F&C REIT Asset Management and Area Property Partners (formerly Apollo Real Estate Advisors) have teamed up to acquire Dawnay Day's 316,800 m[sup]2[/sup] UK portfolio. With a transaction price of over £600 mln (EUR 657 mln), the purchase ranks as the largest real estate transaction so far this year and one of the largest deals since the onset of the credit crisis.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
