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Ascend appoints Maxwell Guthrie as Head of Experience & Product

Ascend Properties has appointed Maxwell Guthrie to the role of Head of Experience & Product. Maxwell will be continuing the development of the firm’s experience strategies and products, collaborating with all departments to ensure a fully integrated offering. His initial focus will be to review Ascend’s market-defining custom...
Thursday, 28. March 2024

WPA and Arup release study concerning West End growth

A new study from the Westminster Property Association and Arup has found that a more ‘balanced and flexible’ approach to planning could address a sharp decline in major development projects in the West End and deliver an additional 14m sq ft of commercial space and create 87,000 new jobs over the next twenty years. The resear...
Thursday, 28. March 2024

CBRE IM closes third green bond in EMEA

CBRE Investment Management, on behalf of a fund sponsored by the firm, has priced its third Green Eurobond debt offering of senior unsecured notes raising €750 million. The issuance marks the return of the fund to the public debt market since 2021 as well as the fund's inaugural issuance of its €...
Thursday, 28. March 2024

London Metric appoints Sandy Gumm as non-executive director

LondonMetric Property Plc appoints Sandy Gumm as a Non-Executive Director with effect from 27 March 2024. Gumm is an Australian qualified Chartered Accountant with over 31 years’ of commercial real estate and finance experience. She was most recently a Non-executive Director of LXi REIT plc (“LXi...
Thursday, 28. March 2024

Panattoni wins financing for its Park Szczecin V

Panattoni has won financing for the development of its latest development in Western Pomerania. The €20 mln loan was granted by mBank. Panattoni Park Szczecin V will comprise 30,000 sqm of which around a third has already been leased to a client from the food and hospitality sector.
Thursday, 28. March 2024

AM Sci Tech completes hat-trick of office lettings in Aberdeen

AM Sci Tech has recently completed a hat-trick of significant deals across the Aberdeen Energy & Innovation Parks, totalling approximately 7,000 sq ft. The agreements include the expansion of existing occupier Kaseum Technology, as well as new leases with Italmatch Chemicals and WorkNest.
Thursday, 28. March 2024

Immofinanz 2023 with strong operating performance

Immofinanz Group generated strong growth in rental income and operating results during the 2023 financial year. This sound development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. Rental income rose by...
Thursday, 28. March 2024

ASLI sells warehouse in Meung sur Loire to Castignac

Abrdn European Logistics Income plc has completed the sale of a 30,180 sqm warehouse in Meung sur Loire, to Castignac. The €17.5 million disposal price is in line with the 31 December 2023 valuation and reflects a c.7% discount to the 30 September 2023 valuation.
Wednesday, 27. March 2024

León Murray joins CBRE as Director of Planning

León Murray has joined CBRE Ireland as lead of our Planning division. CBRE’s Peter Garrigan, Head of Development Land said the appointment came at a pivotal time in the market.
Wednesday, 27. March 2024

Bloom completes Brixton warehouse development

Bloom has completed the second development in central London for its £250 million ultra-urban warehouse joint venture with TPG Angelo Gordon. Bloom Brixton, at 146-148 Brixton Hill, comprises five units, totalling 35,417 sq ft, designed by Chetwoods. The warehouses are multi storey across ground ...
Wednesday, 27. March 2024

C&W expects European living sector to boom over next five years

Investment in the EMEA living sector has the potential to reach €70-85 Billion per annum over the next five years, according to new insight from Cushman & Wakefield. More than half of respondents to the firm's EMEA Living Sector Survey currently have over 20% of their real estate portfolio alloca...
Wednesday, 27. March 2024

Ares invests in Slättö portfolio in Helsinki and Stockholm

Slättö and Ares Management Real Estate Secondaries funds have agreed to support the recapitalization of a market-leading light-industrial and logistics portfolio, which is managed by Slättö. The portfolio comprises 28 assets with value concentrated in the Stockholm and Helsinki metropolitan areas...
Wednesday, 27. March 2024

Jeremy Bishop launches Arkus Real Estate

Jeremy Bishop has launched Arkus Real Estate, an investment and development firm focused on creating fit-for-purpose real estate. Seeking to take advantage of the pricing reset caused by the c...
Wednesday, 27. March 2024

CPIPG sells 50% stake in Czech hotel subsidiary

CPI Property Group (CPIPG) has sold  a 50% stake in eight Czech hotels. This move comes alongside the signing of a joint venture agreement with Best Hotel Properties. 
Wednesday, 27. March 2024

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CA Immo pays dividend despite high write-offs © CA Immo
CA Immo pays dividend despite high write-offs © CA Immo

CA Immo pays dividend despite high write-offs

CA Immo reports a loss of € 224.5 million for the 2023 financial year due to the revaluation of the portfolio. CA Immo reports a loss of € 224.5 million for the 2023 financial year due to the ...
Thursday, 21. March 2024

Running Deals

CPIPG sells 50% stake in Czech hotel subsidiary

CPI Property Group (CPIPG) has sold  a 50% stake in eight Czech hotels. This move comes alongside the signing of a joint venture agreement with Best Hotel Properties. 
Wednesday, 27. March 2024