UK REIT British Land said on Wednesday that it intends to buy the 22% interest it does not already own in the Hercules Unit Trust (HUT) for a price of £150 mln (€173 mln), in line with the March 2021 valuation.
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Designer outlet group McArthurGlen has unveiled its latest project in the UK, the £160 mln (€185 mln) McArthurGlen Designer Outlet West Midlands.
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LondonMetric Property has sold five assets for a combined consideration of £38.5 mln (€45 mln).
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US sale and leaseback specialist WP Carey has announced a €102 mln sale-leaseback of three hypermarket properties located in Southern and Central France.
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The Snow Centres Group, owner-operators of The Snow Centre Hemel Hempstead, situated close to London, have acquired a second indoor ski facility in the city of Manchester.
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UK Commercial Property REIT, which is managed and advised by Aberdeen Standard Investments, has sold its Kew Retail Park asset in London to an unnamed UK housebuilder. UKCM will receive £41 mln (€48 mln) for the asset, marginally below the 31 December 2020 book value.
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Henley Investments, a private equity real estate firm based in the UK, has purchased its first shopping centre as it enters the Polish real estate market with the acquisition of Galeria Pestka from an investment manager believed to be Blackstone. Financial details were not disclosed.
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Peakside Capital has completed the disposal of the last properties from a portfolio of 72 small retail assets, located across the entire Czech Republic.
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Real estate investment into grocery stores leapt by 40% in 2020 reflecting the sector’s resilience during the pandemic.
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Holland Immo Group, a Dutch provider of closed-end real estate investment funds for Dutch private investors, family offices and institutional investors, has sold the retail portfolios of four of its German investment funds for €87 mln to investment manager GPEP, acting on behalf of a German institutional investor.
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German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.
