Icona and Stoneweg take over Cromwell’s European platform
Icona Capital and Stoneweg have completed the landmark acquisition of Cromwell Property Group's European fund management platform and associated co-investments.
This includes a 27.8%...
JLL Income Property Trust buys life sciences building in New Jersey for $47m
JLL Income Property Trust has purchased 170 Park Avenue, a 147,000-square-foot, purpose-built life sciences building in Florham Park, New Jersey for $47 million.
The property...
Urban Logistics acquires site in Bromborough, Wirral for £16.3m
Urban Logistics, the UK logistics REIT, has acquired off-market a logistics site in Bromborough, Wirral for £16.3 million at a net initial yield (NIY)...
JBG SMITH signs agreements with Amazon
JBG SMITH announced that it has executed three leases and two Purchase and Sale Agreements with affiliates of Amazon.com, Inc. in conjunction with the...
RDI sells UK retail parks portfolio for £156.9m
UK Real Estate Investment Trust RDI has agreed to sale its UK retail parks portfolio of six assets for £156.9 million to M7 Real Estate Limited, on behalf of M7...
Supermarket Income REIT buys Newcastle Sainsbury’s store for £53.1m
Supermarket Income REIT plc has purchased a Sainsbury's supermarket in Heaton, Newcastle upon Tyne, from the National Farmers Union for £53.1 million, reflecting a combined net initial yield of 4.1%.
The...
Pebblebrook Hotel Trust, SH Hotels announce 1 Hotel San Francisco
Pebblebrook Hotel Trust, a publicly traded real estate investment trust(REIT) and SH Hotels & Resorts announced the property redevelopment plan at Hotel Vitale in San...
Workspace CEO Graham Clemett to retire this year
Workspace Group PLC has announced that Graham Clemett, Chief Executive Officer (CEO), will retire in 2024, following the appointment of his successor and the...
Landsec sells London office development to Lendlease for £809m
British commercial property development company Landsec has agreed to sell a London office development, 21 Moorfields, EC2, to an investment vehicle managed by global...
Simon Property refinances its revolving credit facility
Simon Property Group, a real estate investment trust engaged in acquiring, owning and leasing a diverse portfolio of shopping malls and an S&P 100...
LXi REIT divests St Albans retail park for £31m
LXi REIT has sold a retail park in St Albans to a UK institution for £31 million, equating to a net initial yield of 4.7%.
The property is let...
Picton reviews merger and sale options amid sustained valuation discount
Picton Property Income Limited has announced the commencement of a strategic review alongside a potential formal sale process, as the board evaluates options to...
