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Muir Group acquires Glasgow development site

UK - Muir Group has purchased the remaining development land at Glasgow Business Park in the largest commercial land deal in West Central Scotland over the past six months. The 26 acres of development land front the M8 at Junction 9 and forms part of the 72 acre business park well known to commuters due to Andy Scott's iconic Heav...
Wednesday, 21. February 2018
Grainger plc appointes Mike Keaveney as Director

Grainger plc appointes Mike Keaveney as Director

UK - Grainger has appointed Mike Keaveney as Director of Land and Development. Mike Keaveney has over 29 years of hands-on real estate and development experience. His expertise includes management of complex residential-led mixed use developments across the whole development lifecycle from identification and acquisition through to...
Wednesday, 21. February 2018

New tenants in Griffin Premium RE..-owned buildings

Poland - Griffin Premium RE has secured new tenants for the mixed-use complex Koszyki as well as Bliski Centrum and Company House I in Warsaw. At the same time, the main tenant in Lódź-based office complex Green Horizon has extended the occupied space. The anchor tenant Infosys Poland has extended the occupied space by additional 2,00...
Wednesday, 21. February 2018
Scarborough secures 26,290 sq ft letting to Spaces at Acero

Scarborough secures 26,290 sq ft letting to Spaces at Acero

UK - Scarborough International Properties Limited (SIPL) and its joint venture partner Metro Holdings of Singapore (Metro) have secured flexible workspace provider, Spaces, as a tenant at Acero, their new Grade A office development at Sheffield Digital Campus. Spaces has taken a 20 year lease on 26,290 sq ft on the ground and fift...
Wednesday, 21. February 2018

Grosvenor sells Helsingborg asset to Invesco Real Estate and Scius Partners

Sweden - Grosvenor Europe has completed the sale of a prime retail asset in Helsingborg, southern Sweden, on behalf of a Grosvenor-managed fund for an undisclosed sum. The property has been sold to Invesco Real Estate, who has acquired the asset through its local partner in the Nordics, Scius Partners. “We have a positive outlook on ...
Wednesday, 21. February 2018
Schroder European REIT aquires Netherlands data centre for €20 million

Schroder European REIT aquires Netherlands data centre for €20 million

The Netherlands - Schroder European Real Estate Investment Trust (SERE) has completed the acquisition of a data centre in Apeldoorn forapproximately €20 million. The acquisition reflects an attractive net initial income yield of 10%. SERE has now fully deployed all of its capital currently available for investment in a ten asset portfolio, loc...
Wednesday, 21. February 2018
Global engineering firm swoops on Condor Quay unit

Global engineering firm swoops on Condor Quay unit

UK - A global engineering firm has taken a 4,038 sq ft industrial unit at East Quay in Bridgwater following a deal brokered by Bruton Knowles. Unit 2 Condor Quay is close to the A38 and the M5 and includes a warehouse, ground and first floor offices and a first floor mezzanine. Unit 2 Condor Quay is a refurbished end terrace indus...
Wednesday, 21. February 2018
Pom+Consulting appoints Rebekka Ruppel as new head of operations

Pom+Consulting appoints Rebekka Ruppel as new head of operations

Germany - Pom+Consulting AG has repositioned its business in Germany with the appointment of Rebekka Ruppel to head its German operations. Ruppel, a qualified civil engineer, has worked for Pom+ since 2014 and her new role will involve the support of based German clients in the development of digitisation strategies. Based at the firm'...
Wednesday, 21. February 2018

Publity makes €11.2 million annual profit in 2017

Germany - Publity AG has reported provisional, not-yet audited framework data for the financial year 2017. The report period was characterised by the unexpected postponement of property sales and the slower speed of property acquisitions for clients caused by market conditions. Sales and the results were accordingly below original expe...
Wednesday, 21. February 2018
Invesco Real Estate delivers new project of 383 Built-to-Rent units in Liverpool

Invesco Real Estate delivers new project of 383 Built-to-Rent units in Liverpool

UK - Invesco Real Estate has partnered with Patten Properties and Panacea Property Development, the nationwide residential developers, to deliver 383 BtR units in Liverpool City Centre, in the North West of England. The forward-funded development was acquired for c.£86m (c. €97.58 million) for Invesco’s residential strategy and i...
Wednesday, 21. February 2018
Hamburg: Signa receives bid for Billions development Elbtower

Hamburg: Signa receives bid for Billions development Elbtower

Germany - Finale and Overture at the same time: The Elbtower represents both a culmination of the HafenCity development and, at the same time, the prelude to the entrance into Hamburg’s city center and the future urban development areas Billebogen and Grasbrook. Just under a year after the first announcement for Hamburg's skyscraper pl...
Tuesday, 20. February 2018
WeWork moves into former MTV building at Berlin Osthafen

WeWork moves into former MTV building at Berlin Osthafen

Germany - The co-working provider WeWork has leased another location in Berlin: The strongly expanding company has leased 7,600 m² in the former MTV building on Berlin's Osthafen in order to continue its expansion plans in the capital. With the new lease, WeWork continues to drive forward its expansion plans in the German capital. It i...
Tuesday, 20. February 2018

PGIM Real Estate Finance provides nearly $15 billion in financing in 2017

Global News - PGIM Real Estate Finance originated $14.8 billion (c.€11.97bn) in financing in 2017 led by production in multifamily and industrial lending. The company also announced it has as much as $15 billion (c.€12.13bn) available for financing in 2018 and will look to target growth in international markets, agency business on the West...
Tuesday, 20. February 2018

Teddy Sagi adds Bupa House in Holborn to his £2 bn portfolio

UK - Teddy Sagi has the cash purchase of Bupa House in Holborn. The purchaser is LabTech Investments, Teddy Sagi’s privately owned technology and property co-working company. Bupa House on Bloomsbury Way, London, WC1 is a 9 storey building covering 82,000 sq. ft. It was the historic home of the Bupa Health insurance company, which...
Tuesday, 20. February 2018

Ambassador and ICG-Longbow JV passes £100m following Glasgow buy

UK - Ambassador LB Holdings LLP has just completed the acquisition of its 5th investment, taking total capital committed by the JV to the Scottish commercial property market over the past year to £100 million (c.€112.7 million). ICG-Longbow has provided both debt and equity funding, with Ambassador Group taking on the role of asse...
Tuesday, 20. February 2018

Irwin Mitchell appoints six Real Estate Associates promotions

UK - Law firm Irwin Mitchell has six of its employees within its national Real Estate team have been promoted to either associate or senior associate. Clare Davitt from the Leeds office has been promoted to senior associate whilst Emily Sinclair (Sheffield), Daniel Woolnough (Sheffield), Polly Hooper (London), Vanessa Horn (Gatwic...
Tuesday, 20. February 2018
Piotr Myszka joins EPP team

Piotr Myszka joins EPP team

Poland - Piotr Myszka has just joined EPP as Construction Director. His responsibilities include management and supervision over investments related to expansion and rebuilding of shopping centers and office properties from EPP’s portfolio or being considered as the company’s acquisition targets.
Tuesday, 20. February 2018
International Campus expands in CEE

International Campus expands in CEE

Czech Republic - International Campus AG is continuing its growth in Europe and expanding into the Czech Republic. In a joint venture with the Czech developer Karlín Group, International Campus has acquired a development in the Holešovice district of Prague with 529 high-quality apartments for students. It has been agreed not to disclose the ...
Tuesday, 20. February 2018