Real Estate

News

DS Smith Appoints CBRE as Global Real Estate Advisor

CBRE has been appointed global real estate advisor to sustainable packaging business DS Smith. Under the terms of the agreement, CBRE will provide account management, real estate strategy, portfolio services and transactions and estates management services across DS Smith’s portfolio of around 500 properties across 34 countries with a total built footprint of 5.3 million sqm (57.2 million square feet).…

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News

Wiltshire Development Secures New Tenants

RO Real Estate, a subsidiary of UK family-owned business, The RO has successfully pre-let two food retail units on its development at Solstice Park in Amesbury, Wiltshire.  Work on the units is underway with completion expected over the summer and customer visits expected to commence later this year. Tenants include leading food retailer Greggs, the well-loved British bakery chain, which…

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News

LA Industrial Portfolio Sells for US $85 Million

Cushman & Wakefield has advised the sale of a ±13.43-acre industrial park comprising five buildings totaling 95,600 square feet with two land parcels totaling ±4.17 acres all on the same cul-de-sac in Los Angeles. The portfolio is located strategically, adjacent to the Van Nuys Airport. Boston real estate investment firm Longpoint Realty Partners acquired the portfolio from private ownership. Jeff…

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News

Ethisphere Names JLL to its 2022 World’s Most Ethical Companies List

JLL has been included in Ethisphere’s World’s Most Ethical Companies list for a 15th consecutive year recognizing its commitment to business integrity through best-in-class ethics, compliance and governance practices. Ethisphere defines and advances standards of ethical business practices that fuel corporate character, marketplace trust and business success and provides a community of industry experts that takes the form of a…

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News

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 primarily in the West End…

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Corporate

A Record 2021 for The Dussmann Group

The Dussmann Group closed the 2021 financial year with consolidated group sales of €2.31 billion – the highest in the company’s history, with the company also reporting an increase in its EBITDA margin to 6.4 per cent. The profitable growth came as a result of the family-owned company consistently implementing its “Next Level” strategy, adopted in 2018, even during the…

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News

Legal and Estate Agency Business Appoints Father and Son Duo

Edinburgh and Glasgow based Watermans has appointed Darren and Alistair Lee to its board of directors with the remit of spearheading the expansion of its property offering throughout Scotland. The father-and-son duo have built up an enviable reputation as two of the most active estate agents in the west of Scotland and will work alongside Tzana Webster who has also…

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News

Cushman & Wakefield Names Christina Roush as Managing Principal in San Diego

Cushman & Wakefield has appointed seasoned real estate leader Christina Roush as Managing Principal of its operations in San Diego, California. Roush brings over three decades of commercial real estate and leadership experience to her new role and will oversee the growth of Cushman & Wakefield offices in San Diego, including a new regional headquarters in Del Mar, Downtown, Carlsbad…

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News

Cushman & Wakefield Bolsters Retail Valuation & Advisory Team

Cushman & Wakefield has hired veteran valuation professional Julie Holt-Swaun, MAI, MRICS to its Valuation & Advisory (V&A) practice in Seattle, Washington. Holt-Swaun will serve as an executive director and one of the firm’s key retail valuation experts in the Seattle and Greater Washington markets, working closely with Richard Latella, executive managing director and the Retail Practice Group leader for…

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News

Verdantix Recognises Service Works Global as IWMS Leader

Service Works Global (SWG) has been named a ‘Leader’ in Verdantix’ Green Quadrant: Integrated Workplace Management Systems 2022, which ranks the software developer’s QFM solution top for ‘maintenance and asset management functionality’. Gary Watkins, Service Works Global CEO, says: “The Green Quadrant report shows that we have demonstrated a market-leading and strong functionality across a range of critical FM metrics…

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News

RPG Sells Equity in Fully Leased San Diego Commercial Properties

Cushman & Wakefield has represented RPG in the recapitalization sales of two Class A creative office and mixed-use office/retail assets in Carlsbad (San Diego), California. The properties had a combined building value of US $86 million at the time of transaction. Transacted separately, the recapitalizations consisted of Fusion, a recently transformed 121,541-square-foot Class A creative flex building that is fully…

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News

Pioneering Biodiversity Units Marketplace Launching in Cambridge

Developers will soon be securing biodiversity units ‘off the shelf’ from a habitat bank in South Cambridgeshire under a partnership between property consultancy Bidwells and Cambridgeshire County Council (CCC).  It’s the first scheme of its kind to be delivered in England and will be a one-stop-shop for developers seeking to offset impacts on biodiversity in nearby development projects. The Environment…

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News

£4 Billion Legal & General-Oxford University Partnership to Deliver Postgrad Accommodation

Legal & General and the University of Oxford have agreed the development of Court Place Gardens, an estate containing new postgraduate homes specifically designed for families, under a £4 billion partnership. The development of Court Place Gardens in Iffley, Oxfordshire is the first residential site to be delivered through the Partnership and will deliver 84 much needed postgraduate homes, many…

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News

Planon Acquires Controlling Stake in ANZ Asset Management Solutions Specialist

Planon has taken a majority shareholding in SPM Assets, an Aukland based provider of specialised asset management services and software in Australia and New Zealand for owners and managers of building portfolios. The acquisition heralds the start of a new partnership that will allow Planon to expand its geographical reach and partner ecosystem whilst providing SPM Assets with an expanded…

