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Vinci St. Modwen, St. Modwen's 50/50 joint venture with Vinci, completed on the €514.56 million (£470 million) sale of its interest in the 10-acre Nine Elms Square site in London, following an exchange of contracts announced on 21 June 2017.
Schroder UK Real Estate Fund (SREF) has completed the purchase of a portfolio of self-storage assets, comprising over 230,000 sq ft, from The Self-Storage Company, for over €48.2 million (£44 million). The deal, which comprises five properties situated around London and the M25, also sees SREF acquire the intellectual propert...
UBS Asset Management's Real Estate & Private Markets (REPM) business has completed the acquisition of Quartermile 2, a prime office building located in the new Quartermile development in Edinburgh, Scotland for circa €31.2 million (£28.5 million), representing a yield of 5.4%. The asset was acquired on behalf of a separate ac...
Union Investment has sold an office portfolio comprising five individual properties close to Brussels International Airport, which were held in its open-ended real estate fund Unilmmo: Europa. The five properties are located on Da Vincilaan in the Corporate Village business park and offer total rental space of approximately 6...
Warsaw office of Echo Investment and EPP have been moved to the Q22 office building located at the junction of Jana Pawła Avenue and Grzybowska Street. Echo will occupy part of the 35th floor in the 155-metre skyscraper, it will share it with EPP. The Q22 office building, which was developed by Echo Investment and put into op...
Shoreditch Village has announced the signing of Mamarosa, expanding the restaurant from its pioneering location beneath the prestigious 5-star W hotel in Barcelona and debuting it in the UK. The new two-storey 1,950 sq ft Italian and Mediterranean fusion restaurant will be positioned adjacent to the citizenM boutique hotel an...
LGIM Real Assets (Legal & General) has secured a major pre-let with The UK Government following its acquisition of India Buildings in Liverpool from Shelborn Asset Management. The letting will see HMRC become a large employer in the city, helping to facilitate significant economic growth in the northwest city.
LXi REIT has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Essex and Somerset. The purchase price for the portfolio is €10.10 million (£9.2 million), reflecting a net initial yield of 6.0% (net of acquisition costs).
Hammerson and Standard Life Investments announce that contemporary designer Orla Kiely is due to open a new pop-up store at Brent Cross in North London. This will be the first shopping centre store for the Dublin-born designer. Due to open in August 2017, the pop-up will run for six months, taking a 2,074 sq ft store in mall ...
A private client of Avison Young has sold the virtual freehold of an industrial property in Mitcham, London to a private investor for €4.65 million (£4.25 million), representing a net initial yield of 5.19%. The property, which lies within the Mitcham Industrial Estate, is a detached industrial unit totaling 29,109 sqft (2,70...
Avison Young has sold the freehold of an industrial property on Bloxwich Lane, Walsall, West Midlands to AEW for €3.21 million (£2.935 million), reflecting a net initial yield of 8%. Bloxwich Lane is a well-established industrial area 2 miles north of Walsall, with good access to the A454 Wolverhampton Road. It lies half a mi...
Intervest Offices & Warehouses pursues its international growth in the logistics real estate sector and acquires a distribution centre. The newly-acquired distribution centre in Raamsdonksveer in North Brabant has a leasable surface area of 20.500 m² and is under a long-term lease with furniture and home decoration retailer L...
Hotel Chocolat has chosen Dundrum Town Centre by Hammerson to open its first café store in Ireland. The new, 102 sq m café store at Dundrum marks an all-important first for Hotel Chocolat in the Irish market, and will offer the centre's shoppers its full range of exclusive chocolates as well as the brand's own café. Due to op...
La Française Real Estate Partners International has acquired, on behalf of two La Française collective real estate investment vehicles, a six story office building from Deutsche Asset Management.
The Board of Lxi REIT has acquired the freehold interest in two Priory Group care homes in Northern Ireland and exchanged contracts to acquire a third Priory Group care home for a total portfolio consideration of €16.3 million (£14.9 million), reflecting a net initial yield of 6.5% (net of acquisition costs). Each of the prop...
Old Amersham Hotels has added boutique-style Number Four at Stow in Cheltenham to its portfolio. The contemporary Cotswolds hotel has stylish accommodation comprising 18 air-conditioned bedrooms, suites and a family room. Other facilities include acclaimed restaurant Cutler’s, a meeting suite, and well-tended gardens.
Pbb Deutsche Pfandbrief-bank provided an investment facility of €66 million to the open-ended fund ČS nemovitostni fond. It is managed by Reico investiční společnost České spořitelny, a.s. ČS nemovitostni fond will use the proceeds for the acquisition of the newly built Proximo I office building in Warsaw from developer and v...
Spaces will be opening a hub in Reading. The company has taken 3576 sq m of space in 9 Greyfriars, a new, energy efficient office building at the heart of Reading town centre. Spaces provides creative working environments which are designed to integrate lifestyle into work. The new Reading site is designed to meet the varied ...
