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The Grounds Real Estate Development AG has sold all the residential units in its re-densification project on Margaretenstrasse in Berlin-Lichtenberg. A total of 27 new owner-occupied apartments will be created on the plot in Weitlingkiez, which the company acquired in summer 2022. Construction work is scheduled for completion...
Allsop has raised £43 million through the sale of 146 lots at its April residential auction, representing a success rate of 90%, as the firm sees appetite for income-producing and value-add opportunities demonstrate growing confidence in the property market.
The jury has now selected the winner of the Leppävaara idea competition organised by the City of Espoo. The winning entry is Walk Around by the construction company YIT, architecture company Arco, and engineering and consultancy company Ramboll.
The Scottish National Investment Bank has committed a further £20 million to the Mid-Market Rent („MMR“) strategy managed by Thriving Investments, the social value and ESG-focused real estate fund manager. The Bank's follow-on investment will support the development of up to 100 new homes and takes its total investment in the...
CDC Investissement Immobilier secures a stake in the Covivio portfolio in the centre of Berlin. The French company is buying a 49% stake (39% from Covivio Immobilien, a 61.7% subsidiary of Covivio, and 10% from Covivio) in the portfolio on behalf of Caisse des Dépôts. Closing expected in second quarter 2024.
Salboy Group, in partnership with construction firm Domis, has announced the launch of a new residential development in Manchester's Greengate district. The c. £84.5m project, named Obsidian, features a 26-storey tower which will house 250 residential units.
Sirius Capital Partners has acquired a portfolio of four residential buildings comprising 251 apartments and approx. 10,000 sqm from eQ's residential fund, Oivat Kaupunkikodit Ky.
Nido Living has launched its first scheme in Valencia with 253 beds. Nido Malvarrosa is the company's third project overall in Spain following PBSA assets in Seville and Madrid. Valencia represents the company's first 'flex living' accommodation in the country and it is aimed especially at university students, amongst other r...
The German transaction market for residential portfolios showed no signs of a turnaround at the beginning of the year. According to an analysis by NAI apollo, partner of NAI Partners Germany, the total transaction volume in the last three months amounted to € 790 million, which is the lowest result in the last 14 years. Compa...
Care Property Invest has completed two development projects, accounting for a total investment value of €12.8 million and an additional capacity of 28 residential units.
Fredensborg has launched a new fund manager in the residential sector. The manager builds on the experience of its sponsor Fredensborg and its affiliate Heimstaden. The fund manager is targeting capital raising totalling €1.6 billion for its first two funds.
Inflation, rising construction costs and high interest rates dashed many a dream of home ownership in 2023. As a result, purchase prices have fallen, slightly in the case of condominiums and more sharply in the case of apartment buildings. Meanwhile, pressure on the rental housing market continues to increase. As a result, re...
International Campus Group (IC) has opened The Fizz Leiden for rental, a total of 394 student apartments offering a home for students in the centre of Leiden. Within a few days of opening, 147 apartments had been rented.
A partnership comprising Amro Partners, IP Investment Management ('IPIM') and Heed Capital ('Heed') has secured planning approval for Amro Valencia Puerto, Amro's second PBSA asset in the city and IPIM & Heed's maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with constr...
Margaret Dabbs London has selected King's Road to open its newest clinic in London, marking its seventh in the capital and 14th internationally. It is set to open a 824 sq ft unit at 325 King's Road, a prominent corner unit in the heart of Chelsea.
Hallam Land Management (HLM’) has unconditionally exchanged contracts for the sale of 494 residential plots in Chatteris, North Cambridgeshire, to the David Wilson Homes division of Barratt Developments. The sale will complete in July 2024, with the transaction resulting in an ungeared internal rate of return of 15% p.a.
Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.