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» Chronological View: " Logistic " «

£2.5m Sheffield business park secures Neways Chartered Building Company as first tenant

Neways Chartered Building Company is the first company to relocate to a newly developed £2.5m (c. €2.8m) Sheffield business park. The speculative investment at Winston Business Park by owners L&T Grayson Investments Ltd, prompted the move by Neways, which started as a small, family business back in 1971 and has grown to becom...
Wednesday, 19. September 2018

UKCP REIT acquires M8 Industrial Estate near Glasgow for £24.6 million

UK Commercial Property REIT Limited (UKCP REIT) has acquired the M8 Industrial Estate near Glasgow from Grayling Capital for a headline price of £24.6 million (c. €27.7 million), based on a topped up net initial yield of 5.9%. The acquisition is being funded through existing cash resources. M8 Industrial Estate, comprises 20 ...
Wednesday, 19. September 2018

6,000 m² Segro Logistics Park to lease in Krefeld-Süd

Segro Logistics Park in Krefeld-Süd is now almost fully let by owner company Segro. The new tenant of the nearly 6,000 m² warehouse space is Digitec Galaxus Deutschland GmbH, a subsidiary of Digitec Galaxus AG from Switzerland. „The convenient location with direct access to the motorway makes the Logistics Park Krefeld-Süd an...
Tuesday, 18. September 2018

Romania is the most successful country in the EU in terms of GDP/capita expansion

Following the global financial crisis ten years ago, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate. The country's economic growth (the so-called sustainable rate) is currently at around 4%, which compares favourably to the EU average (below 2%) ...
Tuesday, 18. September 2018

Hines exceeds target fund raise with final closing of the HEVF by over 40%

Hines reported that the final closing of its Hines European Value Fund (HEVF) with a total fund size exceeding €720 million of equity commitments, surpassing its original target by more than 40%. HEVF accepted commitments from a primarily European group of 16 limited partners including German, Italian, Norwegian, Spanish, Fre...
Tuesday, 18. September 2018

PNK Group enters European industrial real estate market with first development

PNK Group has entered the European industrial real estate market with the opening of its new PNK Park Sered industrial park near Bratislava occupying a total area of 60 ha and two ready-made facilities with a total area of 45,000 square meters. Located near the R1 expressway, the industrial park has convenient and has easy ac...
Tuesday, 18. September 2018

VIB Vermögen extends rental agreement with sporting goods manufacturer in Uffenheim

VIB Vermögen AG has prematurely extended the rental agreement for the 30,200 sqm property in Uffenheim in the greater area of Würzburg by five years to the end of 2024. The logistics facility, which is conveniently located near the A7 motorway, was acquired and added to the VIB portfolio in October 2016 and is let to an inter...
Tuesday, 18. September 2018

Berlin: Rhenus Home Delivery grows to 70,000 m² in Hoppegarten

Rhenus Home Delivery in Hoppegarten carries out up to 850 deliveries a day to consumers in Berlin and Brandenburg. In order to cope with the strong growth in online distribution and end-customer deliveries, the logistics service provider expanded to 70,000 m² of warehouse space located at its headquarters in Hoppegarten. Arou...
Tuesday, 18. September 2018

Mazop selects Hillwood Pruszków

Mazop Group sp. z o.o., a company specializing in manufacturing cardboard packaging as well as processing and distributing polyethylene foam, has leased 3,640 sq m of industrial and manufacturing space in Hillwood Pruszków logistics park. Experts from JLL represented Mazop in selecting the location and during the negotiation ...
Tuesday, 18. September 2018

Union Investment sells logistics centre in Helsinki

Union Investment has sold an approximately 6,600 sq m logistics centre in Helsinki to VVT Property Fund I Ky. The property is located at Tikkurilantie 136 in Vantaa, a district close to the airport. It was fully let on a long-term lease to the Dayton Group at the time of sale. The parties agreed not to disclose details of the...
Monday, 17. September 2018

Office and industrial sectors improve in Q2 2018

Scottish commercial real estate achieved a total return of 1.4% in the second quarter of 2018, a slight decline from the 1.7% realised in the first quarter. However office and industrial property have seen improved performances across the period, according to data released by CBRE. Returns for the alternative property sector ...
Monday, 17. September 2018

Deutsche Industrie REIT-AG completed capital increase

Deutsche Industrie REIT-AG (WKN: A2G9LL, ISIN: DE000A2G9LL1) completed the capital increase resolved on thursday. A total of around 1,5 million new shares were sold in a private placement to institutional investors and existing shareholders at a price of €10.00 per new share. The transaction was significantly oversubscribed. ...
Monday, 17. September 2018

Büschl acquires Munich's famous parcel mail hangar and mail centre Schorn

The Deutsche Post AG disposes of one of its most famous engineering constructions: The parcel mail hangar as well as the surrounding grounds of a size of 100.000 square meters on Arnulfstrasse have been sold to Büschl Unternehmensgruppe. The selling price has not been disclosed so far. The value of the area is supposed to be ...
Thursday, 13. September 2018

CBRE appoints Tasos Vezyridis Senior Director of Retail and Logistics Research for EMEA and UK

CBRE has announced the appointment of Tasos Vezyridis as Senior Director of Retail and Logistics Research for EMEA and the UK. He will lead the pan-EMEA and UK research programme at a time of enormous change and innovation in both the retail and logistics property markets. Vezyridis will join CBRE in late November, and will r...
Thursday, 13. September 2018

LXi REIT sells Carlisle manufacturing facility for £12.2m

LXi REIT had sold a manufacturing facility in Carlisle let on a long lease to SIG (Trading) Limited to a UK pension fund for £12.2m (c. €13.6m). The company said it had also acquired two industrial assets in Sunderland and Teesside for a combined £11.6m (c. €13m).
Thursday, 13. September 2018

Segro buys Roxhill Development's management platform

Segro has agreed to acquire the management platform of Roxhill Management Rugby Limited (‘RMRL’). In 2016, the UK REIT and Roxhill Development Group entered a partnership that gave Segro phased access, through option agreements, to a portfolio of big box warehouse development sites in the Midlands and South-East regions of th...
Thursday, 13. September 2018