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» Chronological View: " Western Europe " «

Prologis closes pan-European portfolio sale to Ares Management

Prologis has sold a portfolio of assets to funds managed by Ares Management, L.P. The portfolio comprises 21 assets totalling 450,930 square metres and three land sites totalling 276,700 square metres. The assets are located throughout France, Germany, the Netherlands, Poland, Spain and the United Kingdom. According to inform...
Tuesday, 13. February 2018

Baring finances No.1 Spinningfields aquisition

Barings Real Estate has financed the high-profile £201 million (c.€226.30 million) acquisition of No. 1 Spinningfields in Manchester by a joint venture set up and managed by Schroder Real Estate Investment Management with an £81 million (c.€91.19 million) facility.
Tuesday, 13. February 2018
Utility contractor appoints for Queens Quay

Utility contractor appoints for Queens Quay

Clydeside Regeneration Limited has appointed a contractor to undertake utility works at Queens Quay, the £250 million (c.€281.46 million) regeneration project on the site of the former John Brown’s shipyard in Clydebank.
Tuesday, 13. February 2018

Brookfield buys Oaktree's serviced apartment business for €485m

Brookfield Property Partners has exchanged contracts to acquire Oaktree Capital Management's serviced apartment business SACO for £430m (€485m). The US asset manager placed the business under offer in October last year, and fought off competition from other investors – including Mapletree and Invesco on behalf of its new Euro...
Tuesday, 13. February 2018

LXi REIT acquires the freehold interest in a portfolio of supported living properties

LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Colchester, Essex (74%), Birmingham (17%) and Dover, Kent (9%). The purchase price for the portfolio is £6.2 million (c. €7 million), reflecting a net initial yield of 6.0% (...
Tuesday, 13. February 2018

Ilmarinen invests in office properties in Berlin and Amsterdam

End of 2017, Ilmarinen has invested in office properties in Germany and the Netherlands. Both investments are joint ventures with an open-end real estate retail fund managed by Amundi Real Estate, and Ilmarinen has a 49 per cent stake in the properties.
Tuesday, 13. February 2018

Helical sells three industrial units for £20m

Helical has completed the sale of three logistics assets to a fund managed by Clearbell Capital LLP for a total of £20.25 million (c.€23m). The assets are Aspect Way in Doncaster (122,600 sq ft), Sandal Stones Road in Doncaster (153,500 sq ft) and Wyatt Way, Thetford (127,600 sq ft). The sale, at a combined 4% premium to Sept...
Friday, 9. February 2018

Crosslane secures conditional planning consent for new development in Dublin

Crosslane Student Developments has secured planning consent to deliver a 207-bed purpose-built student accommodation development scheme in Dublin. The project will be Crosslane’s first student development in the city and in the Republic of Ireland. Completion of the scheme is due in time for the 2019/2020 academic year and Pr...
Friday, 9. February 2018

Invesco announces Hounslow build-to-rent project

Meyer Homes has partnered with Invesco Real Estate (Invesco) to deliver 255 Build-to-Rent (BtR) units in the London Borough of Hounslow, West London. The forward-funded development, which closed at the end of December 2017, was acquired for a total gross investment of c.£107m (c.€121m) for Invesco’s dedicated UK residential s...
Friday, 9. February 2018

Further brands sign for The Lexicon Bracknell

The Lexicon Bracknell has signed two new top brands, Skechers and Whittard of Chelsea, building on a successful first four months of trading. The new signings take the total number of new brands, The Lexicon has brought to the town centre, to 38. Since opening in September 2017, The Lexicon has consistently received positive ...
Friday, 9. February 2018

Cheshire Oaks designer outlet starts construction on new phase

McArthurGlen designer outlet Cheshire Oaks construction on the much anticipated 40,000 sq ft. extension will begin in February, marking an exciting new chapter for the UK's largest designer outlet owned by TH Real Estate. The new phase will introduce an additional 25 new premium fashion and food and beverage brands, bringing ...
Friday, 9. February 2018

Mike Slade steps down from the board of Helical

Helical has informed that Mike Slade, Non-Executive Chairman, step down the board of his intention from his role at the company’s annual general meeting in July 2019.
Friday, 9. February 2018

NewRiver REIT appoints David Lockhart to Executive Deputy Chairman

NewRiver announced David Lockhart's decision to take a leave of absence due to ill health. During this period Lockhart's health has continued to improve but he has also considered his future involvement in the business. Following consultation with the board of NewRiver, David has made the decision to step down as chief execut...
Friday, 9. February 2018

Annual Edinburgh office space take-up surpasses 1 million sq ft

According to the latest research from CBRE Scotland, Edinburgh has surpassed the 1,000,000 sq ft take-up mark for the first time since 2004, with 1,138,500 sq ft of office space transactions across the four quarters of 2017. The 2017 take-up reported was also higher than the previous 5-year total of 808,833 sq ft, with large ...
Friday, 9. February 2018

Sedulo Group takes 6,500 ft of quality office space in Leeds

EPIC will be welcoming Sedulo Group, a provider of commercial accounting and business consultancy Services, to St Paul’s House, a stunning Grade II star listed office building overlooking Leeds’ picturesque Park Square. Sedulo Group will occupy 6,534 square feet of the 65,066 square foot property, and is set to move in in Ma...
Friday, 9. February 2018

Strong year for Dublin industrial market

Take-up for Q4 totalled 887,417 sq ft across 45 deals. This is more than twice the take up for last quarter and pushes year end volumes for 2017 2.5 million sq ft which is comparable to levels achieved in 2016. The main cause for the increase in take-up compared to last quarter is the increase in the number of larger-sized de...
Friday, 9. February 2018