French listed property firm Icade’s €5 bn healthcare arm has announced the placing of its first social bond, raising €600 mln with a 10-year maturity and a fixed coupon of 1.375%.
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UK property firm Capital & Counties (Capco) has exchanged contracts to sell the Wellington block, a hotel project in London’s Covent Garden, for £76.5 mln (€84 mln) before costs. The price is in line with the property valuation as at 30 June, the vendor said in a statement.
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Nuveen Real Estate is expanding its European logistics platform with the launch of a new investment strategy targeting €700-800 mln of assets with a long-term hold outlook.
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Dutch institutional real estate manager Bouwinvest Real Estate Investors has opened an office in New York City to increase its investment exposure in North America where it currently has $1.65 bn (€1.4 bn) in assets under management.
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German lender Südwestbank has reportedly hired agent BNP Paribas Real Estate to sell a portfolio consisting of eight office buildings worth some €250 mln.
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Emil Domeracki, director of investment land services at Colliers International in Poland, observes a large recovery in the market, following the ‘defrosting’ of the economy.
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Todd Everett, global CEO for Principal Real Estate Investors, has said he is happy with the acquisition of Internos, which led to the creation of Principal Real Estate Europe two years ago.
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All UK commercial asset types are now trending up against March, according to data by Re-Leased.
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The Netherlands’ largest portfolio of holiday parks has been bought by a US private equity company in a deal signalling renewed investor confidence in the sector, at a time when domestic holidays and stay-cations are expected to surge strongly amid travel restrictions and safety concerns.
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Pan-European investor and asset manager M7 Real Estate has announced it is opening an office in Dublin, Ireland, and has appointed a new asset manager.
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Pan-European investment manager Meyer Bergman has appointed a new managing director for the UK and Ireland.
