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» Chronological View: " Western Europe " «

McArthurGlen appoints Shaeren McKenzie as Chief Brand Officer

McArthurGlen appoints Shaeren McKenzie as Chief Brand Officer

The McArthurGlen Group has appointed Shaeren McKenzie, currently Group Marketing Director, as its first Chief Brand Officer. In this newly-created role, McKenzie will focus on developing McArthurGlen’s consumer proposition, working in close cooperation with the company’s luxury and fashion brand partners, and developing and a...
Monday, 16. April 2018
International investors dominate Glasgow office market during record year

International investors dominate Glasgow office market during record year

International investors ploughed £300m (c. € 346.5m) into Glasgow’s office market in 2017, significantly outgunning domestic buyers during the city’s busiest 12 months for office investment since the financial crash, according to property consultancy JLL. A total of £461m (c. €532.4m) was spent across 23 office deals in 2017,...
Monday, 16. April 2018
Aviva Investors makes senior hires in real estate business

Aviva Investors makes senior hires in real estate business

Aviva Investors appointed Daniel McHugh as Head of UK Real Estate and Melanie Collett as Head of Real Estate Asset Management. Based in London, McHugh joined on April 16 and reports to Ed Casal, Chief Executive – Aviva Investors Real Estate. McHugh will be responsible for all direct real estate activity in the UK; leading the...
Monday, 16. April 2018

Leading Hammerson investor to vote against intu deal

Dutch pension fund APG, which owns a 7.2% stake in Hammerson, said the proposed £3.4bn takeover of Intu doesn’t take into account the current state of the UK high street. The proposed offer of 0.475 new Hammerson shares for each Intu share was “insufficiently attractive” to shareholders, said APG, which owns an 7 per cent sta...
Monday, 16. April 2018

Klépierre pulls out of Hammerson bid

Klépierre withdrew from a bid to acquirere British Hammerson. According to the French retail property company, it had “concluded that it does not intend to make an offer for Hammerson after failing to tempt Hammerson with £5.04bn (c. €5.8bn)proposal worth 635p (c. €7.3) per share earlier this week. Klépierre had made repeated...
Friday, 13. April 2018

Sidley Austin LLP agrees pre-let at 70 St Mary Axe​

TH Real Estate has completed a major pre-letting to Sidley Austin LLP, which will see the international law firm move its London operations to 70 St Mary Axe, EC3. Sidley is to acquire 100,000 sq ft on a long-term lease of space in the upper section of the building, with options on approximately 34,000 additional sq ft. The d...
Friday, 13. April 2018

Good take-up recorded in the Dublin industry & logistics sector in Q1

Figures for the volume of leasing and sales activity in the industrial and logistics sector in Dublin in the first quarter of 2018, released by CBRE Ireland shows that 56 transactions signed in the capital in the three months to the end of March. According to CBRE Research, 58% of the total volume of industrial take-up record...
Friday, 13. April 2018

Rockspring completes c. €400 million of disposals for TransEuropean V

Rockspring Property Investment Managers LLP announces that since Q4 2017 it has contracted the sale of eight investments on behalf of its Europe-wide value add investment programme, TransEuropean Property Limited Partnership V (“TEP V”), for a total of circa €400 million. Just under 85% of the fund has now been liquidated wit...
Friday, 13. April 2018

TH Real Estate backs Wembley Park BTR with £36m loan

Quintain has secured a £36m (c.€41.5m), five year investment loan from TH Real Estate on its second build to rent development, Alto, at Wembley Park. The refinancing allows the company to accelerate the development of the Wembley Park Masterplan and look ahead to the delivery of further build-to-rent buildings in 2018 and bey...
Friday, 13. April 2018

NewRiver REIT to pay out dividend of 5.25 pence per share

NewRiver will pay out a fourth quarterly dividend of 5.25 pence (c. €0.05) per share in respect of the year ending 31 March 2018. The dividend per share therefore totals 21.0 pence (c. €0.24) for the financial year, which is a 5% increase on the prior year. This dividend will be paid as a Property Income Distribution (PID). T...
Friday, 13. April 2018
Ivanhoé Cambridge hires LaSalle IM's Habra as head of Europe

Ivanhoé Cambridge hires LaSalle IM's Habra as head of Europe

Ivanhoé Cambridge has appointed Karim Habra, LaSalle Investment Management’s head of continental Europe, as Head of Europe. He will be responsible for the company’s European platform and its future growth. Habra, who begins his role in July, will be based in the company’s European headquarters in Paris.
Friday, 13. April 2018

Overall confidence in the logistics and supply chain sector increased

Irish logistics businesses are seeing a recovery in confidence despite a challenging trading environment over the past 12 months, Irish logistics businesses are seeing a recovery in confidence. That's the result of the 3rd edition of the CBRE Ireland Logistics & Supply Chain Confidence Index for 2018, which has been released...
Friday, 13. April 2018
Montea signs two new leases for Liege Airport

Montea signs two new leases for Liege Airport

As already announced on 8 November 2017, Montea started at Liège Airport with the development of ca. 20,000 m² in warehouse units and related offices. In phase 1 and 2, ca. 12,200 m² are being developed, 5,200 m² of which have already been let to Malysse-Sterima (phase 1). In the meantime, Montea has let the remaining floors...
Friday, 13. April 2018
Laurent Bataille appointed as Gecina’s Technical Director

Laurent Bataille appointed as Gecina’s Technical Director

Laurent Bataille has joined Gecina as Technical Director, reporting to Valérie Britay, Executive Director Offices. He will be responsible for office and residential assets. He will also provide support and expertise for the Group’s development projects and investments.
Friday, 13. April 2018

Knight Frank highlights undersupply of retirement housing

Current stock levels of retirement housing and projected demographic changes highlight a critical undersupply of age-appropriate homes. In the latest Knight Frank report „The Case for Retirement Housing“, the firm assesses the drivers of this imminent crisis. There are currently 11.8 million people in the UK over the age of 6...
Friday, 13. April 2018

New Holiday Inn Express opens at Charles De Gaulle Airport

Directly connected to Terminal 1, the largest Holiday Inn Express in France has opened at the Charles de Gaulle (CDG) Airport. The newly built 305-room „Holiday Inn Express Paris - CDG Airport“ offers space which for business meetings as well as easy access to Charles De Gaulle Airport as well as speedy transport links into c...
Friday, 13. April 2018
Chris Lewis and Daniel Duce promoted at Carter Towler

Chris Lewis and Daniel Duce promoted at Carter Towler

Leeds-based Carter Towler has promoted Chris Lewis and Daniel Duce. Lewis is now a associate director and Duce is an associate. Commenting on the promotions, managing director Ian Greenwood said that “Chris is an extremely loyal and hardworking member of our property management division. Since he joined Carter Towler aged jus...
Friday, 13. April 2018

Local authorities spend £3.8 billion on commercial property assets

Carter Jonas and Revo have unveiled that local authorities have spent around £3.8 billion (c. €4.4 billion) on commercial property assets between 2013-2017. Spelthorne Borough Council in Surrey, which contains the towns of Ashford, Shepperton, Staines and Sunbury, was the biggest local authority investor committing £477.1 mil...
Friday, 13. April 2018