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» Chronological View: " Economy & Financial " «

CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo: Property sales in 2017 generated proceeds of € 370 m

CA Immo successfully signed property sales with a total volume of approx. €370 m. Around 90% of sales proceeds were accounted for by contracts signed in the fourth quarter of 2017 – among them the sale of the Frankfurt Tower 185, CA Immo's largest single transaction of the year . Sales prices achieved in 2017 on average were ...
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

Northern Horizon acquires further care assets

Northern Horizon's third specialist institutional healthcare real estate fund, the Nordic Aged Care Fund, has during Q4 2017 signed undertakings to acquire, via separate transactions, a total of nine care homes in Sweden and Finland. The properties are located in the Stockholm and Gothenburg metropolitan areas in Sweden, and ...
Wednesday, 10. January 2018

Transaction volumes reach 10-year high with strong outlook for 2018

According to Colliers International Deutschland, the German commercial investment market ended 2017 with a transaction volume of €57.3 billion, a 10-year record high. 2017 is the third consecutive year to post a total-year result of over €50 billion also beating out 2015’s recent high of €55.4 billion. The only hurdle missed ...
Wednesday, 10. January 2018

ASG Fund acquires fund platform Fairvesta

A fund managed by ActivumSG Capital Management Ltd. (ASG) has acquired Fairvesta Group, a fund platform for retail investors with approximately €800 million of managed assets. The parties have agreed not to disclose the purchase price.
Wednesday, 10. January 2018

Russia real estate investment volume reached USD4.6bn

Russia’s real estate investments reached USD1.9bn (c. €1.6bn) in Q4 2017, up 88% YoY (USD1.0bn or c. €840m in Q4 2016), according to JLL calculations. This brought the full year volume to USD4.6bn (c. €3.85bn), up 9% from USD4.3 bn (c. €3.6bn) in 2016.
Wednesday, 10. January 2018

Future Generation secures £35m student accomodation funding from Maslow Capital

Student accommodation provider, Future Generation, has secured a £35m (c. €39.6m) development finance deal with Maslow Capital to deliver schemes in Sheffield and Colchester. The new schemes will offer 569 beds between them and will open in time for the 2019 academic year. Steel City in Sheffield has planning permission for 3...
Wednesday, 10. January 2018

DTZ Investors completes c. £700m of transactions during 2017

DTZ Investors has completed approximately £100m (c.€113m) of indirect transactions and £600m (c.€679m) of direct transactions in the UK during 2017, with a further £130m (c.€147m) under offer. Notable acquisitions made during the period have enabled the business to continue its strategy of investing in core locations with st...
Tuesday, 9. January 2018
Northern Ireland property investment market with £325m worth of transactions

Northern Ireland property investment market with £325m worth of transactions

Following a 50% drop in transactions between 2015 and 2016, Northern Ireland’s property investment market rebounded in 2017 with £325m (c. €368m) worth of deals – a 25% increase on the previous year. According to a new report from Savills Northern Ireland – who transacted 62% of all deals in the year – demand for secure city ...
Tuesday, 9. January 2018

Aon acquires alternative investment advisor Townsend Group

Aon has completed its acquisition of The Townsend Group, majority owned by Colony NorthStar, Inc. Townsend is a provider of global investment management and advisory services primarily focused on real estate and real assets.
Tuesday, 9. January 2018

Eskmuir secures £80 million refinancing of bank debt and £95 million bond issue

Eskmuir has secured an £80 million (c. €90.7 million) refinancing deal with Royal Bank of Scotland as part of its ongoing strategy. Eskmuir has also issued and listed on the London Stock Exchange a 30-year £95m (c. €107.7m) bond, providing additional financial strength for the long-term and offering the security to complete f...
Tuesday, 9. January 2018

Aviva Investors completes refinancing for Primary Health Properties

Aviva Investors has refinanced a £75m (c. €85m) facility to Primary Health Properties plc (“PHP”). The new facility is secured against 31 modern purpose-built medical centres and matures in November 2028. The portfolio provides 37,400m² accommodation let to NHS and pharmacy tenants.
Tuesday, 9. January 2018

Grainger acquires a 237 unit PRS build to rent scheme in Sheffield for c.£32m

Grainger has exchanged contracts with Abode Hallam Limited and agreed to forward fund and acquire a private rented sector (PRS), build to rent development, Eccy Village, in Sheffield, comprising 237 new purpose built PRS homes, for c.£32m (c. €36m). Grainger expects the investment to generate a gross yield on cost of over 7% ...
Monday, 8. January 2018

Second highest Nordic transaction volume ever in 2017

Transaction volumes in the Nordic commercial real estate market will exceed €42 billion in 2017. This is the second highest level ever recorded and Sweden is the only country showing lower volumes than last year, according to new figures from Pangea Property Partners.
Monday, 8. January 2018