All PropertyEU Archive articles – Page 121
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PropertyEU ArchiveWeekly data sheet: 2023’s top trends close out the year - small deals, green loans and more dry powder for value-add funds
Most investors continue to cherry-pick single assets or small portfolios in typical spends of €40 mln - €100 mln.
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PropertyEU ArchiveLeicester leisure park changes hands for €28m, 8.5% yield
Legal & General Investment Management (LGIM) has sold Meridian Leisure Park in Leicester, UK, to Greenridge Opportunities for £25 mln (€28.7 mln) reflecting a yield of 8.50%.
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PropertyEU ArchiveNexity offloads €440m resi property management platform
Nexity, the listed French real estate operator, is in exclusive talks to sell its residential property management services company to private equity firm, Bridgepoint.
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PropertyEU ArchiveBarclays boost for Canary Wharf Group as office tenant stays
With the London office market vacancy rate at a 20-year high of 9.2%, and Canary Wharf particularly struggling, news that key office tenant Barclays Bank is staying at its UK HQ at One Churchill Place, extending its lease by five years to 2039, is a welcome commitment.
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PropertyEU ArchiveCatella's German open-ended fund buys Finland portfolio
Catella European Residential (CER), the German public open-ended real estate fund which has total assets under management of around €1.4 bn, has acquired 350 apartments within five properties covering almost 14,200 m2 of gross lettable area (GLA) in the four Finnish cities of Espoo, Kerava, Tampere and Turku, in the ...
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PropertyEU ArchiveGuest commentary: The EPBD recast – how will it impact real estate?
The Energy Performance of Buildings Directive (EPBD) has undergone further revision to help drive efforts to get the European real estate industry to net zero. Katherine Beisler of consulting firm Hollis analyses the latest updates.
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PropertyEU ArchiveClean finish for 75,000 m2 Austrian bathroom ceramics site
A sale leaseback of the sensitive Laufen site in Wilhelmsburg, Austria, has been completed with local firm, Zöchling Immobilien, winning the process.
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PropertyEU ArchiveNorges Bank, AXA France complete €130m sale of Memphis building
A sale signed in July this year of the Memphis building in Paris between 50:50 JV owners Norges Bank Investment Management and AXA France with buyers La Française Real Estate Managers, acting on behalf of two collective real estate investment vehicles, and EDF Invest, has now completed.
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PropertyEU ArchivePatrizia portfolio company arranges €175m of finance
Kinland, a social infrastructure company providing 351 properties for government-backed care services across the Nordic and Continental Europe region, has negotiated €175 mln worth of amended and extended bank provisions.
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PropertyEU ArchiveBorder to Coast UK investor commits €80m to Hines value add fund
The UK's Border to Coast Pensions Partnership, the largest UK Local Government Pension Scheme (LGPS) pool, has commmited €80 mln to closed ended European value add fund, Hines European Real Estate Partners III (HEREP III), which held a final close at the end of November.
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PropertyEU ArchiveCBRE markets Milan hotel
CBRE is hoping to drum up interest in the sale of 4-star Hotel Milano Scala, a boutique hotel at Via dell'Orso 7 in Milan, which goes on the market in January and could be turned into a 5-star property.
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PropertyEU ArchiveHome REIT 'extremely disappointed' by significant value reduction
Home REIT, the under-pressure UK property company specialising in housing for homeless people, has voiced its dismay after JLL provided its professional view on an updated valuation of 2,391 properties which shows values are worth less than half of what it paid for them.
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PropertyEU ArchiveGresham House ReSI wins 1st green loan
Gresham House Residential Secure Income LP (ReSI LP), a limited partnership investing in UK shared ownership property, has agreed a £30 mln (€35 mln) sustainability-linked credit facility with MUFG to support the delivery of shared ownership housing in the UK.
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PropertyEU ArchiveBoreal IM ready to deploy €1.5b into European logistics assets
Boreal IM, a new London-based investment manager backed by Canadian pension fund OTPP, has €1.5 bn of dry powder to invest in European logistics property opportunities over the next couple of years, according to CEO and founder Louis-Simon Ferland.
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PropertyEU ArchiveNeinor closes €250m Spanish resi JV with Orion fund
Spanish residential developer Neinor Homes and Orion Capital Managers' European Real Estate Fund V have acquired one land plot in Malaga, Spain, as part of their Spanish build-to-sell (BTS) joint venture (JV) to develop 429 new homes for sale.
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PropertyEU ArchiveBig Yellow scores €348m green refinancing for self-storage portfolio
UK self-storage specialist Big Yellow has secured a new £300 mln (€348 mln) ESG-linked facility for an initial term of three years, with the option to extend the facility by two additional one-year terms through to December 2028, subject to lender approval.
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PropertyEU ArchiveNeinver, Nuveen secure €480m refinancing for Spanish and Italian portfolios
European retail outlet specialist Neinver and investment manager Nuveen Real Estate have carried out a €480 mln debt refinancing for the Spanish and Italian portfolio of Neptune – a joint venture between Neinver and Nuveen’s parent company, TIAA.
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PropertyEU ArchivePocket Living seals €81m of London resi deals
Housing developer Pocket Living has completed the sale of two affordable rental assets in London for over £70 mln (€81 mln).
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PropertyEU ArchiveGermany's AM alpha picks up Birmingham resi project
Munich-based family office AM alpha has acquired the Westminster Works project development in Birmingham, UK, for an undisclosed amount.
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PropertyEU ArchiveGarbe secures huge development site near Berlin
Garbe Industrial Real Estate has purchased its largest plot of land ever with the acquisition of a 420,000-m2 site in the Berlin area.
