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Running Deal

GLP expands lease with logistics company near Gdansk

A logistics service provider has renewed and expanded its lease in GLP Pomeranian Logistics Centre. Under its new contract the tenant will occupy approximately 22,000 sqm of warehouse and office space in the complex. Newmark Polska was instructed to negotiate the terms of the lease.
Tuesday, 19. September 2023

Westbrook​ buys Haslemere Industrial Estate from Barings for £12.75m

Barings has completed the sale of Haslemere Industrial Estate to Westbrook for £12.75 million. Barings acquired the estate in Bishop’s Stortford, an affluent London commuter town in Hertfordshire, on behalf of a UK-based private pension fund client in January 2016. The 74,467 sq ft property comprises 13 units, ranging from 3,...
Tuesday, 19. September 2023

Panattoni completes fully leased park in Małopolska

Panattoni has delivered another development for a highly demanding sector. The developer has completed space within Panattoni Park Kraków West I tailored to the needs of biotechnology firm SyVento BioTech, which is to use the space for advanced pharmaceutical production. The park in Skawina has now been fully leased with spac...
Tuesday, 19. September 2023

Lumacron relocates Euro HQ to Edinburgh Park

Lumacron Technology has secured a significant tenant at Edinburgh Park, providing some relief to the estate’s under-occupied office space. The company will move its European headquarters to 4-5 Lochside Avenue, a £20m development owned by Knight Property Group. Lumacron has leased 12,814 sq ft on the ground floor on a 10-yea...
Tuesday, 19. September 2023

Skanska sells the first phase of H2Offices in Budapest to Erste

Skanska has sold the first phase of its H2Offices complex in Budapest to Erste Open-Ended Real Estate Investment Fund, represented by Erste Alapkezelő Zrt. This is the third acquisition that the purchaser has made from Skanska Hungary, after acquiring Nordic Light in 2016 and Mill Park in 2018.
Tuesday, 19. September 2023

SES purchases the IL Grifone shopping center

SES Spar European Shopping Centers is consolidating its position in the Northern Italian market. With the purchase of the IL Grifone shopping center in Bassano del Grappa, located in the highly affluent region of Vicenza/Veneto, the real estate developer and operator takes over a well-established location with immediate effec...
Monday, 18. September 2023

IHCL opens first European Taj in Frankfurt

There is a new start for the former Grandhotel Hessischer Hof: Peakside presents comprehensive revitalization plans for the vacant luxury hotel acquired at the end of 2022, so that the house can celebrate its reopening in 2025 as the first Taj Hotel in continental Europe.
Friday, 15. September 2023

Hines European value-add fund makes further UK acquisitions

Hines has acquired a portfolio of four multi-let industrial estates in the West Midlands on behalf of its Hines European Value Fund 2 (HEVF 2) from LondonMetric.According to LondonMetric the purchase price is £40.5 million, reflecting a NIY of 6.2%.
Thursday, 14. September 2023

Neinor Homes and Orion invest €15m in two land plots

Neinor Homes and Orion Capital Managers, on behalf of the Orion European Real Estate Fund V, have agreed to acquire the first two land plots for its Spanish build-to-sell (BTS) joint venture (JV) where Orion holds a 90% stake on this vehicle while Neinor owns the remaining 10%.
Thursday, 14. September 2023

Nike Rise selects Bullring for first concept store in Birmingham

Nike will open its first ever „Nike Rise“ concept store in Birmingham at Bullring & Grand Central. According to Hammerson, this cleary reflects the strategy to reinvigorate the asset with new brands, concepts and market firsts.
Thursday, 14. September 2023

Multi Corporation expands fast-food portfolio with KFC acquisition

Multi Corporation has purchased a KFC fast-food restaurant located in Sittard. This investment represents Multi Corporation's second acquisition in the fast food sector within just 8 months, following the successful addition of a Burger King in Rotterdam in January 2023.
Wednesday, 13. September 2023

Union Investment acquires third residential development in Ireland

Union Investment is further expanding its position in the Irish residential property market with the acquisition of the planned Seafield Strand residential quarter in Sutton, a suburb in the north of Dublin. The Hamburg-based real estate investment manager entered the Irish residential market in 2021 with the purchase of the ...
Wednesday, 13. September 2023