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» Chronological View: "" «

Tritax secures €224.4m loan

UK - Tritax Big Box REIT has entered into a new €224.4m (£200m) unsecured revolving credit facility with a syndicate of its relationship lenders. The new facility has an initial maturity of five years and can be extended by two further years to a maximum maturity of seven years. It also contains an uncommitted €112.2m (£100m) acco...
Tuesday, 18. June 2019

AviaRent grows German healthcare portfolio

Germany - AviaRent has acquired a newbuilt nursing home in Bark in Schleswig-Holstein for its open-ended special AIF “CareVision III”. The asset is located on an 18,000m² site at Bockhorner Landstraße 54–56 and provides over 86 single and multipurpose rooms. The facility consists of three interconnected sections, two of which are almos...
Tuesday, 18. June 2019

Harworth secures Midlands resi deal

UK - Harworth Group, acting on behalf of a third-party, has sold 6.62 acres of land to Bellway Homes in Hilton, Derbyshire. The company originally promoted the 6.65-acre greenfield site through South Derbyshire District Council’s Local Plan on behalf of the landowners following the signing of a Planning Performance Agreement (PPA)...
Tuesday, 18. June 2019

Gran Via Shopping Centre welcomes Ikea concept store

Spain - Europa Capital has fully let Gran Via Shopping Centre in Alicante by partnering with Ikea to provide a 110m² concept store branded “Ikea Design” that will enable clients to design their own personalized home projects together with IKEA experts directly in the store. Acquired by Europa Capital in 2017, this latest letting foll...
Tuesday, 18. June 2019

Caroline Ong joins Glenhawk as Non-Executive Director

UK - Glenhawk has strengthened its senior team with the appointment of Caroline Ong as Non-Executive Director. With more than 20 years of commercial and residential real estate experience as a board advisor, committee member and executive director, she will provide strategic operational and governance counsel to the Glenhawk leade...
Monday, 17. June 2019

London sees surge in number of US buyers spending an average £7.3m

UK - US buyers surge to second place in London’s international buyer rankings, spending an average of £7.3m ($9.3m) in 2019 according to Knight Frank. Analysis of purchaser data going back a decade in the prime central London residential market confirms that on average US buyers comprised the fifth largest source of international ...
Monday, 17. June 2019

Cromwell promotes Jitse Mulder to Head of Property Management Europe

Global News - Cromwell Property Group has promoted Jitse Mulder to Head of Property Management Europe. In this role, Jitse will undertake strategic leadership responsibilities and improve collaboration of teams working across Europe, with a focus on driving Cromwell’s “Tenant is King” philosophy. Additionally, he will develop and promote a...
Monday, 17. June 2019

Catalyst Capital appoints Richard Peskin as consultant

UK - Catalyst Capital has appointed Richard Peskin as a consultant. Peskin was the long-time chairman of Great Portland Estates until his retirement in 2009 and then chairman of Internos Global Investors for nine years until its acquisition by Principal Global Investors in April 2018.
Monday, 17. June 2019

Workplace commute and connectivity key to winning Europe’s battle for talent

Global News - According to Savills latest What Workers Want report, landlords and occupiers across Europe need to focus on workplace location, connectivity and layout in order to win the battle for talent. The report, which analyses data sourced by YouGov from 11,000 workers across Savills European office markets, reveals that 40% of Europ...
Monday, 17. June 2019

Run to end youth homelessness returns for third year

UK - A Midlands charity run dubbed ‘property’s toughest 10k’ is returning for its third year to raise money to help end youth homelessness in the region. The 10k and 5k races will take place on Friday 13th September in Longbridge, home of property developer St. Modwen, which has organised the run to raise vital funds for LandAid, ...
Monday, 17. June 2019

Up 9.5 per cent: size of Germanys investable hotel market reaches new record level

Germany - At €57.5 billion, the investable hotel market in Germany reached a new record level in 2018. According to the latest analysis carried out by Union Investment and bulwiengesa, the market increased in value by approximately 9.5 per cent compared to 2017 (€52.6 billion).
Monday, 17. June 2019

Immofinanz acquires Warsaw Spire Tower for €386m

Poland - Immofinanz is acquiring the Warsaw Spire Tower Building in the Polish capital through the purchase of the respective property holding companies. This roughly 220 metre-high office tower has approximately 71,600 sqm of rentable space, with roughly 65,000 sqm representing offices and the remainder used primarily for retail purp...
Friday, 14. June 2019

Tritax acquires logistics asset near Frankfurt

Germany - Tritax EuroBox has acquired a prime, modern logistics facility near Frankfurt in Germany for a total consideration of €50.6 million, reflecting a net initial yield of 4.75% on the corporate acquisition.
Friday, 14. June 2019

AEW appoints Tobias Schnurer as Director of Investments

Germany - AEW announces the appointment of Tobias Schnurer as Director of Investment in Düsseldorf reporting to Gereon Kohlgrüber, Head of Investments for AEW in Germany. Tobias will be responsible for real estate acquisitions in Germany.
Friday, 14. June 2019