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Union Investment acquires office property in Granite Park campus in Dallas

Global News - Union Investment has acquired the Granite Park VII office property in Dallas. Completed in 2017, the building offers 30,000 sq meters of prime office space and is fully let on a long-term lease to US government sponsored entity, Fannie Mae. The vendor is Granite Properties, the developer of the Granite Park campus, which curr...
Wednesday, 17. October 2018

CLS Holdings sells Buspace Studios in London

UK - CLS has completed the sale of Buspace Studios, 10 Conlan Street, London W10 for a consideration of £13.5 million (c. €15.3 million). The property comprised 32,537 sq ft (3,023 sqm) of office space and realised a profit of 4.2% above its valuation at 30 June 2018 of £12.95 million (c. €14.7 million), which was unchanged from 3...
Wednesday, 17. October 2018

PartnersPol Group to move into MLP Teresin

Poland - PartnersPol Group has signed a contract with MLP Group to lease 22,200 square meters of modern warehouse space in the MLP Teresin logistics park. In this facility, approximately 200 square meters will be earmarked for staff rooms and offices. The delivery of the ordered space is planned for January 2019. Axi Immo advised the...
Wednesday, 17. October 2018

Ibis Styles Bucharest City Center to open in 1Q 2020

Romania - Hotel operator Orbis Hotel strengthens its position in the Romanian capital by signing a management contract for a new Ibis Styles hotel in the city center. The newly-built Ibis Styles Bucharest City Center, expected to be open in 1Q 2020, is developed in partnership with Romanian own...
Wednesday, 17. October 2018

Berlin Hyp launches third Green Pfandbrief

Germany - Berlin Hyp's has launched a new Green Pfandbrief. Since debuting with the first Green Pfandbrief in 2015, Berlin Hyp has issued six green bonds with a total volume of €3 billion, half of them being green covered bonds and the other half being green senior unsecured bonds. That makes the bank the most active green bond issuer...
Tuesday, 16. October 2018

CLS Holdings to let 3,035 sqm at East Gate near Munich

Germany - CLS today announces two further lettings totalling 3,035 sqm (32,668 sq ft) at East Gate, Kapellenstrasse 12, Feldkirchen, Greater Munich, comprising 2,116 sqm of office space to a leading provider of automobile parts and 919 sqm to an established restauranteur who will operate the in-house restaurant.
Tuesday, 16. October 2018

Deutsche Asset One acquires €90m residential portfolios for Union Investment

Germany - Deutsche Asset One has acquired 750 apartments valued at around €90m for two separate account mandates from Union Investment. The apartments, located in Hamburg, Leipzig, Magdeburg and Saarbrücken, were traded predominantly as off-market transactions. Among the sellers were a number of German family offices. In the past 24 mo...
Tuesday, 16. October 2018

SSM sells 176 rental units in its Täby Turf project to Willhem

Sweden - SSM Holding AB has carried out an investor transaction that involves selling 176 rental units in its Täby Turf project to Willhem. The selling price is c. €45.8 million (SEK 473 million) and revenue for the project is expected to be recognized during the period Q1 2019 to Q1 2021. The first tenants are expected to move in dur...
Tuesday, 16. October 2018

Pembroke announces office opening and new hires in Germany

Germany - Pembroke has announced the opening of a new Munich office, cementing its commitment to Germany, and bringing its office footprint to seven global locations. The company’s new office will be located in the Grade A, mixed-use Maximilianhöfe on Maximillianstrasse. Overseeing the new office will be Christian Bosiljanoff, who will...
Tuesday, 16. October 2018

Panattoni Europe to build a 58,500-square-metre dishwasher factory for BSH in Łódź

Poland - Panattoni Europe has laid the cornerstone to mark the beginning of the construction of a dishwasher factory for BSH Sprzęt Gospodarstwa Domowego, dedicated to Industry 4.0. The facility, featuring close to 58,500 sqm, is being built in Łódź next to the Central European Logistics Hub and is the developer’s largest manufacturin...
Tuesday, 16. October 2018

Unibail-Rodamco-Westfield enters into an agreement to sell the Tour Ariane

France - Unibail-Rodamco-Westfield entered into an agreement with GIC for the sale of Tour Ariane in La Défense. The net disposal price of €464.9m represents a premium to the latest unaffected book value. Tour Ariane is an office building with a GLA of over 64,500 m² located in the heart of the La Défense business district (Paris regi...
Tuesday, 16. October 2018

Stockmann to sell Nevsky Centre in St. Petersburg for €171 million

Russia - Stockmann plc has signed an agreement to sell its Nevsky Centre shopping centre property in St. Petersburg to PPF Real Estate for a purchase price of €171 million. The value of the Nevsky Center property in the balance sheet on 1.1.2018 was €181 million. The transaction includes Stockmann’s fully-owned Russian subsidiary, OOO...
Tuesday, 16. October 2018

TLG Immobilien presents Alexanderplatz project at the Baukollegium in Berlin

Germany - TLG Immobilien AG has presented its project on Alexanderstrasse 1, 3, 5 at the corner of Karl-Liebknecht-Strasse 30 on plots A9, A10 and A11 on outer Alexanderplatz based on a volume story to Baukollegium. The company is planning to construct three new buildings including two towers along Alexanderstrasse. In total, based on...
Tuesday, 16. October 2018

Wihlborgs breaks ground for Prisma

Sweden - Wihlborgs has celebrated the ground breaking for its new Prisma office building in the Oceanhamnen district of Helsingborg. In autumn 2020, 11,000 m² of ultra-modern premises will be ready for occupancy. Prisma was drawn by Erik Giudice Architects and will meet stringent sustainability requirements, being certified to SGBC Go...
Tuesday, 16. October 2018

Council chiefs go on site tour of Bridgwater Gateway business park

UK - Leading council figures were given a tour of the latest progress on work at the £150 million (c. €170 million) Bridgwater Gateway business park. Senior members of Sedgemoor District Council’s planning and economic development teams went on a site visit to the 100-acre mixed-use development.
Tuesday, 16. October 2018

Kennedy Wilson agrees new lease with Asos for all of Leavesden Park

UK - Kennedy Wilson has leased the remaining office space at Leavesden Park, near Watford to Asos plc, which has taken a new 15-year term certain lease over 125,000 sq ft of space, which was recently surrendered by BT Group plc. Following a full refurbishment of the office accommodation, Asos will occupy the space from mid-2019. S...
Tuesday, 16. October 2018

CLS Holdings completes sale of Buspace Studios

UK - CLS has completed the sale of Buspace Studios, 10 Conlan Street, London W10 for a consideration of £13.5 million (c. €15.4 million). The property comprised 32,537 sq ft (3,023 sqm) of office space and realised a profit of 4.2% above its valuation at 30 June 2018 of £12.95 million (c. €14.7 million), which was unchanged from 3...
Tuesday, 16. October 2018

M7 acquires long let Eddie Stobart distribution warehouse asset

UK - M7 Real Estate has acquired, on behalf of M7 Real Estate Investment Partners VI five adjacent warehouse units let on a long term lease to Eddie Stobart Ltd in Workington, Cumbria for £6.295 million (c. €7.2 million), representing a net initial yield of 10% and a capital value per sq ft of £13.22 (c. €15). The asset has been a...
Tuesday, 16. October 2018