The Schroder UK Real Estate Fund (SREF) has announced it has partnered with Zurich Investment Foundation Immobilien Europa Direkt (IED) on a 50-50 basis to acquire The Brewery, a prime supermarket anchored, retail warehouse and leisure scheme in Romford, Greater London for £162 mln (€194 mln).
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M7 has emerged as the buyer of the West One Retail Park from investor Frogmore for £27.5 mln (€33 mln).
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US sale-and-leaseback specialist WP Carey has announced the acquisition of seven DIY retail stores in Poland for an undisclosed amount.
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German asset and property manager GPEP has announced the purchase of a retail property portfolio in Germany on behalf of a Luxembourg special fund of pension fund Bayerische Versorgungskammer. Financial details were not disclosed.
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Real estate investment fund Focus Estate Fund has acquired the Turawa Park shopping center in Opole, Poland from the international investment management group abrdn for an undisclosed sum.
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Sofidy, a French asset management firm fully owned by Tikehau Capital, has announced that it has closed a club deal with other institutional investors to buy two retail assets in Paris and Bordeaux for a total of €153 mln.
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Santander Asset Management has sealed the sale of the Galerias Saldanha Residence retail gallery in Lisbon.
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UK REIT Supermarket Income has announced the purchase of two supermarkets, a Sainsbury’s in Washington, Tyne and Wear, and an Asda in Cwmbran, South Wales, for a total purchase price of £55.1 mln (€66 mln), reflecting a combined net initial yield of 5.3%.
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UK commercial real estate specialist LXi REIT has acquired a long-let grocery property valued at £58.9 mln (€70 mln) in Middlesbrough, UK.
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Vienna-headquartered investor-developer Immofinanz has unveiled plans to expand its Stop Shop retail park portfolio in Croatia, after acquiring the land to develop 22 new sites.
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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.
