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Cording RE appoints Paul Waggott as Fund Financial Controller

UK - Cording Real Estate Group has strengthened its UK private rented sector (PRS) team with the appointment of Paul Waggott as Fund Financial Controller. Reporting to Philip Gittins, Finance Director, Waggott will work in Cording’s UK finance team alongside the commercial and residential investment management teams. A particular ...
Tuesday, 21. August 2018

Scarborough disposes of £12.1 million office portfolio

UK - Scarborough International Properties Limited (SIPL) has completed the sale of two office buildings at Thorpe Park, Leeds to a Charitable Trust, for a combined price of £12.1 million (c. €13.5 million). The two, three storey Grade A buildings constructed in 2004, provide a combined total of 52,845 sq ft of offices with generou...
Tuesday, 21. August 2018

Dos Krausos signs long-term lease for warehouse in Port of Hamburg

Germany - Dos Krausos Logistik GmbH is already expanding its warehouse capacity. In a deal brokered by Realogis, the young company has signed a long-term lease with a renewal option for a cross-dock, ramp-accessible warehouse in the Wilhelmsburg district of Hamburg. The privately owned stand-alone property is situated on Ellerholzweg (...
Tuesday, 21. August 2018

Thomas Kempf appointed new Head of Newsec Property Asset Management in Denmark

Denmark - Newsec has signed Thomas Kempf as the new head of the Danish Property Asset Management business, Newsec Datea. Kempf leaves a role as COO at Coor Denmark. He will start his new job on 1 October and focus going forward will be on continuing the work with digitalizing the business and increasing efficiency.
Tuesday, 21. August 2018

Aareal Bank appoints Marc Oliver Hess as CFO

Germany - The Supervisory Board of Aareal Bank AG has appointed Marc Oliver Hess as a member of the Management Board, with effect from 1 October 2018. He will assume the function of Chief Financial Officer, which to date has been part of the role assumed by CEO Hermann J. Merkens, in addition to his other duties. Hess will additionally...
Tuesday, 21. August 2018

Schroder European REIT acquires three industrial properties for €20 million

The Netherlands - Schroder European Real Estate Investment Trust plc (SERE) has exchanged contracts to purchase three industrial assets for a total purchase price of €19.8 million, reflecting a combined net initial yield of 6.5%, with a weighted unexpired lease term of approximately 9 years. In Venray, SERE has acquired a freehold 15,290 sqm w...
Tuesday, 21. August 2018

Bonava sells 110 rental apartments in the Kivistö district of Vantaa

Finland - Bonava is selling a rental project in the Kivistö district of Vantaa to Icecapital Housing Fund IV Ky, with the transaction encompassing 110 rental apartments. The project is expected to be handed over to the customer and recognized in profit in the fourth quarter of 2019. The project is located close to the commuter line tra...
Tuesday, 21. August 2018

NCC to build 50 apartments for Danica worth SEK 520 million

Denmark - Danica Pension and NCC have entered into an agreement to build 50 apartments in Hellerup, just north of Copenhagen with an order value of approximately c. €579.5 million (SEK 520 million). Danica Pension acquired the land at Tuborg Syd from Carlsberg in December 2015, and is now the developer of these housing units on site in...
Tuesday, 21. August 2018

CBRE GI appoints Jeremy Plummer as global CIO and Sophie van Oosterom as CEO EMEA

The Netherlands - CBRE Global Investors has appointed Sophie van Oosterom as Chief Executive Officer EMEA and Jeremy Plummer as global CIO. Van Oosterom will lead the European arm of the investment manager, with €33.9bn under management (as per Q1 2018) in 15 countries across Europe. In addition to her new EMEA responsibilities, van Oosteromwi...
Tuesday, 21. August 2018

TK Maxx extends its lease for 2,445 sq.m of space at the Sarni Stok Shopping Mall

Poland - TK Maxx has extended its lease for 2,445 sq.m of space at the Sarni Stok Shopping Mall in Bielsko-Biała, with a renovation of the premises being scheduled for August of this year. Cushman & Wakefield is responsible for management and commercialisation of the mall. The Sarni Stok Shopping Mall icovers over 33.000 sq.m with 90 ...
Tuesday, 21. August 2018

Logicenters strengthens its position with 15 important agreements in H1 2018

Sweden - With 15 important agreements in place regarding acquisitions, leases and new developments, Logicenters strengthened its position on the Nordic markets in the first two quarters of 2018. Furthermore, Logicenters completed three properties and signed three letters of interest during the first six months of 2018. In total, the f...
Tuesday, 21. August 2018

CMA signs lease agreement for 113,000 sq ft at The Cabot

UK - In a move to forward its plans to relocate its HQ by 2019 and so save money for taxpayers, the Competition and Markets Authority (CMA) has signed a 15-year lease for 113,000 sq ft at The Cabot, Hine’s 455,000 sq ft office building in Canary Wharf, London, that will lead to significant savings in accommodation costs. The CMA e...
Tuesday, 21. August 2018

M7 acquires £70 million of retail warehouses for new fund

UK - M7 Real Estate has launched the M7 Real Estate Investment Partners VIII fund to target retail warehouse assets in the UK. M7 has made an initial acquisition of nine retail warehouse assets in the country for £69.9 million (c. €77.9 million) and is under offer to acquire a further asset for £7.6 million (c. €8.5 million). Thes...
Tuesday, 21. August 2018

HIH RE lets 6,500 sq m to The Office Group

Germany - HIH Real Estate GmbH has just let 6,542 sq m of office space at the “Oper46” property at Bockenheimer Anlage 46 in Frankfurt to The Office Group on a 15-year lease. The new tenant will set up its first branch in the country on the premises. With this lease signed, the entire lettable area of around 8,700 square metres at “Ope...
Tuesday, 21. August 2018

European logistics yield falls below 6% for first time on record

Global News - The overall European logistics yield dropped 14 bps to 5.95% in Q2 2018, the first time it has fallen below 6% since Cushman & Wakefield began consistently tracking the three main property sectors in 1992, according to the firm’s DNA of Real Estate report. All logistics markets monitored in Germany, Italy and Sweden recorded ...
Tuesday, 21. August 2018

Institutional investors focus increasingly on mezzanine investments

Global News - The interest of institutional investors in real estate debt as an independent investment asset class continues to increase. This trend is being observed by the FAP Group. On the one hand, this can be seen in the transactions that are carried out by FAP Invest as a platform for real estate debt investments. On the other hand, ...
Tuesday, 21. August 2018

Aviva Investors appoints Mark Meiklejon as Head of Real Assets Investment Specialists

UK - Aviva Investors has appointed Mark Meiklejon as Head of Real Asset Investment Specialists. Based in London, Meiklejon will lead a newly-formed Real Assets investment specialist team within Global Client Solutions and reports to Steven Blackie, Global Head of Product Strategy. He has over 18 years’ industry experience, and mos...
Monday, 20. August 2018