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Special Properties

LXi REIT completes nine acquisitions

The Board of LXi REIT plc announces nine acquisitions, funded by its recent £250 million equity capital raise. The acquisitions, which have been transacted predominantly on an off-market basis with seven different vendors/developers, total £87 million and reflect an accretive 5.1% net initial yield (net of purchase costs), ve...
Tuesday, 15. February 2022

Kao Data signs SLB deal for prime data centres in West London

Data centres developer and operator Kao Data has signed a £100m sale and leaseback of two prime data centres in West London. The 16MW data centre significantly expands Kao Data's platform, supporting immediate growth for hyperscale, cloud and enterprise organisations within west London and the M4 corridor.
Monday, 7. February 2022

BNP Paribas Real Estate eyes data centres

BNP Paribas Real Estate (BNPPRE) has appointed Michael Umfreville to lead a new team focused on the leasing and land acquisitions of data centres across the UK.
Monday, 7. February 2022

SBB acquires 24 properties from Kalmar Kommunbolag

Samhällsbyggnadsbolaget i Norden AB (SBB) acquires 24 properties from Kalmar Kommunbolag AB. The property portfolio consists of a total lettable area of ​​approximately 136,000 sq.m. and rental income in the 2022 level amounts to approximately SEK 158m.
Friday, 4. February 2022

Skanska builds a municipal town center in Stavanger

Skanska has signed a contract with Stavanger Municipality for the construction of a new municipal town center for the Storhaug district in Stavanger. The contract is worth NOK 750M, about SEK 775M, which will be included in the Nordic bookings for the first quarter of 2022.
Wednesday, 19. January 2022

Hines invests €500 million in “MilanoSesto” urban regeneration project

Hines, along with Cale Street, a real estate investment firm backed by the Kuwait Investment Office, announces the finalisation of the investment into the Unione 0 lot as part of the “MilanoSesto” urban regeneration project, following the transfer of the lot by Milanosesto S.p.A. to the newly established “Unione 0” real estat...
Tuesday, 11. January 2022

Skanska builds data center in London for GBP 53m

Skanska has signed a contract with Virtus, to build a new data center in London’s metro, UK. The contract is worth GBP 53m, about SEK 620m, which will be included in the order bookings for Europe for the fourth quarter of 2021.
Monday, 20. December 2021