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The Netherlands - Commerz Real has sold the office complex “Blaak 31” in Rotterdam for approx. €75.6 million to an institutional investor; the property had belonged to the open-ended real estate fund hausInvest since 2008. Based on the current annual rent, this results in a gross yield of approx. seven per cent. In the course of the transactio...
UK - LGIM Real Assets and Mitsubishi Estate London have broken ground at 245 Hammersmith Road, W6, their 250,000 sq ft office-based scheme which will deliver a new standard of office space for the area. Demolition works have recently been completed by Erith, and Lendlease has been appointed to deliver the €227m (£200m) constructio...
UK - Hodes Weill & Associates has appointed Jonathan Read as a Principal in its London office with primary responsibility for institutional coverage in Europe. Read was previously employed at Angelo, Gordon & Co., where he was responsible for institutional coverage and capital raising across Europe.
Finland - Cinamon is making its way to Finland for the first time and will open a five-screen cinema in the Redi shopping and experience centre. Cinamon has signed an agreement to lease around 2,400 m² in Redi's entertainment court, which will open in autumn 2018. The new generation cinema will have a total of around 700 seats. The lar...
UK - A luxury boutique hotel in Edinburgh's west end, The Bonham Hotel, has been sold by a controlled affiliate of Starwood Capital on an off-market basis to the U.S. based investor. Starwood Capital Group, via Starwood Global Opportunity Fund X, acquired the property in 2015 as part of the Town House Collection, which included th...
UK - Inspired Homes has unveiled what is believed to be Greater Manchester's largest micro-apartment development. Fabrick in Cheadle Hulme, SK8 is a new development of 184 studio, one and two bedroom micro-apartments offering high quality, low cost accommodation to Manchester's young professionals.
UK - Frasers Property (UK) Ltd have gained planning permission from Wandsworth Council for a landmark €146.5 million (£130 million) (GDV) Thameside apartment building at Riverside Quarter in Wandsworth. It provides 172 mixed tenure apartments; ground floor retail and commercial premises; 72 car and 340 cycle parking spaces, and ex...
Germany - CA Immo has finalized the decision to start construction of the office and hotel high-rise One in Frankfurt. The 190m building will be in the Europaviertel, centrally located between the banking district and the exhibition grounds. The driving force behind the decision was the signing of a long-term lease agreement with the i...
UK - This Friday Spaces is opening a new 16,900 sq ft hub on The Causeway, Teddington, its first location in the town. Spaces is a creative working environment with a unique entrepreneurial ethos. Its workspaces offer an inspiring environment designed to integrate lifestyle into work, and members are encouraged to build their netw...
UK - LGIM Real Assets has signed an agreement with the Borough of Poole that unlocks a €29.3 million (£26 million) programme of investment at The Dolphin Centre in Dorset. Plans include bringing further improved retail and dining choices to the Centre. The agreement restructures the existing headlease arrangements into a single, l...
UK - Topland Group has sold the Royal Mail Regional Centre in Plymouth to Plymouth City Council for €21.69 million (£19.25 million). GVA acted on behalf of Topland and Plymouth City Council was advised by JLL. The property is let to Royal Mail Group ltd on full repairing and insuring terms for a lease of 15 years at a rent of €1....
Germany - Alstria office REIT-AG announces the signature of a new lease for its asset Washingtonstr. 16/16a in Dresden. The new tenant, a provider for IT and engineering services, will lease up approximately 1,600 sqm of office and ancillary space. The leasing contract has a maturity of 4 years, will start on September 1, 2017 and gene...
UK - St Francis Group and iSec have announced details of further development and progress onsite at its prestigious Horizon 38 development, a 1 million sq ft mixed use scheme under construction in Bristol. In the first phase of development, five speculatively developed logistics, manufacturing and industrial units totalling 210,70...
UK - Teddy Sagi has confirmed via Globe Invest, his Family Office, that Brickington Trading Ltd is selling 36,500,000 shares in Playtech. This represents 11.5% of the issued share capital of the company. The shares are being sold at €10.41 (£9.24) each and will raise the total sum of €380m (£337.26m). Brickington is a wholly owned...
Germany - Summit Germany Limited has entered into an unconditional agreement with Dazzle Capital Holdings Ltd., for the acquisition of a portfolio of commercial properties at a total purchase price of approximately €100 million including acquisition costs, located in 4 different sites in the city of Wolfsburg.
Germany - Commerz Real Kapitalverwaltungsgesellschaft (KVG) has purchased a student and apartment building in Bonn for its special property fund “CR Institutional Smart Living Fund”; the building is to be newly constructed and has a total investment volume of approx. €30.3 million. The seller is the project development company Kreer Pr...
Global News - Two thirds of property directors believe that Government should provide financial incentives to ensure buildings meet new energy efficiency standards, according to a survey carried out at the Property Directors Forum, chaired by Jason Sibthorpe of Forum sponsors, Avison Young. Attendees at the event held on 8th June at The Ro...
UK - Whilst best known for its industrial past, Yorkshire now has a growing reputation as a destination of choice for the creative sector, according to a brand-new report by Knight Frank. Knight Frank’s Yorkshire Office Market Review 2017, issued today (Tuesday) revealed that last year, firms from the Technology, Media and Telecom...
