Major sales from Singaporean owners have come onto the market.
UOL Group has appointed advisors JLL and Newmark to market Holborn Island, a prime 2.6-acre site fronting Holborn Circus. The freehold comprises 350,573sqft of mixed-use accommodation, including office, retail, leisure, residential and ancillary space. It also includes 120 Holborn, which has recently received planning permission for a comprehensive refurbishment.
The investment currently generates a total gross passing rent of £13.3m (€15.4m), with significant potential for rental growth.
Singapore-based Frasers Property is also reportedly seeking a buyer for Cisco’s UK office near Heathrow, having mandated CBRE to handle the sale. The 271,725sqft scheme is being marketed with a price tag of £81m.
Another office opportunity is being offered in Manchester, where M&G is selling The Lincoln, a 100,000sqft office building, for £55m, reflecting a net initial yield of 6.8%.
Data centre assets feature prominently in this week’s list of completed deals and new loans. The largest transaction is the €300m acquisition by 3i of a majority stake in Lefdal Mine Datacenter, a Norwegian data centre platform.
In Italy, Retelit Datacenter has secured €375m in financing for its 38-asset data centre portfolio, including a €175m commitment from Infranity.
| Recently completed deals | |||||||
|---|---|---|---|---|---|---|---|
| Asset | Asset type | Location | Buyer | Vendor | Size | Price (mln) | Key facts |
| majority stake in Lefdal Mine Datacenter | data centre | Norway | 3i | Columbia Threadneedle Investments-managed fund | 37 MW operational capacity | €300 | A small portfolio of operating renewable assets is also being acquired as part of this transaction. |
| 45 Mortimer Street | office | London | Feldberg Capital | Great Portland Estates | 116,000sqft | £172 (€199) | The acquisition was made on behalf of real estate firm Fastighets AB Balder. |
| logistics project | logistics | Leicester | Firethorn | John Cutts | 947,650sqft | £125 (€145) | The two logistics assets are located on an 80-acre site. |
| Katowice logistics centre | logistics | Katowice, Poland | LX Pantos | Korean consortium | 109,000m2 | €129 | The complex is being developed and brought into operation in phases, with full completion scheduled for the first half of 2026. |
| 45 Cannon St | office | London | Global Relay | AOG, Morgan Real Estate | 85,362sqft | £110 (€127) | AOG Real Estate and partner Morgan Capital completed the office in late 2017. |
| Splau shopping centre | retail | Barcelona | Castellana Properties | URW | 56,000m2 | €89 | The asset is nearly fully leased. |
| site near Marlay Park | development | Dublin | D/Res | Private family | 54 acres | €70 | The site has capacity for between 1,000 to 1,200 apartments and houses. |
| Seafield Strand project | development | Dublin | MEAG | Union Investment | 140 apartments | €70 | Union Investment acquired the scheme in September 2023 for €75m. |
| The Merlin Centre | logistics | High Wycombe, UK | Argo Real Estate and Blue Coast Capital | Aberdeen fund | 213,000sqft | £50 (€58) | The multi-let industrial estate is fully let to 11 occupiers. |
| six-asset portfolio | logistics | Sweden | Logistea | DSV | 41,500m2 | €55 | The properties are fully leased to DSV Road AB with a remaining lease term for each asset of 10 years. |
| via Vivaio, via Paracelso | living | Milan | Mi.To Real Estate fund | NA | 6,400m2 | €50 | The assets offer 36 apartments. |
| Weston Industrial Estate, Metro Park | logistics | Weston-super-Mare and Leeds, UK | Aureon Partners and Caisson iO | Legal & General; NA | 355,000sqft | £36 (€42) | The deals are carried out for a new UK logistics JV between Aureon and Caisson. |
| Linköping Maskinen 3 and Örebro Distributören 3-4 | logistics | Sweden | SLP | DSV | 27,964m2 | €36 | The properties are fully leased with an average lease duration of 9 years. |
| cross-dock warehouse Transportweg 23-25 | logistics | Waddinxveen, the Netherlands | Stoneweg | abrdn European Logistics Income plc | 30,398m2 | €35 | The asset is leased to the fresh-produce wholesaler Combilo International. |
| Native Communities platform | corporate | UK | Greystar | Ares Real Estate | 9,000homes | NA | Native Communities operates a national portfolio of 37 residential and mixed-use assets, representing more than 9,000 homes across England, Scotland and Wales. |
| Manchester Airport logistics estate | logistics | Manchester | Chancerygate | Columbia Threadneedle | 825,000sqft | NA | The deal adds a 95%-occupied multi-let industrial estate to firm’s UK portfolio. |
| Mainzer Landstraße 50 | office | Frankfurt | DZ Bank | Starwood Capital and the Cells Group | 30,000m2 | NA | The property will undergo comprehensive modernization and be specifically adapted to DZ BANK’s requirements. |
| two resi projects | living | Stockholm | Capman Real Estate | Reliwe | 478 homes | NA | The assets are expected to be delivered at the end of 2028. |
| Goodman’s Fields | development | London | Alderan | Berkeley | 1,000,000sqft | NA | The French asset manager is buying the office and retail elements of the project. |
