Investment

Finland

Rishi Sunak Commends Landmark UK Investment

UK premier Rishi Sunak has welcomed Metsä Tissue’s decision to select Goole in the East Riding of Yorkshire as the location for a major planned new European investment. This announcement is another example of the UK being the first choice for European investment and delivers on my commitment to grow the economy, creating better-paid jobs and…

News

Teesside International Airport Partnership to Deliver Green Energy Project

A new solar array capable of eventually producing enough green electricity to power the equivalent of more than 17,000 homes has been announced by a Joint Venture between Teesside International Airport and SSE Energy Solutions. Teesside International Airport, located between Darlington and Stockton-on-Tees in Northern England, is popular with holidaymakers to Spain, Turkey and Majorca.…

News

Sale of Two-Tenant Pad Building in Northern Los Angeles County 

Hanley Investment Group has brokered the sale of a two-tenant retail pad building occupied by AutoZone and Precision Eyebrow Threading salon at a Target-anchored shopping center in northern Los Angeles County. The net-leased investment sold for US $2.65 million with Hanley’s Executive Vice Presidents Kevin Fryman, Bill Asher and Jeff Lefko represented the seller, a private investor…

India

Saudi Arabia Supports Global Efforts to Prevent Future Pandemics—Minister

At the G20 Health Ministers’ Meetings in Gandhinagar, India on 19th August, Saudi Health Minister Fahad Al-Jalajel addressed the continuing need to support the COVID-19 Tools ACT-Accelerator initiative to prevent future pandemics. Launched by the World Health Organization (WHO) at the 2020 G20 Riyadh summit, the accelerator is a global research programme dedicated to developing…

Germany

UK Real Estate Investment Platform Signs Partnerships in Germany and Estonia

FCA-regulated investment platform Shojin has entered into partnerships with LINUS Digital Finance, a German real estate investment platform and Estonian real estate crowdfunding platform, Reinvest24.  London-based Shojin offers a co-investment model to allow individuals to invest in real estate assets, including institutional-grade property development projects. Founded in 2016, Berlin-based LINUS also harnesses technology and real estate expertise to give…

ESG

Acquisition of Spanish Supermarkets for European Food Retail Strategy Fund

Savills Investment Management has acquired two new Aldi supermarkets in Spain for its European Food Retail Strategy fund. The fund now has capital commitments from German institutional investors of around €370 million, raised since 2020. The first supermarket in Alzira, Valencia was acquired from developer Ten Brinke at the end of June and comprises around…

News

Meridian Appoints Managing Director, Strategy & Development

Meridian, a real estate developer and investor specializing in healthcare and life science developments, has appointed Michael Arvin as the company’s new Managing Director, Strategy & Development. Arvin brings over 25 years of healthcare executive experience to his role, providing strategic advisory services to the executive leadership team and supporting nationwide growth initiatives. Arvin’s extensive…

Netherlands

Cape Investment Partners Back Global inepro EV Infrastructure Expansion

Developer of EV-charging infrastructure inepro has received significant financial backing from ‘deal-by-deal’ capital finance platform Cape Investment Partners (CIP) to support its accelerated international growth. inepro, which launched in the Netherlands in 1990, manufactures and distributes smart metering solutions and RFID readers as one of the only few focused players in the European industry. The…

United Kingdom

Domestic Investors Confident in UK Property Market

Portfolio professional landlords in the United Kingdom see opportunities despite a tough economic climage with a majority planning to acquire at least one new asset in the next 12 months according to research commissioned by Handelsbanken. The Handelsbanken Professional Landlords Survey was conducted by PureProfile in March 2023 and involved a sample of 200 professional property investors with…

News

Terran Orbital Breaks Ground at California Satellite Manufacturing Facility

Global satellite company Terran Orbital Corporation and net lease REIT W. P. Carey have broken ground on a 94,000 sq. ft satellite manufacturing facility at 4 Goodyear in Irvine, California.  In partnership with Terran Orbital, W. P. Carey – one of the largest net lease REITs with an enterprise value of approximately US $25 billion…

News

Savills IM Adds €100 Million Swedish Residential Portfolio to European Living Platform

Savills Investment Management (Savills IM) has entered into an agreement to acquire six fully let residential assets in Sweden for c. €100 million for its European Living platform. The seller of the assets was the Swedish listed developer and property company K2A Knaust & Andersson Fastigheter AB, and the deal was sourced off market. The…

