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» Chronological View: " Western Europe " «

Commerz Real leases out 3,100 square metres to three new tenants

Commerz Real has leased out a total of 3,100 square metres in its office and retail property “180 Great Portland Street” in London’s West End to James Grant, Quintain and Sard Verbinnen & Co (SVC). St. Modwen and Dentsu Aegis have extended their lease contracts. Thus the occupancy rate for the property is approx. 95%. Erected...
Thursday, 12. July 2018

Highgrove Group secures full planning approval major Gateshead scheme

Highgrove Group has been granted full planning approval for the development of up to 2.5 million sq ft of high bay distribution or industrial accommodation at a site immediately south of the Follingsby Park Industrial development in Gateshead. According to Highgrove Group, site infrastructure and enabling works on the develop...
Thursday, 12. July 2018

Grainger appoints David Prescott as Director of Strategy and Corporate Finance

Grainger has appointed David Prescott as Director of Strategy and Corporate Finance. He will join Grainger's executive committee, switching from Kempen. Previously, he has worked as a research analyst at Barclays bank and Aviva Investors. Prescott will work closely with Chief Executive Helen Gordon on the company's strategy w...
Thursday, 12. July 2018

Bumper Glasgow office deals produce record-breaking half year

Glasgow’s commercial property market continued its impressive start to 2018, with levels of office occupier take-up hitting a ten year high, according to data from JLL. In the market’s busiest six months for a decade, total take-up across Glasgow’s city centre reached 326,313 sq ft between April and June, spread across 32 dea...
Thursday, 12. July 2018

Welput completes letting of 37,687 sq ft office space to The Office Group

The Welput fund, managed by Schroders Real Estate and advised by Grafton Advisors, has let the 37,687 sq ft office space at Orion House in Covent Garden to The Office Group for a rent of £62.50/sq ft (c. €70.6/sq ft). Welput was advised by Colliers International and The Office Group was advised by BNP Paribas Real Estate.
Wednesday, 11. July 2018

Adam Smith and Alex Wilshaw to join Warehouse REIT

Warehouse REIT has appointed Adam Smith as Senior Asset Manager, responsible for Midlands and Alex Wilshaw as an Asset Manager working on the Southern region. Effective immediately, Smith and Wilshaw join the company’s 13-strong team with responsibility for managing Warehouse REIT’s c. £300 million (c. €339.1 million) portfo...
Wednesday, 11. July 2018

Green REIT leases entirety of 5 Harcourt Road to WeWork

Green REIT is to lease the entirety of 5 Harcourt Road, Dublin, to a WeWork subsidiary for an annual rent of €3 million. The workspaces provider signed a 20-year lease with no break options. The newly developed Harcourt Road office building in Dublin city centre is set to be completed in July 2018 and comprises 50,000sq ft o...
Wednesday, 11. July 2018

TNR takes 27,000 sq ft at Canmoor’s Westway Park

By taking 27,000 sq. ft. at Westway Park in Renfrew, TNR is upsizing operations from an existing base at Linwood. The unit at Westway will be used for production. TNR Packaging and Case-making has entered leasing agreement for Block A (Units 1 and 2), which extends to 27,000 sq ft. The units also include office space and will...
Wednesday, 11. July 2018

Kennedy Wilson completes Irish PRS joint venture with AXA Investement Managers

Kennedy Wilson has completed the formation of its PRS joint venture with AXA Investment Managers - Real Assets . AXA IM - Real Assets acted on behalf of its clients, as it seeks further development and investment opportunities across the country. The joint venture currently totals 1,173 units across three of Kennedy Wilson’s ...
Wednesday, 11. July 2018

Uniserve adds Brackmills 192 to Midlands portfolio

Uniserve has signed a 10-year lease for the distribution warehouse at Goodman's Brackmills 192, and is thus growing its portfolio. The logistics and trade management provider will use the 192,288 sq ft Northampton facility to provide supply chain services for a new client and support ongoing growth. The recently refurbished p...
Wednesday, 11. July 2018

Deka´s acquires Paris Metropolitan from JP Morgan for c.€250m

Deka Immobilien GmbH has purchased the “Metropolitan” (23 rue Philibert Delorme) office property in Paris. The property was sold by a fund managed by JP Morgan Asset Management, and will be added to the open-ended real estate fund WestInvest InterSelect. The parties agreed not to disclose the purchase price, but according to ...
Tuesday, 10. July 2018

Estee Lauder's The Cosmetic Company signs for Springfields Outlet

Sanderson Leisure and Retail (SLR) has announced it has signed The Cosmetic Company Store, part of the Estee Lauder Companies, for Springfields Outlet in Lincolnshire. The retailer is set to open a 1,860 sq ft unit at the 200,000 sq ft Springfields Outlet.
Tuesday, 10. July 2018

L&G completes Kingsditch Trade Park acquisition and sells office scheme in London

LGIM Real Assets (Legal & General) has completed the acquisition of Kingsditch Trade Park, Cheltenham, for £20.523 million (c. €23.2 million), reflecting a net initial yield of 5.30%. The asset has been bought on behalf of Legal & General’s Industrial Property Investment Fund (IPIF) from M&G Real Estate. In addition, Legal & ...
Tuesday, 10. July 2018

Cushman & Wakefield appoints Adam Cookson as Partner

Cushman & Wakefield has appointed Adam Cookson as a Partner in the Logistics & Industrial EMEA team within its Global Occupier Services (GOS) business. Based in Birmingham, he is the latest arrival in the firm’s GOS EMEA team, which helps clients make intelligent business decisions that optimise the value from the spaces they...
Tuesday, 10. July 2018

LCI adds office building in Edingburgh to its portfolio

The Leading Cities Invest (LCI) has acquired the Greenside office building at 12 Blenheim Place in the center Edinburgh. The five story building, which was originally built by Scottish Equitable for their own occupation in 1989, has undergone comprehensive refurbishment and updating by Chris Stewart Group and is currently bei...
Tuesday, 10. July 2018

Henderson Park acquires Woolworth House from Hermes Investment for £94m

Henderson Park has acquired Woolworth House at 242/246 Marylebone Road in London NW1 for £94 million from Hermes Investment Management. The office building at 242/246 Marylebone Road comprises eight storeys on 159,000 sqft. The building originally served as Woolworths UK headquarters, and is now fully let with BNP Paribas as ...
Tuesday, 10. July 2018

Blue Marble sells Hartlepool gym for about £1.4 million

Blue Marble Asset Management has sold the freehold of a Hartlepool gym for close to the asking price of £1.4 million (c. €1.6 million), representing a net initial yield of just over 3.75%. Acting on behalf of Pemberstone, Tim Matthews, Chief Executive of Birmingham-based real estate asset management company Blue Marble, sold ...
Tuesday, 10. July 2018

Addington Capital founders launch „Addliving“

The founders of Addington Capital, Martin Roberts and Matthew Allen have launched “Addliving”, an independent management and leasing platform to service the growing PRS/BTR sector in the country. In addition, they appointed Erdal Kacar as head of operations. He will join the company from L&Q, where he was responsible for the ...
Tuesday, 10. July 2018