| Hotel Scandic Meilahti | hotel | Helsinki | Balder | LähiTapiola | 188rooms | NA | The building was converted from office use into a hotel and retail property in 2015–2016. |
| Carnisse Veste | retail | Barendrecht, The Netherlands | KGAL Investment Management | Ping Properties | 16,295m2 | NA | Built in 2003, the property was extensively modernised and optimised in terms of space in 2025. |
| Assets on the market | |||||||
|---|---|---|---|---|---|---|---|
| Asset | Asset type | Location | Vendor | Size | Price (mln) | Broker | Key facts |
| Mantova Village and Puglia Village | retail | Italy | Blackstone | NA | €200 | NA | The assets are the last Land of Fashion outlets owned by Blackstone after the sale of three properties last year. |
| Holborn Island | office | London | UOL Group | 202,226sqft | £120 (€139) | Newmark and JLL | The development has secured planning consent. |
| Hounslow Place | living | Hounslow, England | Invesco | 255 apartments | £110 (€127) | Knight Frank | Hounslow Place was forward funded by the investor in 2018 and developed in partnership with Meyer Homes, completing in 2020. |
| Cisco HQ | office | Heathrow, London | Frasers Property | 271,725sqft | £81.4 (€94) | CBRE | Cisco signed a 10-year renewal in October. |
| The Lincoln | office | Manchester | M&G | 102,000sqft | £55 (€64) | CBRE | The sale reflects a net initial yield of 6.8%. |
| The Park Collection | mixed | Dublin | Cantor Fitzgerald | 132,000sqft | €40 | Savills, Colliers | The sale reflects a net initial yield of 8.7%. |
| Crystal Peaks shopping centre | retail | Sheffield | Federated Hermes | 485,000sqft | NA | Savills | The asset is located near a 77,800sqft retail park. |
| Mountain Resort Mittenwald | hotel | Upper Bavaria, Germany | Insolvency administrator PLUTA Rechtsanwalts GmbH | NA | NA | Oreda | The hotel has recently been renovated and extended. |
| Recently completed loans | ||||
|---|---|---|---|---|
| Lender(s) | Borrower(s) | Asset(s) | Loan Size (mln) | Key facts |
| Barclays Bank and National Westminster Bank | LondonMetric | Unsecured | £1500 (€1736) | The two new facilities (£1.3bn syndicated and £200m bilateral) replace nearly all of the existing unsecured facilities that mature over the next four years. |
| Rabobank | BPD | 1,000 apartments | €500 | BPD is a subsidiary of Rabobank. |
| Infranity-led consortium | Retelit Datacenter | 38-asset strong data centre portfolio in Italy | €375 | Infranity has committed €175m of the €375m loan. |
| Barclays, ABN Amro, BNP Paribas and HSBC | Sirius Real Estate | Unsecured | €300 | The three-year loan replaces and doubles in size the Company’s existing RCF that was put in place in June 2025. |
| Barclays, HSBC, ING, Lloyds Banking Group and Crédit Agricole CIB | Supermarket Income REIT, Blue Owl Capital | Grocery retail portfolio | £222 (€257) | The facility has been increased to £437m and matures in June 2028. |
| Barclays and Homes England | Ballymore and Penta | Canary Wharf residential project | £179.5 (€208) | The financing will support the construction of a 52-storey tower, comprising 434 homes, made up of private and affordable units. |
| BNP Paribas and Natixis CIB | Investire sgr and Partners Group | PRS Italy Fund portfolio | €140 | The fund owns a resi portfolio of 500 units in Milan, Turin and Rome. |
| PIC and King Street | Audley Group | nine retirement villages in the UK | £130 (€150) | The facility supports the expansion of its retirement living platform. |
| NA | Z Hotels | two London hotels | £79 (€91) | The group has a dozen assets in the UK capital. |
| Maslow Capital | Linear Living | Manchester residential scheme | £50 (€58) | The loan is a pre-gateway bridging and follow-on development facility. |
| New mandates/JVs and funds on the market | |||
|---|---|---|---|
| Firm | Fund/mandate/JV | Strategy | Details |
| Peakside Capital Advisors and Stoke Park Capital | Food-anchored retail property JV | Developing and managing a specialized platform for food-anchored retail properties, initially in Germany. | The platform launches with 35 Properties and €150m in investment volume. |
| Hines and Burstone | European light industrial Joint Venture | Seeking to create and unlock value through investing across the light industrial submarket with a value-add/opportunistic strategy. | Burstone will invest 20% of the JV equity and be responsible for investment and asset management activity. |
| Aureon Partners and Caisson iO | UK multi-let industrial property platform | Targeting high-quality MLI and urban logistics assets that are strategically located in key regional UK conurbations | The partners intend to grow the portfolio to a gross asset value of £300m during the next 12-18 months. |
| Scor | SCOR Real Estate Loans V | Financing the renovation, restructuring, repositioning or development of real estate assets | The value-add debt fund raised €260m at interim closing. |
| Fundraising is still ongoing, with a target size of €500m. | |||
