Sold sign

Rockwood Capital and Jamestown-led partnership closes on sale of 530 Fifth Avenue for USD595m

A partnership among Rockwood Capital, Jamestown, Crown Acquisitions and Murray Hill Properties has closed on the sale of 530 Fifth Avenue in New York to a partnership led by Thor Equities. »


Travelodge

L&G purchases Piccadilly Gardens Travelodge for GBP23m

Legal & General Property (LGP) has acquired 19/31 Piccadilly Gardens in Manchester for total consideration of GBP23,100,000 from Jolan Piccadilly Limited. »


Accounts

Prologis Q3 core FFO up 18 per cent year-on-year

Prologis has reported core funds from operations (FFO) per fully diluted share of USD0.48 for the third quarter of 2014 compared with USD0.41 for the same period in 2013, a year-over-year increase of 18 per cent. »


EU flag

Logistics occupiers in Europe will benefit from lowest cost inflation, says DTZ report

Occupier demand will grow steadily across all three regions, supported by strengthening trade, e-commerce, consumption and manufacturing, according to a report by DTZ Research. »


Care home

Aviv REIT acquires two skilled nursing facilities

Aviv REIT has acquired two skilled nursing facilities (SNF) in Dallas, Texas for USD28.5 million.   »


Warehouse

IDI Gazeley Espana to develop 23,000 sq m build to suit logistics warehouse

IDI Gazeley (Brookfield Logistics Properties) is to develop a new 23,000 square metre (247,500 square foot) logistics warehouse for multi-national retailer Carrefour in Torrejón de Ardoz (Madrid). »


Russia flag

RDIF to invest in development of new logistics facilities

The Russian Direct Investment Fund (RDIF) is to invest in the development of Class A logistics space in Russia as part of a joint venture. »


Handshake

Orangefield appoints Anna Coutts Donald as director in UK office

Orangefield, a provider of corporate and fund services, has appointed Anna Coutts Donald as director at its UK office.  »


Ireland flag

Irish property returns reach all-time high in Q3 2014

Returns from Irish commercial real estate continued to rise in the third quarter of 2014 to reach 11.0 per cent, their highest level since the IPD/SCSI Ireland Quarterly Property Index began in 1995, according to data from MSCI. »


British pounds

Carey Olsen advises on Kennedy Wilson Europe Real Estate’s GBP351.5m secondary fundraising

Carey Olsen has advised existing client Kennedy Wilson Europe Real Estate plc (KWERE) on its secondary equity issuance which raised GBP351.5 million through a firm placing and placing and open offer. »


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