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SREF enters self-storage market with €48.2 million portfolio buy

UK - Schroder UK Real Estate Fund (SREF) has completed the purchase of a portfolio of self-storage assets, comprising over 230,000 sq ft, from The Self-Storage Company, for over €48.2 million (£44 million). The deal, which comprises five properties situated around London and the M25, also sees SREF acquire the intellectual propert...
Montag, 21. August 2017

Covent Garden continues to grow with reveal of living wall

UK - The gateway to Covent Garden will be transformed into a ‘vertical park’ with a living wall covering over 1,500 sq ft of the building facade to be revealed in September on the corner of Long Acre and James Street - part of a greening initiative recreating the area’s garden heritage. The wall will have varying tones of green w...
Montag, 21. August 2017
UBS AM completes acquisition of central Edinburgh office asset

UBS AM completes acquisition of central Edinburgh office asset

UK - UBS Asset Management's Real Estate & Private Markets (REPM) business has completed the acquisition of Quartermile 2, a prime office building located in the new Quartermile development in Edinburgh, Scotland for circa €31.2 million (£28.5 million), representing a yield of 5.4%. The asset was acquired on behalf of a separate ac...
Montag, 21. August 2017
Union Investment sells office portfolio at Brussels Airport to RF Capital

Union Investment sells office portfolio at Brussels Airport to RF Capital

Belgium - Union Investment has sold an office portfolio comprising five individual properties close to Brussels International Airport, which were held in its open-ended real estate fund Unilmmo: Europa. The five properties are located on Da Vincilaan in the Corporate Village business park and offer total rental space of approximately 6...
Montag, 21. August 2017

Lettable office space reaches 10-year low in Birmingham City Centre

UK - Available office space in Birmingham city centre has shrunk to a ten-year low, according to new research from CBRE. Current availability is 1.76m sq ft, which is 19 per cent lower than the five-year average. The city's only two committed development schemes – Three Snowhill and the first phase of Paradise Circus (One and Two...
Montag, 21. August 2017
Birmingham Business Park dominates M42 and Solihul office market in Q2

Birmingham Business Park dominates M42 and Solihul office market in Q2

UK - Birmingham Business Park dominated lettings in the M42 and Solihull office market in the second quarter of 2017, with the three largest lettings, totalling nearly 35,000 sq ft, responsible for more than half the total space disposed of (62,508 sq ft), according to KWB. The letting of 20,774 sq ft to BCA Logistics at 1320 Soli...
Montag, 21. August 2017
Plans revealed for the transformation of Manchester's Great Northern Warehouse

Plans revealed for the transformation of Manchester's Great Northern Warehouse

UK - Plans for the transformation of the Great Northern Warehouse and Square have gone on show in Manchester at a public exhibition organised by the partnership that owns the site, Trilogy Real Estate and Peterson Group. The exhibition will give the public the opportunity to view the plans and comment ahead of a planning applicati...
Montag, 21. August 2017
David Johnston joins CBRE as Senior Director, Head of Advisory and Transaction Services

David Johnston joins CBRE as Senior Director, Head of Advisory and Transaction Services

Hungary - From 7th August 2017 David M Johnston MRICS starts his new role as Senior Director, Head of Advisory and Transaction Services at CBRE Hungary. In this new position Johnston will oversee and manage the operation of CBRE’s three agency teams, namely the Office, Retail and Industrial teams.
Montag, 21. August 2017

TLG Immobilien AG increases its FFO by around 21 percent in H1/2017

Germany - The business of TLG Immobilien AG fared excellently once again in the first half of the 2017 financial year. In the first six months of the year, rental income increased to €78.5 m, which represents an increase of 16.1% over the same period in the previous year. In the same period, funds from operations (FFO) increased by 21....
Montag, 21. August 2017
Opus North remains extremely optimistic about Skipton Retail Park

Opus North remains extremely optimistic about Skipton Retail Park

UK - Opus North remains extremely optimistic about the future of its €7.1 million (£6.5 million) retail park in Skipton. The 35,000 sq ft retail park, which is located on part of the site of the Guyson's International factory on Keighley Road in Skipton, had a recent setback when DIY giant Wickes pulled out of the development.
Montag, 21. August 2017

Echo Investment and EPP move into Q22

Poland - Warsaw office of Echo Investment and EPP have been moved to the Q22 office building located at the junction of Jana Pawła Avenue and Grzybowska Street. Echo will occupy part of the 35th floor in the 155-metre skyscraper, it will share it with EPP. The Q22 office building, which was developed by Echo Investment and put into op...
Montag, 21. August 2017
CBRE hires Zdeněk Kašpar as Associate Director in Industrial & Logistics Team

CBRE hires Zdeněk Kašpar as Associate Director in Industrial & Logistics Team

Czech Republic - Zdeněk Kašpar, Associate Director, Industrial & Logistics at CBRE is a new member of the CBRE Industrial & Logistics/ Advisory & Transactions team. Zdeněk Kašpar joins CBRE from the occupier client side. He will focus on advising companies across the Czech Republic on optimizing their industrial and logistics space financiall...
Montag, 21. August 2017

Peab builds office building in Malmö

Sweden - Peab has been commissioned to build an office building in Västra Hamnen in Malmö. The customer and general contractor is Midroc Projects AB and the contract is worth €11.4 million (SEK 109 million). The office building will be seven stories high built on Propellergatan near Kockum Fritid in Västra Hamnen in Malmö. This is a t...
Montag, 21. August 2017

Prague office market sees the completion of three new administrative projects

Czech Republic - JLL follows up on the report by the Prague Research Forum (PRF) on the current situation on the Prague office market. "During the first half of the year, the Prague office market saw the completion of three new administrative projects – Dock in Two, Five and Rustonka R1. The total space delivered to the market amounted to 31,...
Montag, 21. August 2017

Barcelona's Mamarosa makes debut at Shoreditch Village

UK - Shoreditch Village has announced the signing of Mamarosa, expanding the restaurant from its pioneering location beneath the prestigious 5-star W hotel in Barcelona and debuting it in the UK. The new two-storey 1,950 sq ft Italian and Mediterranean fusion restaurant will be positioned adjacent to the citizenM boutique hotel an...
Montag, 21. August 2017

Legal & General acquires Liverpool's India Buildings

UK - LGIM Real Assets (Legal & General) has secured a major pre-let with The UK Government following its acquisition of India Buildings in Liverpool from Shelborn Asset Management. The letting will see HMRC become a large employer in the city, helping to facilitate significant economic growth in the northwest city.
Montag, 21. August 2017