Buyers target offices built to the best environmental and sustainability standards.
Vendors seized the opportunity to sell office buildings in Amsterdam, Dusseldorf, Lyon, Munich and London.
The largest was the sale by Europa Capital’s fifth value add fund of the Olympia Business Centre complex in Munich Moosach. After a high specification refurbishment leading to LEED Gold and WiredScore Platinum certifications, the multi-let OBC has outperformed the original 2017 underwrite.
New assets on the market include £400 mln Eden Walk, a large London shopping centre which British Land and pension fund USS are selling with planning consent for extensive redevelopment.
Other properties up for sale include significant development sites in Frankfurt and Southampton, office buildings in London and Dublin and a portfolio of Irish retail parks.
We also track who's lending to whom, and the latest fund raisings.
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