Cookie Error:

Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.

» Chronological View: " Residential " «

YIT secures approval for Perhelä project

The joint planning between YIT and the City of Järvenpää concerning the Perhelä project has entered the contract phase. Järvenpää City Council approved the proposal for the set of contracts concerning the Perhelä block today on November 11.
Wednesday, 13. November 2019

Deutsche Wohnen puts million euro investment to the test

In the first nine months of 2019, Deutsche Wohnen generated a consolidated profit of €634.7 million (9m 2018: €756.7 million). The main reason for the fall in profit of approximately 16% was the lower increase in the value of the portfolio – approximately €450 million compared with the previous year – that was recorded in the...
Wednesday, 13. November 2019

Gerald Eve recruits residential development valuation team

Gerald Eve has expanded its residential development valuation offer with the recruitment of four senior valuers. The new appointments are part of Gerald Eve’s ongoing investment in talent, widening its capabilities to ensure continued alignment with client requirements. Based in the West End, the team will specialise in Londo...
Wednesday, 13. November 2019

AviaRent to invest near Cologne for its CareVision III fund

AviaRent has acquired an assisted living residence in Brühl, North Rhine-Westphalia for its CareVision III open-ended special AIF. “This senior residence is the foremost address for assisted living in the centre of Brühl. We will be proceeding with the revitalisation of the property now that the acquisition has been concluded...
Wednesday, 13. November 2019

Target Healthcare acquires eight care homes and 31 retirement apartments

Target Healthcare has agreed the acquisition of eight care homes and 31 retirement apartments, in four separate transactions, for a total consideration of £81.3 million including transaction costs. The acquisitions, which had been identified in advance of the group’s recent £80 million equity placing, will mean the rapid depl...
Tuesday, 12. November 2019

Benrather Gärten Düsseldorf: CG Group looking to push ahead in 2026

The planning of CG Group’s new lighthouse project in Düsseldorf is gaining momentum. The project developer announced that construction would commence in 2026 on the former Nirosta site, acquired at the beginning of the year for around €100 million, as well as interim use with offices geared towards start-ups and storage and e...
Tuesday, 12. November 2019

Cording secures £40 million PRS debt facilities from Barclays

Cording Real Estate Group has secured debt facilities, totalling £40 million, from Barclays Bank for two of its private rented sector (PRS) residential developments. The two facilities, which are for four-year terms, have been provided for Merlin Wharf, a 384-apartment development in Leicester which is due for completion in N...
Thursday, 7. November 2019

Swiss Life acquires 533 residential units for recently launched fund

Swiss Life Asset Managers has launched the open-ended mutual property fund “Swiss Life REF (DE) European Living” under German law via Swiss Life Kapitalverwaltungsgesellschaft mbH (Swiss Life KVG). The first purchase for the fund has already been made through the acquisition of a German residential portfolio with a total of ...
Thursday, 7. November 2019

Patrizia acquires residential asset in Copenhagen from Europa Capital and Keystone

Patrizia AG has acquired a fully let, 127-unit residential asset in the Valby district of Copenhagen, Denmark, from Europa Capital and Keystone Investment Management A/S. This acquisition increases the investment manager’s total AUM in Denmark to €1.5bn. It is already the second time that the three parties work together. In 2...
Thursday, 7. November 2019

Savills launches residential real estate service in the Czech Republic

Savills has announced a residential property service in the Czech Republic with Lexxus, the premier residential real estate advisor in Prague. „This unique combination of international real estate advisor and leading local real estate agency will provide a full spectrum of services in this dynamic segment of the Czech market“...
Wednesday, 6. November 2019

Home Invest Belgium finalizes the acquisition of the company BE Real Estate

Home Invest Belgium has completed the acquisition of the company BE Real Estate, owner of four apart-hotel buildings in the center of Brussels. With this transaction, Home Invest Belgium’s portfolio grows with 185 new residential units located on strategic locations in Brussels. The fair value of the real estate portfolio gro...
Wednesday, 6. November 2019

Unite Group gets CMA approval for £1.4bn acquisition of Liberty Living

Unite has today announced that it has received unconditional clearance from the CMA to proceed with its proposed £1.4bn acquisition of all of Liberty Living’s UK assets from CPPIB. The transformative acquisition, originally announced on 3 July 2019 and overwhelmingly approved by Unite shareholders on 23 July 2019, will now co...
Wednesday, 6. November 2019

TLG raises profit forecast

Rising rents, a rising portfolio value and the possible billion merger with Aroundtown makes Gerald Klinck, Chief Financial Officer of TLG Immobilien, confident. The funds from operations (FFO) have increased by 6.9% to €107.7m in the first three quarters of 2019. Instead of the previously forecast margin of between €140m an...
Wednesday, 6. November 2019

Vonovia gets competition clearance to buy Swedish Hembla from Blackstone

Yesterday, Vonovia SE received competition clearance by the Swedish Competition Authority for its acquisition of 69.3% of the voting rights (61.2% of the share capital) in Swedish residential company Hembla AB (publ). The acquisition will be completed shortly. Vonovia had first announced the deal with Vega Holdco, a subsidiar...
Wednesday, 6. November 2019

Vonovia with strong profit increase

Thanks to acquisitions abroad and rising rents, the Vonovia housing group presented an attractive result for the first nine months of the financial year: Operating profit amounted to € 932.8 million, an increase of around eleven percent on the previous year. Shareholders can also look forward to the increased profits because ...
Tuesday, 5. November 2019

Moorfield launches BTR brand More

UK private equity firm Moorfield has launched a new build to rent (BTR) brand, More, to consolidate its operations within the sector and support the firm's further BTR expansion. More will complement Moorfield’s activities in the student accommodation sector. The brand will initially comprise three schemes, totalling 785 apar...
Monday, 4. November 2019

Invesco acquires second resi project in Denmark

Invesco Real Estate has agreed to forward-fund a development project within Bryggens Bastion scheme, which is situated in Islands Brygge area in central Copenhagen. Bryggens Bastion is being developed by developer Bach Gruppen A/S and is due for delivery in 2021. The asset will comprise 124 apartments with associated common a...
Monday, 4. November 2019

Aviva and PSP Investments acquire €289.8m Cambridge office portfolio

Aviva Investors and the Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investment managers, have agreed to invest up to €289.8m (£250m) in commercial property in Cambridge. Aviva Investors and PSP Investments in 2015 invested in a portfolio of commercial properties in central London,...
Monday, 4. November 2019