Hammerson to raise capital via share placing for £319m Birmingham acquisition
Hammerson plc has announced the proposed acquisition of the remaining 50% interest in Birmingham’s Bullring and Grand Central shopping centres for £319 million.
The...
NewRiver buys back £36m in shares as Growthpoint fully exits stake
NewRiver REIT plc has repurchased 47.7 million ordinary shares from Growthpoint Properties Limited for approximately £35.8 million, representing around 10% of its issued share...
John Lewis expands build-to-rent operations with Stratford site
The John Lewis Partnership (JLP) has expanded its build-to-rent (BTR) operations business with the addition of a fourth site in Stratford, East London, bringing...
Stanhope and Cheyne buy £450m London South Bank development site
Stanhope, together with Cheyne Capital, has completed the acquisition of Row One, a prominent development site on London’s South Bank.
The site, acquired from...
GCM Grosvenor-backed fund targets $3tn European real estate credit market
Zenzic Capital has launched the Zenzic Real Estate Credit Opportunities Fund, an opportunistic European credit evergreen vehicle anchored by funds managed by GCM Grosvenor,...
Commercial property investment in Central London rise 28% YoY in Q1 2019
Commercial property investment in Central London, the City and West End, increased by 28% to £3.2 billion in the first quarter of 2019 year-over-year...
European office tenants refocus on prime city centres amid rising costs
Office occupiers across Europe are increasingly concentrating leasing activity in core Central Business Districts (CBDs) despite rising costs, according to Cushman & Wakefield’s latest...
PATRIZIA buys build-to-rent development in Dublin for €93m
PATRIZIA AG has acquired a 166-unit build-to-rent development in Harold’s Cross, Dublin 6, Ireland, for EUR 93 million from Marlet Property Group on behalf...
UK property fund outflows remain elevated as ‘risk-off’ sentiment persists
Property funds saw outflows of £79 million in October, according to the latest Fund Flow Index (FFI) from Calastone.
The data marks the second consecutive...
M&GPrudential invests £875m in City Of London office complex
M&GPrudential will invest £875 million in 40 Leadenhall in the City of London to develop a new 905,000 square foot prime office complex.
M&GPrudential...
Prologis boosts Greater London logistics strategy with new development site
Prologis UK has purchased a 24-acre development site in North London, further strengthening its presence in the capital.
Positioned just off Junction 26 of...
Hyatt opens Great Scotland Yard hotel
Hyatt Hotels Corporation announced the opening of the 152-room Great Scotland Yard hotel as part of The Unbound Collection by Hyatt.
On the site of the former...
