ESR Cayman Limited (ESR) and ESR Funds Management (S) Limited (ESR-REIT) have completed the acquisition of 10.0 per cent of the total issued units in ESR Australia Logistics Partnership (EALP) by RBC Investor Services Trust Singapore Limited (in its capacity as trustee of ESR-REIT) for a purchase consideration of AUD60.5 million (approximately SGD62.4 million and USD46.6 million.
Global sustainability assessment standard BREEAM accepted under Fannie Mae’s Green Financing programme
Sustainability assessment method BREEAM's Residential Plus assessment programme for existing developments has been approved by national mortgage association Fannie Mae under its Green Financing programme.
London property investment company, LabTech, has signed 10 F&B brands covering over 5,000 sq ft at Hawley Wharf Camden.
Ergo Real Estate, on behalf of Aver Property (its JV with NFU Mutual) has completed deals on four key industrial schemes. The schemes are located in Middlewich (222,740 sq ft), Sheffield (191,500 sq ft), Oldham (367,160 sq ft) and Fradley (352,810 sq ft), totalling c1,134,000 sq ft of prime industrial space.
Investment into UK commercial real estate reached GBP2.6 billion in April 2021, down on the GBP4.2 billion seen in March according to Colliers’ latest Property Snapshot. The Easter holiday, the reopening of retail and leisure, and a lack of available industrial stock all played a role in the muted investment volumes recorded.
DataVita, Scotland’s largest data centre and multi-cloud services provider, has acquired the Fortis data centre in Lanarkshire with GBP45 million of support from HFD Group.
Ringley Group has appointed a new managing director to its build-to-rent (BTR) division, as the company aims to keep growing its exposure to the rapidly-expanding sector.
Oliver Bonas, the independent lifestyle brand, has signed for its first store in Essex, with the retailer securing a 4,000 sq ft regional flagship at Aquila Holdings’ Bond Street mall in Chelmsford. Set to open this summer, Oliver Bonas is one of five new brands to have committed to Bond Street post-lockdown as the centre demonstrates its resilience and ability to attract the best retail and culinary operators.
Livingbridge, one of the UK’s mid-market private equity investors, has raised GBP1.2 billion for Livingbridge 7, ahead of its final close.
BMO Real Estate Partners (BMO REP) has, on behalf of IPT Property Holdings Ltd, completed three leases totalling 26,642 sq ft of Grade A office space at County House in Chelmsford.