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» Chronological View: " Residential " «

Crosslane celebrates topping-out of 117-bed student development in Leeds

Crosslane Student Developments celebrated the topping out of its Sycamore House development in Leeds, which will open on time and on budget for the start of the 2018/19 academic year, following a tight twelve-month construction timetable that began in September 2017. The new development has an expected gross development value...
Thursday, 31. May 2018

Aroundtown with continued growth in first quarter of 2018

Aroundtown saw continued growth in the first quarter of 2018, with net rental income at €139 million, up 43% from €97 million in Q1 2017. Adjusted EBITDA grew by 43% to €134 million from €93 million. FFO I increased by 54% to €91 million, up from €59 million. Net profit of €371 million generated, representing YOY growth of 50...
Wednesday, 30. May 2018

Demand pressure in European commercial residential markets sustains

In the 19 countries analyzed by Catella, a total transaction volume of €48.1 billion was achieved in 2017. 32% of this was achieved in Germany alone, followed by UK with a share of 15%. The taillight in this ranking is Belgium with merely €55.8 million. According to the analysis, the average purchase price for owner-occupied ...
Tuesday, 29. May 2018

European student accommodation transactions up 29% year-on-year

The rising demand for global Higher Education continues to attract institutional capital to invest in European student accommodation with transactions up 29% year-on-year to some €13.6 billion across the continent in 2017, according to a new investment guide from Cushman & Wakefield. The firm’s latest Student Accommodation Gu...
Tuesday, 29. May 2018

Inspired Asset Management and Equinox Living complete Luton purchase

Inspired Asset Management and Equinox Living have completed the purchase of Maxet House in Luton. The former office building on Liverpool Road in Luton will be converted into 59 micro-apartments under Permitted Development Rights with a planning application being submitted to provide a further seven larger new-build homes on ...
Monday, 28. May 2018

Bonava gets building permit for 164 rental apartments in Linköping

On 20 April 2018, Bonava sold a rental project in Linköping, Södra Ekkällan, to Bantorget Hyresbostäder, a transaction that was conditional upon the approval of a building permit. The divestment included 164 rental apartments across four buildings with a sales price of approximately SEK 311 million (c. €30.44 million).
Monday, 28. May 2018

Bouwinvest, TH Real Estate and Kenedix partner in Tokyo multifamily

TH Real Estate has identified an opportunity to invest in Tokyo multifamily, focusing on high-quality, well located, assets in Tokyo. TH Real Estate has formed a partnership with Bouwinvest and Kenedix as cornerstone investors, for a new Tokyo Multifamily investment vehicle, which has secured six assets in Central Tokyo for a...
Monday, 28. May 2018

Testa Residencial acquires 1.329 apartments from CaixaBank’s real estate subsidiary

Testa Residencial has acquired 1.329 apartments from BuildingCenter S.A., CaixaBank´s real estate subsidiary, for a price of €207 million. This represents more than 90% of the assets included in the agreement signed last March between the two parties. The remaining 129 apartments will be acquired for an amount of €21 million ...
Friday, 25. May 2018

SSM starts construction of Sollentuna Hills project with 94 homes

SSM Holding AB has begun with the construction works of the group’s second rental unit project, Sollentuna Hills. The project comprises 94 homes with a separate balcony, French balcony or terrace in Väsjön, Sollentuna, a growing urban area close to nature. The first tenants are expected to move in during 2020. The project is ...
Thursday, 24. May 2018

Union Investment acquires planned residential and commercial property in Vienna

Union Investment has acquired the planned EHK 107 residential and commercial property in Vienna via a forward funding deal. The scheme, named for its location at 105-107 Erzherzog-Karl-Strasse in Vienna’s 22nd district, will offer some 9,700 sq m of rental space. The vendor is the project developer, a subsidiary of the Vienna...
Thursday, 24. May 2018

Investec helps fund development in King’s Cross and scheme in Henley-on-Thames

Investec Structured Property Finance has provided Group with a £72m (c. €82.1m)loan to fund its development of a major 140,000 sq ft mixed-use scheme in King’s Cross in London. In addition to Investec’s £43m (c. €49m) commitment, £29m (c. €33.1m) of debt has been arranged with Bank HaPoalim. In addition, Investec funds office...
Thursday, 24. May 2018

LNT Care Developments commits to HDD development

A 66-bed high-quality care home for the elderly is set to be built at a £15 million (c. €17.1 million) local centre development in Kent following a pre-let agreement announced today by Henry Davidson Developments (HDD). The news comes shortly after HDD revealed it had exchanged contracts to acquire three plots of land for de...
Wednesday, 23. May 2018

New Barratt London's High Street Quarter for Borough of Hounslow

Barratt London launches a new High Street Quarter, a £210m mixed-use scheme in the centre of Hounslow. Set to transform the town centre, High Street Quarter will deliver 528 high-quality homes and over 134,000 sq ft of commercial floor space, including a new multiplex Cineworld and a range of new restaurants, cafes and shops....
Wednesday, 23. May 2018

Hines acquires redevelopment asset in Copenhagen on behalf of HEVF

Hines has completed the acquisition of Købmagergade 44-46/50, a five-storey mixed-use asset in central Copenhagen, on behalf of Hines European Value Fund (HEVF). The building was purchased from Freja ejendomme which is a private company owned by the Danish State. The buildings were formerly owned by The Danish Building and Pr...
Wednesday, 23. May 2018

Balder raises green funding from the European Investment Bank

The European Investment Bank (EIB) has signed a €100 million loan agreement with Fastighets AB Balder , for the development of two residential complexes with nearly - zero - energy - building (NZEB) standards. The project comprises a total of six buildings which together will provide 660 new apartm...
Wednesday, 23. May 2018

Kennedy Wilson and Axa Investment managers enter into Irish PRS joint venture

Kennedy Wilson and AXA Investment Managers - Real Assets have entered into a joint venture targeting the Irish Private Rented Sector (“PRS”). The joint venture with AXA IM - Real Assets, on behalf of its clients, is expected to commence with 1,173 units across three of Kennedy Wilson’s Dublin PRS schemes: Alliance, Clancy Qua...
Wednesday, 23. May 2018