Latest reports – Page 561
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NewsFTSE 250 REIT LondonMetric sells five assets for £43m
UK logistics and grocery-led REIT says disposals help further reduce floating rate debt
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NewsSTRS of Ohio plans to invest up to $500m in international real estate push
Pension fund intends to target funds that invest in major markets and main property types
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NewsGLP’s latest China logistics fund closes with RMB2.6bn commitments
China Income Fund VIII gets an 870,000sqm seed portfolio from GLP’s balance sheet
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NewsNYSCRF adds Waterton and Antin to manager lineup
Waterton Residential Property Venture XV gets $300m and Antin Infrastructure Partners V gets $250m
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PropertyEU ArchiveBrookfield's Uxco splashes €90m on Geneva co-living asset
Uxco Group, an investor, developer and operator of student and co living real-estate (PBSA) in France majority owned by Brookfield, has announced its first acquisition outside of the Paris region with the purchase of a major co-living development near Geneva.
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PropertyEU ArchiveTwo of Oslo's most iconic properties change hands
The Tvenge family has acquired two of Oslo's most iconic office properties located at Henrik Ibsens gate 53 and Inkognitogata 34, for a gross property value of NOK 425 mln (€37 mln).
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PropertyEU ArchiveLondonMetric offloads €50m of UK logistics assets
UK REIT LondonMetric Property has agreed the sale of five assets for £42.8 mln (€50 mln), reflecting a net initial yield of 4.5%. The sales are in line with the 31 March 2023 book value, the vendor said.
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PropertyEU ArchiveFlexible office specialist Workthere expands UK team
Flexible office specialist Workthere, part of international real estate advisor Savills, has expanded its UK team with the appointment of Faith Robins, who joins as an associate director and will be based at the firm’s London headquarters.
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PropertyEU ArchiveSunrock, Patrizia bring onstream major solar power rooftop installations in Rotterdam
One of Europe’s largest solar power rooftop installations has been brought onstream by solar developer Sunrock on Patrizia’s 210,000 m2 Maasvlakte logistics development in Rotterdam’s harbour area.
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PropertyEU ArchiveLeumi UK inks €23m loan to refinance UK care homes
Specialist property lender Leumi UK has provided Cinnamon Care Homes with a £19.5 mln (€23 mln) facility to refinance the development of Lakeview Grange a 51-bed care home in Chichester, West Sussex, in the UK, and Heathland House a 66-bed care home located in Ferndown, Dorset.
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PropertyEU ArchiveBarratt seals €197m sale of 600 homes in the UK
UK developer Barratt has agreed the sale of 604 future homes to Citra Living Properties, a wholly owned subsidiary of Lloyds Banking Group, for a total cash amount of £168.4 mln (€197 mln).
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NewsPeople moves: PFA’s real estate head Bruhn to retire
Ruckstuhl named Lendlease Europe CEO; Brahm joins Knight Frank in Berlin as MD
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NewsDuke Energy sells $364m distributed generation business to ArcLight
Disposals in line with Duke Energy’s plan to focus on the growth of its regulated businesses
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NewsProperty group UOL sells hotel asset to Worldwide Hotels for S$525m
Worldwide Hotels also buys Novotel & Ibis Melbourne Central hotel in Australia from Well Smart investment
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NewsAncala to pump further £551m into Portsmouth Water, Biogen and Leep Utilities
Ancala Essential Growth Infrastructure Fund secures institutional capital for UK portfolio companies
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NewsKKR’s European industrial platform makes debut Swedish purchase
KKR and Mirastar buy 12,500sqm last-mile logistics property in Stockholm for undisclosed sum
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NewsCadence Australian real estate fund secures $55m, makes first acquisition
Cadence Australian Real Estate Partnership I exceeds initial $50m fundraising target
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NewsGIC and Genus create $2bn smart-metering project funding platform in India
Singapore’s GIC will hold a 74% stake in the platform, with Genus holding the remaining 26%
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NewsKentucky Teachers puts $60m into Angelo Gordon net lease fund
Core-plus fund expected to mainly target net-leased office, industrial, retail and R&D assets in North America
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PropertyEU ArchiveCheyne Capital in €102m refi in Dublin
Marlet Property Group, an Irish developer, has been seeking refinance for its 16,932 m2 prime office development.
