UBS Asset Management's (UBS-AM) real estate & private markets (REPM) business announces that its Triton Property Fund has acquired the Seven Hills Business Park in Edinburgh, Scotland from Peveril Securities and Citivale for £15 mln (€17. 5 mln).
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Logistics developer-investor Gazeley has acquired a 130.000 m² distribution scheme in Zevenaar in the eastern Netherlands.
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Sirius Real Estate has acquired a business park in Bochum in Germany’s Ruhr region for €25.7 mln, equating to an EPRA net initial yield of 8.9%.
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US-based logistics giant Prologis has started work on a build-to-suit warehouse for grocery chain CBA Slovakia.
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European logistics developer Panattoni is building a distribution centre in Legnica, Poland, an area where it has developed several production facilities in recent years.
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Investment in Germany's logistics property sector fell by 28% in 2018 but remains above the five-year average, according to a report by Savills.
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Benelux logistics specialist WDP is building a 62,000 m2 new warehouse for tyre manufacturer Pirelli in Romania for an outlay of €40 mln.
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Global property manager Invesco Real Estate is to make a strategic investment in specialist project development and asset management company Logistics Capital Partners in a deal which the two firms say will enable LCP to roll out a €1 bn development programme over the next three to five years.
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In an interview with PropertyEU's Robin Marriott, Paul Graham, recently retired from DHL Group, speaks candidly about the European logistics industry to which he has devoted much of his 30-year career.
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UK industrial REIT Hansteen has gone from opportunistically acquiring assets in the UK and Europe to selling off the bulk of its European portfolio into a strong market in the past 12 months. With only a fraction left, does this signal the firm's exit from the opportunistic space? Robin Marriott investigates.
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