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Catella’s new property company acquires portfolio of 72 Swedish grocery stores

Sweden - Two hundred clients of Catella and its distributor partners have subscribed for shares in newly formed company Tre Kronor Property Investment AB (publ), which through a subsidiary has acquired a portfolio of 72 grocery properties in southern Sweden. The company’s chairman is Bernt-Olof Gustafsson, formerly the CEO of KF Fasti...
Thursday, 19. October 2017
Idec Invest celebrates groundbreaking at Viaduc Village

Idec Invest celebrates groundbreaking at Viaduc Village

France - Groupe Idec Invest today held the groundbreaking event for its future outlet village Viaduc Village in the town of La Cavalerie, next to the Millau Viaduct in the South of France. The ceremony was held in the presence of François Rodriguez, the Mayor of La Cavalerie, as well as Lionel Mary, General Manager of Groupe Idec Inve...
Thursday, 19. October 2017

Deutsche Telekom changes from Strabag PFS to ISS Germany

Germany - A bitter blow for Strabag PFS: After ten years, Deutsche Telekom, a long-standing customer, is breaking new ground. Starting July 2019, ISS will deliver Integrated Facility Services to Deutsche Telekom at approximately 9,000 sites across Germany until 2029. Once fully operational, the partnership will become the largest contr...
Thursday, 19. October 2017
Green light for new €14.5 million HQ at Worcester Six

Green light for new €14.5 million HQ at Worcester Six

UK - Construction of a 140,000 sq ft headquarters building at the new £120 million (c.€134 million) Worcester Six Business Park will begin soon after planners gave the development the green light, it was announced today. Developer Stoford Developments gained planning consent from Wychavon District Council to build the unit after s...
Thursday, 19. October 2017

Edmond de Rothschild takes control at Cording Real Estate

Global News - Edmond de Rothschild (Suisse) S.A. has agreed to enter into a strategic alliance with Cording Real Estate Group to create a comprehensive European investment management business. Edmond de Rothschild (Suisse) S.A., via its affiliate OROX Europe, has agreed to acquire a majority stake in Cording Real Estate Group, a German, UK...
Thursday, 19. October 2017
Vonovia and SNI Group to explore joint venture

Vonovia and SNI Group to explore joint venture

France/Germany - Vonovia SE, Germany’s largest real estate company, and the SNI Group, a unit of France’s Caisse des Depots agreed to look at opportunities for cross-border investment in the residential property market.
Thursday, 19. October 2017
CA Immo purchases building B of the Warsaw Spire complex from Ghelamco

CA Immo purchases building B of the Warsaw Spire complex from Ghelamco

Poland - CA Immo signed and closed a sales and purchase agreement to acquire the centrally located Warsaw Spire Building B landmark Class-A office building comprising of 21,600 sqm GLA in Warsaw. The transaction volume of the fully rented asset amounts to around €100 m, the annual gross rental income reaches around €6 m. With this tra...
Wednesday, 18. October 2017
BNP Paribas REIM acquires Nissan's central office in Europe for a private investor

BNP Paribas REIM acquires Nissan's central office in Europe for a private investor

France - BNP Paribas REIM has acquired Nissan's central office for a private investor. Located near Paris, at Montigny-Le-Bretonneux, the building was delivered early 2017 with a lettable area of approx. 14,000 sqm; it can accommodate 850 employees and provides 500 car parking spaces and a company restaurant of 300 seats. The campus, ...
Wednesday, 18. October 2017

Focus Estate Fund acquired Most Retail Park

Czech Republic - Focus Estate Fund investment fund acquired Most Retail Park located in Most with 6,471 sq.m of retail space. This is Focus Estate's third investment in European commercial real estate. The seller of the property TK Development was represented by Dentons. The buy side was backed by Kocián Šolc Balaštík (KSB) and BDO and the fu...
Wednesday, 18. October 2017

Coach launches regional flagship at Bullring

UK - Bullring announces that Coach has opened its debut flagship store in Birmingham at Bullring. The new 280 sq m store is located on the upper east level of the mall, in close proximity to a number of premium brands. This latest opening marks the brand's fourth store outside of London. Bullring has an annual footfall of over 36 ...
Wednesday, 18. October 2017

Tristan fund sells Eroski/Carrefour retail portfolio for €149m

Spain - European Property Investors Special Opportunities (EPISO), the opportunistic fund advised by Pan-European real estate manager Tristan Capital Partners, has sold a portfolio of seven Spanish retail properties to private equity firm MDSR investments for €149 million. The portfolio is occupied by Eroski at 58% and Carrefour at ...
Wednesday, 18. October 2017

New occupiers move to East Preston commercial development

UK - The take up of units at a new business development in East Preston continues with only a handful of units still available, reports Robert Pinkus & Co LLP. Ribble Court is the most recent 23,500 sq ft speculative development to be built by Tustin Developments Ltd at Red Scar Business Park, East Preston. With 40% of the units p...
Wednesday, 18. October 2017

London seen as ‘Outperformer’ alongside Paris, Stockholm and Hamburg

Global News - Patrizia Immobilien AG has launched its eighth Patrizia Insight study on the European Residential Markets which for the first time includes a major new European City Ranking – a matrix which combines long-term attractiveness indicators alongside liquidity within 119 European cities in order to assist investors optimally diver...
Wednesday, 18. October 2017

Capital flows into real estate globally remains very strong

Global News - In H1 2017, Germany overtook the UK as the most active country for investment in commercial real estate in Europe, although the UK fought back in Q3 and Spain is becoming increasingly attractive according to a new report from Colliers International.
Wednesday, 18. October 2017

Hollister Incorporated builds a manufacturing facility in Kaunas FEZ

Lithuania - Hollister Incorporated has signed an agreement to build a manufacturing facility in Kaunas FEZ. The company will establish a production plant on a 13ha plot of land, investing over €50 million and creating 300 jobs. The plant will initially produce ostomy products, with plans to expand production over time.
Wednesday, 18. October 2017