News

Why Mortgage Rate Hikes are Driving U.S. Rental Housing Resiliency

Ana Lai, Real Estate Senior Director at S&P Global Ratings, comments on the impact of 12 months of mortgage rate increases on rental housing affordability following a low interest ‘home-buying boom’ in the residential REIT and social housing markets. Mortgage costs have nearly doubled, forcing more consumers to rent or to continue renting for longer. S&P…

News

What Scrapping Britain’s Lifetime Pension Allowance Might Mean for Buy-to-Let

David Hannah, Chairman of Cornerstone Tax, considers the impact of the increase in the pension savings annual allowance and removal of a lifetime allowance charge from 6th April on the UK’s buy-to-let market. With inflation standing at a 45-year high of 10.4 per cent, there has been a growing trend of Brits – most commonly those approaching retirement – turning to…

China

Savills Preliminary FY22 Results

Savills plc today announces its preliminary results for the year ended 31 December 2022. Key financial highlights Group revenue up 7% to £2.3bn (2021: £2.15bn) Underlying* profit before tax decreased 18% to £164.6m (2021: £200.3m) Reported profit before tax decreased 16% to £153.9m (2021: £183.1m) Underlying basic EPS down 19% to 94.9p (2021: 116.5p); reported basic…

News

PropTech Raises 28 Million SEK in New Share Issue

Swedish PropTech company Navian Tech has closed a capital funding round of 28 million SEK with several well-known investors. One of the new shareholders, a Swedish investment company that wishes to remain anonymous, subscribed to 8 million SEK of stock in the company. Navian Tech offers a platform for digitising the real estate development industry,…

News

Savills IM Reports Over €3.9bn of Transactions in 2022

Savills Investment Management (Savills IM) transacted more than €3.6 billion globally in private real estate equity transactions in 2022 including c. €3.1 billion in Europe and c. €540 million in Asia. Savills IM completed those 112 transactions across 14 countries in 2022, including around €2.1 billion of acquisitions and €1.5 billion of disposals, resulting in…

FM Magazine

Roundtable: Issues and Trends in Hotel Development Finance

In a macro-economic context featuring several challenges including political uncertainty, rising interest rates, a surge in development costs and ESG-related pressures, the hospitality industry has shown great resilience with numerous signs of a well-engaged trading recovery. At an industry day hosted by Glion Institute of Higher Education London for its MSc Real Estate, Finance and…

Asia Pacific

Savills IM to Acquire Brisbane Office Building for Pan-Asian Fund

Savills Investment Management (Savills IM), the international real estate investment manager, has agreed to acquire HQ South, an A-grade office building in Fortitude Valley, Brisbane from M&G, for its flagship pooled pan-Asian strategy fund. The asset comprises a modern 14,588 sqm building in the thriving near-city Fortitude Valley precinct, with 1,503sqm in food and beverage…

Finance

EIB and Community of Madrid Agree Financing for Line 11 Metro Extension

The European Investment Bank (EIB) and the Community of Madrid (CAM) have agreed EIB financing of €554 million of financing and R&D loans for the line 11 Metro extension between Plaza Elíptica and Conde de Casal in Madrid. Separate agreements for project finance and the financing of research and development activities have been signed in Madrid…

Asia Pacific

Savills IM Acquires Japanese and Australian Properties for Pan-Asian Fund

Savills Investment Management (Savills IM) has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia for its flagship pan-Asian fund. In Japan, Savills IM has acquired a high-quality office in Greater Tokyo. The multi-tenant building totals approximately 5,500 sqm of rentable…

News

MRI Acquires South African Tenancy Credit Bureau

MRI Software has announced its acquisition of Johannesburg-based TPN Group, a registered credit bureau serving the residential, commercial and education markets in South Africa. TPN’s solution portfolio includes verification services for credit, employment, and criminal records, as well as legislation-compliant document packs, market reports, and toolkits. Founded in 2000, TPN serves more than 20,000 property…

Mauritius

deVere Mothballs UK Property Investment Advisory Citing Mortgage Woes

deVere Group, which has US $12bn under advisement, has announced the temporary closure of its UK property investment division as inflation fears suggest the Bank of England will need to hike interest rates more aggressively to combat rising prices. James Green, deVere Group Investment Director, explains: “We are concerned about the availability of credit and,…

