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» Chronological View: " Western Europe " «

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
Cushman & Wakefield appoints new Head of London Markets

Cushman & Wakefield appoints new Head of London Markets

Cushman & Wakefield has appointed Toby Ogden as Head of London Markets. Since joining the firm’s graduate scheme in 2006, Ogden, 34, has advised companies on their real estate strategies in London. In the last three years, this includes securing new headquarters for: Apple (500,000 sq ft at Battersea Power Station); Facebook ...
Tuesday, 12. December 2017
M&G Real Estate secures new deal with Dahua at Quantum

M&G Real Estate secures new deal with Dahua at Quantum

M&G Real Estate has signed a new letting with the Dahua Technology at Quantum in Vanwall Business Park, Maidenhead. The new letting will see the technology company take 4,973 sq ft on a five-year lease, relocating from serviced offices in Maidenhead town centre. Savills and Hanover Green acted for M&G Real Estate, and Vail Wi...
Tuesday, 12. December 2017

LXi REIT signs fixed rate 11.5-year term loan facility of £40 million

LXi REIT has signed a new 11.5-year, fixed rate, interest only loan facility of £40 million (c, €45.3 million) with Scottish Widows Limited, acting in partnership with Lloyds Bank Commercial Banking. This second facility has a fixed all-in rate payable of 2.85% per annum, for the duration of the loan term. The company's avera...
Tuesday, 12. December 2017
Skechers opens in Union Square and Westquay

Skechers opens in Union Square and Westquay

Skechers is to open its first standalone store in Hammerson's portfolio in Aberdeen at Union Square and in Southampton at Westquay. The new 2,260 sq ft store at Union Square will be located on the ground floor where it will trade alongside other fashion brands including Zara, River Island and Superdry.
Tuesday, 12. December 2017

Seneca Property acquires Brightgate House in Manchester

Seneca Property has completed the freehold acquisition of Brightgate House, 1 Brightgate Way, Trafford Park, Manchester, from London & Oriental, its second significant acquisition since launch in September this year, with further completions currently progressing. Brightgate House is a freehold grade A office building compris...
Tuesday, 12. December 2017
Stoford Developments builds ERA's new HQ at the i54 business park

Stoford Developments builds ERA's new HQ at the i54 business park

Home security firm ERA sees construction of its state-of-the-art headquarters reaching completion, Stoford Developments announced. ERA's 135,625 sq ft research and development, manufacturing and distribution HQ at the i54 business park brings together three existing facilities in the West Midlands. These sites, in Coventry, W...
Tuesday, 12. December 2017

GPE secures major office pre-let in London

The Great Ropemaker Partnership, a 50:50 joint venture between Great Portland Estates plc and Ropemaker Properties (the property nominee of the BP Pension Fund), has pre-let 98,100 sq ft in its new development at 160 Old Street, in London to Turner Broadcasting System Europe Limited.
Tuesday, 12. December 2017

Woonzorg Nederland and Amvest acquire acquired 1,728 homes from Patrizia

Woonzorg Nederland and Amvest have acquired 1,728 homes spread over 61 complexes across the Netherlands from Patrizia. The total investment comprises €200 million. It is the first time that an investor and a housing association have joined forces to acquire a portfolio of this size.
Monday, 11. 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

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
Blend Property and Westminster Real Estate sell 35 Chiswell Street for £14.85 million

Blend Property and Westminster Real Estate sell 35 Chiswell Street for £14.85 million

A joint venture between Blend Property UK and Westminster Real Estate have sold 35 Chiswell Street, a prime freehold central London investment opportunity, to a private investor for £14.85 million (c. €17 million) reflecting a capital value of £859 (c. €985) per sq ft and a net initial yield of 4.13%. Blend Property UK and We...
Friday, 8. December 2017

Cofinimmo leases space in the Belliard 40 office building

Cofinimmo contributes to the profound transformation of the Rue Belliard/Belliardstraat in Brussels with the reconstruction of its building located at No. 40. The complex offers 18,700 m² of office space and has been recognised by the Brussels-Capital Region as 'Exemplary building' since its inception. Cofinimmo has signed le...
Friday, 8. December 2017

Urban Union submitted planning for next phase of regeneration at Pollokshaws

Glasgow’s Pollokshaws area is a step closer to its next phase of regeneration after developers Urban Union submitted their planning application to Glasgow City Council. The application, from regeneration experts Urban Union and architects and town planners Barton Willmore, includes plans for 137 residential properties, landsc...
Friday, 8. December 2017
Kames Capital acquires £6.72 million central Cardiff office

Kames Capital acquires £6.72 million central Cardiff office

Kames Capital, advised by V7 Asset Management, has completed the off-market acquisition of a central Cardiff office building from 101 Asset Management for £6.72 million (c. €7.7 million), reflecting a net initial yield of 8.5%. Golate House comprises two connecting buildings, with dual frontages onto 98-101 St Mary Street and...
Friday, 8. December 2017

Hermes lets 80,000 sq ft at Aldgate House in London

Hermes Investment Management and Canada Pension Plan Investment Board (CPPIB), have announced 80,000 sq ft of lettings at the recently refurbished Aldgate House. TransPerfect Translations Limited will occupy 26,256 sq ft of space on the first floor, while Taboola Europe Limited, an online discovery platform, will occupy 26,24...
Friday, 8. December 2017

Aviva Investors finances portfolio acquistion for Ediston Property Investment Company

Aviva Investors has completed on a £54.16m (c. €62.1 million) fixed rate 10-year facility to a wholly owned subsidiary of Ediston Property Investment Company Plc. The facility has been provided to assist with the acquisition of four retail warehouse parks located in Prestatyn, Widnes, Hull and Barnsley purchased from the Stad...
Friday, 8. December 2017