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UK - Harworth Group plc has purchased the 350-acre former Ironbridge coal-fired power station in Shropshire for an undisclosed sum, further growing the company’s strategic land bank and expanding its presence in the Midlands. Located adjacent to Ironbridge town centre, the site comprises around 240 acres of brownfield land and a n...
The Netherlands - Following the announcement of 9 May 2018, BAM has completed the buyback programme of 3,853,600 ordinary shares in order to neutralise the dilutive effect of the stock dividend. Between 22 May and 18 June 2018, the shares were repurchased at an average price of €3.9321 per share for a total consideration of €15.2 million. The ...
Germany - Commerz Real has leased out the final 800 square metres in the Eurotheum office ensemble in Frankfurt am Main to Imaxx Real Estate Group and to the investment manager Capital Group. Thus the former seat of the European Central Bank (ECB) is once again fully occupied. Following the departure of the ECB in 2015 the office tower...
UK - Hines has agreed to forward purchase a prime 60,000 sq ft office building in the heart of Edinburgh on behalf of its European Core Fund (HECF). The Mint Building, located on St Andrew Square in the city’s vibrant and rapidly evolving East End district, will be completed in early 2019 and is already pre-let on a 15-year lease....
France - Gecina has signed a 12-year lease with WeWork for the entire “Le France” building on Paris’ Left Bank (Rive Gauche), next to Station F, the world’s biggest startup incubator. Currently being redeveloped, the building will offer a total of nearly 20,000 sq.m and will be delivered in October 2018. The signing of this lease, whi...
Germany - Alstria office REIT-AG has announced the signature of another new lease in its development asset „Momentum“ in Düsseldorf. With the signature of another sizable new leasing contract the company can report on further progress in its development project „Momentum“ (Am Wehrhahn 33, Oststrasse 10, Düsseldorf). The new tenant will...
UK - The 350-apartment Saffron Court project in Nottingham, designed by architects maber and built by Winvic Construction for the Cassidy Group and Cording Real Estate Group on the former Hicking Pentecost site near London Road, is already proving a catalyst for the regeneration of the City’s south side with a neighbouring develo...
UK - On 25 June the Wild West End Garden, which won a gold award at Chelsea Flower Show last month, will open on Old Quebec Street in London’s West End providing a new tranquil space for visitors to enjoy in the midst of the bustling West End, and boosting the area’s connection to the natural world.
UK - Corum Asset Management has completed the off-market acquisition of 40-46 Donegall Place, a retail asset in Belfast, in what is the largest retail investment transaction in Northern Ireland so far this year. 40-46 Donegall Place, which is currently home to Northern Ireland’s flagship Next store and Dublin-based Eason, and exte...
Denmark - Coop has sold a 131.300 sq.m. business-, campus- and retail portfolio in Aarhus South to Dades A/S. Catella Corporate Finance has acted as financial advisor to Coop in the sale. Historically, the transaction is one of the largest ever carried out in Aarhus. Due to the size of this transaction, the final closing is dependent u...
UK - LGIM Real Assets (Legal & General) has provided a £48m (c. €54.6m) senior financing to support Fiera Infrastructure on their investment into a fully operational solar photovoltaic (PV) technology portfolio consisting of more than 13,250 residential and commercial rooftop systems. This transaction marks Fiera Infrastructure’s ...
UK - The plans to transform the Generator Building at Finzels Reach into office space have been green-lighted. The Grade II listed former tram building in Bristol will be restored and turned into office space for tech, media and creative businesses. The building by Bristol's floating harbour originally housed the generator for the...
The Netherlands - Meledi Netherlands B.V. has signed a new long term lease agreement with Dornick B.V. at the Stadionweg 29 in Rotterdam. The lease agreement comprises approximately 3,000 sq m of industrial space. In collaboration with the landlord, Meledi has fully modernised the interior as well as the exterior of the Stadionweg. In addition...
UK - Newcore Capital Management sells World of Golf in Croydon to Aberdeen Standard Investors for £4.425 million (c. 5.03 million). The World of Golf has a 24-bay driving range, a mini-adventure golf course and a 6,252 sq ft professional golf shop and is operated by Ashtour. Knight Frank acted for Newcore Capital Management and Jo...
UK - LaSalle Investment Management has purchased two new high specification distribution parks, the Island Road in Reading and the South Central in Southampton, for £95 million (c. 108 million) on behalf of Greater Manchester Pension fund, from Peel Logistics Property and Rockspring TransEuropean Property V Limited Partnership.
UK - The Ringway industrial estate in Huddersfield town centre is to undergo a major refurbishment to revitalise the 140,000 sq. ft. scheme. Units from 2,000 sq ft to 15,000 sq ft will be available through the Leeds offices of Knight Frank & Carter Towler, offering trade counter and industrial units to a range of potential occupie...
Global News - The average assets under management (AUM) of property fund providers increased significantly in 2017, rising from €13.6 billion in 2016 to €16.7 billion at the end of 2017. This corresponds to an increase of around 22 percent. According to the “ANREV / INREV / NCREIF Fund Manager Survey 2018” published by INREV at the end of ...
Ukraine - Foxtrot has opened a new store for home appliances in Forum Lviv, with a store space of more than 1,300 sq.m. The new Foxtrot store is located in the main atrium on the first floor and has become the anchor operator of the shopping centre.