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Running Deal

ARA Europe Acquires French Urban Logistics Complex

ARA Europe, the European platform of ESR Group, has acquired an urban logistics complex, located on the outskirts of Rouen in France, on behalf of its ARA Europe Active Real Estate Fund V. The acquisition forms part of the fund’s seed portfolio, which focuses on the aggregation of well-located last-mile distribution warehouse...
Monday, 4. March 2024

Deka Immobilien sells hotel to Sinoma

Deka Immobilien has sold a hotel in Gothenburg. The property belongs to the portfolio of WestInvest ImmoValue, an investment fund designed for institutional investors. Sinoma Fastigheter AB, a company owned by Swedish investor Balder and pension fund Folksam, has acquired the property. The parties have agreed not to disclose ...
Monday, 4. March 2024

UKCM agrees sale of Bristol office building to Tri7

UK Commercial Property REIT Limited has sold its 67,000 sq ft office building in Temple Quay, Bristol, to Tri7. 2 Rivergate in Temple Quay, Bristol, has been sold for £14.5 million, which is in line with the 31 December 2023 valuation and is let for one more year to The Secretary of State for Levelling Up, Housing & Communiti...
Monday, 4. March 2024

Global aerospace company moves to CTPark Budapest Ecser

CTP has signed a long-term lease agreement for 5,590 sqm of multifunctional space at the CTPark Budapest Ecser logistics park with Vilnius-based FL Technics, a global provider of aircraft maintenance, repair, and overhaul (MRO) services. The substantial logistics rental property also includes 270 sqm of office space and a ser...
Monday, 4. March 2024

Real I.S. lets office building 53 Hoche in Paris to Cerruti

Real I.S. has let an office complex, situated at number 53 Avenue Hoche in Paris, to Cerruti 1881. After a comprehensive restructuring and modernisation, the historic building is now to be the headquarters of the luxury fashion house Cerruti, which is to move in by March already. In addition to the offices premises for around...
Monday, 4. March 2024

Union Investment sells two properties in the centre of Tokyo

Union Investment has profitably sold the Shibuya Prime Plaza office building and the J6 Front office and retail building in Japan's capital Tokyo. Both properties are part of the portfolio of open-ended real estate fund UniImmo: Europa: J6 Front, built in 2008, was acquired in 2014, while Shibuya Prime Plaza, completed in 200...
Friday, 1. March 2024

Yusen becomes first tenant at Segro Logistics Park Northampton

Yusen Logistics UK has become the first customer to lease a building at Segro Logistics Park Northampton, after signing almost 1.2 million sq ft of highly sustainable warehouse space at the state-of-the-art, multi-modal development. The building will be the company's largest facility globally and is understood to be the bigge...
Friday, 1. March 2024

ECRE Fund IV acquires J13 logistics park near Tallinn

East Capital Real Estate fund IV has acquired the J13 logistics park just outside Tallinn. The fully leased park consists of 40,000 square metres of logistics and light industrial premises and is one of the largest in Estonia. This marks the 10th and final transaction of the €350 million fund which is now fully invested.
Friday, 1. March 2024

Yareal secures new tenant for Lixa D in Warsaw

A dynamically growing fintech company has leased nearly 2,600 m² of office space in the Lixa D building, which is being erected as part of an office complex near the Warsaw’s Daszyński Roundabout. The new tenant will occupy over 25% of the building’s commercial space.
Friday, 1. March 2024

Panattoni plans logistics development at historic Cologne site

Panattoni is working up plans for a speculative €100 million logistics development in Cologne on an historic industrial site between the airport and city centre. The development, which will be called Panattoni Campus Köln Ost, is located in the Westhoven district of Cologne with a direct connection to the A4 and near the A3, ...
Friday, 1. March 2024

Sirius agrees third German business park acquisition this year

Sirius Real Estate has notarised the acquisition of a business park in Klipphausen, near Dresden, together with an adjacent land parcel for an acquisition price of €13.75 million (£11.73 million). The acquisition has been made using the proceeds of November 2023‘s €165 million (£147 million) capital raise. It represents the t...
Friday, 1. March 2024

Commerz Real acquires ensemble in Munich

In the framework of an individual mandate Commerz Real has acquired an ensemble comprising office and commercial buildings at Maximilianstrasse 12-14 and Falkenturmstrasse 5-7 in Munich's historic centre for a private investor. The seller is a subsidiary of the project developer Centrum. It was agreed that confidentiality be ...
Thursday, 29. February 2024

IGD signs agreement for sale of retail portfolio

IGD SIIQ S.p.A has signed an agreement with Sixth Street, controlled affiliates of Starwood Capital and Prelios SGR S.p.A. for the sale of a portfolio of 13 assets for €258 million, consistent with the book value as of 31 December 2023. The transaction is expected to close by April 2024.
Thursday, 29. February 2024