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Macfarlanes advises Twenty14 Holdings on acquisition of Great Scotland Yard Hotel

Fri, 06/12/2019 - 10:44

Macfarlanes has advised Twenty14 Holdings, a hospitality investment firm based in Abu Dhabi, on the acquisition of the Great Scotland Yard Hotel in London’s Westminster from British developer Galliard Homes for circa GBP110 million. »

New proposals for Edinburgh’s New Town revealed

Fri, 06/12/2019 - 09:42

Ambitious new proposals for one of Edinburgh’s largest development projects for more than a decade have been unveiled. »

Outlook for development finance takes a hit as industry says staying in EU best for London development activity

Fri, 06/12/2019 - 09:36

The Autumn edition of the London Development Barometer (LDB) survey has found that 59 per cent of respondents believe that staying in the EU would be the most advantageous outcome for London development activity. »

Prologis expands China development venture to USD3.5bn and forms USD1.7bn China open-end fund

Fri, 06/12/2019 - 08:59

Prologis has expanded its development venture in China and increased its development capacity to more than USD3.5 billion. Prologis also announced the formation of its new USD1.7 billion open-ended Prologis China Core Logistics Fund (PCCLF). »

Tristan Fund and Allianz JV sells Warsaw Financial Centre to CPI PG

Fri, 06/12/2019 - 08:58

A joint venture between Curzon Capital Partners III (CCP III), a core-plus real estate fund advised by Tristan Capital Partners and Allianz Real Estate, acting on behalf of several Allianz group companies, has sold the Warsaw Financial Centre (WFC) to CPI PG, a Warsaw and Luxembourg listed investor, developer and asset manager. Financial details have not been disclosed. »

Allianz acquires French logistics portfolio

Fri, 06/12/2019 - 08:56

Allianz Real Estate, acting on behalf of several Allianz group companies, has expanded its logistics footprint in France, acquiring a core logistics portfolio consisting of four prime assets. »

PATRIZIA splashes EUR1.2 bn on pan-European logistics portfolio

Fri, 06/12/2019 - 08:55

PATRIZIA AG, has acquired a pan-European portfolio of 42 logistics assets from BentallGreenOak for around EUR1.2 billion on behalf of a logistics fund, backed by a club of institutional investors, comprising PFA Pension in Denmark and Public Officials Benefit Association (POBA) in South Korea as well as PATRIZIA Logistik-Invest Europa II (PLIE II). »

AIPUT secures pre-let to expand its dnata City East air cargo facility at Heathrow

Thu, 05/12/2019 - 16:39

Aberdeen Standard Investments’ AIPUT fund (Airport Industrial Property Unit Trust) has signed a pre-let agreement with its long-standing customer, dnata, promoting the continued growth of its industry-leading air cargo facility at dnata City East, located immediately south of Heathrow Airport. »

Greenman OPEN acquires EUR112m portfolio of Kaufland-anchored retail centres

Thu, 05/12/2019 - 10:49

Greenman OPEN is to acquire five food-anchored retail properties with a combined purchase price of circa EUR112 million, increasing its portfolio value to crca EUR707 million and consolidating its position as Germany’s largest food retailer focused investment fund. »

Edinburgh shows flex appeal

Thu, 05/12/2019 - 10:38

In this week’s newsletter, Emily Perryman looks at a new report from Knight Frank which reveals that recent rapid growth in Edinburgh’s tech sector is driving demand for ‘quirky’ flexible office space in the Scottish capital. »