France

Savills IM Acquires Logistics Properties for Pan-European Logistics Fund  

International real estate investment manager Savills Investment Management (Savills IM) has acquired three logistics properties in France for a total €72 million on behalf of its European Logistics Fund 3 (ELF 3). The ELF 3 portfolio now comprises 15 properties in five countries.  In Dijon, an inner-city cross dock facility to serve the last mile…

Appointments

CREFC Announces Chair Elect and Changes to Leadership Board

CREFC Europe, a trade association for real estate lenders and the European real estate finance market,  has announced its new Chair Elect at its Annual General Meeting. Nassar Hussain of Brookland, already a member of the CREFC Europe Board, has stepped into the Chair Elect role.  Chris Bennett of DekaBank takes over as Chair from…

IAQ

IAQ Sub-standard in Three Quarters of UK Classrooms

According to a new survey of 133 schools across the United Kingdom, three-in-five teachers believe there is a link between indoor air quality and student health, with as many believing poor air quality is aggravating asthma and other lung conditions. The Air Quality in UK Classrooms Report survey commissioned by ventilation solutions provider Airflow Developments also…

News

Survey Uncovers Inadequate Succession Planning by Smaller Professional Landlords in the UK

Handelsbanken Wealth and Asset Management is urging professional landlords in the United Kingdom to plan for the future following a survey finding that 52 per cent of owners of small portfolios of four or more properties have no succession planning. The survey findings by the local relationship bank also suggest a worrying lack of succession…

News

Savills IM Announces Acquisitions as it Launches UK Build-to-Rent Strategy

Savills Investment Management (“Savills IM”), the international real estate investment manager, has acquired Pitmore, the UK Development and build-to-rent (BTR) specialist, as a key part of plans to grow its UK residential and BTR platform. As one of the UK’s most experienced residential advisors, being involved in the sector since 2012, the senior partners of…

China

Shojin Reports Asian Investor Growth

FCA-regulated online real estate investment platform Shojin is reporting a 35 per cent increase in Asian investors over the past year as real estate in the United Kingdom continues to be in demand from global investors. The company is gaining strong momentum among investors based in Hong Kong, Singapore and Taiwan, mirroring the changing appetite…

Contracts

Charlton Athletic Extends Gather & Gather Catering Contract

CH&CO business Gather & Gather has won a five-year contract extension from Charlton Athletic Football Club as the exclusive caterer for The Valley stadium and Sparrows Lane training ground. Gather & Gather’s specialist stadia team will continue to provide all hospitality and retail concourse catering at The Valley on matchdays, as well as selling conferences…

Contracts

SSEN Transmission Launches Digital Journey with IBM Maximo and Peacock Engineering

Scottish and Southern Electricity Networks (SSEN) Transmission has appointed Peacock Engineering, a class-leading specialist in Enterprise Asset Management (EAM) solutions, as part of its digital investment strategy, aligned with Ofgem’s RIIO-T2 price controls for electricity providers to deliver world-class service and reliability.    Using an IBM Maximo cloud-based solution fully managed by Peacock Engineering, the new…

Contracts

Momentum Group Awarded FM Contract for One of Liverpool’s Oldest Buildings

Yakel Property Investment has awarded a facilities management contract for Oriel Chambers in Liverpool to The Momentum Group. The Grade I listed building on Water Street, situated in the heart of the commercial district, was recently purchased by Yakel Property Investments with an ambition to create a central hub and business community whilst preserving, updating,…

Australia

Real Estate Investment Platform Launches Israeli JV

FCA-regulated online real estate investment platform Shojin has partnered with innovative Israel-based investment platform, Realty Bundles, in a new joint-venture to lower barriers to entry for investors seeking to invest in institutional-grade real estate globally. The company has also announced it expects to announce additional initiatives in Australia and South Africa shortly. Shojin has offices…

News

Savills IM Acquires Swedish Distribution Centre for European logistics fund

Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a distribution centre in Rosersberg near Stockholm, Sweden in an off-market transaction on behalf of its flagship European logistics fund, for an undisclosed purchase price. The fund’s portfolio comprises a total of 28 logistics assets in six European countries, and is now…

Appointments

Fergus Keane to Join BNP Paribas Real Estate from Cushman & Wakefield

BNP Paribas Real Estate (BNPPRE) has announced the strategic appointed of Fergus Keane from Cushman & Wakefield as the new Head of its Central London Office Investment team. Keane, currently an international partner in Cushman & Wakefield’s London Markets team, has over two decades of experience in commercial property throughout the UK and Ireland. Working…

