Latest reports – Page 1159
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PropertyEU ArchiveCromwell sells a 6-asset portfolio in Helsinki
Australian real estate investor and manager Cromwell Property Group has announced the sale of a 6-asset portfolio, including four office buildings and two unbuilt plots in the Helsinki Metropolitan area, to a fund managed by EAB Group.
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PropertyEU ArchiveWorkplace will no longer be a single location, C&W says
Despite mostly working from home during the pandemic, productivity remained strong and team collaboration has reached new heights through better leverage of remote technology, according to a new survey carried out by C&W.
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PropertyEU ArchiveConfidence rises in the flex space, survey shows
Around 42% of flexible office providers are now positive about the prospects for the next three months, compared to only 25% in April, according to Workthere’s second sentiment survey.
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PropertyEU ArchiveDWS, Societe Generale close €205m refinancing of Paris’ Défense Plaza
Asset manager DWS has partnered with Societe Generale Corporate & Investment Banking to complete a €205 mln refinancing secured by the Défense Plaza office scheme in Paris’ La Défense.
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PropertyEU ArchiveMcArthurglen announces rent relief package for any centres closed
Europe’s designer outlet group McArthurGlen announced on Thursday that it is to offer its stores a new support package offering rent relief from the 1st of April through to the 31st of December 2020.
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PropertyEU ArchiveIWG raises £320m via share issue for M&A drive
UK office space provider IWG announced on Thursday that it will raise gross proceeds of £320 mln through the issue of new shares, as it looks to benefit from future demand for flexible workspace amid the coronavirus crisis.
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PropertyEU ArchiveOptima wins go-ahead for acquisition of Lone Star’s stake in €2.3b Polish landlord GTC
Hungarian investor Optima Thursday received approval from the local competition authorities to acquire private equity firm Lone Star Funds’ 61.5% stake in Warsaw-listed CEE-focused real estate developer Globe Trade Centre (GTC).
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PropertyEU ArchiveCommercial Park wins green light for major London office development
The Commercial Park Group - a partnership between UK property developer John Baker and Sir Robert McAlpine – said on Thursday that it has been granted planning permission for 140,000 sq ft (13,006 m2) of office buildings at Bromley Park in London.
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South Africa’s PIC invests in real estate firm Aradei Capital
PIC, on behalf of the Government Employees Pension Fund, invests $50m for 13% of Aradei Capital
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KKR creates European data centre platform with $1bn commitment
Global Technical Realty has been formed with entrepreneur Franek Sodzawiczny as CEO
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NewsIPI Data Centers plans $1.5bn fundraise for second fund
New Mexico SIC backs IPI Partners II data centre fund with $100m capital commitment
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British Airways scheme, SUPR buy into £400m UK supermarket portfolio
British Airways Pension Trustees and Supermarket Income each invest £51m to buy British Land’s 25.5% stake
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Patrizia’s third healthcare fund acquires seven assets in Germany
The Patrizia Social Care Fund III buys portfolio from Senioren-Wohnen
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Harrison Street buys US district energy system from BlackRock
SIF fund pays an undisclosed sum to buy BlackRock’s GEPIF’s stake in The Fort Detrick Energy Production Facility
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Atkins to step down as Hammerson CEO
Atkins remains in position until spring 2021 at the latest as company searches for his successor
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PropertyEU ArchiveKKR commits $1b to form European data centre platform
KKR has linked up with data centre entrepreneur and executive Franek Sodzawiczny to establish Global Technical Realty (GTR), a build-to-suit and roll-up acquisition data centre platform in Europe.
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PropertyEU ArchiveBritish Land’s retail portfolio sheds over a quarter of its value
UK REIT British Land has written down the value of its retail portfolio by more than 25% due to the impact of the coronavirus.
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PropertyEU ArchiveSupermarket Income, BA fund buy 25% stake in major UK portfolio for €114m
UK REIT Supermarket Income has joined forces with the British Airways pension fund to buy a 25.5% stake in one of the UK’s largest portfolios of supermarket properties for £102 mln (€114 mln).
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PropertyEU ArchiveHammerson CEO David Atkins to step down after a decade
Hammerson chief executive David Atkins will step down after over 10 years at the helm of the UK retail property firm.
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PropertyEU ArchivePatrizia acquires German healthcare portfolio
European property group Patrizia said on Wednesday that it has acquired a portfolio of seven healthcare assets in Germany, on behalf of Patrizia Social Care Fund III, for an undisclosed amount.
