M&G Real Estate has sold Saffron House, a prime office building in one of central London’s key submarkets for £95 mln (€112 mln), representing a 22% increase in value within nine months.
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US privately-held developer-investor Hines has acquired three commercial properties from real estate developers and investors Millten and Harvest Vastgoed on behalf of the Hines European Core Fund (HECF).
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CBRE Investment Management’s UK Property PAIF fund has exchanged contracts to buy 2 Cavendish Square in London’s West End from The Howard de Walden Estate. Financial details were not disclosed.
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UK privately-held group Topland has acquired two UK office assets – 145 Morrison Street in Edinburgh and Citygate II in Newcastle – from the listed REIT EPIC managed by The Ediston Property Investment Company, for a total of £31 mln (€37 mln).
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Austrian real estate investor CA Immo has sold a non-core office property in the city of Vienna.
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CBRE Investment Management, on behalf of CBRE UK Property PAIF, has acquired Exchange Place One, a Grade A office building on Semple Street in Edinburgh from a fund managed by Macquarie Asset Management.
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EPISO 5, a fund managed by Tristan Capital Partners, has purchased from two French institutional investors a 6-building office campus located on the Eastern side of Paris in Charenton-le-Pont in a share deal.
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German investor and project developer Quest Investment Partners has acquired an office building in Frankfurt's banking district in an asset deal.
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The property arm of Italian insurance group Generali said on Thursday that it has joined forces with a major Asian investor to acquire New Station, a prime office asset in the Montparnasse area of Paris. Although financial details were not disclosed, market rumours put the deal price at over €300 mln.
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Union Investment has acquired the Cäcilium building in Cologne for its special real estate fund, UII German Prime Select.
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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.
