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BidX1 has appointed Antony Schober as Chief Operating Officer of its UK business. Schober will be responsible for overseeing the operations and expansion of the business in the country. Schober joins BidX1 from KEL Computing where he was Managing Director of the real estate valuations and analysis software development. Prior ...
Plans have been submitted to build a new hotel and student accommodation in St Andrews which would represent an investment of £23m (c. €26.2m) into the town. Robertson has submitted a planning application to Fife Council for the site at Abbey Park which aims to boost the local economy and address a clear and identified demand...
Great Portland Estates (GPE) has signed a £450 million (c. €512.8 million) unsecured revolving credit facility (RCF) at a headline margin of 92.5 basis points over LIBOR with a group of six existing relationship banks. The facility has an initial five-year term which may be extended to a maximum of seven years at GPE's reques...
Pandox AB has entered into an agreement to acquire The Midland Manchester, which is an iconic upper premium hotel with 312 rooms in the heart of Manchester in the UK. The transaction is made with Fattal Hotels Group as operating partner, whereby Pandox, following a legal reorganisation, will retain the property and the hotel ...
EPISO 4, the opportunity fund advised by Tristan Capital Partners, has acquired an office portfolio of 12 assets primarily located in Utrecht and Rotterdam, for around €118 million, from DW Partners and its operating partner Whitewood. Two-thirds of the value of the deal is represented by two office assets in Utrecht, includi...
The landmark former Tesco House in Llanishen, Cardiff, was sold to Cardiff and Vale University Local Health Board on behalf of Oval Real Estate. It is understood that Cardiff and Vale University Local Health Board will occupy the 85,000 sq ft office building, on approximately 3.25 acres, for administrative services. The exact...
Apache Capital Partners has announced a new four year £58.5m (c. €66.7m) senior debt facility, with an option to extend for two years. LaSalle Investment Management provided the senior debt financing, which is secured on The Lexington, Liverpool at Princes Dock, through its fund LaSalle Residential Finance III (LRF III). Apac...
Topland has secured a brace of lettings comprising 36,000 sq ft between them at its recently refurbished office scheme, 31 Homer Road in Solihull. Instant has taken 21,000 sq ft of space on a five-year lease on behalf of a major client, taking part of the ground and entire first floor. IT service provider CGI has taken a fiv...
CLS has completed the sale of Buspace Studios, 10 Conlan Street, London W10 for a consideration of £13.5 million (c. €15.3 million). The property comprised 32,537 sq ft (3,023 sqm) of office space and realised a profit of 4.2% above its valuation at 30 June 2018 of £12.95 million (c. €14.7 million), which was unchanged from 3...
Unibail-Rodamco-Westfield entered into an agreement with GIC for the sale of Tour Ariane in La Défense. The net disposal price of €464.9m represents a premium to the latest unaffected book value. Tour Ariane is an office building with a GLA of over 64,500 m² located in the heart of the La Défense business district (Paris regi...
Leading council figures were given a tour of the latest progress on work at the £150 million (c. €170 million) Bridgwater Gateway business park. Senior members of Sedgemoor District Council’s planning and economic development teams went on a site visit to the 100-acre mixed-use development.
Kennedy Wilson has leased the remaining office space at Leavesden Park, near Watford to Asos plc, which has taken a new 15-year term certain lease over 125,000 sq ft of space, which was recently surrendered by BT Group plc. Following a full refurbishment of the office accommodation, Asos will occupy the space from mid-2019. S...
CLS has completed the sale of Buspace Studios, 10 Conlan Street, London W10 for a consideration of £13.5 million (c. €15.4 million). The property comprised 32,537 sq ft (3,023 sqm) of office space and realised a profit of 4.2% above its valuation at 30 June 2018 of £12.95 million (c. €14.7 million), which was unchanged from 3...
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...
Carter Jonas has expanded its Infrastructure offering and its commercial valuation team, appointing Mark Talbot to a new role as Head of Telecommunications and Peter Hague as a Partner. Based in Birmingham, Talbot will work closely with colleagues in Carter Jonas’ Commercial, Planning, Development, Rural and Residential team...
Henderson Park has completed the €550 million purchase of one of Paris’ largest and most historic hotels, the Westin Paris-Vendôme, from GIC . As part of the transaction, Henderson Park has secured a senior financing package from CACIB. The European real estate investment platform has also confirmed with Marriott Internation...
Savills has relocated to Longbridge House in Belfast’s Cathedral Quarter. Up until now, the multinational firm has been based on the first floor of Lesley Studios on May Street where they have been for the past 13 years. In that time, the Belfast office has grown from the original team of 2 people to over 20 staff members. CG...
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...