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Revcap and Cobbleyard Real Estate divested a logistics property located at Niittytie 12 in Koivuhaka, Vantaa. The 6,400 sqm last-mile warehouse is single let with a long-term lease. Avance advises Cobbleyard Real Estate and its sponsors in the divestment of the warehouse property.
Phoenix Spree Deutschland has sold of a multi-family property and further sales of condominiums in Berlin. Proceeds from these asset sales will be used to repay debt and for investment in the condominium portfolio in order to prepare assets for sale.
Immofinanz is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been successfully sold to an Austrian real estate investor. According to Immofinanz, the sale was above book value.
Louvre Hotels Group and the Courbet Group are continuing their collaboration with the signing on March 14, 2024 of a new Kyriad hotel in Cannes under a franchise agreement. The two groups had already announced a few days ago their partnership for the opening of a Hosho brand vocational hotel.
Palais Hansen, located on Vienna's Schottenring, was sold as part of a multi-million euro deal. UBM (33.57%) and Warimpex (9.88%) have sold their shares. New owner is the insurance Wiener Städtische, which now holds 100 percent.
Harworth Group to announce the letting of c. 20,400 sq. ft of Grade A space at Gateway 36 in Barnsley, a major hub for logistics and manufacturing in Yorkshire totalling 127 acres.
Helical and Ashby Capital have let the eighth floor comprising 15,484 sq ft of best-in-class office space at The JJ Mack Building, 33 Charterhouse Street, EC1 on a 15 year lease to Three Crowns. The firm plans to relocate from its existing offices at New Fetter Place in early 2025.
LIP Invest acquires a mechanized DHL parcel delivery base in Oer-Erkenschwick, Schüttacker 25, for its „LIP Real Estate Investment Fund – Logistics Germany III“ funds. LIP reached an agreement with the seller, Lütkenhaus Immobilien GmbH, in an off-market transaction.
Publity AG as asset manager has sold an office property in the port city of Wilhelmshaven. The property has a total rental area of over 4,000 square meters and is let to the port operator JadeWeserPort. The remaining lease term (WALT) in the property is 9.4 years. The modern office building is in an attractive and central loc...
Touchwood shopping centre is approaching full occupancy following the arrival of Oliver Bonas at the Solihull destination. The fashion, jewellery, homeware and gifts brand has taken a ten-year lease of unit 26 within the Mill Lane Arcade area of the scheme, totalling 3,015 sq ft. The latest letting brings Touchwood to 98.5% l...
SSK Assets has acquired a 12,518 sq ft retail unit at Eastern Avenue, Lichfield, for an undisclosed sum from Lidl GB Ltd. Currently occupied by The Salvation Army Trading Company Ltd on a 10-year lease, the former purpose-built supermarket has 61 parking spaces and attracts an annual rental income £120,000.
Commerz Real and Unibail-Rodamco-Westfield can look back on a successful fourth quarter in 2023. Europe's largest shopping centre, Westfield London with a total area of 255,000 square metres, secured numerous new leases and lease extensions together amounting to more than 19,000 square metres. One of the most prominent new le...
The international law firm CMS and the European Investment Bank (EIB) have rented office space in the newly renovated Palác Dunaj building on Národní třída. The total occupancy has now reached almost 80%. Only one floor of offices and retail units on the ground floor of the building remain vacant, though negotiations with pot...
The Numa Group is expanding into the UK market. With its first property in London, the group has partnered with New World Hospitality Group to continue its strong growth in Europe.
Real I.S. AG has acquired the office property K-Tower in Lisbon for its open-ended retail property investment fund Realisinvest Europa. Seller is the family-owned developer Krest Real Estate Investments. The parties have agreed not to disclose the price of the deal.
AtlasEdge announces the completion of a key acquisition in Vienna, marking its entry into the Austrian market. The acquired site, currently part of the Siemens Campus in Vienna-Floridsdorf, houses an existing data centre, with expansion space to become a 10MW facility. The site will be technically and physically separated fro...