MAPFRE has acquired an office building in Luxembourg, currently home to the law firm Clifford Chance. Office space makes up 82 per cent of the 5,195-square-meter property, which is located in the heart of the city’s financial district and holds BREEAM sustainability certification.

MAG Partners has secured a USD173 million construction loan from Madison Realty Capital that will allow work to commence next month on a 479-unit rental residential building at 241 W. 28th Street in Chelsea. 

Queensgate Investments and Rockwell has now been given the green light by the Greater London Authority (GLA) for the redevelopment of the Kensington Forum, to provide a hotel and serviced apartment scheme alongside 62 genuinely affordable homes and substantial public realm improvements. 

TSC Real Estate has advised a Luxembourg-based fund on the purchase of a care home located in Saxony for a price of around EUR16 million.

The Howard de Walden Estate has let 18,000 sq ft of offices at 2 Cavendish Square in London’s West End to HCA International.

Henley, a global private equity real estate investor, has exchanged on two brownfield land parcels in Fulham, London, in an off-market deal that will unlock the combined sites for a potential development of over 300 residential units, as well as re-activating a safeguarded wharf along the riverfront.

The RO Group has completed a major refurbishment at 49 Clarendon Road in Watford, which has now been rebranded as GNR8.  

A stamp duty surcharge to be introduced in April next year is going to seriously impact overseas developers and could cause inflation, says tax and advisory firm Blick Rothenberg.

The international business of Federated Hermes has completed two lettings totalling 7,601 sq ft across its office portfolio.

UK property finance platform LendInvest has reported a record quarter for signed bridging applications in Q3 2020.