Industry News

London-focused property investment and development firm Helical is selling half of a 194,000 square feet office redevelopment project for £55 million (€64.3 million) to a vehicle led by Orion Capital Managers . Helical said it has agreed to partner Orion Capital to redevelop the 100 New Bridge Street, London EC4 building which is scheduled to be completed in March 2026. The proceeds from the stake sale will be used to fund Helical’s ongoing development pipeline, the London-listed firm said. Helical...

A milestone for the flagship DEUTSCHLANDHAUS project in Hamburg: ABG Real Estate Group has secured long-term financing of €240 million for the striking new building at Gänsemarkt. The funds come from a banking consortium comprising UniCredit/HypoVereinsbank, Bayerische Landesbank, and Landesbank Baden-Württemberg, led, structured, and coordinated by UniCredit/HypoVereinsbank. The fully leased DEUTSCHLANDHAUS will commence operations at the end of May. It is one of the most significant large-scale projects in the Hanseatic city in recent years. Hamburger Sparkasse AG (Haspa) is...

Real estate investor and fund manager Cromwell Property Group (ASX:CMW) (Cromwell or Group) today announced the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund (CPRF), to Star Capital Finance for €285 million. The portfolio totals more than 219,000 sq m and includes rights in six shopping centres: Janki in Warsaw, Kometa in Toruń, Korona in Wrocław, Tulipan in Łódź, Ster in Szczecin and Rondo in Bydgoszcz. The occupancy of the portfolio exceeds 95%, with...

European residential real estate investor Amro Partners has acquired a retail park in UK’s capital for a £400 million (€465.9 million) residential-led landmark development. Amro has invested an unspecified amount to buy Lewisham Retail Park in South East London from Legal & General for the project which will comprise 1,000 new residential homes, forming one of the final major pieces of the 20-year Lewisham regeneration plan. Over the last 18 months, Amro has acquired various adjoining land holdings from a...

Cromwell Property Group today announces the sale of six retail centres across Poland, held by the Cromwell Polish Retail Fund for €285 million / $465 million, which is in line with asset valuations announced at HY24 results. The purchaser, SCF, is a diverse real estate investor based in Prague, Czechia. This follows the sale of Cromwell’s 50% share of its joint venture retail asset in Ursynów, Poland, which completed on 29 February 2024, to joint venture partner Unibail Rodamco for...

Swedish real estate company Infrahubs has struck a deal to sell a 20,000 square meters, soon-to-be-completed logistics facility in Jönköping, Sweden to a BlackRock -managed fund. The property is situated in Södra Stigamo, with convenient access to the E4 highway. It is adapted to the future of logistics, by incorporating automation features, environmental certifications, and energy efficiency measures. The closing of the off-market transaction is anticipated for early January 2025. Source: propertyeu.info on the 15th of May https://propertyeu.info/Nieuws/BlackRock-fund-acquires-Swedish-logistics-property-from-Infrahubs/9685eb8c-a9f7-42af-b990-1189a79d2f78

Urban logistics specialist Valor Real Estate Partners has acquired a 24,079 square meters urban logistics property in North Amsterdam, from Aldi. The deal volume is understood to be in the range of €21 million. The deal marks Valor’s debut transaction in one of Europe’s dominant logistics markets, where Valor has ambitions to significantly and rapidly scale. The single tenant property is leased to Picnic, the online grocery e-commerce retailer, with two years remaining. Source: propertyeu.info on the 14th May https://propertyeu.info/Nieuws/Valor-enters-Dutch-last-mile-market-with-Amsterdam-deal/a5d202d4-0190-4597-9a92-55fc075fc3b3

PGIM Real Estate has acquired a portfolio of six UK student properties from Unite Group. The real estate manager has invested an unspecified amount on behalf of its European core-plus strategy to buy the purpose-built student accommodation (PBSA) properties, comprising 3,000 beds in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield. Source: realassets.ipe.com on the 13th of May https://realassets.ipe.com/news/pgim-real-estate-buys-six-uk-student-properties-from-unite-group/10073237.article

Global real estate developer and fund manager Hines has made its debut in European self-storage investment by acquiring a three-asset portfolio in the UK. Hines, which is investing on behalf of its latest European value-add real estate fund, bought the portfolio in the southeast of England comprising 1,449 self-storage and office units across three trading assets in Ashford, Chatham and Ebbsfleet from a local private family proprietor. Source: realassets.ipe.com on the 13th of May https://realassets.ipe.com/news/hines-acquires-first-european-self-storage-portfolio-in-uk/10073234.article