Commodus completes Berlin office deal (DE)

Commodus completes Berlin office deal (DE)

Uncategorized Commodus has secured over 120,000m² of office space in the centre of Berlin with the purchase of a second building half at the former AEG site near Brunnenstrasse. In the transaction closing at the end of 2019, the investment company acquired the second part of the...
Jan 17, 2020
Barings acquires Spanish supermarket portfolio for €73.4m

Barings acquires Spanish supermarket portfolio for €73.4m

Uncategorized Barings, acting on behalf of a core investment strategy for institutional investors, has acquired a portfolio of ten supermarket assets across five Spanish regions from Kennedy Wilson for €73.4m. The portfolio, which comprises a total of c.38,800m², is fully let...
Jan 16, 2020
LaSalle acquires Frankfurt office building (DE)

LaSalle acquires Frankfurt office building (DE)

Uncategorized LaSalle Investment Management has acquired the prime office building Morrow in Frankfurt’s Westend. The purchase agreement has been signed on behalf of the LaSalle E-REGI fund, with closing in July 2020. The vendor is Projektentwicklung Oberlindau, a joint venture...
Jan 16, 2020
Reuben Brothers to build Pacha brand

Reuben Brothers to build Pacha brand

Uncategorized The Reuben Brothers, have formed a joint venture with the Pacha Group and acquired the Hotel Pacha Ibiza, in a sale-and-leaseback transaction. It has been reported that the brothers were planning to expand the brand around the world with a portfolio of hotels. The...
Jan 14, 2020
Hines acquires Frankfurt office property for €114m (DE)

Hines acquires Frankfurt office property for €114m (DE)

Uncategorized Hines, acting on behalf of the Hines Pan-European Core Fund (HECF), has acquired “Werfthaus” office property in Frankfurt, for a price of approximately €114m. The building was sold by Tristan Capital Partners; with Barings Real Estate acting as an asset manager....
Jan 14, 2020
Great Portland Estates sells Kurt Geiger UK HQ for €75m

Great Portland Estates sells Kurt Geiger UK HQ for €75m

Uncategorized Great Portland Estates has exchanged contracts to sell 24/25 Britton Street, EC1 to an overseas investor for a headline sale price of €75.5m (£64.5m), equating to €75m (£64.06m) after deduction of vendor top-ups. The headline price reflects a net initial yield of...
Jan 13, 2020
Heimstaden Bostad acquires Czech resi portfolio for €1.3bn

Heimstaden Bostad acquires Czech resi portfolio for €1.3bn

Uncategorized Round Hill Capital announced that funds advised by Blackstone Tactical Opportunities and Round Hill Capital have exchanged contracts to sell the shares of a residential property portfolio in the Czech Republic owned and operated by RESIDOMO to Heimstaden Bostad AB for...
Jan 13, 2020
Jamestown enters Europe with €289m Rotterdam deal (NL)

Jamestown enters Europe with €289m Rotterdam deal (NL)

Uncategorized U.S. real estate investment and management company Jamestown has acquired Rotterdam’s historic Groot Handelsgebouw, its first large format acquisition in Europe. The 122,000m² historic structure, located in the heart of Rotterdam next to the Central Station and 20...
Jan 12, 2020
Mandarin Oriental Ritz, Madrid to reopen this summer

Mandarin Oriental Ritz, Madrid to reopen this summer

Uncategorized The iconic Hotel Ritz, Madrid is set to reopen in the summer as Mandarin Oriental Ritz, Madrid, following the most extensive restoration in its 110-year history. The hotel, which was designed and built under the supervision of legendary hotelier César Ritz, first...
Jan 09, 2020