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» Chronological View: " Residential " «

Brookfield buys Oaktree's serviced apartment business for €485m

Brookfield Property Partners has exchanged contracts to acquire Oaktree Capital Management's serviced apartment business SACO for £430m (€485m). The US asset manager placed the business under offer in October last year, and fought off competition from other investors – including Mapletree and Invesco on behalf of its new Euro...
Tuesday, 13. February 2018

LXi REIT acquires the freehold interest in a portfolio of supported living properties

LXi REIT has exchanged contracts on the acquisition of the freehold interest in a portfolio of regulated long-let supported living properties located in Colchester, Essex (74%), Birmingham (17%) and Dover, Kent (9%). The purchase price for the portfolio is £6.2 million (c. €7 million), reflecting a net initial yield of 6.0% (...
Tuesday, 13. February 2018

Crosslane secures conditional planning consent for new development in Dublin

Crosslane Student Developments has secured planning consent to deliver a 207-bed purpose-built student accommodation development scheme in Dublin. The project will be Crosslane’s first student development in the city and in the Republic of Ireland. Completion of the scheme is due in time for the 2019/2020 academic year and Pr...
Friday, 9. February 2018

Invesco announces Hounslow build-to-rent project

Meyer Homes has partnered with Invesco Real Estate (Invesco) to deliver 255 Build-to-Rent (BtR) units in the London Borough of Hounslow, West London. The forward-funded development, which closed at the end of December 2017, was acquired for a total gross investment of c.£107m (c.€121m) for Invesco’s dedicated UK residential s...
Friday, 9. February 2018
Europa Capital and Addington Capital acquire office building in Hounslow in London

Europa Capital and Addington Capital acquire office building in Hounslow in London

Europa Capital and Addington Capital have completed the acquisition of One Lampton Road in Hounslow from clients of LaSalle Investment Management for over £20 million (c. €22.8 million). The investment is the second acquisition for the London Affordable Residential Platform, which will focus on the creation and conversion of ...
Friday, 9. February 2018

Northern Horizon exits its second care home fund in €141 million deal

In a transaction signed and closed on Thursday 8 February 2018, Northern Horizon has sold its Healthcare II fund to a fund managed by Evli. The transaction values the fund's 30-asset Finnish portfolio at €140.8 million. The exit of Healthcare II, a fund launched in December 2013, delivers a net IRR of approximately 29% and an...
Thursday, 8. February 2018

Unite acquires new London development site

Unite Students has exchanged contracts to acquire a new c.1,000 bed development site in London. The acquisition is subject to achieving a planning consent and is being supported through planning by Kings College London, with a view to securing a long term nomination agreement. The site is located in Middlesex Street, London E...
Wednesday, 7. February 2018
CBRE GI and Curlew sell 75% of first UK student accomodation portfolio

CBRE GI and Curlew sell 75% of first UK student accomodation portfolio

CBRE Global Investment Partners has completed the sale of approximately 75% of the Curlew Student Trust portfolio (Enigma portfolio) to Student Roost, comprising purpose-built student accommodation throughout the UK. The 15 student accommodation assets (5,407 beds) in the sale portfolio are located in 12 strong university cit...
Wednesday, 7. February 2018

Brunswick Real Estate finances the new community shopping centre in Kungälv

Brunswick Real Estate has alongside with a major Nordic institution provided a c.€100.39 million (MSEK 990) loan to Kongahälla Shopping AB, a JV between Adapta Fastigheter and Alecta pensionsförsäkring. The loan will assist the company in the construction of Kongahälla Shopping, a new community shopping centre located in Kun...
Wednesday, 7. February 2018

Bundeskartellamt gives green light to Vonovia-Buwog takeover

The Austrian Federal Competition Authority has cleared the planned merger of Vonovia SE and Buwog AG on 5 February 2018. The German Federal Cartel Office already gave its approval on 25 January 2018. The approval of both competition authorities is a condition precedent for the completion of the voluntary public takeover offer...
Tuesday, 6. February 2018

InCity purchases two residential and commercial properties in Berlin

InCity Immobilien AG has acquired a six-storey residential and commercial property, mainly with residential units, in the direct vicinity of Berlin’s central station and government district via a subsidiary. It has additionally acquired a six-storey residential and commercial property, also mainly with residential units, at a...
Tuesday, 6. February 2018

Triple Point Social Housing REIT acquires three supported housing properties

Triple Point Social Housing REIT has completed the acquisitions of three supported housing properties, comprising 20 units in total, for an aggregate purchase price of approximately £3.6 million (c. €4 million; excluding costs). The properties are located in Berkshire (6 units), County Durham (6 units) and Lanacashire (8 unit...
Tuesday, 6. February 2018

Watford Community Housing plans to build 675 homes across South West Hertfordshire

Watford Community Housing has secured £65 million (c. €73.2 million) of financing with M&G, enabling the continued construction of 675 homes over the next three years across South West Hertfordshire. The 32-year financing secured by Watford Community Housing will facilitate its ambition of building 1,000 affordable homes by 2...
Tuesday, 6. February 2018

Skanska invests another SEK 250m in Täby Park in Stockholm

Skanska invests another c.€25.41 m (SEK 250m) in Täby Park in Stockholm. Following the approved zoning plan, an additional consideration is now paid to Svensk Galopp, which will be recorded by Skanska Sweden in the first quarter of 2018.
Monday, 5. February 2018

German pension funds acquire two resi developments in Cologne and Bremen

Corpus Sireo, on behalf of a consortium of pension funds, has acquired two residential developments in Cologne and Bremen. The resi-development in Cologne-Ehrenfeld is already in progress and is scheduled for completion in December 2018. The seller is the Düsseldorf-based project developer „Die Projektisten“. The second devel...
Monday, 5. February 2018

Vonovia starts Buwog takeover

Vonovia today launched the billionaire takeover of Buwog. Subject to the terms and conditions contained in the offer document the DAX-listed compan is offering the Buwog shareholders a cash consideration of €29.05 per Buwog share. Vonovia also is offering the holders of Buwog convertible bonds €115,753.65 in cash during the i...
Monday, 5. February 2018