News

Savills IM Acquires Bury St Edmunds Warehouse Units

Savills Investment Management has completed the acquisition of five industrial warehouse buildings at Treatt Buildings, Northern Way Industrial Estate, Bury St Edmunds for £5.25 million (£833k per acre). The Northern Way Industrial Estate is located in an established industrial area of Bury St Edmunds and benefits from easy access to the A14, possessing a mix…

News

Savills IM UK Value Boxes Fund Deploys £75 Million on Retail Park Assets

Savills Investment Management’s UK Value Boxes fund has deployed £75 million on four retail park assets since launching in October 2021. Savills IM’s UK retail park strategy was launched in October 2021 with the aim of capitalising on the strong income-producing characteristics of the UK retail parks sector, with a focus on parks let to…

HVAC

Seed Funding Round for AI Sustainable Commercial Building Design and Lifecycle Management Platform

Israeli tech startup BeamUP has raised US $15 million of seed funding from StageOne Ventures and US-based Ibex Investors to market its AI platform for sustainable design and lifecycle management of commercial real estate. The company which is also being supported by prominent business angels including Chano Fernandez, the CEO of Workday, utilises patented AI…

Appointments

Savills IM Announces New Head of Client Capital for the Netherlands

Savills Investment Management has hired Jan Willem Vis as Head of Client Capital, Netherlands. Based in Amsterdam, Vis will report to Giuseppe Oriani, Co-Head, Client Capital (EMEA) and work alongside Edgar Hertog and Marcel Fleminks – Co-Heads of Savills IM’s Netherlands operations, in a role that will develop client relations in the region. With over…

News

Savills IM Expands Expertise in Living Space

Savills Investment Management (Savills IM) has hired Adam Alari as Head of European Living Research. Based in London, he will report to Andrew Allen, Global Head of Research, Product Strategy and Development.  Adam’s appointment underlines Savills IM’s commitment to expanding its expertise and product offering in the Living space. His experience across the commercial living…

News

Thornton Hall Country Park Goes Electric

A trail-blazing family business near Skipton has been named as the first location in Yorkshire to launch a Be.EV electric vehicle charging hub. Emma and Chris Harrison, who run Thornton Hall Country Park in Thornton-in-Craven, transformed their family farm into a thriving business and tourist attraction after they took over the business from Chris’ parents.…

Malaysia

Shojin Property Partners Secures First Real Estate Investment in ‘Silicon Valley of the East’

  Shojin Property Partners, an FCA-regulated online real estate investment platform, has successfully raised over £850,000 from more than 40 global investors for its first international project outside of the United Kingdom.  The funds will be used as an initial deposit to acquire 20 apartments within Muze, the first residential phase of the multi-billion Ringgit…

Events

Final Call for Exhibitors: International Property Show Dubai 2022

FM Industry partner event, International Property Show (IPS) Dubai, will take place from 24 to 26 March 2022, offering regional and global real estate investors the opportunity to benefit from an upturn in demand created by Expo 2020. Dubai’s real estate market continues to recover from the impact of the Covid-19 pandemic following the introduction…

Construction

Rating Action: Moody’s Upgrades Hammerson Outlook from Negative to Stable

Moody’s Investors Service (Moody’s) has today affirmed the Baa3 issuer rating and the Baa3 senior unsecured ratings of Hammerson Plc (Hammerson). At the same time, the rating agency has affirmed the Baa3 backed senior unsecured rating of Hammerson Ireland Finance DAC. The outlook of both entities has been changed to stable from negative. Rating-Action-Moodys-changes-Hammersons-outlook-to-stable-from-negative-affirms-Baa3-ratings-04Feb22-1

Japan

Savills IM Announces EUR 3.4 Billion of Transactions in 2021

Savills Investment Management (Savills IM) transacted more than EUR 3.4 billion globally in 2021, with Europe accounting for around EUR 2.6 billion and Asia EUR 670 million of the total figure. Globally, transactions included around EUR 2.1 billion of acquisitions and around EUR 1.2 billion of disposals, resulting in a net investment of approximately EUR…

Construction

Waterproofing a Prime City Centre Development

Eleven York Street, a 10-storey mixed-use development in Manchester city centre features a waterproof roofing system installed by BriggsAmasco. Combining prime office space, retail units and Grade A accommodation, the high-profile development which occupies an area of 26,000 square metres, was completed by Kier Construction on behalf of Aviva Investors to a design by AHR…

