House

Harewood Associates backs Help-to-Buy scheme

A property investment company in Greater Manchester has praised the government’s Help-to-Buy scheme after recent figures revealed how it is providing a stimulus for house building and economic recovery in the UK. »


Degree

LJ Group commits EUR100m to Cresco’s German student housing platform

LJ Group, a privately owned multi-family office, has committed a total of EUR100 million of equity to Cresco Capital Group’s German student housing venture, Cresco Urban Yurt. »


Two fingers

Kames Capital wins two indirect property mandates totalling over GBP150m

Kames Capital has won two indirect property mandates totalling more than GBP150 million – a GBP103m portfolio from a corporate pension fund and a further GBP50m from a university pension scheme. »


Team meeting

Olswang advises London & Associated Properties on GBP45m facility

International law firm Olswang has advised London & Associated Properties (LAP) on its recent GBP45m senior and mezzanine facilities from Santander and Europa Capital Mezzanine, the first time LAP has borrowed from either lender.  »


Copenhagen

Cordea Savills European Retail Fund acquires retail asset in central Copenhagen

Cordea Savills has purchased a flagship retail asset in Copenhagen for circa EUR28 million/DKK215 million from Aberdeen Asset Management on behalf of the European Retail Fund, advised by Capital Invest.  »


Warehouse

Picton acquires Belkin distribution warehouse

Picton, the income focused property investment company, has completed the acquisition of a distribution warehouse in Rushden, Northamptonshire for GBP20 million reflecting a net initial yield of 7.7 per cent. »


France flag

IDI Gazeley appoints construction director for France

IDI Gazeley (Brookfield Logistics Properties) has appointed Julien Millet as construction director France.   »


Two fingers

Prologis acquires logistics facilities in Poland and Hungary

Prologis’ European Properties Fund II (PEPF II) has acquired two logistics facilities in Poland and Hungary. »


Handshake

Hines promotes Paul Gompoulos to managing director for Greece

Real estate firm Hines has promoted Paul Gomopoulos to managing director for Greece. »


The Point, Paddington

WELPUT and Hermes Real Estate sell The Point

West End of London Property Unit Trust (WELPUT), advised by Grafton Advisors and managed by Schroder Property, and Hermes Real Estate have exchanged contracts to sell The Point, Paddington Basin Unit Trust for GBP210.0 million.  »


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