A trophy London office tower, a pan-European logistics portfolio and the prospect of a retail sell-off from one of the UK’s biggest REITs emerged this week.
Insurance company WR Berkley appointed Eastdil Secured and Cushman & Wakefield to find a buyer to pay £820 mln for the ‘Scalpel’, a 35-storey tower in the City of London which is the US group’s European HQ.
Meanwhile, Landsec’s new CEO, Mark Allan, announced the results of his review of the UK bellwether REIT: to sell off the company’s 2.2 million sq ft of retail parks.
PropertyEU broke the news that P3 has asked JLL to find a buyer for ‘Apex’, a big pan-European logistics portfolio.
More propcos are receiving green finance in a reflection of industry progress with upgrading stock and developing more sustainable assets. CEE property company CTP upsized an inaugural green bond to €650 mln, reflecting demand from investors; Dutch housing specialist Vesteda raised capital through a green private placement.
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