Denmark

Savills IM Nordic Logistics Fund Sells Danish Portfolio

Savills Investment Management (Savills IM) has sold a logistics portfolio consisting of four assets in Kolding and Greve near Copenhagen, Denmark, on behalf of its Nordic Logistics Fund. Macquarie Asset Management acquired the portfolio on behalf of its European logistics real estate fund. The purchase price was not disclosed. The assets have a total lettable…

Germany

ABG Capital Acquires VTG Center, Hamburg

Institutional investment manager ABG Capital has agreed the acquisition of The VTG Center, a prominent multi-tenant office complex in Hamburg-Mitte, Hamburg from Savills Investment Management (Savills IM).   One of 11 property holdings in the Savills IM Real Invest 1 fund – a closed real property institutional investment fund launched by Savills IM and three…

Healthcare

Sale Heralds New Dawn for California Medical Facility

12.11.2021, 12:52 Sale Heralds New Dawn for California Medical Facility Cushman & Wakefield has advised on the sale of Tustin Rehabilitation Hospital, a 73,180 SF medical facility comprising two buildings in Tustin, California. Located at 14851 Yorba St and 165 N Myrtle Ave, the asset respectively consists of a single-story, 17,180 SF skilled nursing facility…

Appointments

Savills IM Announces Senior Asia Pacific Appointment

10.11.2021, 11:20 Savills IM Announces Senior Asia Pacific Appointment Savills Investment Management (Savills IM) has appointed Nicholas Kinsey to the new role of Head of Logistics, Asia Pacific (APAC).   Stationed in Bangkok, Kinsey will assume responsibility for developing the real estate investment company’s logistics capabilities in the logistics sector across the Asia Pacific region.…

Germany

Savills IM Fund to Acquire Leipzig Office Building

30.09.2021, 14:44 Savills IM Fund to Acquire Leipzig Office Building Savills Investment Management (Savills IM) has signed a purchase agreement for an office building currently under construction in Leipzig for its club deal special fund, “Savills IM Real Invest 1”.   The developer and seller is Helaba Real Estate Group business, OFB Projektentwicklung GmbH, which specialises…

News

Family Investment Vehicle Acquires LA Retail Anchor Store

28.09.2021, 12:52 Family Investment Vehicle Acquires LA Retail Anchor Store Cushman & Wakefield has brokered the sale of a newly built single-tenant grocery property in Los Angeles, California for US $35 million. Completed in 2020, the 29,456 SF property is located prominently on the southeast corner of Centinela Avenue and La Tijera Boulevard and benefits…

Blog

Investing in Commercial Real Estate

23.09.2021, 18:43 Investing in Commercial Real Estate Despite a tail-off in demand for commercial real estate during the Covid-19 pandemic, the asset class is expected to return to growth rates similar to those of the last decade within five years. With offices reopening from national lockdowns imposed by many countries, employers are beginning to accommodate…

Construction

Work to Commence on Maybole Community Education Campus

22.09.2021, 13:42 Work to Commence on Maybole Community Education Campus hub South West – a public-private partnership between local authorities, the NHS, blue light services and multiple contractors, has concluded financial terms with Morgan Sindall for the construction of a £55 million Community Education Campus in Maybole, South Ayrshire, Scotland.   Scheduled to open in…

Netherlands

European Logistics Fund 3 Acquires Amsterdam Distribution Centre

24.08.2021, 11:31 European Logistics Fund 3 Acquires Amsterdam Distribution Centre Savills Investment Management (Savills IM) has acquired a newly completed distribution centre near Amsterdam, the Netherlands from VDG Real Estate for EUR 46.9 million on behalf of its European Logistics Fund 3.   ELF 3 is an open special alternative investment fund targeted at international…

Education

Cushman & Wakefield Strengthens California Investment Sales

19.08.2021, 08:31 Cushman & Wakefield Strengthens California Investment Sales Veteran commercial land and investment sales professional John Kaufman has joined Cushman & Wakefield as a senior director of its Sacramento office. During the last two decades, Kaufman has brokered numerous transactions throughout California and Nevada. He has worked with many high-profile clients and dozens of…

Denmark

Acquisition of Danish New-build Distribution Centres

18.08.2021, 08:45 Acquisition of Danish New-build Distribution Centres Savills Investment Management has acquired a newly built distribution centre and a distribution centre that is currently under construction in Horsens, Denmark, for its European Logistics Fund 3 (ELF 3).   The vendor and tenant in the sale-and-lease-back transaction is logistics service provider DKI Logistics A/S. The…

