M&G Investments has emerged as the buyer of a 736,708 sq ft (68,500 m2) prime distribution unit in Peterborough, UK from Fiera Real Estate UK. The asset was sold for £120 mln (€144 mln), reflecting a net initial yield of 3.2%.
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Crossbay, the European urban logistics arm of real estate investment manager Mark, has expanded its presence in Spain with the acquisition of a 43,000 m2 last-mile logistics warehouse in Montcada, Barcelona.
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Garbe Industrial Real Estate has acquired a 56,000 m2 plot of land in the Meiderich district of Duisburg, in the North Rhine-Westphalia region of Germany with plans to develop a 29,000 m2 multi-user park on the site.
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US sale-and-leaseback specialist WP Carey has announced the €26 mln sale-leaseback of a package of four manufacturing facilities in Germany and Czech Republic.
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PGIM Real Estate has acquired a property in Legnica, in Poland’s Lower Silesia region, on behalf of its closed European Value Partners II (EVP II) fund, for an undisclosed amount.
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Logistics property developer CTP has added 69,000 m2 of buildings and development land to its CTPark Brno Líšen in the Czech Republic through a sale-and-leaseback transaction with Zetor Tractors, a Czech agricultural machinery producer.
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Portuguese asset manager Norfin has sold two logistics assets totaling over 35,000 m2 to a joint venture of real estate asset management firm, Bedrock Capital, and international investor Europi Property Group (EPG), for an undisclosed amount.
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European fund manager AEW has announced the acquisition of a last-mile logistics and business park development in Hanau, close to Frankfurt, for a pan-European separate account mandate on behalf of a German pension scheme.
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Italian fund manager Kryalos Sgr has expanded its last-mile logistics portfolio in Italy with the acquisition of three portfolios representing a total of 140,000 m2.
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European Logistics Investment (ELI), a logistics platform in Poland, has announced the sale of a 61,000 m2 warehouse project located in one of the main logistics areas in the Silesia region of Poland.
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A New Year’s resolution which promises to pay dividends for commercial real estate owners far beyond 2022, is to start measuring how much carbon dioxide their property or portfolio of buildings churns out.
