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.
Singapore-listed Suntec Real Estate Investment Trust (Suntec REIT) has completed the acquisition of The Minster Building in London’s Central Business District. The Minster Building transaction follows the acquisition in December 2020 of a 50 percent stake in the landmark Nova Estate in Victoria, London (“Nova”) by Suntec REIT.
SEGRO has secured an agreement with Ocado to enable the grocery retailer to significantly expand its operations at Origin – SEGRO’s urban logistics and light industrial development on the Park Royal Estate, West London.
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.
Fiera Real Estate (FRE UK), Darin Partners and Bank of London and The Middle East (BLME) have acquired a BMW flagship dealership in Nottingham for over GBP9 million, reflecting a net initial yield of 6.1 per cent.
Wolverhampton has become the first English city to sign the European Circular Cities Declaration – a major environmental agreement designed to accelerate the adoption of circular economies across the continent.
Aukera Real Estate AG (Aukera) has received an initial capital commitment of EUR66 million from a German insurer for its Aukera Real Estate Debt Fonds II, which launched in July 2021.
Arrow Capital Partners, the investor and operator of real estate in Europe and Asia-Pacific, has completed the acquisition of a vacant plot in a last mile logistics location in London.
Spark RE Technologies has closed a USD5 million Series A investment round led by BDC Capital and Pender Ventures.