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Western Europe

Numa expands Dutch portfolio

Numa Group is driving its expansion strategy in The Netherlands with a new central property in The Hague. The newest 51-unit property in the country is in partnership with the Dutch investment developer Re:Born.
Tuesday, 16. April 2024

Henry Boot offloads Cambridgeshire land to Barratt

Hallam Land Management (HLM’) has unconditionally exchanged contracts for the sale of 494 residential plots in Chatteris, North Cambridgeshire, to the David Wilson Homes division of Barratt Developments. The sale will complete in July 2024, with the transaction resulting in an ungeared internal rate of return of 15% p.a.
Tuesday, 16. April 2024

London hits top spot as most expensive city for construction worldwide

London has narrowly overtaken Geneva to top the rankings once again as the most expensive city in the world in which to build, according to the latest Arcadis 2024 International Construction Costs (ICC) report, released by the global design and engineering consultancy today.
Tuesday, 16. April 2024

Thomas House opens with Lucera as first tenant

As the demand for bespoke business workspace solutions across Belfast city continues to grow, serviced office provider, venYou has officially opened its newest location, Thomas House, following an extensive and complete refurbishment.
Tuesday, 16. April 2024

CLS sells Westminster Tower to London Square Group

CLS has sold a London office to residential development opportunity: The company has conditionally exchanged the sale of Westminster Tower, Albert Embankment, to London Square Group. The purchase price of £40.8m is in line with the valuation as at 31 December 2023.
Monday, 15. April 2024

Hines forward funds 500+ net zero homes in Newcastle

Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Monday, 15. April 2024

Karis Capital bolsters residential mortgage offering

Karis Capital has completed the acquisition of an established regulated financial services business, which will strengthen its existing regulated mortgage offering. The purchase, which was completed in March 2024 for an undisclosed sum, will provide the company with enhanced FCA permissions, offering extra protection and secu...
Friday, 12. April 2024

Aedifica completes 10 projects

During the first quarter of 2024, ten projects from Aedifica’s investment programme were completed in Germany, the United Kingdom and Finland for a total amount of approx. €74 million.
Friday, 12. April 2024

UK hotel investment hits post-pandemic high

Approximately £1.7bn of UK real estate was transacted by hotel investors in the first quarter of 2024, according to new data from Cushman & Wakefield. This represented a surge in activity to the tune of 138% versus Q1 2023.
Friday, 12. April 2024

Swarovski returns to Merry Hill

Swarovski is returning to West Midlands flagship destination Merry Hill with a standalone boutique set to launch this spring. The new store, spanning 2150 sq ft between Goldsmiths and Beaverbrooks on the Upper Mall, will feature the retailer's latest shop fit. Swarovski adds to the destination's strong line-up of watch and je...
Thursday, 11. April 2024

Clarion acquires logistics property in Venlo from Patrizia

Clarion Partners Europe has completed the acquisition, on behalf of one of its co-mingled funds, of a 41,304 sqm Grade-A logistics property in Venlo, The Netherlands, for €47.4 million, from Patrizia SE. It takes Clarion Partners Europe's total deployment in The Netherlands to €222 million in 2024, in what continues to be one...
Thursday, 11. April 2024

IINO Kaiun Kaisha acquires 111 Strand from ESAS

IINO Kaiun Kaisha purchased 111 Strand in London from ESAS Holdings. The building comprises 37,781 sq ft of Grade A office and retail accommodation, arranged over lower ground, ground and six upper floors. The building occupies a prominent corner site with a 100 ft frontage on to the Strand and benefits from close proximity t...
Thursday, 11. April 2024