MAPFRE has acquired an office building in Luxembourg, currently home to the law firm Clifford Chance. Office space makes up 82 per cent of the 5,195-square-meter property, which is located in the heart of the city’s financial district and holds BREEAM sustainability certification.
UK house prices have risen again in the latest ONS house price index for August, showing that growth is picking up steam as 2020 progresses, despite the effects of the pandemic.
Immofinanz has appointed international real estate adviser Savills as sole property manager for its portfolio of seven office buildings in Prague, Czech Republic, with effect from January 2021. The total floor area of the assets is approximately 123,000 sq m.
A joint venture between Benson Elliot, a London-based private equity real estate manager, Générale Continentale Investissements (GCI), a Paris real estate investment group, Canadian institution Alberta Investment Management Corporation (AIMCo) and 21st Capital, has pre-let the entirety of its Latitude office building to Sopra Steria.
Real estate assets to fall by up to 10 per cent or more in value, but will bounce back by 2021, says Duff & Phelps
Duff & Phelps, a provider of governance, risk and transparency solutions, has published a survey revealing that nearly four in 10 investors (39 per cent) expect commercial real estate assets to fall between 5-10 per cent in value in 2020, whilst nearly a third (31 per cent) predict a fall of 10 per cent or more as a result of the pandemic.
Private equity real estate investment manager Meyer Bergman has completed the sale of Montblanc House, Hamburg to Values Real Estate, formerly DC Values, for an undisclosed sum.
By Jonathan Gilbert, Investment Partner at Hartnell Taylor Cook – For decades, London property has been an attractive prospect for both domestic and overseas investors. Whilst the oversea investment in residential property has always been well established in London, in the last 15 to 20 years, there has been a shift to also incorporate commercial assets.
EQT has held the final close of the EQT Real Estate II fund at its hard cap of EUR1 billion in fee-paying assets under management.
Adventurous Journeys (AJ) Capital Partners has acquired The Marine Hotel in Troon, Scotland. The 89-key hotel positioned along the Ayrshire Coast will be the third Scottish golf property acquired by AJ Capital.
A survey of CFO and Financial leaders from March by Health & Safety Consultants Arinite has revealed that the majority of businesses are planning to shift 5 per cent of their staff to remote work permanently post-Covid. With five months of working from home, Arinite analysts predict that these numbers are closer to 20 per cent.
The UK care home sector is in need of a shake-up having come uder the spotlight during the Covis-19 crisis, according to a new report from JLL.