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Revcap and Cobbleyard divested a logistics property in Vantaa

Sweden - Revcap and Cobbleyard Real Estate divested a logistics property located at Niittytie 12 in Koivuhaka, Vantaa. The 6,400 sqm last-mile warehouse is single let with a long-term lease. Avance advises Cobbleyard Real Estate and its sponsors in the divestment of the warehouse property.
Monday, 18. March 2024

Artisan RE to progress with Edinburgh city centre green neighbourhood

UK - Artisan Real Estate is set to progress with the spectacular homes-led redevelopment of one of Edinburgh city centre's largest potential development sites following planning approval by The City of Edinburgh Council (CEC). Councillors at CEC's Development Sub Committee on Wednesday (13 March) were 'minded to grant' consent for...
Friday, 15. March 2024

Garbe and Jebens achieve early full occupancy in Hamburg

Germany - Garbe Industrial and Jebens achieve full occupancy in Victoria Park Hamburg at an early stage: the technology company Freudenberg Sealing Technologies will move into the multi-user campus. The property, which has a total area of around 12,000 square metres, is scheduled for completion in February next year.
Friday, 15. March 2024

Phoenix Spree raises capital through sales

Germany - Phoenix Spree Deutschland has sold of a multi-family property and further sales of condominiums in Berlin. Proceeds from these asset sales will be used to repay debt and for investment in the condominium portfolio in order to prepare assets for sale.
Friday, 15. March 2024

Immofinanz sells two office buildings in Vienna

Austria - Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been successfully sold to an Austrian real estate investor. According to Immofinanz, the sale was above book value.
Friday, 15. March 2024

Courbet and Louvre Hotels sign new hotel in Cannes

France - Louvre Hotels Group and the Courbet Group are continuing their collaboration with the signing on March 14, 2024 of a new Kyriad hotel in Cannes under a franchise agreement. The two groups had already announced a few days ago their partnership for the opening of a Hosho brand vocational hotel.
Friday, 15. March 2024

Deutsche Wohnen publishes preliminary KPIs

Germany - Following the Full Year results for 2023 of its majority shareholder, Vonovia SE, Deutsche Wohnen SE publishes the following KPIs for the financial year 2023. The numbers are preliminary. During the financial year 2023, Deutsche Wohnen SE generated a Group FFO of the continued operations of € 521.8 million (€ 1.31 per share)....
Friday, 15. March 2024

PBSA project in Alicante attracts €17.5m Fiera loan

Spain - Amro Partners and Falco Capital have financed their joint student housing project in Alicante with a €17.5m 3-year development loan from Fiera Capital's European Real Estate Debt platform. The global asset management firm is making its debut into the Iberian market via the Article 8-compliant Fiera European Real Estate Debt F...
Friday, 15. March 2024

CTP appoints new Managing Directors for Poland and Bulgaria

Poland - CTP to announce the appointments of two new Managing Directors for the business. Piotr Flugel has been appointed as the Managing Director for CTP Poland and Daniela Boytcheva has been appointed as the Managing Director for Bulgaria. Both appointments are effective from 1st March 2024.
Friday, 15. March 2024