Weekly data sheet: Investors take advantage of strong market to trade offices

Property companies and fund managers sold office assets all round Europe, in London, Amsterdam, Paris, Dublin, Hamburg and Stockholm.

More office buildings went up for sale, in Madrid, Manchester and Edinburgh as investors look to rebalance their weightings while interest is strong.

There were several large financings including a €500 mln green bond from CBRE Investment Management for one of its funds, the second issued directly from a SICAV structure in the investment grade corporate bond market.

It is the 28th green bond logged by PropertyEU this year. CBRE IM’s finance team says there continues to be a strong preference from investors for green bonds, reflected in a lower bps margin compared to conventional bonds.

Blackstone announced it had raised an initial €250 mln for an evergreen pan-European income fund which will raise money monthly - it is its first to provide eligible individual investors access to institutional-quality real estate. The fund’s first buy is a UK logistics portfolio.

Click here to access the data.