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» Chronological View: " Logistic " «

BMO RE Partners completes £53m of opportunistic disposals of mature assets

BMO Real Estate Partners (BMO REP) has completed the disposal of three assets, on behalf of a segregated mandate client, for a total consideration of £53.2m (c. €60.3m), materially above latest book valuations. The opportunistic disposals are in line with the strategy for the fund and provide an opportunity to recycle the cap...
Monday, 22. October 2018

Castellum sells properties for SEK 313m in Västerås

Castellum is selling a portfolio consisting of eight properties in the Bäckby industrial area of Västerås. The properties comprise a total of nearly 41,500 sq.m. of office, warehousing and industrial premises. Sales price amounts to c. €30.3m (SEK 313m), after deduction of expenses and deferred tax of MSEK 20. Closing of the ...
Monday, 22. October 2018

BNP Paribas REIM acquires the logistics warehouse Baden-Airpark

BNP Paribas REIM has acquired the “Baden-Airpark”, a State of the Art logistics complex located on the airport area of Baden-Baden, near the Franco-German border. The asset features ca. 45,000 sqm of two newly constructed grade A warehouses and is fully let to three leading logistics companies. The building has been developed...
Monday, 22. October 2018

Frasers Property Europe acquires 46,000 sqm logistics portfolio in Austria

Frasers Property Europe has acquired a property portfolio from Tristan Capital Partners and its joint venture partner via the acquisition of 100% of the shares of the respective subject entities. The property portfolio consists of three institutional grade logistics warehouses in Austria. The three properties comprise over 46...
Thursday, 18. October 2018

€5 billion invested in Poland's commercial real estate

The total value of commercial real estate investment transactions in 2018 may hit €6 billion – the best ever result for the country's market. Advisory firm JLL analyzes this year’s investment transactions conducted in the commercial real estate sector in Poland. The value of transactions over the past three quarters is compa...
Thursday, 18. October 2018

PartnersPol Group to move into MLP Teresin

PartnersPol Group has signed a contract with MLP Group to lease 22,200 square meters of modern warehouse space in the MLP Teresin logistics park. In this facility, approximately 200 square meters will be earmarked for staff rooms and offices. The delivery of the ordered space is planned for January 2019. Axi Immo advised the...
Wednesday, 17. October 2018

Panattoni Europe to build a 58,500-square-metre dishwasher factory for BSH in Łódź

Panattoni Europe has laid the cornerstone to mark the beginning of the construction of a dishwasher factory for BSH Sprzęt Gospodarstwa Domowego, dedicated to Industry 4.0. The facility, featuring close to 58,500 sqm, is being built in Łódź next to the Central European Logistics Hub and is the developer’s largest manufacturin...
Tuesday, 16. October 2018

M7 acquires long let Eddie Stobart distribution warehouse asset

M7 Real Estate has acquired, on behalf of M7 Real Estate Investment Partners VI five adjacent warehouse units let on a long term lease to Eddie Stobart Ltd in Workington, Cumbria for £6.295 million (c. €7.2 million), representing a net initial yield of 10% and a capital value per sq ft of £13.22 (c. €15). The asset has been a...
Tuesday, 16. October 2018

Patrizia increases its €1.8 billion logistics portfolio

Patrizia Immobilien AG has acquired a new, state-of-the-art logistics asset in Oud Gastel, Roosendaal, the Netherlands for circa €10.5 million from MG Real Estate on behalf of its open-ended "Patrizia Logistik-Invest Europa II fund. The investment manager has in total invested approx. €1.8 billion in major logistics assets in...
Tuesday, 16. October 2018

Alistair Calvert leads management buyout of Gramercy Europe

The management of Gramercy Europe Limited has independently completed the acquisition of the business from The Blackstone Group, following the latter’s acquisition of Gramercy’s US parent company, Gramercy Property Trust, which completed last week.
Monday, 15. October 2018

Danfoss Power Solutions closes a deal in Bielany Wrocławskie

Danfoss Power Solutions has signed an 11,088 sq m office and warehouse lease at logistics park Hillwood Wrocław I BIS. The tenant was represented in the transaction by global real estate services firm Cushman & Wakefield. Hillwood Wrocław I BIS is an industrial park offering 27,000 sq m of warehouse space. It is located in Bi...
Monday, 15. October 2018

Schroder European REIT secures debt facility

Schroder European Real Estate Investment Trust Plc has completed a new debt facility with HSBC, for €9.25 million, which will be accretive to returns. The loan is secured against the three Dutch industrial assets recently acquired for €19.8 million . The loan proceeds form part of the company’s remaining reinvestment capacity...
Monday, 15. October 2018

Catella establishes Catella Logistic Europe

Catella Property Investment Management establishes Catella Logistic Europe SAS, in partnership with Thierry Bruneau, in order to benefit from the actively developing logistic property market. The company focuses on early phase logistic property development service where key value driver is to fullfill the high standard demand...
Friday, 12. October 2018

Tritax EuroBox makes second investment for €118m

Tritax EuroBox has acquired a regional fulfilment centre in Passo Corese, Rome, let to a financially robust world leading online retailer from Segro. The total consideration is €118 million (excluding purchaser's costs), reflecting a net initial yield of 5.0%. The transaction is expected to complete by the end of October 2018.
Friday, 12. October 2018

Tritax Big Box invests £89.3m to develop site at Midlands Logistics Park

Tritax Big Box REIT has exchanged contracts, conditional on receiving full planning consent, to provide forward funding for the development of a new National Distribution Centre at Midlands Logistics Park in Corby. The property is pre-let to BSH Home Appliances Limited, part of the Bosch Group. The Bosch Group is the largest ...
Friday, 12. October 2018

Acute lack of space in the German logistics sector

There isn’t a single logistics region in Germany which possesses both a vast amount of space and a high degree of labour force potential. Consequently, major logistics locations are facing noticeable challenges and the corresponding shortages which have arisen as a result. This was the conclusion drawn by a current study pres...
Friday, 12. October 2018

Shortage of space drives 10 per cent increase in ‘big shed’ rents in the South West

The continued shortage of industrial space in the South West has resulted in rents for large units experiencing a year-on-year increase of almost 10 per cent – the second highest figure in the UK. The Autumn Industrial & Logistics Barometer from Colliers International shows that the North East has seen the highest annual rent...
Friday, 12. October 2018