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UK

Pandox acquires hotel in the UK for MGBP 40

Pandox has acquired and gained access to a hotel property including hotel operations in central Bath from Starwood Capital Group. The hotel has 176 rooms and will be operated under a new management agreement with Axiom Hospitality, subject to a franchise under the DoubleTree by Hilton brand. The total acquisition price amount...
Friday, 23. September 2022

TOG and FORA complete merger

Following approval from the Competition and Markets Authority (CMA), TOG and Fora to announce the completion of their merger, bringing together two highly complementary businesses with similar cultures and portfolios of high-quality, design-led workspaces.
Friday, 23. September 2022

Tristan Capital Partners’ acquires 999-bed PBSA in Liverpool

Tristan Capital Partners’ CCP 5 Fund along with its joint venture partner, Bricks Group, has acquired a 999-bed purpose-built student accommodation asset in the city of Liverpool from Aura Investors LLP for £110 million.
Thursday, 22. September 2022

Orchard Street completes two lettings at Mortimer Street

Orchard Street Investment Management has completed two lettings at its newly refurbished Mortimer Street office building in London’s Fitzrovia, leasing more than 13,000 sq ft of space across three floors which takes the scheme to full occupancy.
Thursday, 22. September 2022

AXA IM Alts revises its business lines

AXA IM Alts announces that it is evolving its internal organisation structure to more effectively reflect the business’ growth since the formation of AXA IM Alts in March 2020 and to prepare for its next stage of growth. This evolution organises AXA IM Alts existing platforms into five dedicated business lines and is supporte...
Thursday, 22. September 2022

Clearbell acquires 1,050 student accommodation beds in Aberdeen

Clearbell Property Partners III LP (Clearbell), in partnership with PBSA specialist property consultancy Iceni Property Asset Management, announces the acquisition of six purpose built student accommodation residences in Aberdeen from Unite Students as part of the growth of its Every Student brand.
Thursday, 22. September 2022

Landsec and Lendlease exchange contracts on 21 Moorfields for £809m

Landsec has exchanged contracts for the sale of 21 Moorfields, EC2 to an investment vehicle managed by Lendlease. The total consideration for the sale amounts to £809m, which, after outstanding development-related items results in a net cash receipt to Landsec of £733m. Rothesay is providing financing for the acquisition w...
Wednesday, 21. September 2022

European Retail market: the recovery has been taking hold

Retail investment has picked up, with H1 2022 figures the highest in three years. Footfall improved in every European city, and many retailers reported an increase in turnover. Prime rents were stable in most markets. Rents in luxury streets are on the rise again while the general trend for mass-market streets is still downwa...
Wednesday, 21. September 2022

Colliers joins line up at 103 Colmore Row

Colliers has become the tenth occupier to sign at 103 Colmore Row – Birmingham’s tallest office building which is being developed by EPISO 4, a fund managed by Tristan Capital Partners, and Sterling Property Ventures.
Wednesday, 21. September 2022

Blackstone and Bourne Leisure agree sale of Butlin’s for £300m

Blackstone and Bourne Leisure today announced that funds managed by Blackstone’s private equity and real estate businesses have agreed to the sale of Butlin’s, the iconic British seaside resorts to a newly formed company backed by the Harris family for a reported £300 million.
Wednesday, 21. September 2022

Amro hits £1bn transaction milestone

Amro Partners has acquired a 200,00 sq ft office building in Sutton for its next Build to Rent project, taking its total transaction volume since the company’s inception in 2012 to over £1 billion.
Wednesday, 21. September 2022

Decline in performance of European non-listed real estate market

The INREV Pan-European Quarterly Asset Level Index has revealed a decline in performance for the European non-listed real estate market in Q2 2022. Delivering a total return of 2.69%, performance was significantly lower than the previous quarter when total returns amounted to 4.01%.
Monday, 19. September 2022

Barings forward funds core logistics asset in NW England

Barings, on behalf of its pan-European logistics joint venture (PELV), has completed a deal to forward-fund a Grade A logistics asset in Omega Business Park, in the north west of England, from Miller Developments.
Thursday, 15. September 2022