Union Investment plans to spend around €60 mln on redeveloping the Meister Areal retail park in Nuremberg, Germany, into an urban logistics hub.
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Educational institute Imperial College London has acquired Segro Park Victoria Road in Park Royal, West London for a base consideration of £115 mln (€138 mln), a premium to book value.
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In an off-market transaction, private German logistics developer Dietz has sold a prime logistics portfolio for upwards of €150 mln to an overseas international real estate investor.
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Panattoni has sold a 39,000 m2 logistics complex in Warsaw, Poland, to an unnamed international real estate investor for €53.5 mln.
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Deka Immobilien has announced its first logistics investment in Ireland with the acquisition of a modern logistics centre in Ashbourne, Meath County/Dublin.
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Valor Real Estate Partners and QuadReal Property Group have added two prime last-mile properties in London to their urban logistics joint venture.
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Garbe Industrial Real Estate has sold an as-new logistics property in Erding near Munich to Nuveen Real Estate, a US real estate investment manager.
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Pensam, a Danish pension company, and real estate investor and fund manager Cromwell Property Group, have launched a partnership to invest in light-industrial and logistics real estate in Denmark and Sweden.
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Harworth has completed the acquisition of Catalyst, a 285,000 ft2 urban logistics estate in Rotherham, South Yorkshire.
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Segro has acquired a 75,000 m² logistics facility in Oosterhout, the Netherlands from Weerts Group.
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The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
