LondonMetric Property has announced the acquisition of Next’s Doncaster distribution warehouse for £29 million, reflecting a net initial yield of 6.3per cent. The off-market purchase, from a private property company, will be funded from London Metric’s... Read More
Orchard Street Investment Management has completed the purchase of 10 Templeback in Bristol city centre for £58.5 million. The waterfront office building, competed in 2008, was acquired from Benson Elliot on behalf of St James’s Place. 10... Read More
LaSalle Investment Management has purchased the freehold interest in 60 London Wall on behalf of an overseas client. The confirmation of the acquisition comes in a joint statement from LaSalle and the vendor Deutsche Fonds Holding AG. The global real... Read More
A leading European investment fund has made its second UK acquisition with the £18m purchase of a City of London office block. AEW Europe — which bought 65-68 Leadenhall Street on behalf of its Europe Value Investors Fund (EVI) — has not named the... Read More
Benson Elliot has expanded its retail portfolio with the acquisition of the Vicarage Field Shopping Centre in Barking, from Northern Ireland-based JV Lagmar. The £35 million off-market purchase represents a net yield of 8.5 per cent. Vicarage Field is... Read More
Legal & General Property (LGP) has paid more than £135m for a portfolio of six Home Counties office blocks. Collectively known as ‘Compass’ the package covers 452,233 sq ft of Grade A space. Previously owned by a private family office client... Read More
Schroder UK Real Estate Fund (SREF) has today announced the off-market purchase of a portfolio of assets in Hammersmith from the Matterhorn Palos Partnership for £153 million. The acquisition comprises the 340,000 sq ft Kings Mall Shopping Centre, the... Read More
A county council has paid just under £2m for a West Midlands trading estate. The purchase of the 21-unit site also unlocks access to an adjoining plot already earmarked for industrial development. The Herefordshire county authority has already... Read More
Birmingham based property group Real Estate Investors Plc (REI) has pursued a strategy of acquiring assets of strong future value since making its successful £45 million placing in April of this year, and is furthering its target to grow the value of its... Read More
The value of European commercial real estate investments hit a new high of €3.4tn (£2.4tn) last year — pushing it well beyond the 2007 pre-recession peak. According to DTZ’s 41st annual Money into Property the 2014 increase equated to a... Read More