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» Chronological View: " Western Europe " «

A Better Choice for Property acquires Victoria Crescent

With recent substantial funding contributions to enable the construction of the Elwick Place cinema and restaurant complex in the town centre and the opening of Ashford College, the innovative property company of Ashford Borough Council ‘A Better Choice for Property’ continues to expand since it established in 2014. Now the c...
Wednesday, 10. January 2018
AEW Ciloger acquires an office-led mixed-use building on avenue Marceau in Paris

AEW Ciloger acquires an office-led mixed-use building on avenue Marceau in Paris

AEW Ciloger has acquired, on behalf of the Fund (SCPI) Fructipierre, a fully let mixed-use building located at 6 avenue Marceau in the 8th Arrondissement of Paris. The building is ideally located in Paris’ CBD and offers 2,500 sqm of space distributed across 8 levels of offices and two street level retail premises. The buildi...
Wednesday, 10. January 2018
OD Hotels purchases building in Saint Tropez

OD Hotels purchases building in Saint Tropez

The Ibiza hotel chain, OD Hotels, has finalised the purchase of a building on the French Riviera, a mere 30 km from Saint Tropez — Avenue du Cap Nègre, 2 in Le Lavandou to be exact — with the intention of opening a hotel. It will be the group's sixth hotel and the first one to be located outside of Spain. With this deal, whic...
Wednesday, 10. January 2018
Intervest Offices & Warehouses attracts first tenant in Greenhouse Bxl

Intervest Offices & Warehouses attracts first tenant in Greenhouse Bxl

Cazimir, a team of specialised lawyers who help wealthy families and entrepreneurs with questions on legal matters and concerns regarding their assets, has opted for Greenhouse Bxl as its new office location near Brussels. As from October 2018, Cazimir will lease an office surface area of 700 m² for a fixed period of 9 years.
Wednesday, 10. January 2018
Tristan Fund acquires development site for Dublin Exo office project

Tristan Fund acquires development site for Dublin Exo office project

An opportunity fund advised by Tristan Capital Partners has agreed with the Joint Receivers Stephen Tennant and Paul McCann of Grant Thornton to purchase the prestigious Point Square development site known as The Exo in Dublin’s North Docks with development rights to build 169,150 sq.ft of prime office space.
Wednesday, 10. January 2018

Legal & General buys Stafford retail investment for UK PIF II

LGIM Real Assets, on behalf of its second UK Property Income Fund (UK PIF II), has exchanged contracts to acquire Riverside Retail Park in Stafford from LXB Retail Properties for a total consideration of £36.8m (c. €41.6m), reflecting a net initial yield of 6.8%. This acquisition marks the final acquisition for UK PIF II.
Wednesday, 10. January 2018

Future Generation secures £35m student accomodation funding from Maslow Capital

Student accommodation provider, Future Generation, has secured a £35m (c. €39.6m) development finance deal with Maslow Capital to deliver schemes in Sheffield and Colchester. The new schemes will offer 569 beds between them and will open in time for the 2019 academic year. Steel City in Sheffield has planning permission for 3...
Wednesday, 10. January 2018

Tritax Big Box acquires a national distribution facility in Cannock

Tritax Big Box REIT plc has acquired a national distribution facility at Hickling Road in Cannock, Staffordshire, which is operated and let to Unilever UK Ltd. The total consideration is £44.25 million (c. €50 million) (excluding purchaser's costs).
Tuesday, 9. January 2018
Speculative industrial development set to get underway at Bridgwater Gateway

Speculative industrial development set to get underway at Bridgwater Gateway

The first speculative industrial development in Bridgwater, Somerset, for a decade is set to get underway at the £150 million (c. €170 million) Bridgwater Gateway business park. Developers of the scheme have decided to press ahead with building 10 new industrial units ready for occupancy, in a move which has been described as...
Tuesday, 9. January 2018

DTZ Investors completes c. £700m of transactions during 2017

DTZ Investors has completed approximately £100m (c.€113m) of indirect transactions and £600m (c.€679m) of direct transactions in the UK during 2017, with a further £130m (c.€147m) under offer. Notable acquisitions made during the period have enabled the business to continue its strategy of investing in core locations with st...
Tuesday, 9. January 2018
Northern Ireland property investment market with £325m worth of transactions

Northern Ireland property investment market with £325m worth of transactions

Following a 50% drop in transactions between 2015 and 2016, Northern Ireland’s property investment market rebounded in 2017 with £325m (c. €368m) worth of deals – a 25% increase on the previous year. According to a new report from Savills Northern Ireland – who transacted 62% of all deals in the year – demand for secure city ...
Tuesday, 9. January 2018

Staycity Aparthotels plans six new property openings for 2019-2020

Following a positive trading year and 12 months of significant growth Staycity Aparthotels has announced a further six new property openings for 2019-2020. Finance director Colm Whooley said that Staycity expects 2017 turnover to have grown by 25%, with strong profit margins remaining in line with that of previous years.
Tuesday, 9. January 2018

U+I lets 94% of 12 Hammersmith Grove in London

In partnership with Aberdeen Standard Investments, U+I has let 94% of office space at 12 Hammersmith Grove. Existing tenants Perform Media Services Limited have leased the entire 5th floor and join WeWork who let 32% of the office accommodation in August 2017. They add to a growing number of global brands including All Nippon...
Tuesday, 9. January 2018

Eskmuir secures £80 million refinancing of bank debt and £95 million bond issue

Eskmuir has secured an £80 million (c. €90.7 million) refinancing deal with Royal Bank of Scotland as part of its ongoing strategy. Eskmuir has also issued and listed on the London Stock Exchange a 30-year £95m (c. €107.7m) bond, providing additional financial strength for the long-term and offering the security to complete f...
Tuesday, 9. January 2018

Aviva Investors completes refinancing for Primary Health Properties

Aviva Investors has refinanced a £75m (c. €85m) facility to Primary Health Properties plc (“PHP”). The new facility is secured against 31 modern purpose-built medical centres and matures in November 2028. The portfolio provides 37,400m² accommodation let to NHS and pharmacy tenants.
Tuesday, 9. January 2018
Logistics development in Doncaster reaches milestone

Logistics development in Doncaster reaches milestone

Work is progressing apace for the delivery of a major new logistics development in Doncaster with steelwork for the first 150,000 sq ft unit now completed and an expected completion date announced for July 2018.
Tuesday, 9. January 2018

Inner London's first Starbucks drive-thru

Inner London’s first Starbucks Drive-Thru will open early this year at Gateway Retail Park in Beckton, owned by the Standard Life Investments UK Real Estate Fund. Starbucks has signed a 15-year lease for a 1,800 sq ft newly built drive-thru unit in the retail park, due to open in early 2018. The construction of this unit was ...
Tuesday, 9. January 2018