Sellers are bringing London offices, European hotels and UK student housing to the market this week.
Chinese Estates, the Hong Kong-listed property company with a London portfolio, instructed Colliers to sell multi-let Mayfair building 14 George Street, seeking £135 mln, in the latest of a string of London sales by Chinese investors. Also agreed this week was the nearby, circa £70 mln sale by Lai Wing-To of 291 Oxford Street & 2 Harewood Place.
Lai's sale - to JP Morgan AM - is reversing years of buying in London. The shop was one of three properties the Hong Kong-based billionaire put on the market through JLL earlier this year, alongside Standbrook House on Bond Street and 147-155 Wardour Street.
A second London office went on the market, York House in Midtown, which active seller CBRE Investment Management (see below) put on the block.
In the active hospitality sector, private equity firms RoundShield with MM Capital and hotel operator Windward both put prime Dublin hotels up for sale, while AXA IM-Alts and Danish pension partner ATP want to sell the 650-bed Amsterdam landmark Nhow hotel which they forward funded seven years ago.
In the student housing sector, Middle Eastern investors are exiting a UK regional portfolio of five purpose-built blocks totalling 795 beds, some with refurbishment potential to increase rents.
The largest sale agreed was Bain Capital's to Greystar, of a €400 mln Spanish rental residential portfolio, followed by British Airways Pension fund's disposal of part of its UK portfolio for £236 mln.
There were further transactions in the repriced Nordics, including CBRE IM's €101 mln disposal below December 2023 book value of Bromma Blocks, a 70-shop-strong, 57,000 m2 mall in a Stockholm suburb
Meanwhile, Segro, Clarion Partners, and KKR/Mirastar all picked up more logistics, in Germany, the Netherlands and the UK.
We also track five newly completed loans and one new fund.
