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Aviva Investors appoints Mark Meiklejon as Head of Real Assets Investment Specialists

UK - Aviva Investors has appointed Mark Meiklejon as Head of Real Asset Investment Specialists. Based in London, Meiklejon will lead a newly-formed Real Assets investment specialist team within Global Client Solutions and reports to Steven Blackie, Global Head of Product Strategy. He has over 18 years’ industry experience, and mos...
Monday, 20. August 2018

Elo and LocalTapiola sell prime logistics property

Finland - Elo Mutual Pension Insurance Company, together with LocalTapiola General Mutual Insurance Company have sold a prime logistics property by the Helsinki-Vantaa Airport to DWS. The deal represents one of the largest single asset logistics transactions ever completed in the country. Built in 2006, the complex comprises 42,000 squ...
Monday, 20. August 2018

LondonMetric Property acquires two urban logistics warehouses for £23.5 million

UK - LondonMetric Property has acquired two urban logistics warehouses for £23.5 million (c. €26.2 million), reflecting a blended NIY of 4.9% and rising to 5.6% after five years. The average lease length is 13 years. A 48,000 sq ft warehouse has been acquired in Avonmouth, let to CHEP at a rent of £0.7 million (c. €0.8 million) pe...
Monday, 20. August 2018

Instone RE celebrates topping out ceremony of its Heeresbäckerei project in Leipzig

Germany - Instone Real Estate has celebrated the topping-out of its Heeresbäckerei project in Leipzig. A total of 347 condominiums are planned for the roughly 36,500-square-metre historical site in the Gohlis district, of which 245 will be apartments in an old, refurbished building, and 102 will be new-build apartments. The residential...
Monday, 20. August 2018

Grainger appoints Tom Henry as National Acquisitions Director

UK - Grainger has appointed Tom Henry as National Acquisitions Director. Henry will join Grainger’s Investment team and will report into Grainger’s Director of Investments, Andrew Saunderson. He will be responsible for helping drive further growth in Grainger’s £1.2bn (c. €1.3bn) investment plan into the UK private rented sector (...
Monday, 20. August 2018

DEMIRE increases net profits more than tenfold in Q2 2018

Germany - DEMIRE Deutsche Mittelstand Real Estate AG continued its positive performance in the second quarter of 2018, increasing its net profits more than tenfold. The group’s real estate portfolio consisted of 87 commercial properties as of the 30 June 2018 reporting date (31 December 2017: 86 properties) with a total lettable floor ...
Monday, 20. August 2018

Scandic Hotels signs long-term lease to operate a new hotel Trondheim

Norway - Scandic Hotels has signed a long-term lease agreement with Bane NOR Eiendom and Utstillingsplassen Eiendom to operate a new hotel in the Nyhavna area of Trondheim. The hotel will be the city’s largest conference hotel with 425 rooms and conference facilities covering close to 4,000 m2. The hotel is expected to open in 2022.
Monday, 20. August 2018

Baltic Horizon fund completes acquisition of LNK Centre office building located in Riga

Latvia - The Baltic Horizon fund has completed the acquisition of the LNK Centre office building located in Riga, Latvia. The total purchase price for the property under the agreement is approx. €17 million, which corresponds to an entry yield of approx. 6,5%. The asset is fully leased to five tenants, of which Exigen Services and LNK...
Monday, 20. August 2018

Goodman completes 430,000 sq. ft logistics development in the East Midlands

UK - Goodman has announced the launch of Leicester Commercial Park - a new 40-acre logistics and warehouse development located in the heart of the East Midlands. With construction now complete, the development offers 430,000 sq.ft of prime commercial and warehouse space, immediately available to let. The scheme comprises two units...
Monday, 20. August 2018

Drum Property submits £30 million planning application for Glasgow’s Pacific Quay

UK - The completion of one of Scotland’s most high-profile waterfront development sites has moved a step nearer following the submission of a major planning application to Glasgow City Council by Drum Property Group. Drum is working with Scottish Enterprise to develop a 7.5-acre site at Pacific Drive - which lies at the heart of G...
Monday, 20. August 2018

GPE sells 160 Great Portland Street

UK - Great Portland Estates (GPE) has sold 160 Great Portland Street, W1 to 139 Westar House Marylebone Limited for a headline sale price of £127.35 million (c. €142.1 million), which was only marginally behind the March 2018 book value and reflects a net initial yield of 4.08% and a capital value of £1,328 (c. €1,500) per sq ft. ...
Monday, 20. August 2018

European industrial and logistics investment remained strong in H1 2018

Global News - European industrial and logistics investment remained strong during the last 12 months, according to CBRE's EMEA Industrial & Logistics – Capital Markets Snapshot. Investment volumes reached €31.3bn, down 21% from the 12 months to June 2017, but up 14% after discounting the hugely significant €12.25bn Logicor deal which took ...
Monday, 20. August 2018

£100m Glasgow waterfront development moves forward

UK - Peel Lifestyle Outlets has announced the appointment of Savills to its planned £100m (c. €111.6m) mixed-use development at Glasgow Harbour as moves to rejuvenate the Clyde waterfront gather pace. The 350,000 sq ft Lifestyle Outlets Glasgow Harbour is the next phase of the city’s waterfront regeneration project and aims to c...
Monday, 20. August 2018

Work on multi-million pound refurb of Steel City House completes

UK - Work to deliver a multi-million pound refurbishment of the Steel City House, a historic Sheffield city centre office building on West Street, has completed, providing much needed grade A accommodation to feed demand. Tenants include British Business Bank and since most recently BRM Solicitors. The property, which is being mar...
Monday, 20. August 2018

ADO Properties continues to expand in the first half year 2018

Germany - ADO Properties S.A. continues to expand in the first half year 2018, while also recording significant growth of its value in the same period. The company's income from rental activities rose in the first six months 2018 by 26.4% to €64.9 million (H1 2017: €51.4 million), driven by a solid 5.1% like-for-like rental growth and ...
Monday, 20. August 2018

Patrizia adds London asset to its pan-European retail portfolio

UK - Patrizia Immobilien has acquired a flagship retail property at 49-63 King Street in Hammersmith, London from Alanis Capital for €24.6 million for one of its pan-European retail-focused funds. This latest acquisition, the fund’s first in the UK, follows the fund’s strategy of investing in selected retail sectors. Fawcett Mead ...
Monday, 20. August 2018

Investment in UK student accommodation remains resilient despite fall in university acceptances

UK - The UK student accommodation market continues to perform well with £1.4bn (c. €1.5 bn) worth of stock transacted in the first seven months of 2018, despite a dip in overall acceptances for places at university for 2018/19, according to Cushman & Wakefield. On average, there are currently two students for every purpose-built s...
Friday, 17. August 2018