Valor Real Estate Partners (Valor), a pan-European logistics platform, and QuadReal Property Group, have secured a new dual tranche revolving credit line for their EUR1 billion last mile logistics Joint Venture, comprising a GBP100 million tranche and a EUR100 million tranche, with HSBC and CIBC.
Deals & Transactions
Mitsubishi Estate London, advised by Europa Capital, a pan-European real estate investment manager, has acquired a c7,000 sq m office building in Stockholm’s central business district from AFA Insurance.
Mayfair Capital’s Property Income Trust for Charities (PITCH) has acquired an urban supermarket property in North London for GBP12.7 million, reflecting 3.54 per cent net initial yield.
Legal & General and Oxford University secure planning consent for new GBP200m life sciences building, designed by NBBJ
The University of Oxford and Legal & General have achieved planning permission for The University of Oxford’s largest ever building project, the Life and Mind Building, representing a major milestone for the GBP4 billion Oxford University Development (OUD) partnership and its first landmark scheme.
Barings has agreed to forward fund the development of two purpose built student accommodation (PBSA) buildings in London and Manchester, on behalf of a value add investment strategy, for a total of GBP43.8 million.
Aviva Investors, the global asset management business of Aviva has acquired Rotebühlstrasse 121, an office building located in Stuttgart, on behalf of one of its clients.
Urban Village Capital launches two new Midland residential developments following GBP54.8m investment
Launch events have been announced by real estate specialist, Urban Village Capital, for two major Midland residential redevelopments.
Solum Regeneration – a joint venture between Kier Property and Network Rail – has now started construction work to deliver the first three phases of a GBP200 million redevelopment scheme at Guildford Station.
International real estate advisor and property consultants Savills India has launched Workthere in India. Workthere is a brokerage backed online listing platform for flexible, co-working and managed office spaces, across geographies.
McKay Securities (McKay), a UK REIT specialising entirely in the office, industrial and logistics markets of the South East and London, has agreed a lease renewal with Domestic & General (D&G), a specialist warranty provider, of 37,400 sq ft (70 per cent of the office space) at Swan Court in Wimbledon.