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Scottish commercial real estate achieved a total return of 1.4% in the second quarter of 2018, a slight decline from the 1.7% realised in the first quarter. However office and industrial property have seen improved performances across the period, according to data released by CBRE. Returns for the alternative property sector ...
JLL has appointed Emma Tattersall as an associate director in its EMEA retail capital markets team, based in London. As part of the pan-European team at JLL, Tattersall will work with local colleagues to provide advice to a broad range of domestic, regional and global investor clients across the continent. She joins JLL after...
Savills Investment Management (Savills IM) has completed the final phase of a major redevelopment at St Catherine’s Retail Park in Perth in August. This latest phase, which started last October 2017, included the demolition of a 37,000 sq ft warehouse formerly occupied by B&Q and the redevelopment of 45,000-sq-ft of retail wa...
AustralianSuper has teamed up with TH Real Estate to jointly finance One Crown Place in London’s EC2 with a £280m (c. €314.8m) development facility. AustralianSuper has committed £230m (c. €258.6m) and TH Real Estate’s recently launched Global Real Estate Debt Partners - Fund II (UK) (GREDP Fund II) is participating with a £5...
Viridis Real Estate Services Limited has pre-let the entire 83,000 square feet of office space at The Ray Farringdon to LinkedIn Technology UK Limited. The Ray has been developed by Viridis on behalf of its client investors to create a new landmark building in the heart of Farringdon. Envisioned by architect AHMM, the mixed-u...
St. Modwen has appointed Danuta Gray as a non-executive director and Chair designate with effect from 1 October 2018. On appointment Gray will join the Remuneration and Nomination Committees and she will work closely with current Chairman Bill Shannon over the coming months, in preparation for his handover of the chairmanshi...
Thor Equities Europe has closed on the sale of 151 Wardour Street in Soho for £49 million (c. €55.1 million). After acquiring the 25,365-square-foot, six-story property for £43 million (c. €48.3 million) in 2017, Thor refurbished the façade and let the first through fifth floors to The Office Group (TOG). Lebanese restaurant ...
City Developments Limited (CDL) has completed the acquisition of Aldgate House, London, for £183 million (c. €205.7 million) from Hermes Investment Management and Canada Pension Plan Investment Board (CPPIB). The eight-floor commercial building is situated in the City of London and provides over 211,000 sq ft of high-quality ...
Oxane Partners has appointed Yousuf Attarwala to the newly created role of Head of Loan Servicing. Attarwala will be based out of Oxane’s London office. The creation of the role underscores Oxane’s commitment and continued focus on expanding its offering for real estate investment firms, and further strengthening the portfoli...
Residential Secure Income (ReSI) to announce the appointment of Mike Emmerich as a non-executive director of the Company, with effect from 13 September 2018. He brings considerable experience in urban development to the Board, with over 20 years of experience in delivering strategies for planning, housing, environment and inn...
On 14 September 2018 Leasinvest Real Estate signed a binding agreement with the fund Next Estate Income Fund (“NEIF”), managed by BNP Paribas REIM Luxembourg, relating to the acquisition of 100% of the shares of the company NEIF Montoyer SPRL, holding a leasehold with a remaining duration of 94 years on the office building Mo...
Construction work is underway on creating over 250 new homes at Wapping Wharf by Bristol Harbourside, widely regarded as one of the city's most exciting new neighbourhoods. Following ground preparation works, and with the construction of a retaining wall to support the historic Bristol Gaol well underway, work is now progress...
Dream Global REIT to announce the appointment of Mr. Rajeev Viswanathan as the Trust’s Chief Financial Officer effective September 14, 2018. Viswanathan replaces Tamara Lawson, who has decided to pursue another employment opportunity.
West Lindsey District Council has purchased a property in the district as part of its investment strategy to support services for local people. The news comes just weeks after the council received an unqualified audit outcome and value for money assessment from its external auditors. The council can reveal it has now purchase...
The highly prominent Metro Building, 70,000 sq. ft. of Grade A office space located on Donegall Square South has been purchased by a Private Property Trust. The asset was sold by Lisney and Osborne King. The property sold well in excess of its £21m (c. €23.6) asking price.
Munich-based investment manager Catella Real Estate AG has acquired a mix-used Complex Asterlo in Rotterdam (NL), for its Sarasin Sustainable Properties – European Cities fund from Ten Brinke Group. The development project of Ten Brinke Group consists of a commercial ground floor (2.500 m²) leased to AHold-Delhaize for it cha...
Aberdeen Standard Investments has agreed two deals for its Pan-European Residential Property Fund, a total investment of €120m in Paris and Vienna. The fund was launched in March this year after raising an initial €355 million, and now has a portfolio of 610 apartments in operation or being developed in Denmark, Austria and F...
Helical has exchanged contracts on the sale of The Shepherds Building in West London to Workspace Group for £125.3m (£835 psf /), representing a net initial yield of 4.8% rising to 5.1% on expiry of rent frees. The sale represents a 12.4% premium to 31 March 2018 book value.