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UK - Gatehouse Investment Management has unconditionally exchanged on the acquisition of 71 homes in Horwich, near Bolton from Bellway Homes for its ‘UK PRS’ single-family build-to-rent (SFBTR) portfolio.
Germany - P3 has successfully closed an investment in three diversified German logistics properties located in strategically attractive areas in the cities of Magdeburg, Leipzig and Hanover. With a gross leasable area of approximately 201,000 square meters, they offer a wide range of possibilities for a variety of logistics activities....
Austria - After a phase of around eight years , the open-ended mutual property fund UniImmo: Europa is selling the Vienna office property Space2Move to Raiffeisen-Holding NÖ-Wien.
UK - Plans for five new hangars at Blackpool Airport have been unveiled. The plans submitted could see the first new developments at the airport in over 15 years.
Sweden - Louise Schaldemose will take on her new role on 1 October and will support an experienced team of local Heads of Letting across all Heimstaden’s locations.
UK - The trajectory of capital values in London’s office sector is further ahead than almost every counterpart market in Europe, according to new data analysed by BNP Paribas Real Estate, with capital growth for London’s office sector declining by 17.1% year-on-year (Q2 2022 – Q2 2023).
UK - Oxenwood Real Estate announces that co-founder Jeremy Bishop is to step down after nine years. He will remain a senior advisor to the firm until the end of the year.
UK - St Hilda’s College, part of Oxford University, has bought a grand Victorian building in the city centre to provide more accommodation for its postgraduates and visiting students from overseas.
UK - Trebor Developments and Andrew Scott have achieved the first Sectional Completion for the new KLA UK Manufacturing and R&D centre in Newport, South Wales. This allows specialist fit out contractor, CMB, to proceed with works whilst Trebor and Andrew Scott complete the balance of the works for occupation in April 2024.
Global News - Performance of the European non-listed real estate market was characterised by a continued, slow correction in Q2 2023. According to the INREV Quarterly Fund Index the total returns hit -0.47%. This was driven by a decline in capital growth which dipped to -1.24%, marking the fourth consecutive quarter of negative performance...
Germany - AXA IM Alts got planning consent and launched the construction of ‘The Stack,’ a c. 16,000 sqm timber hybrid office asset in the centre of Munich.
Germany - A water treatment and filter technology specialist has signed a lease at Mallaustrasse 69-73 in Mannheim. The company will use around 2,000 m² of warehouse space and around 450 m² of undeveloped space as an additional warehouse location. The owner of the property is Adler Immobilien Investment.
Sweden - Johan Ericsson declines re-election as the chairman of the board for Nyfosa AB. Ericsson remains chairman of the board until the annual general meeting on April 23, 2024.
UK - Detailed designs for three new, prestigious laboratory and office buildings which total 458,100 sq ft (42,549 sq m) and will be built as phase 2 of Oxford North, the new £700 million life sciences innovation district, have been resolved to be approved by Oxford City Council’s planning committee. Oxford North will deliver one ...
Market Report - Colliers has been seeing a fundamental shift in the German residential and commercial investment markets ever since the ECB began raising interest rates in the summer of 2022. Purchase prices for multifamily properties have dropped an average of 17%, moving back to the levels recorded in 2018. Prices are not expected to gener...