Running Deal

Trei Real Estate has disposed of a convenience center in Starnberg (Bavaria). The buyer, GRR Group, will add the property to its Article-8 fund, GRR Future Retail Properties 1. The transaction took the form of an asset deal. The two parties agreed not to disclose the selling price.

M7 Real Estate has agreed to sell a 42,000 sq m commercial building comprising warehouse and office space as well as development land in Westerstede, northern Germany, to Ammerland Molkerei, a dairy farm cooperative. The sale has been completed on behalf of Azure, a separate account mandate, which is close to being fully exited.

EFG Harris Allday is set to take up residence at 103 Colmore Row, after more than half a century in its current home.

CA Immo has successfully sold the ZigZag office building in Mainz. The new owner is Berenberg Real Estate, which acquired the building on behalf of an open-ended special real estate fund with focus on German real estate. According to Ca Immo, the sale took place above the book value as of June 30, 2023.

AXA IM Alts announces that Monte Rosa 91, a mixed-use, 80,000 sqm urban campus in Milan, is now 100% let following a major redevelopment delivered in June 2023.

Northern Horizon has acquired a portfolio of 15 healthcare properties for c. €75m for its fourth healthcare fund, Aged Care IV. The portfolio was acquired from eQ, the largest private social infrastructure owner and developer in Finland. The portfolio is regarded as one of the highest quality care home portfolios ever sold in...

S Immo AG successfully concluded the disposal of the Eurocenter office building in Zagreb, Croatia. In addition to offices, the Eurocenter also includes a bank branch and a café and has a gross lettable area of around 9,000 m². The transaction of the centrally located and well communicated mixed use office building in Miramar...

Wihlborgs will build a new school for the privately owned Nordsjællands Grundskole & Gymnasium in Hørsholm, north of Copenhagen, with room for 1,500 students and employees. The detailed development plan has been adopted by Hørsholm Municipal Council, which means that the project can commence.

Burstone Europe has completed a major 46,000 sqm lease regear to Geodis at its single-tenant Grade A warehouse in Carpiano, Milan.

A food bank, a powder coating company and a firm providing airport support services have agreed a trio of deals on industrial units in Bedfordshire. Kirkby Diamond acted on behalf of private owners in all three deals.

CPI Property Group reports the signing of a binding agreement for the sale of approximately 84% of the shares of Remontées Mécaniques Crans Montana Aminona (CMA) SA, the company owning and operating the Crans Montana ski lifts, as well as several assets and properties relating to the on-mountain activities, including restaura...

Savills Investment Management (Savills IM) has sold a logistics warehouse portfolio consisting of three freehold assets in Borås, Ljungby, and Halmstad in Southern Sweden, on behalf of its Nordic Logistics Fund. Niam acquired the portfolio, establishing their new Nordic Logistics Portfolio. The purchase price was not disclos...

International Workplace Group expands its footprint in Budapest and Debrecen with the additon of two new workspaces planned for 2024.

Greystar Real Estate Partners has agreed to acquire a purpose-built student accommodation site at the Madrid Autonomous University’s (UAM) Cantoblanco Campus from TPG and Urbania.

CTP has signed a 10-year lease for 21,000 sqm at CTPark Gdańsk Port with major Polish cargo operator Morska Agencja Gdynia.

When Wihlborgs’ Vista office building is complete at the end of 2025, Mercedes-Benz Sverige and Mercedes-Benz Finans Sverige will move in to a total of 2,100 m². The agreement with Mercedes-Benz Sverige encompasses 1,400 m² and the agreement with Mercedes-Benz Finans Sverige 650 m².

Orchard Street Investment Management has agreed a letting with Arm at 10 Templeback, Bristol. With its headquarters in Cambridge and other UK hubs including Manchester and Sheffield, Arm’s new office marks further expansion in the UK and is the company’s first office in the South West.

Panattoni had developed 21,700 sqm in Zgierz for Regesta. The logistics operator is to start using around 16,000 sqm already this year, after which it is planning to expand by a further 5,670 sqm in the first half of 2024. Newmark Polska represented the tenant during the negotiations.