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Global News - W. P. Carey is spinning off a large majority of its office portfolio in the US and Europe into a separately listed REIT called Net Lease Office Properties (NLOP).
The Netherlands - Breakthrough Propertie has reached an agreement with Neogene Therapeutics to develop its new European headquarters within the campus of the Amsterdam University Medical Center (Amsterdam UMC), one of Europe’s leading medical institutions.
Germany - The market situation is difficult, and this is also reflected in the half-year figures of The Grounds Real Estate Development AG. The group achieved sales revenues totalling €16.2 million in the first half-year of 2023 (H1 2022: €21.4 million). The group loss amounts €1.1 million.
Germany - Tishman Speyer has acquired a housing project with 88 unit in Grenzach-Wyhlen, near Basel. The seller was Dutch developer Ten Brinke. The project, secured in a forward deal, will become part of an open-ended Special Fund.
UK - Stoford has completed construction of a new state-of-the-art factory in Hampshire on behalf of international stairlift manufacturer Stannah. The new 90,000 sq ft building has been developed in a prominent position, fronting Andover Business Park off the A303 in Andover.
The Netherlands - Aukera Real Estate AG has concluded a senior secured financing for a property in the Netherlands. After refinancing a Dutch portfolio of more than 65 properties just a few weeks ago , the Aukera Real Estate Debt Lux. fund, structured as a Luxembourg S.C.A. SICAV RAIF, this time refinanced a development near completion with 53...
Germany - Picnic has leased a new branch for last-mile delivery in Wiesbaden since mid-August. The free-standing property comprises 2,700 m² of hall space and 300 m² of office space. The lease for the building, located right by the A671 and A66 motorways, was concluded in cooperation with Realogis. Its owner is Casaplan Seeliger GmbH.
The Netherlands - Dalata Hotel Group has agreed contracts with Zien Group, to acquire the entire issued share capital of American Hotel Exploitatie BV, which holds the operational lease of the Hard Rock Hotel Amsterdam American.
Czech Republic - Heimstaden Bostad, through its subsidiaries Heimstaden Czech s.r.o and Heimstaden Czech Pilsen s.r.o, has secured a sustainability-linked bank financing of €700 million.
Germany - Swiss Life Asset Managers is expanding its development portfolio with the acquisition of a 47,000 square metre site in Altusried in the Allgäu region. On this site, a modern logistics property with a rental area of more than 30,000 square metres will be built.
Sweden - On 1 November, the growing company Svensk Foodservice is moving to Rubinen 1 in Väla södra in Helsingborg. At the same time, the produce company GGB Fruit is moving to the same property, which means that total lettings at the property amount to approximately 2,400 square metres.
UK - A Middle Eastern investor has completed on the £20m (NIY 6%) off-market purchase of The Stables, Britannia Street, a period office building a short walk from King’s Cross station. Allsop advised in the deal.
Poland - Popeyes is to open its first Warsaw restaurant in Złote Tarasy on 21 September. The fast food chain from Louisiana is the seventh new tenant to come to Złote Tarasy in 2023 after such brands as Lush, Candy Pop, and Hugo. Cushman & Wakefield, which is responsible for the re-commercialisation and property management for the sch...
The Netherlands - Prologis Park Eindhoven DC4 in the Netherlands, completed in 2020, has met and surpassed its net-zero energy goals, securing a Zero Carbon certification from the International Living Future Institute and becoming the world's first industrial building to get this certification. ILFL’s Zero Carbon certification means the Eindho...