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Deutsche EuroShop in line with forecast

Germany - The shopping center investor Deutsche EuroShop recorded net operating income (NOI) of €100.5 million in the first half of 2018, almost matching the rise in revenues of 5.5 % year on year to €111.6 million. EBIT climbed by 6.0 % to €98.0 million. This growth was attributable in the main to the Olympia Center in Brno, which has...
Wednesday, 15. August 2018

Frankfurt top city in new index for hotel investors

Germany - Frankfurt, the eurozone financial capital, is the stronger performer of the 20 cities surveyed for the full year’s results of the Hosted Accommodation Investment Returns Index (HAIRI). The West German city showed both strong Capital Return Index rankings and strong Income Return Index rankings giving it a double-digit Total R...
Wednesday, 15. August 2018

Pilängen Logistik divests XXL’s logistics centre in Örebro to Aberdeen Standard

Sweden - Pilängen Logistik AB has today divested XXL’s logistics centre located in Örebro to Aberdeen Standard Investments for around SEK 400 million (c. €38.5 million). The logistics centre, which comprises approximately 43,000 square metres, is fully let to the leading Norwegian sports retailer XXL with over 10 years remaining lease...
Wednesday, 15. August 2018

Gekko Group signs long-term lease in 160 Park View, Frankfurt

Germany - RFR and Hines have signed a long-term lease with the Gekko Group at 160 Park View, a residential and hotel project in Frankfurt's Westend district. The group will operate the Roomers Park View in the 19-story hotel tower. The hotel, located at Grüneburgweg 102, is scheduled to open at the end of 2020. In the adjoining 160 Par...
Wednesday, 15. August 2018

Round Hill Capital appoints John Vaudin as Managing Director, Ireland

Ireland - Round Hill Capital have appointed John Vaudin as Managing Director, Ireland. Vaudin will lead the expansion of Round Hill Capital’s business in the country with responsibility for spearheading the group’s investment, development and operational strategy, helping to deliver on the group’s ambitions across Ireland. Vaudin is a ...
Wednesday, 15. August 2018

Cain International injects £400m into Fortwell Capital

UK - Cain International has acquired a majority stake in Fortwell Capital and provided £400m (c. €449m) of investment capital to the real estate lender. The deal represents one of the largest injections of capital into a UK alternative real estate finance firm, fund or platform so far this year. The news follows on from the announ...
Wednesday, 15. August 2018

DIOK appoints Markus Drews to the Management Board

Germany - The Supervisory Board of Diok RealEstate AG (DIOK) has appointed Markus Drews as an additional member of the company’s Management Board. Drews has many years of experience on the capital and real estate market. From 2002 to 2012, he was Head of Transactions at the listed company Colonia Real Estate AG, which was later acquire...
Wednesday, 15. August 2018

Plans for quality resi development approved for the Groves in York

UK - Plans have been approved for a quality residential development on the site of the former Grove House care home in Penley’s Grove Street, York. Easingwold-based developers Caedmon Homes had submitted proposals for 29 apartments, with prices ranging from £120,000 (c. €134.700) to £450,000 (c. €505.200). The one, two and three-b...
Wednesday, 15. August 2018

Gaw Capital JV acquires Spanish boutique hotel brand Hospes

Spain - Hong Kong-headquartered realty private equity firm Gaw Capital Partners has acquired a 50% stake in Hospes Hotel Group, a Spanish boutique hotel brand. For the acquisition the company has formed a joint venture with investment firm Omega Capital. The cost of acquisition was not disclosed.
Wednesday, 15. August 2018

Hamborner REIT increases rental income by 15.4%

Germany - Hamborner REIT AG publishes its half-year financial report. Income from rents and leases amounted to €41.3 million in the first half of the year and was therefore up by 15.4% year-on-year. The rental income from properties that were in Hamborner's portfolio in both the first six months of 2017 and the reporting period (like-f...
Wednesday, 15. August 2018

Lion's Head Investments completes Megapark acquisition in Sofia

Bulgaria - Robul, Universale International Realitaten and CA Immo has complete the biggest office investment deal in the last years in the Bulgarian capital. Lion's Head Investments, a joint-venture between Old Mutual & AG Capital, has acquired the Megapark business centre, which is with 45,000 sqm one of the largest office buildings in...
Wednesday, 15. August 2018

Kennedy Wilson makes two key appointments

Global News - Kennedy Wilson has promoted Mary Ricks to President of the company and named Peter Collins President of Kennedy Wilson Europe. As new president, Ricks will oversee the company’s European operations as well as responsibility to help grow the investment portfolio. Additionally, she will have responsibility for raising global fe...
Wednesday, 15. August 2018

BAM appoints Sven J.J. Van de Wynkele as Director Human Resources

The Netherlands - The Executive Board of Royal BAM Group nv has appointed Sven J.J. Van de Wynkele as Director Human Resources with effect from 20 August 2018. Van de Wynkele will succeed Rob Zuidema, who has accepted a position outside the Group. Van de Wynkele has extensive international expertise in human resources and in business transform...
Wednesday, 15. August 2018

REM appoints Matt Peaty as Head of Health and Safety

UK - Real Estate Management (UK) Limited (REM) has appointed Matt Peaty as Head of Health and Safety. Peaty will be responsible for driving health and safety best practice across REM’s portfolio of Park House, 48 Pall Mall and Shard Quarter, which includes The Shard, The News Building and the new residential building currently und...
Wednesday, 15. August 2018

SSM’s The Tube project in Ursvik and Turbinhallen project in Järla Sjö both sold out

Sweden - SSM Holding AB’s The Tube project in in Ursvik (Sundbyberg) and Turbinhallen project in Järla Sjö both are now sold out. Tenants of The Tube project, which comprises 50 cooperative apartments, gained access to their new homes and moved in during the first half year 2018. SSM’s Turbinhallen project, which is made up of 205 coo...
Wednesday, 15. August 2018

Sheffield's Westfield House secures Bluestone Credit Management as first tenant

UK - The Westfield House, a high-profile city centre office block adjacent to Sheffield's Heart of the City phase II development has secured Bluestone Credit Management as its first tenant. The office block on Charter Row is owned by Westfield Health and provides 80,000 sq ft of high specification city centre offices over eight fl...
Wednesday, 15. August 2018

Huddinge Municipality plans to develop Stockholm South Business District in Flemingsberg

Sweden - Huddinge Municipality and a consortium of several real estate businesses signed a letter of intent to develop central parts of Flemingsberg to form an international business district. This decision is the first step in achieving the vision of transforming Flemingsberg from a regional centre into an international business and ...
Wednesday, 15. August 2018