Brookfield-owned Center Parcs prices £346 million bond issue
New bond will bear 5.94% interest rate
Brookfield-owned Center Parcs said that its CPUK Finance vehicle has priced a £346 million bond issue of 5.94% class A8 fixed rate secured notes due in 2047, with an expected matur...
Cromwell European REIT receives €340 million debt facility from international banking consortium
One-year loan helps to refinance €450 million bond due next year
Cromwell European Real Estate REIT has received a one-year, €340 million debt facility from a consortium of international banks.
Average office rental growth rate increases across Europe to 3.6% from 2.2%
Some markets see 400-basis points uptick
Expected average rental growth rate for European offices this year has improved across all locations from 2.2% to 3.6%, according to the IPF European Consensus Forecasts.
Multi buys minority stake in Sicilian shopping centre
Dutch firm will also act as property manager of Forum Palermo
Multi Corporation has partnered with Hayfin Capital Management to co-invest in the newly established Fondo Sun, which has finalised the acquisition of the Forum Palermo shopping ce...
BofA and Morgan Stanley launch £370 million Blackstone logistics CMBS
UK Logistics 2024-2 DAC is the fifth European securitisation this year
Bank of America and Morgan Stanley have launched a £370 million commercial mortgage-backed security backed by prime urban logistics properties owned by Blackstone.
AlphaReal makes two senior hires
Fund manager appoints Jamie Cash as senior funds director and Chris Palmer as senior adviser
AlphaReal has hired Jamie Cash as senior funds director and Chris Palmer as senior advisor.
Jon Zehner to retire as LaSalle's vice chairman by year-end
Zehner joined fund manager in 2012 as head of investor relations
Jon Zehner will retire as vice chairman of LaSalle Investment Management at the end of the year.
City of Hamburg buys building out of Signa insolvency for half the price
Austrian firm bought the property at Gerhart-Hauptmann-Platz four years ago
The City of Hamburg has bought a property for €112.5 million, more than half the price Austrian property firm Signa paid for it four years ago.
Brookfield to flip a third of Tritax Eurobox €1.5 billion portfolio to Segro after acquisition
Segro agrees to buy €470 million portfolio of Dutch and German properties
Brookfield has agreed to flip a €470 million portfolio of Tritax Eurobox properties to Segro after completing the acquisition of the listed industrial investor.
ASR to sell Rotterdam office building with €85 million price tag
The property has been let to 25 tenants
ASR real estate has instructed NL Real Estate to sell a multilet Rotterdam office building with a circa €85 million guide price, said two sources familiar with the situation.
Colliers hires Jeroen Lokerse as CEO of the Netherlands
Lokerse led Cushman's Dutch business for more than a decade
Colliers has appointed Jeroen Lokerse as chief executive of the Netherlands.
GPE buys West End refurb and secures £150 million ESG-linked loan
Investor buys Whittington House for £58.1 million
GPE has signed a new £150 million ESG-linked unsecured revolving credit facility at a headline margin of 90 basis points over the SONIA interest rate benchmark.
Blackstone completes €190 million Sicilian shopping centre sale to Hayfin
US private equity firm repays €150.6 million outstanding securitised debt
Blackstone has completed the sale of the Forum Palermo shopping centre in Sicily, Italy, to Hayfin Capital Management for around €190 million.
Austrian plastic producer signs for 126,133 square feet in Total Park Telford
Developer secures first tenant for speculative scheme
Total Developments has secured the first occupier at Total Park Telford, six months ahead of practical completion of the industrial and logistics development.
Arrow Global in talks to buy Utrecht shopping centre for around €100 million
Manchester-based investor recently bought mall in Leipzig
Arrow Global is in talks to buy a shopping centre in Utrecht for around €100 million, according to market sources.
Tristan fails to sell Brussels office building
Espace Rolin attracted investors wanting to turn it into residential use
Tristan Capital Partners has failed to sell a Brussels office building, CoStar News can reveal.
Tikehau seizes control of Ghelamco’s London Arc major office project
Belgian developer loses €64 million on first UK scheme
Ghelamco has lost control of its first UK project after mezzanine lender Tikehau seized control of 225 City Road in London.
Two German banks refinance Amsterdam office building with €240 million loan
Amundi and Korean investor KFCC had sought to avoid equity injection
German banks Berlin Hyp and DZ Hyp have refinanced the Atrium office building in Amsterdam, said Cushman & Wakefield, which advised the owners.
Vonovia sells €516 million of properties to second residential fund with HIH
HIH invests on behalf of institutional investors as Vonovia manages the properties
German fund manager HIH Invest Real Estate has launched a second investment fund with residential landlord Vonovia.
CBRE IM hires Tritax Eurobox's investment director for European logistics
Alina Iorgelescu to be investment firm's portfolio manager for that regional strategy
CBRE Investment Management has hired Alina Iorgulescu as portfolio manager for its Europe Logistics Strategy.