Tattersal Lorenz Immobilienverwaltung und management (Tattersal Lorenz), an owner-operated SME property manager based in Berlin, has taken over the technical and commercial property management of two commercial properties in the Medienstadt (Media City) Potsdam-Babelsberg.
Deals & Transactions
Baringsn has acquired, on behalf of a separate account mandate for SIS, a newly built retail park in Bad Kreuznach, Germany, from local developer, REBA Residenz Bauträger, for cEUR13 million.
CLS has unconditionally exchanged contracts to acquire three office properties in Greater London and the South East, for GBP59.71 million excluding costs from Aviva Investors.
M7 Real Estate (M7), an investor and asset manager specialising in multi-let properties, has let a 12,000 sq m production and logistics property in Erfurt, in the federal state of Thuringia, Germany, to Halung AG, a manufacturer of electrical equipment and appliances headquartered in Döllstädt, in the Gotha district.
Bruntwood Works has secured a a five-year lease with TTEC (UK) Solutions Limited, a wholly-owned subsidiary of digital customer experience (CX) technology and services company TTEC Holdings for more than 22,000 sq ft at the newly-refurbished West Gate in Leeds.
South Cambridgeshire District Council, represented by national property consultancy, Carter Jonas, has acquired 296 Cambridge Science Park from CBRE Global Investors for GBP7.2 million, reflecting a net initial yield of 5.95 per cent.
LondonMetric Property has sold a a portfolio of six distribution warehouses for GBP57.3 million to Canmoor and Canadian institutional investor, AIMCo, reflecting a blended NIY of 5.3 per cent.
The Primonial group, a key player in property asset management in Europe with more than EUR26 billion in assets under management, has signed a long-term agreement with Grupo Lar, a major Spanish property developer operating in various international markets.
Montano Asset Management (Montano) has acquired a modern, fully-let office building in Ratingen near Dusseldorf for a German institutional investor. The vendor is Barmenia Krankenversicherung AG.
UK Commercial Property REIT Limited (UKCM, which is managed and advised by Aberdeen Standard Investments, has exchanged contracts for the sale of Great Lodge Retail Park in Tunbridge Wells, to M7 Real Estate for GBP46.25 million less rent guarantee deductions.