Supermarket Income REIT has acquired a Tesco supermarket in Prestatyn, North Wales from Ediston Property Investment Company for GBP26.5 million (excluding acquisition costs) representing a net initial yield of 5.3 per cent.
Allianz Real Estate, on behalf of several Allianz group companies, has acquired a special purpose vehicle (SPV) owning a newly built, last-mile logistics facility in southern Vienna for EUR72 million.
Newcore Capital Management, a social infrastructure investment manager, has concluded GBP30 million of real estate transactions as part of its ongoing social infrastructure strategy.
FirstPort has appointed a Director of Supply Chain Operations to ensure that customers and clients are at the centre of its strategy.
By Nick Edwards, COO, Audley Group – A couple of weeks ago global advisory company, Willis Towers Watson, published research into the size of the global pensions market. One of the lead findings being that the UK pensions market has been overtaken by Japan, pushing the UK into third place, with both sitting behind the United States which holds a significant share of the market – 62 per cent of worldwide pension assets.
Värde Partners, a leading global alternative investment firm, has agreed the forward sale of its One Parc Central office development in Barcelona to DWS for EUR128 million.
TLT has advised Network Homes Limited on the acquisition of a large mixed-use scheme which comprises 100 residential units and over 1700 square metres of commercial space.
Tattersall Lorenz has been appointed by Sonar Real Estate to carry out the property management of the “Roxy Palast” in Berlin.
Pro-invest Group, a global investment firm specialising in private equity real estate and real estate asset management, has commenced construction on Holiday Inn Express & Suites Sunshine Coast in the heart of the new Maroochydore CBD.
Pluto Finance is targeting a figure of GBP600 million in new lending over the remainder of this year, following the repayment of GBP300 million from its loan book in Q4 2020 and Q1 2021.