Maven Capital Partners has added a fourth hotel to its portfolio, following the opening of its latest development in Glasgow. The company has also completed the sale of a student accommodation development in the city. The ibis Styles boutique hotel in the Merchant City district, opened after the £7m redevelopment of a former office... Read More
Rockspring Property Investment Managers has confirmed the first close of its sixth TransEuropean VI (TEP VI) fund. Attracting total commitments of €217.5m (£162.8m) from five UK, French, Finnish and United States investors — representing more than half of the fund’s €400m (£299m) target — the vehicle now has close to €1bn... Read More
AXA Investment Managers – Real Assets has completed the acquisition of a centrally located office complex in Milan, Italy. The leading real estate portfolio and asset manager acquired Via Battistotti Sassi, 11, for a total of €33.5 million (£25 million) on behalf of a dedicated real estate alternative investment fund launched and... Read More
A 1 million sq ft business park at Whitebirk in Lancashire has been given the go-ahead after Hyndburn Borough Council approved plans submitted by Praxis Holdings. Praxis, whose UK land bank totals around 500 acres, has secured planning permission for a mixed-use scheme of industrial and distribution units, together with around 35,000... Read More
Specialist European real estate private equity firm, Peakside Capital, has acquired a mixed-use property in Berlin for an undisclosed sum. The purchase, on behalf of its Peakside Real Estate Fund II (PREF II), is its first asset in the German capital. Alongside the acquisition — the third by the fund — Peakside also confirmed it... Read More
Leeds’ leading out of town retail destination, White Rose Shopping Centre, has secured six new tenants during the past three months, owner Land Securities has announced today. Tessuti has taken up a 3,900 sq ft unit with an additional 1,607 sq ft mezzanine as part of its rapid expansion following its unveiling by JD Sports Fashion... Read More
Europe’s largest listed commercial property company Unibail-Rodamco, and joint venture partners Socri, have announced that British fashion brand Reiss is to open its first stand-alone store in France at their new shopping destination Polygone Riviera at Cagnes-sur-Mer. The 3,800 sq ft store occupies a prominent corner position in the... Read More
Baytree Logistics Properties, The pan-European logistics and industrial development platform was launched by AXA Investment Managers – Real Assets, has announced the appointment of François La Rochefoucauld as Development Director for France. Regional Head of Asset Management and transactions at AXA IM’s Southern Europe division,... Read More
Office take up in Edinburgh is set for another record-breaking year according to new research by services and investment manager Jones Lang LaSalle (JLL). In total, 193,000 sq ft was transacted in the Scottish capital between July and September, up more than 30 per cent on the same period last year. Occupier take up for 2015 so far now... Read More
Leading real estate asset and investment manager AEW Europe has appointed Patrick Meutermans (pictured) as Head of Belgium and the Netherlands, as the firm continues to expand its presence in the two markets. The appointment follows AEW Europe’s acquisition of the Celsius Portfolio in July, which includes ownership of the Waasland... Read More
As major shopping centre owners throughout the UK continue to invest in the construction and growth of leisure quarters, the battle to secure restaurant and café tenants has intensified. Fortunately, though, it seems expansion is very much still on the cards for leading brands, with Sovereign Centros securing three new tenants for Telford... Read More
Ireland’s biggest regional shopping centre has been placed on the market with a €150m (£111.8m) guide price. Joint agents Savills and Coady Supple say they expect “significant international interest” in the sale. Whitewater Shopping Centre — located at Newbridge, County Kildare, 31 miles south-west of Dublin — opened... Read More
Hong Kong property company Peterson Group has announced it is pumping £300m into Manchester’s Great Northern Warehouse — less than 48 hours after it took full control of the historic site. The eight year project, in partnership with London-based Trilogy Property, will see the Grade II listed building on the corner of Deansgate and... Read More
Property specialist Bruton Knowles has announced that it is close to completing a four-year programme to dispose of 21 surplus police stations, on behalf of Surrey Police. Fraser Castle, from the firm’s Guildford office, was in charge of the disposals. He said: “We have essentially finished this programme of sales for Surrey... Read More
Three months after TalkTalk announced it was consolidating its North West operations, commercial agents Canning O’Neill and Jones Lang LaSalle (JLL) have been instructed to sell off more than 100,000 sq ft the the firm’s office space. In June the telecommunications and broadband provider confirmed it was moving out of Stanford... Read More
London headquartered Centurion Properties has appointed Harry Ingham (pictured) as an investment analyst, focusing on acquisitions and asset management. The appointment is in line with the firm’s growth plans as it seeks to diversify its portfolio. Ingham joins Centurion from accountancy firm Saffery Champness where he spent nearly... Read More
In what it describes as a “strategically important instruction”, Knight Frank has been appointed to manage a major new Essex logistics development. The commercial agency will now provide estate, property and facilities’ management services for DP World’s 560-acre London Gateway Logistics Park at Stanford-le-Hope. With consent... Read More
As the price of commercial property in traditional London hotspots continues to rise, investors are increasingly looking beyond these prime areas in search of more attractive returns. This, according to the Farebrother and Union Street Partners IPD Centre of London Office Investment Report H1 2015, has seen both the Midtown and South Bank... Read More
Despite England’s disappointing performance in the Rugby World Cup, there is still plenty of action to look forward to, and intu is joining in the spirit of the tournament by offering a programme of online and in-centre activities to enjoy in the weeks leading up to the final. In partnership with MasterCard, intu has utilised its... Read More
Rockspring Property Investment Managers has acquired a prestige office building in Amsterdam. The €32m (£25.5m) deal was made on behalf of a private investor representing a “separate account client”. The Zuidpark office block — which underwent a 2012 refurbishment — contains 161,000 sq ft of Grade A office space. It is... Read More
Land Securities has completed the redesign of the public realm at its Thomas More Square (TMSQ) estate on the edge of The City, creating 10,000 sq ft of new restaurant and retail space which is due to open by the end of the year. The conclusion of the transformation follows the refurbishment of the office space at 3 TMSQ which was... Read More
Universal Music has confirmed it will bring its entire 1,000-plus London workforce under one roof when it moves to its new King’s Cross headquarters next summer. Universal's Music's current UK HQ in Kensington The world’s leading music company — home to artists such as James Bay, Ellie Goulding, Mumford & Sons, The Rolling... Read More
