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» Chronological View: " Running Deal " «

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

Spaces opens facility in Birmingham

Spaces will be opening a work hub in Birmingham. The workspace will occupy all 7,523 sq m of The Crossway on Great Charles Street. Spaces provides a productive working environment which allows its users to integrate work into their lifestyle. The new Birmingham hub will not just offer co-working opportunities, but will provid...
Friday, 12. January 2018

Eurocommercial purchases shopping centre in Gävle

Eurocommercial Properties N.V. has completed the purchase of the Valbo shopping centre in Gävle. Valbo is the only regional shopping centre in the county of Gästrikland, central Sweden, which serves a catchment of around 250,000 people. It has 37,200 m² of lettable area and is well-positioned alongside the E16 motorway betwee...
Friday, 12. January 2018
Invesco RE acquires three European core office assets for €140 million

Invesco RE acquires three European core office assets for €140 million

Invesco Real Estate has acquired three Class-A office properties in Milan, Prague and Munich. The acquisitions with a total investment volume of €140 million were made on behalf of one of the firm’s long-standing German separate account clients, a south German pension fund. „All three assets are fitting perfectly into the agr...
Friday, 12. January 2018
Munich: Conren makes two deals at the start of the year

Munich: Conren makes two deals at the start of the year

Conren Land starts the year dynamically. The investor has sold an office property in Baierbrunner Strasse in Munich to a fund managed by Patrizia. At the same time, the investment company acquired an office property in the Thomas-Dehler-Strasse 18 through an asset deal.
Thursday, 11. January 2018
Miller Homes signs deal for new regional HQ at Brook Court in Worcester

Miller Homes signs deal for new regional HQ at Brook Court in Worcester

Miller Homes is set to open a new Midlands regional office at Brook Court on the Whittington Park office development in Worcester following a deal brokered by Bruton Knowles. Said to be one of the most significant office lettings for the City, Brook Court is situated on the outskirts of the City is set in attractive landscape...
Thursday, 11. January 2018

Corestate acquires micro-apartments worth €670m for Bayerische Versorgungskammer

Corestate Capital Holding S.A. has acquired five project developments comprising a total of over 1,700 newly built micro-apartments. The five properties were acquired by way of a forward deal for the real estate umbrella fund set up for Bayerische Versorgungskammer (BVK) on the Luxembourg-based AIF platform of Universal-Inves...
Thursday, 11. January 2018

Peel Logistics Property lets further space at Island Road

Peel Logistics Property, together with Rockspring Property Investment Managers LLP as funding partners, has let of a 56,000 sq ft unit for a 10 year term to Universal Electrical Corporation (UEC) at its Island Road urban logistics development in Reading. UEC is an industry leader in systems solutions for power distribution an...
Thursday, 11. January 2018

Intervest purchases logistics site in Brussels

Intervest Offices & Warehouses has acquired a logistics site of 26.000 m² in the Brussels periphery for € 13,8 million with a view to a complete redevelopment in 2020. With the acquisition of this logistics site, the investor continues to expand its logistics real estate portfolio.
Thursday, 11. January 2018