Whilst quarterly investment volumes in Q1 2020, which totalled GBP2.6 billion, fell to GBP595 million during Q2, there has since been a surge in activity in London’s commercial office market.
Deals & Transactions
Arrow Capital Partners, an investor and operator of real estate in Europe and Asia-Pacific, has acquired a 248,000 sq ft logistics unit known as Corby 248 at Midlands Logistics Park, a joint venture between Mulberry Developments and Frogmore.
Leading offshore law firm Carey Olsen has advised Singaporean property developer and investor Sun Venture on the purchase of One New Oxford Street in London from Nuveen Real Estate.
Invesco Real Estate (Invesco) has exchanged contracts on the sale of a prime office asset in Paris to La Française Real Estate Managers on behalf of one of its clients.
Allianz Real Estate, acting on behalf of several Allianz Group companies, has acquired two prime office buildings which form part of the landmark CityLights office complex in the Paris region.
Luxembourg-based asset and investment specialist REInvest Asset Management has acquired 30 Lombard Street for the DEREIF SICAV-FIS fund, which invests in projects across Europe.
Ashurst advises Castlelake and Merlcombe on the sale of 28 real estate assets in Germany and France to Blackstone
Global law firm Ashurst has advised funds managed by Castlelake, and its partner Melcombe, on the sale of a portfolio comprising 28 urban logistics assets to real estate funds managed by Blackstone.
Moorfield completes 325,000 sq ft lease renewal with Geberit UK at Cheshire East distribution warehouse
Moorfield Group, a UK focused real estate fund manager, on behalf of Moorfield Real Estate Fund IV (MREF IV), has agreed a five year lease renewal with Geberit UK, the European leader in the field of sanitaryware, at its prime distribution warehouse in Alsager, near Crewe, North West England.
St Modwen has signed three more occupiers to its Great Western Business Park in Worcester, occupying close to 25,000 sq ft of space.
Stoneweg, a real estate investment adviser and asset manager with operations and capabilities across Europe and the United States, has secured the acquisition of a 211,668 sq m industrial site in the suburbs of Madrid.