Investment

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.…

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