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The voluntary public takeover offer by Vonovia SE to all shareholders of Buwog AG has ended successfully. The extended acceptance period lapsed on 18 June 2018, 17:00 hours (CEST), in the course of which additional shares were tendered into the takeover offer. Furthermore, Vonovia has acquired Buwog shares on the market and b...
Construction has begun on Crosslane's 207-bed purpose-built student accommodation development on Carman’s Hall in Dublin. The project will be Crosslane’s first student scheme in the city and in the Republic of Ireland. The scheme comprises three residential buildings of between three and six storeys, with 207 high-specificati...
Harworth Group plc has purchased the 350-acre former Ironbridge coal-fired power station in Shropshire for an undisclosed sum, further growing the company’s strategic land bank and expanding its presence in the Midlands. Located adjacent to Ironbridge town centre, the site comprises around 240 acres of brownfield land and a n...
The 350-apartment Saffron Court project in Nottingham, designed by architects maber and built by Winvic Construction for the Cassidy Group and Cording Real Estate Group on the former Hicking Pentecost site near London Road, is already proving a catalyst for the regeneration of the City’s south side with a neighbouring develo...
On 25 June the Wild West End Garden, which won a gold award at Chelsea Flower Show last month, will open on Old Quebec Street in London’s West End providing a new tranquil space for visitors to enjoy in the midst of the bustling West End, and boosting the area’s connection to the natural world.
The public takeover offer from Vonovia SE to the shareholders of Swedish residential property company Victoria Park AB has been successful. As communicated in a formal announcement earlier today, Vonovia exceeded the minimum acceptance threshold set as condition for closing of the take-over bid for Victoria Park of more than ...
Orange Capital Partners (OCP) has refinanced the acquisition debt secured against multiple residential portfolios in the Netherlands, with approximately 700 units and a total net market value in excess of €135 million. The portfolio is geographically distributed throughout the Randstad with a focus on Amsterdam, Amstelveen an...
PfP Capital today announced that it intends to launch a new fund in partnership with the Scottish Government to invest in mid-market rent (“MMR”) properties throughout Scotland. The fund manager is targeting a total fund size of £150 million (c. €171 million) which will be comprised of a £47.5 million (c. €54 million) investm...
Grosvenor has formed a joint venture with Heathley Asset Management to enter the healthcare sector in Australia. Both companies will acquire their first two private hospitals in Queensland for c. €60m (AUD94m), namely the Women’s and Children’s' Hospital, Townsville, and the Westside Private Hospital, Brisbane. The .joint ven...
Patrizia Immobilien has acquired a portfolio of two newly built care homes including serviced residential units in the German state of Lower Saxony for its ‘Patrizia Pflege-Invest Deutschland I’ fund. The properties, located in Cloppenburg and Wildeshausen, offer a total of 287 full-care home places and 35 day care places as ...
Corestate Capital Holding S.A. plans to invest a total of €2.4bn in its micro-living segment until the end of 2019. Corestate already acquired 26 plots for development and properties with more than 7,600 apartments for students, commuters, project employees, entrepreneurs and young professionals. The current investment volume...
Union Investment has agreed to acquire the Styria Center in Graz city centre on Volksgartenstraße 1. The building is a mixed-use property comprising residential, office and commercial units across a total of around 15,000 sq m of rental space. The vendor is a consortium of three private owners. The purchase price is approxima...
Just after buying a nursing home in Langelsheim in April , Cofinimmo has now made a big deal in Germany. The Belgian REIT aquired 17 further nursing and care homes, offering about 1,500 beds in total. The seller is a joint venture of Revcap. The value of the portfolio is estimated at €172 million and the initial gross rental ...
Octopus Property has agreed to provide FRT Developments with a £10.7 million (c. €12.14 million) development loan to deliver 51 homes in Isleworth, West London. Planning consent has been secured to convert the former office building into 42 one, two and three bedroom apartments, with an average sale price of £340,000 (c. €386...
Bonava has signed a binding pre-agreement with Kemira’s pension fund Neliapila enabling the company, in cooperation with Neliapila and Kemira, to develop a new neighborhood in the Finnoo district of Espoo that will become approximately 50,000 sq metres. The area is scheduled for completion around 2030.
AXA Investment Managers - Real Assets has completed the acquisition of a portfolio of care homes in Paris via financial lease agreements on behalf of its clients in a transaction that values the portfolio at approximately €250 million.
Bouwinvest has signed three agreements with different developers to buy 583 homes for its residential fund’s portfolio of mid-priced free market rental housing in key cities across the Netherlands. The company also disclosed that Colliers International will relocate its Dutch headquarters to the office fund’s iconic ‘Building...
M&G Investments has agreed a £265 million (c. €300.7 million) deal with Anglo American to redevelop its London headquarters. The investment manager has exchanged contracts to acquire the freehold and will finance the redevelopment of the Charterhouse Estate offices. A 25-year lease withe the FTSE 100 firm will commence upon c...
