With a career spanning over 50 years, David Coffer was widely acknowledged as the driving force behind the recognition of leisure property as a distinct and important property sector in the UK. He has passed away aged 76.
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LaSalle Investment Management has acquired a central London hotel from abrdn for £56 mln (€66 mln) on behalf of a UK Custom Account client.
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Pan-European logistics real estate specialist Verdion has completed its second new development in Denmark this year – a €30 million state-of-the-art new logistics asset in the Jutland city of Vejle.
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NEPI Rockcastle, the CEE retail real estate specialist, has made a H1 profit of €274 mln, an uplift of 10% in NOI on the €241 mln last year on a like-for-less basis excluding the impact of developments completed after 30 June 2023 and industrial property sold in January 2024.
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Active demand for Central London offices remained at record high levels of 13 mln ft2 in Q2, according to Cushman & Wakefield’s latest Central London Marketbeat Report.
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Fiera Real Estate and Wrenbridge have purchased the former Wood Plc offices at Shinfield Park, Reading in an off-market transaction in the UK.
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Dar Global, a luxury development company that listed on the main market of the London Stock Exchange last March, has hired Rothschild to advise it on ways to grow in London and Saudia Arabia.
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UK commercial property investment is still on track to hit the 20% YOY increaae in volume previously forecast by data provider, Capital Economics.
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Patrizia, the Germany-based real assets company with plans to grow to €100bn AUM in five years, has presented H1 results that show a 32% collapse in profits but with a silver lining.
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Over half (52%) of investor respondents to an alternatives study have stated that they expect real estate performance to be better over the next 12 months compared with the previous 12 months, demonstrating a shift in investor sentiment toward the asset class.
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Central London's Grade A office market has seen a 4% increase in take-up volume compared to the five-year quarterly average before the pandemic, according to new data from Cushman & Wakefield.