News

Savills IM Acquires Warehouses from UBS

11.08.2021, 14:05 Savills IM Acquires Warehouses from UBS Savills Investment Management has acquired two warehouses within the Leganés Logistics Park on the outskirts of Madrid from UBS Asset Management for EUR 51.56 million.   The logsistics facilities are the latest addition to Savills IM’s portfolio on the Iberian peninsula, which includes assets under management (AuM)…

Appointments

CBRE Announces Senior Internal Appointments

29.07.2021, 13:02 CBRE Announces Senior Internal Appointments CBRE has promoted Emma Giamartinoto to the position of Global Group President, Chief Financial Officer & Chief Investment Officer, and appointed Vikram Kohli as Global Group President for Business Intelligence.   Giamartino previously served as the group’s Chief Investment Officer, with Kohli serving as SVP Business Insights &…

Contracts

Rightmove Partnership Attracts Investors in Real Estate Auction Platform

14.07.2021, 10:05 Rightmove Partnership Attracts Investors in Real Estate Auction Platform RO Capital Partners, the recently launched PropTech investment division of the RO Group, has co-led a £1.1m funding round alongside the Cass Enterprise Fund in online property auction technology platform for estate agents and auction houses, Bamboo Auctions.   The investment has been supported…

Japan

Savills IM Adds Assets to Japan Residential Fund

30.06.2021, 10:38 Savills IM Adds Assets to Japan Residential Fund Savills Investment Management has acquired or committed to acquire a further JPY 24 billion (US $218 million) of residential real estate for inclusion in its Japan Residential Fund II (JRFII).   Twenty-four of the 27 new assets are in Greater Tokyo and will form part…

Construction

Contract Awarded for Cambridgeshire Net Zero Ready Industrial Development

28.06.2021, 11:20 Contract Awarded for Cambridgeshire Net Zero Ready Industrial Development Savills Investment Management (Savills IM) has awarded the construction contract for a new net zero carbon ready industrial development on the outskirts of Cambridge to be marketed as “Bourn Quarter”.   The contract award to Readie Construction follows a successful application for planning permission…

News

Investment AB Spiltan Increases AktivBo Stake

16.06.2021, 09:11 Investment AB Spiltan Increases AktivBo Stake Investment AB Spiltan is investing a further €1 Million in AktivBo Group, the Swedish developer of a survey and analytics platform for the global real estate industry. The growth capital will be used to accelerate technology development and scale up the international expansion of the PropTech company,…

Construction

Angel Central TFM Contract

24.05.2021, 10:33 Angel Central TFM Contract Commercial real estate consultants Lambert Smith Hampton (LSH) have appointed ABM as facilities manager for the Angel Central shopping centre in Islington, North London.   The centre which is owned by CBRE Global Investors is home to a strong line-up of shops, restaurants and cinema, and has recently completed a…

Australia

ANZ Property Management Software Contract

20.05.2021, 14:43 ANZ Property Management Software Contract Real estate fund manager Centuria Capital Group has selected MRI Software to provide a cloud-based property management solution for a portfolio of around 200 assets. The solution will automate the full lifecycle management of the real estate assets which are part of Centuria Capital’s AUD $10 billion property…

Contracts

Merger to Create US $5.5 billion REIT Powerhouse

The Equity Commonwealth Real Estate Investment Trust and Monmouth Real Estate Investment Corporation have entered into a definitive merger agreement that will see the former acquire Monmouth in an all-share transaction valued at approximately US $3.4 billion including assumed debt. Under the terms of the agreement, Monmouth shareholders will receive 0.67 shares of Equity Commonwealth…

News

Leading Real Estate Investment Sales

18.03.2021, 16:29 Leading Real Estate Investment Sales Real Capital Analytics (RCA) has ranked CBRE in top place for global commercial real estate investment sales for a tenth successive year. RCA credited CBRE with 24.2 per cent of market share across all property types in 2020—an 860-basis point lead over its nearest competitor, and 460 basis point…

Contracts

NVM Announces £18m Pareto MBO

09.03.2021, 15:34 NVM Announces £18m Pareto MBO NVM Private Equity (NVM) has completed an £18 million management buy-out of UK facilities management business, Pareto FM. Funds from the deal will be used to buy out two founder shareholders and invest in technology to support the firm’s continued growth. Oxfordshire-based Pareto FM has built a strong…

