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Meledi Netherlands B.V. has signed a new long term lease agreement with Dornick B.V. at the Stadionweg 29 in Rotterdam. The lease agreement comprises approximately 3,000 sq m of industrial space. In collaboration with the landlord, Meledi has fully modernised the interior as well as the exterior of the Stadionweg. In addition...
Newcore Capital Management sells World of Golf in Croydon to Aberdeen Standard Investors for £4.425 million (c. 5.03 million). The World of Golf has a 24-bay driving range, a mini-adventure golf course and a 6,252 sq ft professional golf shop and is operated by Ashtour. Knight Frank acted for Newcore Capital Management and Jo...
LaSalle Investment Management has purchased two new high specification distribution parks, the Island Road in Reading and the South Central in Southampton, for £95 million (c. 108 million) on behalf of Greater Manchester Pension fund, from Peel Logistics Property and Rockspring TransEuropean Property V Limited Partnership.
Foxtrot has opened a new store for home appliances in Forum Lviv, with a store space of more than 1,300 sq.m. The new Foxtrot store is located in the main atrium on the first floor and has become the anchor operator of the shopping centre.
M7 Real Estate (M7) has agreed six new lettings across circa 5,000 sq m of space at Mani Business Centre in Zagreb, Croatia. As a result of M7’s turnaround strategy for the property, the number of tenants has increased from 12 to 19, significantly improving the occupancy to 91% from 54% on acquisition. New tenants include a w...
Barings Real Estate has acquired an office building at 9 rue du Helder in Paris, from a private investor as part of its pan-European value-add real estate investment strategy on behalf of institutional investors. The property, which is currently vacant, comprises c.1,600 sqm split across five floors including a mezzanine leve...
Metro Bank and TK Maxx have entered a leasing agreement to take space with Hammerson on Broadstreet in Bristol’s shopping quarter. Metro Bank is set to open a first site in the city later this year, taking a projected 24,000 sq ft of space, which will comprise office and training space the upper floors as part of its regional...
Round Hill Capital and Boelens de Gruyter have acquired an existing office asset “Ring-Park” for potential refurbishment and expansion and an opportunity for significant residential redevelopment. The 11,804 m² site, near the A10 ring-road in Central Amsterdam is located in a “residential acceleration area”
Happy Home Furnishers has entered a new 10-year lease for its new 12,650 sq ft superstore at Phoenix Retail Park in Swansea, joining existing occupiers Dreams, Iceland, and Home Bargains at the popular site. The Phoenix Retail Park is owned by Barberry Developments. Morgan Williams and Fletcher Morgan acted jointly on the le...
Grosvenor has formed a joint venture with Heathley Asset Management to enter the healthcare sector in Australia. Both companies will acquire their first two private hospitals in Queensland for c. €60m (AUD94m), namely the Women’s and Children’s' Hospital, Townsville, and the Westside Private Hospital, Brisbane. The .joint ven...
Patrizia Immobilien has acquired a portfolio of two newly built care homes including serviced residential units in the German state of Lower Saxony for its ‘Patrizia Pflege-Invest Deutschland I’ fund. The properties, located in Cloppenburg and Wildeshausen, offer a total of 287 full-care home places and 35 day care places as ...
Buccleuch Property has bought two industrial/warehouse units at Bescot Point, Bescot Crescent in Walsall in a £1.65 million (c. €1.9 million) deal. Following the deal, the developer has commenced a comprehensive programme of refurbishment. To this end, the company has made further investments. The 23,973 and 28,169 sq ft unit...
After 40 years of ownership, Aspelin Ramm has sold Alna senter shopping centre in Oslo to Joh Johannson Eiendom AS. The centre has five million annual visitors and an annual turnover of NOK 2 billion.
As joint investors Groupe ADP and Covivio have signed the documents for the development of the Belaïa office building in the heart of Cœur d'Orly, Paris-Orly Airport’s business district. Designed by Ateliers 115 Architectes, the Belaïa office building will have a total area of 23,500 sq metres. It is located at the foot of tr...
Samsung Electronics and Argent agreed to lease a 20,000 sq ft showcase space at Coal Drops Yard, the new district in King’s Cross, London. Located between two reimagined Victorian coal drops, in a top floor dual-aspect space, Samsung KX LDN sits at the very centre of Coal Drops Yard.
In recent weeks Wood & Company has made three large-scale investment transactions in the Czech Republic and Slovakia on behalf of their real estate fund. The firm acquired three office buildings in Prague and Bratislava.
BNP Paribas REIM has aquired 11,000 sq metres of office building located on 49-51 rue La Boétie, in the 8th arrondissement of Paris for an undisclosed amount from Poste Immo. This landmark building in the Art Déco style will host the parisian offices of a global financial institution.
Corum Asset Management has completed the off-market acquisition of 40-46 Donegall Place in Belfast in what is said to be the largest retail investment transaction in Northern Ireland so far this year. The property is currently home to Northern Ireland’s flagship Next store and Dublin-based Eason, and extends to 67,000 sq ft....