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Philippe Morisseau joins Savills Agency Team in France

Philippe Morisseau joins Savills Agency Team in France

France - Savills has recruited Philippe Morisseau as an associate director to strengthen its Paris-based office agency team. Morisseau has more than 15 years of corporate real estate experience and joins Savills from Keops, a subsidiary of Nexity Conseil & Transaction, of France's developers in commercial and residential real estate. ...
Wednesday, 17. January 2018
Krzysztof Czekalski joins the Industrial and Warehouse Team at Cresa Poland

Krzysztof Czekalski joins the Industrial and Warehouse Team at Cresa Poland

Poland - Krzysztof Czekalski, an expert with nearly 20 years’ experience in the property market, has joined global tenant-only real estate advisory firm Cresa in Poland as Technical Director within the Industrial & Warehouse Department.
Wednesday, 17. January 2018

Belfast office take-up come back to peak 2007 levels

UK - Despite all the economic uncertainties surrounding Brexit, Q4 2017 was the strongest quarter for the Belfast office market in two years, bringing the total take-up of office space for 2017 to 430,290 sq. ft. According to Savills Northern Ireland, this is the second consecutive year – post Brexit – of robust take up, with leve...
Wednesday, 17. January 2018

LaSalle sells Hitachi Distribution Warehouse in Milton Keynes

UK - LaSalle Investment Management has sold a distribution warehouse in Milton Keynes, let to Hitachi PowerTools Limited, for £6.05 million (c.€6.81 million), reflecting a 5.40% NIY. The 1980s unit is Hitachi Power Tools’ sole distribution centre in the UK, totalling 55,773 sq. ft. on a site extending to 6.04 acres. The site was ...
Wednesday, 17. January 2018
Legal & General builds Housing Team with the appointment of Sebastian Balcombe

Legal & General builds Housing Team with the appointment of Sebastian Balcombe

UK - Legal & General has hired Grainger’s Sebastian Balcombe, as it continues to invest in housing creation activities across the spectrum. Backing a fast growing pipeline of over 80,000 new homes over the next five to ten years, Legal & General is establishing housing capabilities across all tenures, delivering Build to Sell hous...
Wednesday, 17. January 2018
The Waldorf Astoria Edinburgh sold for £85m

The Waldorf Astoria Edinburgh sold for £85m

UK - Largest hotel sale in Scotland since 2015 and the largest single asset trade in the regional UK market in the last twelve months: Twenty14 Holdings, the hospitality investment arm of Lulu Group International, has completed a £85m (c.95.7m) acquisition of the Waldorf Astoria Edinburgh – The Caledonian.
Wednesday, 17. January 2018

3 St Paul’s Place singed deal with Idaq Networks

UK - The pioneering 3 St Paul’s Place in Sheffield will now boast some of fastest internet access in Yorkshire, following a 10-year deal with Idaq Networks. The deal enables Sheffield-based Idaq to house its network equipment on the roof of the 10-storey building in the heart of the city. This will provide the occupiers of this st...
Wednesday, 17. January 2018

Kielo acquires further office property in Jyväskylä

Finland - Kielo, managed by Brunswick Real Estate, has acquired a 17,000 sqm office property in Jyväskylä. The recently established Kielo has completed its third transaction, acquiring the office property Mattilanniemi 6-8 in Jyväskylä from Aberdeen Standard Investment. Mattilanniemi 6-8 is located in central Jyväskylä and comprise app...
Wednesday, 17. January 2018
Skanska sells two office buildings in Krakow

Skanska sells two office buildings in Krakow

Poland - Skanska has sold the first two buildings of the High5ive office complex in Krakow to the real estate fund manager Niam for €75 million (about SEK 720 million). The transaction will be recorded by Skanska Commercial Development Europe in the fourth quarter 2017, with the transfer of the property scheduled for the second quarte...
Wednesday, 17. January 2018

North Fish joins tenants of Ogrody Shopping Centre in Elbląg

Poland - North Fish, a restaurant chain specialising in fish and seafood dishes, is to open a new restaurant at the Ogrody Shopping Centre in Elbląg. The 75-square-metre restaurant will open its doors in spring. Cushman & Wakefield, the property manager of the scheme, has brought the tenant to Ogrody.
Wednesday, 17. January 2018
Octopus Property appoints Sean Deacon as Head of Core Credit

Octopus Property appoints Sean Deacon as Head of Core Credit

UK - Specialist property lender Octopus Property, part of the Octopus Group, has appointed Sean Deacon as Head of Core Credit, effective immediately, to support the company’s ongoing growth through its unique Lifecycle Lending proposition. An industry veteran with over twenty years’ experience of working in credit and risk, Sean w...
Wednesday, 17. January 2018

Kungsleden signes a lease agreement of 2 600 sq.m in Östersund

Sweden - Kungsleden has signed a lease agreement, covering 2 600 sq.m, with the Correctional Care Center concerning a new custody and probational facilities in Östersund. The lease agreement has been approved by the Government and a construction permit for the construction of a new building on the property Karlslund 5:2 has been appro...
Wednesday, 17. January 2018

Orchard Street makes £35 million Hermiston Retail Park acquisition

UK - Orchard Street Investment Management has acquired Hermiston Retail Park in Consett, County Durham on behalf of St James’ Place UK Plc for £35.31 (c.€39.77) million from Aviva Investors. The purchase price reflects a net initial yield of 6.25%. Hermiston Retail Park benefits from convenient transport links, occupying the easte...
Wednesday, 17. January 2018

Investment volume on German logistics property market sets new record in 2017

Germany - The German logistics property market has set a new record this year, according to the latest analysis by Realogis. With several deals still expected to close before the end of this month, the Realogis investment team estimates that the final investment volume for this year will be up to €8 billion. The rise of 77.7% compared ...
Wednesday, 17. January 2018

Native Land secures new financing deal for NEO Bankside commercial space

UK - Native Land has secured two new refinancing deals for NEO Bankside in London from the existing lender, Singapore’s OCBC Bank. The two new OCBC facilities, which have a combined value of £12.9m (c. €14.5 million) over five years, relate to NEO Bankside’s 11,200 sq ft of fully let retail units and its office building ‘The Pavil...
Wednesday, 17. January 2018

Elbit Imaging sells Radisson Hospitality Complex in Bucharest

Romania - Elbit Imaging Ltd, advised by JLL, has sold the Radisson Hospitality Complex in Bucharest to a joint venture between two international investment funds. The sale represents the largest ever hotel transaction by deal volume in Romania and among the largest recorded in Central Eastern Europe (CEE).
Wednesday, 17. January 2018
BNP Paribas Real Estate appoints three new members to its executive board

BNP Paribas Real Estate appoints three new members to its executive board

UK - To boost its growth and consolidate its position as a benchmark player on the European real estate market, BNP Paribas Real Estate has appointed three new members to its executive board, two of which are based in the UK.
Wednesday, 17. January 2018