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» Chronological View: " Running Deal " «

P3 move into new headquarters at Charles de Gaulle Plaza in Bucharest

P3 relocated its headquarters to an office building on Charles de Gaulle Plaza in Bucharest, which is owned by GLL Real Estate Partners. P3 leases an area of 230 sq metres of office space on the top floor of Charles de Gaulle Plaza building, located in the immediate vicinity of Aviatorilor Metro Station and Herastrau Park. P3...
Tuesday, 17. July 2018

ReSI acquires local authority housing in Luton for £13 million

Having already acquired a residential building in Luton in June , Residential Secure Income has purchased four further freehold residential buildings in the town for a total consideration of £13 million (c. €14.71 million). The buildings are let to the local authority with 9.2 year leases (with an option for the local authori...
Tuesday, 17. July 2018

Legal & General buys Sheffield's Steel Vulcan House from Trinova for £50 million

LGIM Real Assets has acquired Steel Vulcan House on behalf of its Annuity Fund for c. £50 million (c. €56.59 million) from Trinova Real Estate. The 120,000 sq ft office building in the centre of Sheffield is entirely let to a government department and will be refurbished.
Tuesday, 17. July 2018

Valor RE Partners completes 500,000 sq ft of acquisitions and a £21 million refinancing

Valor Industrial Partners 2 (VIP2) has acquired a portfolio of nine logistics assets in and around Greater Manchester and a further asset in Beckton, East London. In addition, Valor has also completed a £21 million (c. €23.7 million) refinancing of three assets in Beckton, Crawley and Ashford by extending its existing Deutsch...
Tuesday, 17. July 2018

Wates Construction is new tenant at Thorpe Park Leeds

Scarborough International Properties and Legal & General have let the whole of the first floor at Paradigm, Thorpe Park Leeds to Wates Construction. Wates has taken a 10-year lease to occupy 10,275 sq ft of space and will move in later this year following some fit-out works. Paradigm in Leeds offers 31,650 sq ft of office spa...
Tuesday, 17. July 2018

Addington Capital purchases Bonsai Portfolio worth £45 million

Addington Capital has bought the “Bonsai” portfolio for £45 million (c. €50.93 million) with debt and equity funding provided by ICG-Longbow. The mixed use portfolio has been acquired from the EPISO3 fund. The portfolio consists of 120,000 sq ft of office and residential property at Headingley, Leeds; 50,000 sq ft of retail a...
Tuesday, 17. July 2018

Heijmans to construct two new-build projects on Oostenburg Island

Heijmans will be transforming the former industrial park on the Oostenburg Island in Amsterdam on two adjacent plots, constructing both a residential complex with homes for private sale and social rental housing for the housing association Stadgenoot, as well as a new hotel for Inntel Hotels. The estimated value of these cont...
Tuesday, 17. July 2018

Cofinimmo acquires MC Oisterwijk for €3 million

Cofinimmo has acquired MC Oisterwijk, a medical office building located in Oisterwijk near Tilburg for €3 million. The group owns already two other assets on the same site, i.e. the ‘De Voorste Stroom’ and ‘Oisterwijk Kliniek’ medical office buildings. By acquiring this third asset, Cofinimmo will make the site more attractiv...
Tuesday, 17. July 2018

NAS Invest and BlueRock buy German SME properties for a total €30 million

In June, NAS Invest and BlueRock further accelerated their BR-NAS German Mittelstand Properties strategy with the acquisition of two office buildings. The joint venture partners bought an office property with substantial upside and repositioning potential in the vicinity of Düsseldorf and a core-plus property with long-term l...
Tuesday, 17. July 2018

J&T Real Estate forms JV to acquire South Bank site

J&T Real Estate has entered the London property market, acquiring a property in the South Bank from DV4, Delancey’s client fund. At the building, J&T plans to build flats, offices, shops and a cultural space worth £400mn (c. €452.7m). The property is located at 185 Park Street near to the Millennium Bridge and Tate Modern. Fo...
Monday, 16. July 2018

Heimstaden acquires residential portfolio in Berlin-Spandau

Heimstaden AB has acquired a residential portfolio in Berlin-Spandau. The portfolio in question comprises a residential building complex with 484 residential units and 50 parking spaces. The buildings are situated on the street Päwesiner Weg, roughly one kilometre to the west of Spandau’s old town. The purchase price is €66 m...
Monday, 16. July 2018

Warburg-HIH Invest sells retail warehouse park in Sundsvall

Warburg-HIH Invest Real Estate has sold a 9,700sqm retail warehouse park in Sundsvall to Svenska Handelsfastigheter for an undisclosed sum. Completed in 2008, the building provides a lettable retail area of 9,669 square metres along with an underground car park of 300 spots. The property was acquired for the Warburg-HIH Pan-E...
Monday, 16. July 2018

Stenprop acquires Estuary Court from Storage Giant for £3.1 million

Stenprop has acquired Estuary Court, an industrial estate in Newport, South Wales, from Storage Giant for £3.1 million (c. €3.5 million), which reflects a net initial yield of 7.6%. Estuary Court is a modern estate, located in the established industrial location of Queensway Meadows. It comprises 20 units, totalling 34,980 sq...
Monday, 16. July 2018

Hamborner REIT lets final vacancies in Kiel office property

Hamborner REIT AG has secured a long-term lease for the remaining vacancies in its Kiel office property. The newly built property in Kiel's Kaistrasse 90 with a total area of around 6,700 m² was added to Hamborner's portfolio immediately after it was completed in November 2017. The space of approximately 2,000 m² still vacant...
Monday, 16. July 2018

Aedifica acquires four healthcare sites

Aedifica has signed an agreement for the acquisition of four healthcare sites. The four sites benefit from a central location in Bad Sachsa. The buildings can welcome 221 residents in total. The first site has a capacity of 70 units catering to seniors requiring continuous care. The second site has a capacity of 64 units inte...
Monday, 16. July 2018

M&G Real Estate acquires Birchmere business Park

M&G Real Estate has acquired Birchmere Business Park in Thamesmead, SE28, from the Milton Group for £12.25m (c. €13.9m), reflecting a net initial yield of 3.7%. The 91,511 sq ft site is let to Harris Installation Services, Roberts Metal Packaging, and the Royal Borough of Greenwich Council. Gerald Eve acted on behalf of M&G R...
Monday, 16. July 2018

Cofinimmo acquires a nursing and care home for €15 million

Last July 13, the Cofinimmo Group became the owner of the ‘Azurit Seniorenzentrum Riesa’ nursing and care home located on the Dr.-Scheider-Straße 29 in Riesa, a town halfway between Leipzig and Dresden, in the Land of Saxony. The asset, worth €15 million, is newly built, and offers an aboveground surface area of almost 6,500 ...
Monday, 16. July 2018