Clarion Partners Europe (Clarion Europe), formerly known as Clarion Gramercy, a real estate investment fund manager specialising in logistics and industrial assets, has acquired a 37,160 sq m, newly built, institutional grade warehouse near Illescas Yeles, south of Madrid.
Deals & Transactions
McKay Securities (McKay), a UK REIT specialising entirely in the office, industrial and logistics markets of the South East and London, has completed the sale of its long leasehold interest in 30 Lombard Street, a prime office building located in the heart of the City of London, to a German institutional fund.
CBRE Global Investment Partners (CBRE GIP) and IC Netherlands (IC NL) have acquired the residential element of ‘Don Bosco’ in Amsterdam, comprising 429 apartments, for their programmatic Dutch Urban Living Venture (DULV).
UK Commercial Property REIT Limited (UKCM), which is managed and advised by Aberdeen Standard Investments and owns a diversified portfolio of UK commercial property, has fully let its 377,070 sq ft XDOCK377 logistics unit at Magna Park in Lutterworth to Armstrong Logistics, a pan-European distribution company.
North East leisure operator, The Apartment Group (TAG) has expanded its portfolio with the purchase of two County Durham hotel properties through specialist business property adviser, Christie & Co.
John Robertson Architects (JRA) has completed the sensitive refurbishment and restoration of 1-3 and 7-8 Frederick’s Place, and 35 Old Jewry, as part of its master plan for the Mercers’ Company.
Dutch institutional real estate manager Bouwinvest Real Estate Investors has opened an international office in New York as it targets approximately USD350 million (EUR300 million) increase in its investments in North America to take total assets under management in the market to USD2.0 billion EUR1.7 billion) at the end of 2022, from USD1.65 billion (EUR1.4 billion) now.
Värde Partners has completed its previously announced sale of a portfolio of eight luxury hotels operating under The Dedica Anthology brand (Dedica) to Covivio, a European real estate operator, through its subsidiary Covivio Hotels.
Hammerson has announced the signing of Mrs Chew’s Chinese Kitchen, a new concept from Singaporean restaurateur Ellen Chew, at its flagship destination Grand Central in Birmingham.
Legal & General's later living business, Inspired Villages, has started construction at Elderswell, its GBP60 million later living scheme in Turvey, Bedfordshire.