Deals and Transactions

deals and transactions
British pounds

M&G Real Estate acquires Royal Mail distribution unit in West Yorkshire

M&G Real Estate has acquired a distribution warehouse in Normanton, West Yorkshire for GBP12.996m (GBP59 psf), representing an initial yield of seven per cent. »


Lease

Cushman & Wakefield represents Millennium Partners in retail lease to Primark

Cushman & Wakefield has represented Millennium Partners in a long-term retail lease with Primark, a European fashion retailer, at the Millennium Tower/Burnham Building in Boston’s famed Downtown Crossing. »


Canada flag

Partners REIT acquires three retail centres in Ontario

Partners Real Estate Investment Trust has closed its acquisition of three retail centres in Ontario. »


Document signing

BlackRock UK Property Fund acquires Circular Point site in Chingford

The BlackRock UK Property Fund has acquired the Circular Point site in Highams Park, Chingford, and will fund the speculative development of a 100,000 square feet trade counter and warehouse scheme. »


Warehouse

Gramercy Property Trust to purchase USD73.4m industrial portfolio

Gramercy Property Trust is to acquire a portfolio of four industrial properties totalling approximately 1.6 million square feet for an aggregate purchase price of approximately USD73.4 million plus transaction expenses. »


Money and calculator

Power REIT closes acquisition and establishes USD26m credit facility

Power REIT has closed an acquisition and entered into a USD26.2 million credit facility. »


Union Jack Pound

PITCH completes GBP20.5m of acquisitions

Mayfair Capital Investment Management’s flagship fund, the Property Income Trust for Charities (PITCH), has completed GBP20.5 million of acquisitions. »


Edinburgh

M&G Real Estate signs up Hogarth Worldwide in Edinburgh

M&G Real Estate has agreed to let 8,633 square feet on a 10-year lease to global marketing agency Hogarth Worldwide at its Grade A office development at Waverleygate in Edinburgh. »


British pounds

Maven raises GBP7m for BPRA qualifying hotel development in Glasgow

Maven Capital Partners, a private equity and alternative asset manager, has secured GBP7 million of funding for a hotel development using the benefits of Business Premises Renovation Allowance (BPRA). »


Money and calculator

Hines Securities tops USD5bn in capital raise

Hines Securities has surpassed USD5 billion in total capital raised since its inception.  »


Upcoming events

3 days 5 hours from now - Chicago
3 days 21 hours from now - London
4 days 21 hours from now - London

Upcoming training

Mon, 12/05/2014 (All day) - Dubai
Tue, 13/05/2014 (All day) - Dubai