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Leipzig’s MicroLiving Service GmbH is taking over the operation of the Youniq student residence at Müllerstrasse 34 in Berlin and will be using the services of the platform operator Uniplaces for rentals. The new building offers 163 apartments in total on seven floors.
Plans for the transformation of the Great Northern Warehouse and Square have gone on show in Manchester at a public exhibition organised by the partnership that owns the site, Trilogy Real Estate and Peterson Group. The exhibition will give the public the opportunity to view the plans and comment ahead of a planning applicati...
LXi REIT has completed the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Essex and Somerset. The purchase price for the portfolio is €10.10 million (£9.2 million), reflecting a net initial yield of 6.0% (net of acquisition costs).
The Board of Lxi REIT has acquired the freehold interest in two Priory Group care homes in Northern Ireland and exchanged contracts to acquire a third Priory Group care home for a total portfolio consideration of €16.3 million (£14.9 million), reflecting a net initial yield of 6.5% (net of acquisition costs). Each of the prop...
The construction of the Zebra residential complex located on the bank of the Odra River, at the promenade between Zakładowa Street and Słonimskiego Street, has been launched in the capital of Lower Silesia. Echo Investment has already signed a contract with the general contractor i.e. Eiffage Polska Serwis. The value of the c...
The fund, Henley Secure Income Property Unit Trust (Henley SIPUT), had its first close in July 2017 and is seeking to raise €438 million (£400 million) within the next six months. It will focus on the underserved but fast growing supported housing sector, targeting residential investments around the UK for the provision of lo...
Inspired Asset Management has secured development finance for two residential schemes in the home counties worth a combined €29.8m (£27m). The first secures €16.66m (£15.1m) for a 61-apartment scheme in Chertsey through a €14.2m (£12.9m) senior loan from Amicus, arranged by Arc & Co., and €2.43m (£2.2m) in preferred equity fr...
Patrizia Immobilien AG has acquired the 26,600 sq m mixed-use ‘Colosseo’ building in Frankfurt from a institutional DIV fund, managed by Hannover Leasing. The acquisition was made on behalf of an individual mandate from a pension fund client. Located in the popular Sachsenhausen district, the seven-storey, ring-shaped buildin...
Carter Jonas has appointed Leslie Schroeder to a new residential research role based out of the firm's head office, One Chapel Place in London. Schroeder joins from CBRE where she worked as a residential market analyst. With over a decade of specialist research experience, Schroeder brings a wealth of knowledge, including int...
Patrizia UK has exchanged on four acres of land from Warwickshire County Cricket Club and the Homes and Communities Agency at the Edgbaston Stadium for the development of 375 new Build to Rent (BTR) homes with a GDV of around €93.44 million (£85 million), subject to planning and local consents. The acquisition in south Birmin...
Empiric Student Property has acquired land with planning permission and entered into a forward funded agreement for a 166 bed premium student accommodation development in Edinburgh for a total funding commitment of €29.2 million (£26.56 millionm, excluding costs). The property will be valued post-completion and the developer ...
Deutsche Wohnen concluded the first half of 2017 having recorded a consolidated Group profit of € 672.0 million (H1 2016: € 647.2 million). Its higher operating result (EBITDA) and the revaluation of its portfolio resulting in an uplift of just under € 900 million were material contributors towards the improvement in its resu...
KKR, Altamar Capital Partners, Deutsche Finance and Elix create Elix Vintage Residencial Socimi to invest over the next three years €100m in Spanish Residential Real Estate market.
Newcore Capital Management has completed five property transactions for a total of €16 million (£14.5 million) as part of the repositioning of its clients’ portfolios. The transactions comprise two acquisitions in Bristol and Bath and three sales in Newcastle-under-Lyme, Hertford and Bishop’s Stortford.
Glasgow’s Pollokshaws is set for its next phase of regeneration after developers Urban Union acquired land in the area. Pollokshaws is one of eight Transformational Regeneration Areas (TRA) in the city earmarked for regeneration as part of the Transforming Communities: Glasgow (TC: G) programme, a partnership between Glasgow ...
In the second quarter of 2017, TAG Immobilien AG (TAG) generated FFO of € 30.9m, after € 28.5m in the previous quarter and € 23.3m in Q2 of the previous year. FFO for the entire first half of 2017 thus amounted to € 59.4m or € 0.41 per share, a significant year-on-year increase of 32% and 17%, respectively (€ 44.9m or € 0.35 ...
Union Investment is entering the growing micro-living segment. The Hamburg-based investment manager has acquired the Milestone Graz micro apartment complex for its new real estate special fund Urban Living Nr. 1. Consisting of 378 residential units, the property is let on a long-term lease to Milestone, one of the most experi...
Legal & General announces its establishment of Inspired Villages Group, which is formed out of English Care Villages. English Care Villages’ management team is joining Legal & General, following the acquisition of the assets of two joint ventures between English Care Villages and Places for People for around €44.2m (£40m).
