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UK - Vinci St. Modwen, St. Modwen's 50/50 joint venture with Vinci, completed on the €514.56 million (£470 million) sale of its interest in the 10-acre Nine Elms Square site in London, following an exchange of contracts announced on 21 June 2017.
Germany - Leipzig’s MicroLiving Service GmbH is taking over the operation of the Youniq student residence at Müllerstrasse 34 in Berlin and will be using the services of the platform operator Uniplaces for rentals. The new building offers 163 apartments in total on seven floors.
UK - Schroder UK Real Estate Fund (SREF) has completed the purchase of a portfolio of self-storage assets, comprising over 230,000 sq ft, from The Self-Storage Company, for over €48.2 million (£44 million). The deal, which comprises five properties situated around London and the M25, also sees SREF acquire the intellectual propert...
UK - The gateway to Covent Garden will be transformed into a ‘vertical park’ with a living wall covering over 1,500 sq ft of the building facade to be revealed in September on the corner of Long Acre and James Street - part of a greening initiative recreating the area’s garden heritage. The wall will have varying tones of green w...
UK - UBS Asset Management's Real Estate & Private Markets (REPM) business has completed the acquisition of Quartermile 2, a prime office building located in the new Quartermile development in Edinburgh, Scotland for circa €31.2 million (£28.5 million), representing a yield of 5.4%. The asset was acquired on behalf of a separate ac...
Belgium - Union Investment has sold an office portfolio comprising five individual properties close to Brussels International Airport, which were held in its open-ended real estate fund Unilmmo: Europa. The five properties are located on Da Vincilaan in the Corporate Village business park and offer total rental space of approximately 6...
UK - Available office space in Birmingham city centre has shrunk to a ten-year low, according to new research from CBRE. Current availability is 1.76m sq ft, which is 19 per cent lower than the five-year average. The city's only two committed development schemes – Three Snowhill and the first phase of Paradise Circus (One and Two...
UK - Birmingham Business Park dominated lettings in the M42 and Solihull office market in the second quarter of 2017, with the three largest lettings, totalling nearly 35,000 sq ft, responsible for more than half the total space disposed of (62,508 sq ft), according to KWB. The letting of 20,774 sq ft to BCA Logistics at 1320 Soli...
UK - Plans for the transformation of the Great Northern Warehouse and Square have gone on show in Manchester at a public exhibition organised by the partnership that owns the site, Trilogy Real Estate and Peterson Group. The exhibition will give the public the opportunity to view the plans and comment ahead of a planning applicati...
Hungary - From 7th August 2017 David M Johnston MRICS starts his new role as Senior Director, Head of Advisory and Transaction Services at CBRE Hungary. In this new position Johnston will oversee and manage the operation of CBRE’s three agency teams, namely the Office, Retail and Industrial teams.
Germany - The business of TLG Immobilien AG fared excellently once again in the first half of the 2017 financial year. In the first six months of the year, rental income increased to €78.5 m, which represents an increase of 16.1% over the same period in the previous year. In the same period, funds from operations (FFO) increased by 21....
UK - Opus North remains extremely optimistic about the future of its €7.1 million (£6.5 million) retail park in Skipton. The 35,000 sq ft retail park, which is located on part of the site of the Guyson's International factory on Keighley Road in Skipton, had a recent setback when DIY giant Wickes pulled out of the development.
Poland - Warsaw office of Echo Investment and EPP have been moved to the Q22 office building located at the junction of Jana Pawła Avenue and Grzybowska Street. Echo will occupy part of the 35th floor in the 155-metre skyscraper, it will share it with EPP. The Q22 office building, which was developed by Echo Investment and put into op...
Czech Republic - Zdeněk Kašpar, Associate Director, Industrial & Logistics at CBRE is a new member of the CBRE Industrial & Logistics/ Advisory & Transactions team. Zdeněk Kašpar joins CBRE from the occupier client side. He will focus on advising companies across the Czech Republic on optimizing their industrial and logistics space financiall...
Sweden - Peab has been commissioned to build an office building in Västra Hamnen in Malmö. The customer and general contractor is Midroc Projects AB and the contract is worth €11.4 million (SEK 109 million). The office building will be seven stories high built on Propellergatan near Kockum Fritid in Västra Hamnen in Malmö. This is a t...
Czech Republic - JLL follows up on the report by the Prague Research Forum (PRF) on the current situation on the Prague office market. "During the first half of the year, the Prague office market saw the completion of three new administrative projects – Dock in Two, Five and Rustonka R1. The total space delivered to the market amounted to 31,...
UK - Shoreditch Village has announced the signing of Mamarosa, expanding the restaurant from its pioneering location beneath the prestigious 5-star W hotel in Barcelona and debuting it in the UK. The new two-storey 1,950 sq ft Italian and Mediterranean fusion restaurant will be positioned adjacent to the citizenM boutique hotel an...
UK - LGIM Real Assets (Legal & General) has secured a major pre-let with The UK Government following its acquisition of India Buildings in Liverpool from Shelborn Asset Management. The letting will see HMRC become a large employer in the city, helping to facilitate significant economic growth in the northwest city.
