PropertyEU’s weekly data sheet returns with a selection of deals closed in the last week and over the summer.
After a relatively slow H1 2021 for office investing, there were plenty of large office or office-led mixed-use assets traded.
German asset managers were busy adding more office investments to their big open-ended funds, including Deka for WestInvest Interselect and Union Investment for Immobilien Europa. After buying the Frankfurt T1 project in a €1.4bn deal earlier in the summer, Allianz Real Estate sold Skyper tower in Frankfurt to another group of German insurance companies.
Union closed four acquisitions in four weeks: the 50,000 m2 Puls development in Amsterdam; 59 Haussmann in Paris; the Parkgate Business Campus in Dublin; and Bank of Scotland’s Edinburgh complex.
Other notable transactions included CEE logistics specialist CTP, which listed this year, buying a huge Amsterdam waterfront logistics building currently under construction. Logistic Cityhub has 200 loading docks and 180 metres of water frontage.
In the finance markets Brookfield refinanced part of its new acquisition Arlington Business Parks via a CMBS and raised debt capital from two non-bank lenders to expand serviced apartments company Edyn in three European locations.
Segro, Aedifica and DIC Asset all raised green finance in the debt capital markets with Segro’s issue oversubscribed eight times and pricing at just 55 basis points over the swap.
We also track assets for sale and the latest funds launching and raising.
Click here to access the data.