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News

M.C. Strauss Acquires Office Campus in San Diego’s Mission Valley

Cushman & Wakefield has brokered the sale of Center Point, Mission Valley, a 79,215 SF Class A multi-tenant office campus totaling in San Diego, California for US $17.96 million. The two-building campus is located at 3110-3160 Camino Del Rio South in the Mission Valley submarket and was 91.2 per cent leased at the time of the sale. The asset was…

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News

Savills IM Announces Senior Internal Appointments in Poland

Savills Investment Management (Savills IM) has promoted three senior members of its Polish team to new positions following a period of steady growth across tits business in East-Central Europe. Piotr Trzcinski, who joined the company’s Polish subsidiary when it opened for business in the country and previously served as the Head of Investment, will take on the role of Head…

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News

Colliers Appointment Heralds Allianz ‘New Ways of Working’ Review

Allianz Holdings has appointed Colliers as its preferred UK real estate partner to deliver a new ways of working review focused on the insurer’s ESG objectives, with the additional objective of maximising the efficiency of its real estate through the use of technology and innovation. Allianz’s Property and Workspace Services team issued a competitive request for a proposal for real…

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News

DRC Savills Investment Management Finances Blackbrook Spanish Supermarket Portfolio

Funds advised by European investment fund advisor, DRC Savills Investment Management LLP (DRC SIM), financed a portfolio of 21 supermarket assets owned by Blackbrook Capital (Blackbrook). Blackbrook were advised by the EMEA Cushman & Wakefield Debt and Structured Finance (C&W) team on the financing. The portfolio is subject to long-term triple net leases to Eroski, the 4th largest grocery retailer…

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News

Real Estate Investment Company Acquires Salt Lake City Industrial Site

Cushman & Wakefield has advised Phoenix, Arizona-based real estate and investment company, ViaWest Group, on the acquisition of an 18-acre industrial development site in Salt Lake City, Utah. The site features an existing 37,000 square foot modern industrial building and ViaWest plans to split the existing lot, creating a separate 11-acre parcel on which it will construct a new 171,600-square-foot…

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News

Plant-based Cheese Startup Signs Lease for New 66,000 SF South San Francisco HQ Building

Nobell Foods, a startup specializing in manufacturing cheese from plant-derived dairy proteins, has leased 66,234 square feet of Class A office/life science space for its new headquarters in South San Francisco, California in a deal brokered by Cushman & Wakefield. Relocating and expanding its headquarters from a nearby location in SSF, Nobell Foods’ new headquarters is located in a newly…

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News

Comment on the UK’s Economic Crime Bill

Timothy Douglas, Head of Policy and Campiagns for UK estate agent trade body Propertymark comments on the Economic Crime Bill which has received Royal Assent and mandates a register of overseas entities and beneficial owners of real property assets. The housing market cannot maintain integrity until it is possible to know who the ultimate owner of a property is. The…

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News

JV Acquires Single-Tenant Retail Asset in West Hollywood Design District

Cushman & Wakefield has advised on the US$ 24 million sale of a single-tenant retail building in West Hollywood to a joint venture company operated by Acadia Realty Trust and Osiris Ventures. Located at 8833 Beverly Blvd, the 9,757 square foot, freestanding single-story property is fully leased to developer, producer and distributor of handmade high-end Italian furniture collections, Luxury Living…

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News

Real Estate in Europe

  A new report from Moody’s identifies persistent inflation and low economic growth as the biggest risks to credit quality in Europe’s otherwise liquid real estate sector.   Sector-In-Depth-Real-Estate-Europe-10Mar22-1

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News

Innovative Egyptian Developer to Exhibit at MIPIM 2022 (Cannes, 15th to 18th March)

Property developer Mountain View will be represented within the Egyptian Pavilion at MIPIM 2022, where it will launch an innovative ‘Happiness by Design’ Index whilst showcase 15 projects in prime Egyptian locations. Happiness by Design, an initiative from Mountain View, CallisonRTKL (CRTKL), and Delivering Happiness, will bring together the science of happiness and science of design to integrate happiness within…

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News

Senior NatWest Hire Enhances Leumi UK Property Finance Capabilities

Leumi UK, the London-based subsidiary of Duns 100 Israeli commercial bank, Bank Leumi, has hired NatWest director Chris Stallard as a relationship manager to support the lending ambitions of its property finance desk.  Stallard brings 20 years’ banking experience – over a decade of which has been spent advising on real estate lending. At NatWest he was responsible for real…

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News

STRABAG PFS Awarded DEMIRE Integrated Services Contract

STRABAG Property and Facility Services (STRABAG PFS) has been awarded a 3-year integrated property and facilities management, and ESG reporting services contract at 65 commercial properties owned by DEMIRE Deutsche Mittelstand Real Estate in Germany. DEMIRE’s portfolio offers a total leasable area of over a million square metres, with the company’s investment strategy focused on economically strong ABBA locations with…

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News

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 20 years’ experience in global…

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News

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 Penang International Commercial City (PICC),…

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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 of  economic reforms and an…

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News

Prologis Acquires Orange Country Office Campus

Cushman & Wakefield has represented both parties in the sale of Pacific Vista, a 322,262 square foot Class A corporate office campus situated on a 24.38 acre plot in Lake Forest, Orange County, California. The property consists of five (5) premier two-story office buildings that are leased to seven long-term tenants. Prologis, Inc., a global leader in logistics real estate,…

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News

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 900 million. The firm now…

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