Castlelake is to acquire up to 49.9 per cent of the shares of Millenium Hotels Real Estate, a listed real estate investment company that specialises in luxury hotel properties in Spain and Portugal.
Relentless has formed a joint venture with KKR to deliver the St Michael’s development in central Manchester. Initial work on the site is expected towards the end of the year in the commercial phase of the project.
Greenman OPEN (GMO), Germany’s largest food-retail focused investment fund, has signed a new seven year debt facility for EUR17 million to refinance the Berlin Hansa-Centre, marking the fund’s first financing deal with MünchenerHyp.
Spark RE Technologies has closed a USD5 million Series A investment round led by BDC Capital and Pender Ventures.
Mosaic Real Estate Investors co-founder departs following investment by Lubert Adler Real Estate Funds
MREC Management/Mosaic Real Estate Investors (Mosaic) has completed the initial phase of a significant capital investment from Lubert Adler Real Estate Funds into its managed Mosaic Real Estate Credit Funds.
Office investment has seen the best month since December 2019 with GBP2.7 billion transacted according to Colliers’ Property Snapshot research.
QSix Real Estate Finance (REF) has completed a EUR25 million acquisition loan in The Netherlands. The funds will be used by the borrower to purchase four hotel and hospitality properties, each located at a variety of strategic motorway points across The Netherlands.
Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, has provided a USD38.1 million bridge loan to fund construction completion of a multifamily property located at 179 S County Highway 393, Santa Rosa Beach, Florida.
Investment in Scottish commercial property increased by more than one-third (35 per cent) compared to the same period last year during the first six months of 2021 as the market continued its recovery from the pandemic, according to analysis from Knight Frank.
Kinetic Capital (Kinetic), a specialist in the purpose-built student accommodation (PBSA) sector, has launched an investment programme with StepStone Real Estate (SRE) who will provide capital to target at least GBP200 million of purpose-built student accommodation (PBSA) loans across the UK and Ireland.