News

Revolutionising the Guest Experience

10.12.2020, 12:46 Revolutionising the Guest Experience Peter Vinke, Director of International Key Accounts at Philips Professional Display Solutions (PPDS) discusses the evolution of Android-powered Hospitality TV during the Covid-19 pandemic.   The impact of COVID-19 has had a massive effect on, and continues to affect, the global economy, with few businesses unimpacted. While many sectors…

Education

Record UK Investment in Plastic Recycling Technology

16.10.2020, 00:11 Record UK Investment in Plastic Recycling Technology UK Research and Innovation (UKRI) is investing £20 million in four cutting-edge recycling plants that reduce landfill and incineration of waste plastics, and recycle waste into sustainable plastics. The investment from the organisation’s Industrial Strategy Challenge Fund combines with £65 million of industry funding to create…

Maintenance

BIM Maintenance “Gamechanger” Secures Seed Funding

09.10.2020, 14:37 BIM Maintenance “Gamechanger” Secures Seed Funding Two construction experts with a vision to revolutionise building maintenance by making Building Information Modelling more accessible, have raised £250,000 to bring their smart building solution to market. Ian Yeo and Scott Pilgrim launched Bimsense four years ago after becoming frustrated by the traditional approach to building…

Contracts

Aviva Investors Awards Catering Contract

30.09.2020, 11:32 Aviva Investors Awards Catering Contract Houston & Hawkes have been selected for a hospitality and catering contract at Belmont House, a multi-tenanted office building in Uxbridge, west London, owned by asset manager Aviva Investors. Under the five-year contract, the caterer will provide café, hospitality and free issue services with menu options including made-on-site cakes…

Bahrain

Digital Transformation is Key to Recovery

30.09.2020, 02:15 Digital Transformation is Key to Recovery Transforming SMEs into digital enterprises is essential for providing resilience against pandemics according to several of the panelists participating in Global Manufacturing and Industrialisation Summit #GMIS2020. The latest virtual panel session concluded government support alone is not enough to facilitate change, however, and entire ecosystems that include…

Events

Optimising ICD Brookfield Place

23.09.2020, 18:04 Optimising ICD Brookfield Place The ICD Brookfield Place (ICDBP) development in Dubai International Financial Centre has selected the Facilio AI platform for its building performance optimisation.   Developed by Investment Corporation of Dubai (ICD) and Brookfield Properties, ICDBP promotes itself as the premier lifestyle and business destination in the Gulf, occupying over four…

News

Advising on the Sale of an Iconic Industrial Building

21.09.2020, 16:47 Advising on the Sale of an Iconic Industrial Building Cushman & Wakefield has been retained as exclusive advisor for the sale of 2020 Piper Ranch Rd, a 601,417 SF multi-tenant industrial building in San Diego, California. Considered by many to be San Diego’s largest iconic industrial building, the Class A facility is situated…

Energy Management

Expediting Workplace Re-entry in Silicon Valley

11.09.2020, 01:04 Expediting Workplace Re-entry in Silicon Valley Design modifications will support the safe relocation of tenants to the new Lawrence Station Office and R&D complex which is under construction in Santa Clara, California. Owned and developed by Bayview Development Group (BDG), the five-story, 173,472 square foot development is situated at 3655 Kifer Road. In the…

Environment

Merit Partners Acquires Significant Industrial Development Site

08.07.2020, 10:44 Merit Partners Acquires Significant Industrial Development Site Cushman & Wakefield has brokered the sale of an 83 acre site in Phoenix, Arizona for a proposed 900,000 sq ft. Class A+ industrial park development by a regional affiliate of Merit Partners. The property will be developed on a build-to-suit and/or speculative basis, and the…

Education

Smart City Energy Scheme Pilot

A local energy system to demonstrate how ground source heat pumps with smart heating controls reduce heating costs and carbon emissions is being piloted in Oxford by UK housing provider Stonewater and Kensa Contracting. Sixty Stonewater homes at Blackbird Leys are being fitted with Kensa’s low carbon heating solution which features ground source heat pumps connecting each property…

News

Doubling-Down on Downtown Sacramento

17.03.2020, 12:52 Doubling-Down on Downtown Sacramento Cushman & Wakefield have facilitated the acquisition of 87,140-square-foot mixed-use office and retail building, 630 K Street in downtown Sacramento, California by New York Life Real Estate Investors (NYL REI). As part of a new repositioning plan, the owner will be making significant capital improvements to the asset that…

