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» Chronological View: " Residential " «

Colliers completes Engel & Völkers Main-Taunus purchase

Colliers International has completed the acquisition of Engel & Völkers Main-Taunus GmbH in Frankfurt, announced in May. The acquisition was subject to suspensive conditions and has now been carried out. This transaction marks Colliers' third strategic acquisition in the EMEA region in order to expand the range of services.
Wednesday, 19. September 2018

Magna buys real estate portfolio for Babcock Select Fund

The Babcock Pension Fund VVaG has added its direct holdings to special AIF Magna Babcock Select, which is managed by the Magna Asset Management AG. Six properties changed hands as part of an asset deal, including residential, office and commercial properties in Oberhausen, a residential and office property in Mülheim and an o...
Tuesday, 18. September 2018

Romania is the most successful country in the EU in terms of GDP/capita expansion

Following the global financial crisis ten years ago, Romania has come a long way in the last decade, with the economy seeing some radical transformations, as well as in real estate. The country's economic growth (the so-called sustainable rate) is currently at around 4%, which compares favourably to the EU average (below 2%) ...
Tuesday, 18. September 2018

Grainger signs £52m construction contract on its Newbury PRS scheme

Grainger plc has appointed Engie Regeneration Limited as the main contractor to Grainger’s Newbury PRS scheme, which will deliver 232 new homes for rent and improved pedestrian access from Newbury train station to the town centre. Construction on the scheme, being developed by Grainger in partnership with West Berkshire Counc...
Tuesday, 18. September 2018

Arlington Advisors appoints Neil Buchanan as General Counsel and Company Secretary

Arlington Advisors has appointed Neil Buchanan as General Counsel and Company Secretary. Buchanan will serve as Company Secretary for all Arlington entities, managing the company’s compliance requirements and supporting Arlington’s Purpose-Built Student Accommodation (PBSA) acquisitions programme by driving legal workstreams ...
Tuesday, 18. September 2018

Merlin Properties agrees to sell its stake in Testa Residencial for €321.2 million

Merlin Properties, Banco Santander and BBVA have formalized, on 14 September 2018, an agreement with Tropic Real Estate Holding for the sale of 50.01% of Testa Residencial. The sale proceeds obtained will be used to reduce the leverage in line with the objectives of the business plan of the Company. Merlin Properties acquired...
Tuesday, 18. September 2018

Hines exceeds target fund raise with final closing of the HEVF by over 40%

Hines reported that the final closing of its Hines European Value Fund (HEVF) with a total fund size exceeding €720 million of equity commitments, surpassing its original target by more than 40%. HEVF accepted commitments from a primarily European group of 16 limited partners including German, Italian, Norwegian, Spanish, Fre...
Tuesday, 18. September 2018

Heitman takes first major step into build-to-rent market with acquisition of two sites

Heitman LLC has acquired two sites and entered into an agreement to provide forward funding for two major residential developments in Manchester city centre and Liverpool, in the Baltic Triangle. Heitman made the investment on behalf of an affiliate of the firm. The company has partnered with Brickland to develop the sites an...
Tuesday, 18. September 2018

IP IM and Maven sell student housing portfolio to KWAP and 90 North for £39.8m

IP Investment Management (IPIM) and Maven Capital Partners have sold a portfolio of two newly developed purpose-built student accommodation assets totaling 360 beds to Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and 90 North Real Estate Partners. The portfolio consists of The Mill House (Edinburgh) and 800 Bristol Road (Se...
Tuesday, 18. September 2018

AustralianSuper and TH RE finance One Crown Place with £280m development facility

AustralianSuper has teamed up with TH Real Estate to jointly finance One Crown Place in London’s EC2 with a £280m (c. €314.8m) development facility. AustralianSuper has committed £230m (c. €258.6m) and TH Real Estate’s recently launched Global Real Estate Debt Partners - Fund II (UK) (GREDP Fund II) is participating with a £5...
Monday, 17. September 2018

Threestones' Eurocare Fund expands portfolio with two care property

TSC Real Estate Germany GmbH, on behalft of TSC Eurocare Real Estate Fund (Eurocare Fund), has acquired a care property in Germany as well as in in Italy. This brings the portfolio of the Eurocare Fund, launched in 2017 and currently in the investment phase, to seven care properties. Three of the assets are in Germany and fou...
Monday, 17. September 2018

ReSI appoints Mike Emmerich as a non-executive director

Residential Secure Income (ReSI) to announce the appointment of Mike Emmerich as a non-executive director of the Company, with effect from 13 September 2018. He brings considerable experience in urban development to the Board, with over 20 years of experience in delivering strategies for planning, housing, environment and inn...
Monday, 17. September 2018

Work underway on second phase of Wapping Wharf in Bristol

Construction work is underway on creating over 250 new homes at Wapping Wharf by Bristol Harbourside, widely regarded as one of the city's most exciting new neighbourhoods. Following ground preparation works, and with the construction of a retaining wall to support the historic Bristol Gaol well underway, work is now progress...
Monday, 17. September 2018

Ten Brinke sells sells mixed-use complex in Rotterdam to Catella

Munich-based investment manager Catella Real Estate AG has acquired a mix-used Complex Asterlo in Rotterdam (NL), for its Sarasin Sustainable Properties – European Cities fund from Ten Brinke Group. The development project of Ten Brinke Group consists of a commercial ground floor (2.500 m²) leased to AHold-Delhaize for it cha...
Saturday, 15. September 2018

Aberdeen Standard homes in on €120m apartment deals across Europe

Aberdeen Standard Investments has agreed two deals for its Pan-European Residential Property Fund, a total investment of €120m in Paris and Vienna. The fund was launched in March this year after raising an initial €355 million, and now has a portfolio of 610 apartments in operation or being developed in Denmark, Austria and F...
Friday, 14. September 2018

Commerz Real with European fund for student and micro-apartments

Commerz Real Capital-Management Company (Kapitalverwaltungsgesellschaft, KVG) has launched a European fund for student and micro-apartments. “Commerz Real Institutional Smart Living Europe Fund”, which is structured as an open-ended special AIF (alternative investment fund), is to be developed as a diversified portfolio of te...
Friday, 14. September 2018