Italy flag

Benson Elliot moves into Italy with investments in Rome and Udine

Benson Elliot has acquired Via Aurelia 278 in Rome and Terminal Nord in Udine (northern Italy) through the acquisition of 100 per cent of the units in funds managed by Europa Risorse SGR.  »


Sold sign

BlackRock property fund sells Rondo 1 office complex in Poland

The Blackrock Europe Property Fund II has sold the Rondo 1 office complex in Warsaw, Poland to two funds managed by Deutsche Asset & Wealth Management’s real estate business. »


Istanbul

REC opens branch office in Istanbul

REC Real Estate Consultancy, a German company specialising in technology consultancy-related services for real estate companies, has opened a branch office in Istanbul. »


Manchester

Co-operative Group and Hermes Real Estate form NOMA JV

Hermes Real Estate has been named as The Co-operative Group’s joint venture partner on the UK’s biggest regional redevelopment project, the GBP800m NOMA scheme in Manchester City Centre. »


Scotland flag

Link Group borrows GBP45m in private placement deal with M&G Investments

Edinburgh-based housing association Link Group and M&G Investments, the international investment manager, have struck a deal that provides the Link Group with GBP45m of long-term institutional financing. »


Brussels

Stable total returns for Belgian property in 2013

All sectors of Belgian investment property delivered a total return of 3.5 per cent in 2013, a small decrease compared with 3.6 per cent in 2012, according to the IPD Belgium Annual Property Index. Inflation (CPI) was 1.2 per cent. 
 
 »


Closed sign

Madison International Real Estate Liquidity Fund V closes at USD825m

Real estate private equity firm Madison International Realty has held the final closing of its latest fund, Madison International Real Estate Liquidity Fund V, with USD825m of equity commitments. »


Marriott London Grosvenor Square Hotel

Strategic Hotels & Resorts sells Marriott London Grosvenor Square Hotel to PE firm

Strategic Hotels & Resorts has closed on the sale of the Marriott London Grosvenor Square hotel and the acquisition of the remaining 50 per cent ownership interest in the Fairmont Scottsdale Princess. »


Spain flag

Slight recovery for Spanish commercial real estate

Spanish commercial property showed a 0.3 per cent total return in 2013, after a negative return of 2.2 per cent in 2012, according to the IPD Spain Annual Property Index. »


UK flag

Ignis increases UK property forecast to 15.5 per cent for 2014

Ignis Asset Management has revised its forecast for UK commercial property in 2014 and is now expecting a 15.5 per cent total return for the asset class this year. »


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