News

Commentary on Green Heat Network Fund in UK Budget Statement

12.03.2020, 10:48 Commentary on Green Heat Network Fund in UK Budget Statement Anthony Coates-Smith, managing director of Insite Energy, a London-based heat network metering and billing payment specialist which manages approximately 250 UK heat network schemes, comments on UK government proposals to invest in a new Green Heat Network Fund. The Chancellor of the Exchequer,…

Environment

SME Forum to Colocate with AIM 2020 (Dubai, 24-26 March)

05.03.2020, 15:07 SME Forum to Colocate with AIM 2020 (Dubai, 24-26 March) The UAE Ministry of Economy will highlight the contribution of smaller businesses to the global digital economy at the SME Forum and Exhibition held with FM Industry partner event, the Annual Investment Meeting (AIM), from 24 to 26 March.   Organised by the…

Education

Industry Recognition for Cushman & Wakefield Executive

Fox is a key member of Cushman & Wakefield’s Northern California Capital Markets group which specializes in selling office and industrial parks from the Bay Area to Sacramento. The prestigious Hall of Fame honor was presented at the 44th Annual ASVB Awards Banquet held on February 27th at Levi’s Stadium in Santa Clara.  The ASVB Annual…

Blog

The Impact of Brexit on Future Workspaces

27.11.2019, 10:42 The Impact of Brexit on Future Workspaces Steve Marsden, Co-founder of flexible workspace search agency Domain Office Search considers the impact of the continued uncertainty surrounding Brexit on the UK’s workspace market and economy. Uncertain about uncertainty? The UK has narrowly avoided a recession by the skin of its teeth. Many sectors have…

Contracts

Keeping the Lights On

25.10.2019, 17:37 Keeping the Lights On Richard Kirkman, Chief Technology and Innovation Officer with Veolia, explains why a sea change in government thinking is necessary to protect the United Kingdom from an inevitable energy catastrophe. The future of our energy supply is in the balance and addressing it will require profound changes from UK businesses. This…

Appointments

Claire Waysand to Succeed Pierre Mongin at Engie

27.09.2019, 14:38 Claire Waysand to Succeed Pierre Mongin at Engie ENGIE has announced Claire Waysand will replace Pierre Mongin as Group Executive Vice-President and General Secretary from the beginning of October. Waysand began her career at INSEE, before going on to hold various positions within the French Treasury Department. She served as a member of…

Finance

Deka Immobilien Chooses MeteoViva Smart Building Solution

28.05.2019, 10:28 Deka Immobilien Chooses MeteoViva Smart Building Solution Smart buildings and AI solutions provider MeteoViva has entered into a three-year framework agreement to equip at least 100 properties in global real estate asset management company Deka Immobilien’s portfolio with its patented MeteoViva Climate platform. The energy monitoring technology allows building owners, building portfolio and…

Finance

Deka Immobilien Chooses MeteoViva Smart Building Solution

28.05.2019, 10:28 Deka Immobilien Chooses MeteoViva Smart Building Solution Smart buildings and AI solutions provider MeteoViva has entered into a three-year framework agreement to equip at least 100 properties in global real estate asset management company Deka Immobilien’s portfolio with its patented MeteoViva Climate platform. The energy monitoring technology allows building owners, building portfolio and…

Environment

Dubai Property Festival 2019 (26-28 March)

20.03.2019, 12:46 Dubai Property Festival 2019 (26-28 March) Preparations are being finalised for this year’s Dubai Property Festival which is organised by Dubai Land Department’s Real Estate Investment Management and Promotion Center. The three-day event is a marketplace for local and foreign investors in the Emirate’s property market, and showcases developments from many of its…

News

Major Expansion of Al Ain Mall

15.03.2019, 10:28 Major Expansion of Al Ain Mall Abu Dhabi-based master developer Aldar Properties has added 33,000 sq metres of gross leasable area (GLA) to the Al Jimi Mall in the neighbouring Emirate of Al Ain. The shopping centre provides a range of retail and leisure options including Al Ain’s first outdoor retail park, fashion…

News

Investors in People

27.02.2019, 08:45 Investors in People Chartered refurbishment specialist T Gunning has achieved Investors in People (IIP) accreditation.   The company achieved scored significantly above average for the building and construction industry in several areas, including leading and inspiring people, living out organisational values, employee empowerment, continuous improvement and creating sustainable success. IIP assessors highlighted the…

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