Industry News

Urban logistics property developer and asset manager Chancerygate and real estate investor Mitiska REIM, the leading specialist investor in European convenience real estate, have announced a strategic joint venture (JV) to develop multi-let light industrial parks in Portugal. The JV has completed its first acquisition, which is a 6.67-acre (2.7-hectare) brownfield site located 20 minutes’ drive northwest of Lisbon within the municipality of Sintra. The site is situated close to the N9 and N250-1 access roads and the A37 and...

Clarion Partners Europe, the real estate investment fund manager specialising in European logistics and industrial assets, has acquired, on behalf of its UK-only logistics fund, an institutional-quality logistics facility in Haydock, near Warrington, for £50.8 million. The vendor is Warrington Borough Council. Constructed in 2019, the 381,146 sq. ft. property is fully let to Movianto UK Limited, a leading healthcare supply chain service, on a 15-year lease, with a rent review due in July 2024. Haydock is a prime UK...

Funds managed by Slättö have, through two separate transactions, agreed to acquire two residential portfolios in Finland, for a total transaction value of EUR 130 million. The acquisitions are made with Finnish institutional investors as co-investors. The residential portfolios comprise approximately 800 residential units in the Helsinki Metropolitan Area (“HMA”) and Tampere, with some 70 per cent of the value concentrated int the HMA. The assets have strong locations in their respective submarkets and are of high standards, with the...

Niam has successfully acquired a prime logistics asset in Torsvik, one of the most well-established logistics hubs in the Nordics. The property has been continuously extended and spans 112,000 sqm, featuring automated high-rack storage, direct railway access and environmental certification according to BREEAM In-Use Very Good. The asset is fully leased to Elgiganten Logistics, a longstanding tenant since the building's completion. Serving as Elgiganten's distribution centre, the facility supplies all of the chain's stores, hubs and online consumers in the...

SEGRO plc (“SEGRO” or the “Group”) has acquired three fully leased, highly reversionary logistics warehouses in The Netherlands for a total cash consideration of €222 million. Undertaken via three separate transactions, the assets are all in attractive locations and help to build on SEGRO’s scale in a region which acts as a key logistics hub for Continental Europe, as well as the Dutch domestic market. They total 172,300 sq m of additional space and are in-line with SEGRO’s investment criteria...

Madrid, 27 June 2024 – Azora has acquired, with the intermediation of CBRE, an office building located at Calle Doctor Esquerdo 136 in the Retiro district, an area in Madrid’s city centre that has undergone a major transformation with new office and residential projects. The acquired property is a multi-tenant office building with a total gross lettable area (GLA) of 9,094 m², spread over 8 floors and an underground car park with 23 parking spaces. It is currently 85% occupied...

London, 10 June 2024 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has let c. 4,200 sq m of space at its car showroom asset, Mijlweg 61, in Dordrecht, the Netherlands, to Autohero, Europe's largest independent car dealer. Autohero has signed a five-year lease to occupy the entire car showroom and garage, as well as 1,380 sq m of business space and 88 parking spaces, increasing the overall occupancy of the c. 5,800 sq...

17 June 2024: Zenzic Capital (“Zenzic”), the real estate credit investment manager, has completed over £17 million of development finance to fund the construction of 43 residential open market properties across five separate UK schemes. The five projects, which are well spread across the UK, are all with different SME housebuilders, and have a total GDV of over £25 Million. The diverse development projects comprise:- The development of five detached houses, each with a private garden and garage in Scorton...

Union Investment has let around 1,300 sqm in the Lohhof Quartier in Unterschleißheim to the globally active SAUTER Group. SAUTER has been offering products and solutions for building management and room automation as well as facility services over the entire life cycle of a property for more than 100 years and is expected to move to the top three floors of the office tower in the neighbourhood in March 2025. The lease runs for 12 years. Source: press release sent...