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Tishman Speyer today announced two further deals. The company has completed the sale of their £500m Verde office block in Victoria, SW1. Purchaser of the mixed-use property in London’s West End is Deka Immobilien. At the same time, the asset manager has acquired the German „Bürohaus an der Alten Oper“, a trophy asset with val...
The St David’s Partnership, owners of St David’s in Cardiff has revealed that international fashion label, Bershka, has selected St David’s for a new 11,190 sq ft store, a first for the brand in Wales.
Havelock House, the former headquarters of UTV, Northern Ireland’s largest commercial television broadcaster for almost 60 years, has been acquired by UK development firm, Olympian Homes. The sale was handled by Savills Northern Ireland.
Renger Investment Management (RIM) continues its cooperation with Corum Asset Management in its expansion into the Nordic real estate market. Corum AM has, on behalf of its fund Corum Convictions SCPI, acquired a portfolio of 6 hotel assets across Finland. Vendor is CapMan Hotels RE Ky.
Today, Tishman Speyer announced large volume two deals. Just last week, the company announced the sale of the office tower Omniturm for an estimated € 700 million Now, the company has acquired the German „Bürohaus an der Alten Oper“, a trophy asset with value-add potential for its own, new German investment management platfo...
The KanAm Grund Group has set up a new real estate fund for institutional investors, and within less than two months has purchased properties worth over €130 million for it. The KanAm Grund European Cities fund, which was set up especially for a northern German pension fund, has by now acquired office buildings in the City of...
HPPUT has purchased the freehold interest in 76 King Street in Manchester from Aprirose for £18.25 million (c. €20.6 million). The city centre building comprises two ground-floor retail units and four upper floors of offices, providing a total of 41,414 sq ft of space. The property is fully let, with tenants including service...
NCC is purchasing a property from ICA Fastigheter with approximately 50,000 square meters of development rights for offices, retail and a hotel. NCC has also signed 15-year leases for approximately 20,000 square meters. The property is located adjacent to the Bromma Blocks shopping area at the entrance to Bromma Airport.
Wihlborgs has signed an agreement for the acquisition of the Nya Vattentornet 3 property in Lund with a lettable area of 21,700 m², comprising primarily office space. The property is located in the Ideon area in Lund and, in addition to offices, also encompasses a multistorey car park with 600 spaces and development rights fo...
Neways Chartered Building Company is the first company to relocate to a newly developed £2.5m (c. €2.8m) Sheffield business park. The speculative investment at Winston Business Park by owners L&T Grayson Investments Ltd, prompted the move by Neways, which started as a small, family business back in 1971 and has grown to becom...
Hammerson's Morphe Cosmetics brand is to open its first store outside of London and second in the country at the Bullring Estate, Birmingham’s iconic shopping destination comprising Bullring, Grand Central and Link Street. The US make-up brand will take a 3,300 sq ft unit on the middle level of the Bullring, alongside fashio...
UK Commercial Property REIT Limited (UKCP REIT) has acquired the M8 Industrial Estate near Glasgow from Grayling Capital for a headline price of £24.6 million (c. €27.7 million), based on a topped up net initial yield of 5.9%. The acquisition is being funded through existing cash resources. M8 Industrial Estate, comprises 20 ...
Grossfeld PAP has sold a new 10,500 sq m office building located on Ban de Gasperich, Luxembourg, to Intesa Sanpaolo Holding International. The seller was advised by Savills Luxembourg. The building is to be developed and will be delivered by mid-2021. It will function as Intesa’s new headquarters in Luxembourg and will house...
TH Real Estate, on behalf of Warburg-HIH Invest Real Estate (Warburg-HIH Invest), just sold a retail property with a gross lettable area of 5,860 square metres in the Italian city of Bologna on behalf of its “Pan-Europa Fonds Nr. 3” investment fund. The sale was brokered by TH Real Estate. The Gran Reno Retail Park was raised...
LPP S.A., one of the fastest growing clothing companies in the CEE region and the owner of brands such as Reserved, Cropp, House, Mohito and Sinsay, has leased nearly 2,400 sq m in the state-of-the-art Opera Office in Gdańsk. The development is owned by Benson Elliot and Sharow Capital and is now again fully leased. Advisory ...
The investment company Aik has expanded its portfolio with a modern office and medical centre in the west of Munich. The multi-tenant property was acquired as part of an asset deal for the special AIF ApoReal International, whose investor base now includes 23 nationwide institutional investors. The seller of the property is t...
Segro Logistics Park in Krefeld-Süd is now almost fully let by owner company Segro. The new tenant of the nearly 6,000 m² warehouse space is Digitec Galaxus Deutschland GmbH, a subsidiary of Digitec Galaxus AG from Switzerland. „The convenient location with direct access to the motorway makes the Logistics Park Krefeld-Süd an...
The Babcock Pension Fund VVaG has added its direct holdings to special AIF Magna Babcock Select, which is managed by the Magna Asset Management AG. Six properties changed hands as part of an asset deal, including residential, office and commercial properties in Oberhausen, a residential and office property in Mülheim and an o...
