British pounds

L&G sells 28 Cavendish Square to Lancer

Legal & General Property has sold the short leasehold interest in No28 Cavendish Square to its freeholder, Lancer, for a total consideration of GBP5.35 million, representing a net initial yield of 3.7 per cent. »


Manchester

Europa Capital sells One Piccadilly Gardens in Manchester to L&G for GBP75m

One Piccadilly Gardens in Manchester has been sold by Europa Capital to Legal & General Property’s Managed Property Fund for GBP75 million, reflecting a net initial yield of 5.64 per cent.  »


Acquisition

BGC's Newmark Grubb Knight Frank acquires Cornish & Carey

Newmark Grubb Knight Frank, part of BGC Partners, has completed its acquisition of Cornish & Carey Commercial, a Northern California-based real estate brokerage firm. »


UK flag

UK commercial property growth moderates in July, but industrials stand out
 


Commercial property values in the UK rose by 1.1 per cent in July, less than the 1.6 per cent growth seen in June, but still the second highest monthly increase of 2014 to date. »


Australia

Australian commercial property returns highest in two years

The Property Council/IPD Australia All Property Index Q2 2014 results show a total return of 9.7 per cent for the year ending June 2014. »


Handshake and money

Dream Industrial REIT makes USD128m portfolio acquisition

Dream Industrial REIT has entered agreements with KingSett Capital and Dream Office REIT to acquire two separate portfolios totalling 1.35 million square feet of industrial properties for approximately USD128 million. »


Warehouse

Helical Bar acquires industrial portfolio for GBP30m

Helical Bar has acquired a portfolio of 11 industrial and distribution warehouse assets from a separate account client of Rockspring Property Investment Managers for a total consideration of GBP29.7 million. »


Accounts

Atrium reports growth in gross and net rental income in H1 2014

Atrium European Real Estate Limited has reported a 5.7 per cent increase in gross rental income (GRI) to EUR106.9m for the first six months of 2014. »


Female

HNW women see alternatives as core investment holding in next few years, says study

High net worth (HNW) women are turning to non-traditional investments as they look to generate income, drive capital growth, and achieve portfolio diversification. »


Handshake

M7 Real Estate appoints head of investment management client relations

M7 Real Estate, the pan-European investor and asset manager specialised in multi-let light industrial properties, has appointed John Murnaghan as a senior director. »


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