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Residential

Heimstaden team launches resi manager Heim Global Investor

Fredensborg has launched a new fund manager in the residential sector. The manager builds on the experience of its sponsor Fredensborg and its affiliate Heimstaden. The fund manager is targeting capital raising totalling €1.6 billion for its first two funds.
Wednesday, 17. April 2024

Berlin residential institutional transaction market collapses

Inflation, rising construction costs and high interest rates dashed many a dream of home ownership in 2023. As a result, purchase prices have fallen, slightly in the case of condominiums and more sharply in the case of apartment buildings. Meanwhile, pressure on the rental housing market continues to increase. As a result, re...
Wednesday, 17. April 2024

International Campus opens leasing for The Fizz Leiden

International Campus Group (IC) has opened The Fizz Leiden for rental, a total of 394 student apartments offering a home for students in the centre of Leiden. Within a few days of opening, 147 apartments had been rented.
Wednesday, 17. April 2024

Amro, IPIM and Heed secure planning consent for Valencia project

A partnership comprising Amro Partners, IP Investment Management ('IPIM') and Heed Capital ('Heed') has secured planning approval for Amro Valencia Puerto, Amro's second PBSA asset in the city and IPIM & Heed's maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with constr...
Wednesday, 17. April 2024

Margaret Dabbs selects King's Road for new clinic

Margaret Dabbs London has selected King's Road to open its newest clinic in London, marking its seventh in the capital and 14th internationally. It is set to open a 824 sq ft unit at 325 King's Road, a prominent corner unit in the heart of Chelsea.
Tuesday, 16. April 2024

Henry Boot offloads Cambridgeshire land to Barratt

Hallam Land Management (HLM’) has unconditionally exchanged contracts for the sale of 494 residential plots in Chatteris, North Cambridgeshire, to the David Wilson Homes division of Barratt Developments. The sale will complete in July 2024, with the transaction resulting in an ungeared internal rate of return of 15% p.a.
Tuesday, 16. April 2024

Hines forward funds 500+ net zero homes in Newcastle

Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Monday, 15. April 2024

Accentro devalues portfolio „extraordinarily“

The general market situation continues to affect Accentro: the company has to devalue its portfolio extraordinarily significantly. The devaluation requirement is in the order of €50 to 60 million and also causes problems for two bonds. This was announced by the company on Friday.
Monday, 15. April 2024

Aedifica completes 10 projects

During the first quarter of 2024, ten projects from Aedifica’s investment programme were completed in Germany, the United Kingdom and Finland for a total amount of approx. €74 million.
Friday, 12. April 2024

John Mattson sells Stockholm property to SEFAB

John Mattson has signed an agreement for the sale of the Fulufjället 1 property in Alvik in Stockholm. The price is based on an underlying property value of SEK 93 million before deduction for latent tax. The buyer is SEFAB Stockholms enskilda fastighetsägare AB. Fulufjället 1 comprises 27 apartments with a total lettable are...
Thursday, 11. April 2024

Henley and Chartway agree deal to deliver 162 homes at Ebbsfleet Garden City

Henley Investment Management, in partnership with award-winning South-East development and partnership firm Chartway Partnerships Group, have secured two forward funding agreements to deliver 162 homes in Alkerden Village, Whitecliffe, Ebbsfleet, including a mix of purpose-built rental properties and affordable housing.
Monday, 8. April 2024

Development agreement signed to deliver £1.1 billion York Central regeneration

Homes England and Network Rail Property have signed a development agreement with McLaren Property and Arlington Real Estate to be strategic development partners for York Central, one of the UK's largest city centre regeneration schemes.
Monday, 8. April 2024

RE Capital sells majority stake of Algarve development

RE Capital and its investment partner Real Estate Investement Group (REIG) sell a majority stake in their Villas Lobo project to an experienced local private equity fim. JLL Development Capital Markets team acted on behalf of RE Capital under an exclusive mandate.
Friday, 5. April 2024

Vonovia issues 850 million social bond

Vonovia SE issued an unsecured social bond with a term of 10 years on April 3, which is in compliance with the company's Sustainable Finance Framework defined in February 2022. The bond with a total volume of € 850 million and a coupon of 4.25% was 4.8 times oversubscribed.
Thursday, 4. April 2024