Weslyan Assurance Society, represented by Nightingale Partners, has purchased the freehold of a Grade A, 18,500 sq ft (1,743 sq m) office building in Bath from Wessex Water Services Limited, represented by national property consultancy Carter Jonas.
Deals & Transactions
A joint venture between the EPISO 5 opportunity Fund and SNEL BeratunsgesellschaftmbH (SNEL) has closed on the first asset for a new logistics strategy investing in well-located, value-add properties in Germany and Austria.
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds, has invested GBP65 million in debt issued by Pobl, a housing association based in Newport, Wales.
Impact Smart Homes, part of the Impact Capital Group, has formally submitted a planning application to Sevenoaks District Council to build its first smart home neighbourhood consisting of 56 technology rich new homes, in Sevenoaks, Kent.
Fiera Real Estate UK Limited (FRE UK) is pleased to announce the completion of three asset disposals for its open ended core UK long income real estate fund (FRELIF UK) as it moves overall lease duration closer to its longer term target of 20 years plus in line with overall liability matching objectives.
AXA Investment Managers - Real Assets (AXA IM - Real Assets) is to acquire, on behalf of clients, Kadans Science Partner (Kadans) business from funds advised by Oaktree Capital Management LP.
LXi REIT has acquired 11 foodstores and two discount stores from five different vendors/developers for a total cost of GBP61 million.
QUEST Investment Partners and HASPA PeB Projektentwicklungs-und-Beteiligungsgesellschaft have established a joint venture for the acquisition and refurbishment of Hamburg’s historic Hindenburghaus property.
Alternative asset manager Cheyne Capital Management (UK) LLP (Cheyne Capital) has provided a EUR96 million senior loan to finance the refurbishment of a large office building in Paris, France.
South London developer Avanton and Thomas’s London Day Schools have secured planning consent to transform the Royal Academy of Dance headquarters, at 36 Battersea Square, into a new senior school, to be known as Thomas’s Battersea Square.