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L&G’s Leeds Tower Works BTR scheme tops out

Construction of the historic Tower Works scheme on Globe Road in Leeds city centre has reached a significant milestone with a topping out ceremony. Representatives from the project team gathered to mark the occasion which was led by a speech from Sir Andrew McAlpine.
Wednesday, 10. August 2022

Aedifica invests €16m in two Finish care properties

Aedifica continues to expand its healthcare real estate portfolio by investing approx. €16 million in the development of a child day-care centre and a care home. Upon completion of the works, the buildings will welcome up to 42 children and 110 elderly people.
Tuesday, 9. August 2022

Harrison Street And DeA Capital launch BTR Joint Venture

Harrison Street and DeA Capital S.p.A. (DeA) today announced the formation of a new joint venture (JV) to develop built-to-rent (BTR) residential housing across Spain. The JV also announced its first development of a seed portfolio of 441 BTR units located across two properties in Seville. DeA Capital Iberia, DeA’s Spanish su...
Monday, 8. August 2022

Greystar acquires Vienna resi development from S+B for €180m

Greystar has acquired a 380-unit residential development in Vienna-Brigittenau as part of its collaboration with a globally active institutional investor to build a diversified, high-quality rental housing portfolio in Germany and Austria. Austrian project developer S+B Gruppe is selling the project at a fixed price for turnk...
Monday, 8. August 2022

Redevco acquires 3.24-acre site in Glasgow from CBRE IM

Redevco has acquired 11 Minerva Way in Glasgow on behalf of one of its investor clients. The seller, CBRE Investment Management, has already secured a planning consent for roughly 200 residential units. The 3.24-acre (1.3 ha) site includes a single 45,871 sq. ft (4,262 sqm) property with a ground and mezzanine floor let to Nu...
Friday, 5. August 2022

Home REIT buys 199 properties for £85.1m

Home REIT has acquired 199 additional properties located across England for an aggregate purchase price of £85.1 million (including acquisition costs).
Friday, 5. August 2022

European real estate investment acutely impacted by geopolitical crisis

Heightened geopolitical risk, persistent high inflation, and a possible recession will place European real estate under acute pressure in H2 2022. However, the asset class is expected to continue to provide longer-term stability for core investors via carefully curated portfolios, as well as offering new opportunity for inves...
Friday, 5. August 2022

Multi leases 883 sqm to Wroclaw City Hall

Multi Corporation has signed a lease agreement for the Resident Service Centre (RSC) of the Wrocław City Hall in the Magnolia Park shopping centre the company manages.
Thursday, 4. August 2022

Five Quarters secures three healthcare properties in three months

Five Quarters Real Estate AG (5QRE) has completed three investments for its „5QRE Healthcare Infrastructure Deutschland 01“ fund within a few weeks. Healthcare properties in Freital, Wilhelmshaven and Hilden were acquired for a mid-double-digit million amount. All properties are standing properties with a long-term and cohere...
Thursday, 4. August 2022

Harrison Street, CA Ventures to develop PBSA asset in Leeds

Harrison Street and CA Ventures announced that their joint venture will develop a 548-bed purpose-built student accommodation (“PBSA”) in Leeds. The property will be managed by CA’s in-house PBSA management company, Novel Student, upon completion, which is expected in the third quarter of 2024.
Thursday, 4. August 2022

Socius and Railpen t£165 million Devonshire Gardens in Cambridge

Cambridge City Council has resolved to grant planning consent for Devonshire Gardens, a new sustainable neighbourhood in the heart of Cambridge to be delivered by mixed-use developer Socius and Railpen, the investment manager for the £37 billion railways pension schemes.
Thursday, 4. August 2022