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» Chronological View: " Running Deal " «

AXA IM - Real Assets acquires office property in Washington

AXA Investment Managers - Real Assets has completed, on behalf of a client, the acquisition of 1401 New York Avenue, a 210,000 sq ft office asset located in Washington, DC's East End submarket from Heitman and Minshall Stewart Properties. AXA IM - Real Assets completes acquisition of a majority interest in the property alongs...
Tuesday, 16. January 2018
Union Investment acquires logistics property in Hanover

Union Investment acquires logistics property in Hanover

Union Investment has acquired a logistics property to the east of Hanover. Situated on Hägenstraße and let on long-term leases, the property consists of a new build and an existing unit and offers total rental space of 28,400 sq m. The new build was completed in summer 2017 and is let to Delticom, an online retailer of tyres,...
Tuesday, 16. January 2018

Legal & General bags Stafford retail investment as final UK PIF II aquisition

LGIM Real Assets, on behalf of its second UK Property Income Fund, has exchanged contracts to acquire Riverside Retail Park in Stafford from LBX Retail Properties for a total consideration of £36.8m (c.€ 41.4m), reflecting a net initial yield of 6.8%. This acquisition marks the final acquisition for UK PIF II. As part of a li...
Tuesday, 16. January 2018
M7 secures new lettings to fully let its Portuguese portfolio

M7 secures new lettings to fully let its Portuguese portfolio

M7 Real Estate has agreed a number of new lettings across its circa 22,000 sq m Portuguese light industrial portfolio, bringing the total occupancy to 100% and increasing the average lease length by 45% to 2.62 years. The portfolio, which comprises two industrial parks in the Greater Lisbon area, was acquired by M7 in a joint...
Tuesday, 16. January 2018

M&G Real Estate signs new deal at City of London office with UK ernergy producer

M&G Real Estate has signed a new deal with one of the UK’s leading electrical power generating companies at Alder Castle on Noble Street in London’s square mile. The energy production company has signed a new 10-year lease to take 13,000 sq ft of office space in this recently refurbished central London building. The news foll...
Tuesday, 16. January 2018
Davies Group lets 5,100 sq ft at Central Park

Davies Group lets 5,100 sq ft at Central Park

Yorkshire claims management firm the Davies Group has taken 5,100 sq ft of quality office space at the popular Central Park development in Leeds. The group has signed a ten-year lease at a rent of £12.50 (c.€14.07) per sq ft at Central Park, which is owned by development and investment company Squarestone.
Tuesday, 16. January 2018

CNP Assurances is investing in Finland with an office property in Helsinki

CNP Assurances entrusted real estate group Hines with the task of acquiring a new-build office property in Helsinki, Finland. This marks the Group and Hines' first step in Finland. Kasarmikatu 21 is a new office property in the heart of Helsinki's business district. CNP Assurances bought the building from the development cons...
Tuesday, 16. January 2018

Capreon sells Debenhams' Rylands Building for £87m

Capreon, the Noé Group property firm and AM alpha, acting here on behalf of its value-add vehicle, are delighted to announce the transaction of The Rylands Building – the 470,000 sq. ft Grade II listed Debenhams department store – on Market Street, Manchester for £87m (c. €97.9m). The price reflects a net initial yield of app...
Tuesday, 16. January 2018

Provider for the storage of non-food merchandise leases at Dortmund Airport

A provider for the storage of non-food merchandise, supported by Realogis, has leased 24,000 sqm of storage space at Dortmund Airport at Steinbrinkstrasse 61 in Dortmund-Wickede. The hall is managed by Westfalia Immobilienverwaltung GmbH. The property is conveniently located with a good connection to the A40 motorway.
Monday, 15. January 2018

Patrizia acquires pre-let care home development in Bad Camberg

Patrizia Immobilien has completed the forward purchase of a fully-let care home development in Bad Camberg from a subsidiary of the K&S Group on behalf of ‘Patrizia Pflege-Invest Deutschland I’. The development, which is due to begin in early 2018 for completion in 2019, has been pre-let to Cura Sana, an experienced care home...
Monday, 15. January 2018

Meyer Bergman's third European Retail Real Estate Fund closes its capital-raising

Meyer Bergman has secured €816 million of equity commitments from international institutional investors for its third fund and associated co-investment vehicles at the final close of capital-raising. Meyer Bergman European Retail Partners III (MBERP III) held its final close with commitments from 15 international pension fund...
Monday, 15. January 2018

BVK and Universal-Investment launch a new fund for retail parks

A new institutional real estate fund is being launched for Bayerische Versorgungskammer (BVK) on Universal-Investment's AIF platform in Luxembourg, which should achieve a total volume of €250 million. Blue Asset Management was mandated to provide investment advice and real estate management services.
Monday, 15. January 2018

Cofinimmo acquires two nursing and care homes for €26.5 million

The Cofinimmo Group recently acquired a nursing and care home and signed an agreement for the acquisition of a second asset of this kind, which is under construction, for a total amount of €26.5 million. The group's investments and commitments in healthcare real estate now total €94.5 million in 2017.
Monday, 15. January 2018
£28 million Gilder's Yard development gets underway

£28 million Gilder's Yard development gets underway

Work has started on site to deliver a £28 million (c. €31.5 million) build-to-rent scheme which will create 156 new homes in Birmingham's Jewellery Quarter. The beginning of construction work on the site in Great Hampton Street follows a deal which saw Grainger, agree to forward fund and acquire the private rented sector (PRS...
Monday, 15. January 2018

Commerz Real buys Brisbane Mercure and Ibis Hotels for €52m from CDL

Commerz Real has made its first investments for the new CR Institutional Hotel Fund. The German fund manager has acquired the 194-room Brisbane Mercure Hotel and 218-room Brisbane Ibis Hotel for a combined A$77 million (c.€52 million) from Singapore CDL Hospitality Trusts. The sale price represents an exit yield of 5.3 per ce...
Friday, 12. January 2018

Panther Warehousing takes 35,000 sq ft Bracknell Warehouse

Panther Warehousing has signed a new ten-year lease for Unit 1, Eastern Road in Bracknell. Close to the A329 trunk road in the east of the town, Unit 1 offers 31,048 sq ft of modern industrial space and 3,772 sq ft of office space.
Friday, 12. January 2018

Euromaster expands to location in Karlsruhe

Euromaster is expanding its presence in Germany. In a deal brokered by Realogis, Euromaster has concluded a medium-term lease for around 1,000 m² of hall space in the Grünwinkel commercial district in Karlsruhe. Euromaster will use the property unit for truck tyre service.
Friday, 12. January 2018