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Union Investment sells two properties in the centre of Tokyo

Global News - Union Investment has profitably sold the Shibuya Prime Plaza office building and the J6 Front office and retail building in Japan's capital Tokyo. Both properties are part of the portfolio of open-ended real estate fund UniImmo: Europa: J6 Front, built in 2008, was acquired in 2014, while Shibuya Prime Plaza, completed in 200...
Friday, 1. March 2024

Yusen becomes first tenant at Segro Logistics Park Northampton

UK - Yusen Logistics UK has become the first customer to lease a building at Segro Logistics Park Northampton, after signing almost 1.2 million sq ft of highly sustainable warehouse space at the state-of-the-art, multi-modal development. The building will be the company's largest facility globally and is understood to be the bigge...
Friday, 1. March 2024

ECRE Fund IV acquires J13 logistics park near Tallinn

Estonia - East Capital Real Estate fund IV has acquired the J13 logistics park just outside Tallinn. The fully leased park consists of 40,000 square metres of logistics and light industrial premises and is one of the largest in Estonia. This marks the 10th and final transaction of the €350 million fund which is now fully invested.
Friday, 1. March 2024

Yareal secures new tenant for Lixa D in Warsaw

Poland - A dynamically growing fintech company has leased nearly 2,600 m² of office space in the Lixa D building, which is being erected as part of an office complex near the Warsaw’s Daszyński Roundabout. The new tenant will occupy over 25% of the building’s commercial space.
Friday, 1. March 2024

Panattoni plans logistics development at historic Cologne site

Germany - Panattoni is working up plans for a speculative €100 million logistics development in Cologne on an historic industrial site between the airport and city centre. The development, which will be called Panattoni Campus Köln Ost, is located in the Westhoven district of Cologne with a direct connection to the A4 and near the A3, ...
Friday, 1. March 2024

St. Modwen Logistics to deliver new warehousing at Trident Business Park

UK - St. Modwen Logistics has started construction on c.125,000 sq ft sustainable warehouse space across two units at Trident Business Park in Warrington. Built in line with the company’s Swan Standard the scheme will boast a BREEAM ‘Excellent’ certification and achieve a minimum of EPC ‘A’ rating, helping occupiers to reduce thei...
Friday, 1. March 2024

CBRE IM appoints Sebastian Ehrhardt Country Manager Germany

Germany - CBRE Investment Management has appointed Sebastian Ehrhardt as the Country Manager for Germany, assuming the Country Manager role from Marius Schöner who held the dual position of Country Manager and Head of the EMEA Residential Operator Division.
Friday, 1. March 2024

Henley secures approval for mixed-use scheme in South Acton

UK - Henley Investment Management secures consent for the redevelopment of an underutilised site on Stanley Road, South Acton in Ealing, London. The mixed-use scheme, designed by HTA Architects, will transform this area of South Acton, and forms a key part of the council’s South Acton Industrial LSIS Masterplan. The new developmen...
Friday, 1. March 2024

Sirius agrees third German business park acquisition this year

Germany - Sirius Real Estate has notarised the acquisition of a business park in Klipphausen, near Dresden, together with an adjacent land parcel for an acquisition price of €13.75 million (£11.73 million). The acquisition has been made using the proceeds of November 2023‘s €165 million (£147 million) capital raise. It represents the t...
Friday, 1. March 2024

Patrizia proposes sixth consecutive increase in dividends

Germany - Patrizia has published preliminary, unaudited financial results for FY 2023. The Company successfully diversified its investment platform and delivered further organic growth in assets under management (AUM) through strategic investments. Recurring management fees continued to grow in line with strategy, while transaction fee...
Thursday, 29. February 2024

Aareal's active risk management pays off in 2023

Germany - Following the 2023 financial year, which featured strong income growth, investments and an active risk management, Aareal Bank Group anticipates a significant increase in earnings for the current year. Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank ant...
Thursday, 29. February 2024

QSix appoints Christian Daumann as CEO Germany

Germany - QSix has appointed Christian Daumann as Chief Executive Officer of its German operations with effect from 1 March 2024. Christian will succeed Jörg Schwagenscheidt, who has been CEO since 2015. Joerg will remain a partner of the group, focussing on QSix Germany's strategic initiatives and leveraging his extensive experience, ...
Thursday, 29. February 2024

Knight Property acquires further site in Bellshill

UK - Knight Property Group has announced plans to speculatively develop a new £15 million facility on a vacant six-acre site at Belgowan Street in Bellshill, North Lanarkshire. The new development will be branded Delta 70, and subject to planning consent, will offer 70,000 sq ft of high specification industrial/logistics warehouse...
Thursday, 29. February 2024

Commerz Real acquires ensemble in Munich

Germany - In the framework of an individual mandate Commerz Real has acquired an ensemble comprising office and commercial buildings at Maximilianstrasse 12-14 and Falkenturmstrasse 5-7 in Munich's historic centre for a private investor. The seller is a subsidiary of the project developer Centrum. It was agreed that confidentiality be ...
Thursday, 29. February 2024