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» Chronological View: " Logistic " «

The Carlyle Group acquires 210,000 sqm of assets

The Carlyle Group has extended its European logistics platform through the acquisition of five logistics assets in Northern Italy, on behalf of investment funds that it advises. The portfolio was purchased in two separate transactions with one asset having been acquired from a European investment fund and the remaining four f...
Tuesday, 19. December 2017

Warehouse REIT acquires Plymouth warehouse for £4.3 million

Warehouse REIT has acquired a 66,000 sq ft warehouse in Plymouth, Devon, from a client of BMO Global Asset Management, for £4.3 million (c. €4.88 million), reflecting a net initial yield of 7.4%. Constructed in 1985, the well specified property sits on a 3.9 acre site within the Parkway Industrial Estate. The entire warehouse...
Tuesday, 19. December 2017

M7 acquires the multi-let Seed portfolio for £117 million

M7 Real Estate has acquired 92 primarily UK regional multi-let assets comprising the Marble Portfolio and M7 REIP II (from separate vendors) for a combined purchase price of circa £117 million (c.€132 million). The acquisitions have been made on behalf of M7 Real Estate Investment Holdings, a wholly owned subsidiary of M7 Re...
Monday, 18. December 2017

M&G Real Estate acquires two new industrial assets in Yorkshire and Hampshire

M&G Real Estate acquired two new industrial assets totalling over 250,000 sq ft. The acquisition of Maple & Confederation Park and Mill Lane Industrial Estate, purchased for £9.25 million (c.€10.5 million) and £7.72 million (c. €8.75 million) respectively, support Project King, a multi-let industrial portfolio owned by M&G Re...
Monday, 18. December 2017
Realogis appoints Jörg Lojewski as Managing Director of Hamburg branch

Realogis appoints Jörg Lojewski as Managing Director of Hamburg branch

Jörg Lojewski (43) was appointed as the Managing Director of Realogis Immobilien Hamburg GmbH, with effect from 1 December 2017. The qualified real estate economist had previously been a head of department at the Realogis location since it was founded in 2012, successfully managing the sales team. With the appointment of Jörg...
Thursday, 14. December 2017

St. Modwen secures two major lettings at two of its industrial and logistics schemes

St. Modwen has secured two major lettings at two of its industrial and logistics schemes to global companies which takes its total completed developments in this sector to 1 million sq ft during the course of 2017. This is part of the company's growing focus on this aspect of the property sector, delivering sites in areas of ...
Wednesday, 13. December 2017
Knight Frank delivers on Royal Mail hub deal

Knight Frank delivers on Royal Mail hub deal

Royal Mail’s only distribution centre in Scotland has changed hands in an £8.76-million (c. €9.9 million) deal, brokered by Knight Frank. The unit, located on Netherton Industrial Estate in Wishaw, has been purchased by a UK-based private investor. Its previous owner was another private investor and the transaction represents...
Wednesday, 13. December 2017

Property total returns reach 10.2% to date

UK commercial property total returns reached 10.2% for 2017, at the end of November 2017, ahead of the IPF’s consensus forecast of 8.5% for 2017 as a whole. This is according to the latest CBRE Monthly Index. Total returns for November were 1.0% for all UK property. Capital values increased 0.5% at the all property level in N...
Tuesday, 12. December 2017
Union Investment acquires logistics facility near Duisburg

Union Investment acquires logistics facility near Duisburg

Union Investment has acquired a newly constructed logistics facility in Kamp-Lintfort near Duisburg. The property was completed in November 2017 and is fully let to Berlin-based e-commerce company Chal-Tec. The facility comprises total rental space of 87,500 sq m, divided into around 49,500 sq m of warehouse space, 7,700 sq m...
Tuesday, 12. December 2017

Panattoni Europe builds a factory for Ontex in Radomsko

Panattoni Europe is to build a factory for Ontex, a producer of personal hygiene products. The facility featuring in excess of 26,000 sqm will be located in Radomsko, within the Lódź Special Economic Zone (LSSE). Construction works are about to begin in early December, and are scheduled to end in July 2018.
Tuesday, 12. December 2017
A logistics firm takes just under 14,000 sqm of hall space in Hamburg

A logistics firm takes just under 14,000 sqm of hall space in Hamburg

An international logistics firm is a new tenant of just under 14,000 sqm of hall space at Bredowstrasse 20. Realogis has brokered the deal in a property managed by Beos AG in Hamburg's Billbrook commercial district. The location is ideal for the tenant, as the Hamburg-based logistics and forwarding firm already operates a log...
Tuesday, 12. December 2017
Peel Logistics Property signs first pre-let at South Central in Southampton

Peel Logistics Property signs first pre-let at South Central in Southampton

Peel Logistics Property, together with Rockspring Property Investment Managers as funding partners for the project, has signed a pre-let with UK retailer John Lewis to develop a 46,000 sq ft .com customer delivery hub at its urban logistics development known as South Central in Nursling, Southampton. The new build-to-suit fac...
Monday, 11. December 2017

Barings invests further €17.6 million in Spain

After Barings Real Estate Advisers has already bought a logistics property from Deka Immobilien for €17.6 million at the end of November, the investment manager invested a further €17.6 million in a fully-let retail warehouse and petrol station from López-Real. The two acquisitions follows Barings' debut into the Spanish logi...
Monday, 11. December 2017
MLP Group constructs the third distribution center for Makro Polska

MLP Group constructs the third distribution center for Makro Polska

The MLP Group has allocated land for the construction of a new distribution center for Makro Polska to be built in the MLP Czeladź logistics park. It is anticipated that the construction will be complete and the finished warehouses will be handed over to the tenant in June 2018.
Monday, 11. December 2017

Goodman gets go ahead for new 40-acre East Midlands commercial park development

Goodman has been granted full planning permission to develop over 430,000 sq ft of Grade A Logistics and Warehouse space at its new 40-acre Leicester Commercial Park development. The project is being developed in partnership with Wilson Bowden and is situated immediately adjacent to the M1/M69 intersection in Leicestershire i...
Monday, 11. December 2017

NCC builds factory expansion in Vantaa

NCC has signed a contract to build a factory expansion in Vantaa for Murata Electronics Oy. The project is a design and build contract and the value is approximately €36.5 million (SEK 365 million). The factory expansion comprises 10,177 gross square meters. A separate contract has already been signed for a parking lot, which...
Friday, 8. December 2017
Dominvs Group sells commercial portfolio for a price of c. £100 million

Dominvs Group sells commercial portfolio for a price of c. £100 million

Dominvs Group has sold a commercial portfolio totalling 1.3 million sq ft (120,770 sq m). A private buyer has purchased the portfolio for a price in the region of £100 million (c. €113.4 million), representing a net initial yield of approximately 6.75%. Fineman Ross and CBRE advised Dominvs Group on the sale.
Thursday, 7. December 2017