LONDON: The Board of Tritax EuroBox, which invests in Continental European logistics real estate assets, has acquired two recently developed prime logistics properties and development land, positioned in the core logistics location of Strykow, near Lodz in Central Poland for €51.8 million (Phase I) with the potential to invest a further €15.0 million developing the…
All posts in Ratings
Etalon GDRs admitted to trading on Moscow Exchange
MOSCOW: Etalon Group Plc, Russia’s largest development and construction company, announced that Moscow Exchange has approved the listing of the Company’s Global Depositary Receipts (GDRs), and the inclusion of these securities in the Level 1 List. The first trading day for Etalon Group GDRs (ticker: ETLN) on Moscow Exchange is planned for 3 February 2020.…
Tclarke signs exclusive deal with smart building services provider Gooee
LONDON: TClarke plc, the Building Services Group, has signed a 5 year UK exclusive agreement with Gooee to sell, install and maintain the revolutionary Gooee suite of smart building products. As part of this agreement, TClarke has made a small but strategic investment in Gooee. Gooee is an interoperable, smart buildings solution that connects and…
Derwent London to acquire freehold interest in Blue Star House for £38.1 million
LONDON: Derwent London has exchanged contracts to acquire the freehold interest in Blue Star House, 234-244 Stockwell Road, Brixton SW9 for £38.1 million before costs. The 53,750 sq ft eleven-storey building comprises multi-let office space, including two vacant floors, with restaurant and leisure accommodation at ground/podium level. The rent on acquisition is £0.8 million, equating…
CapitaLand recognised one of the world’s most sustainable corporations
SINGAPORE: CapitaLand Limited has been recognised as one of the world’s most sustainable corporations for the third consecutive year. CapitaLand was ranked 63 in the 2020 Global 100 ‘Most Sustainable Corporations In The World’ index by Corporate Knights Inc. This is CapitaLand’s eighth inclusion in the prestigious index. In Corporate Knights Inc’s analysis of company…
Aberdeen completes €49.9 million acquisition of logistics warehouse in Den Hoorn
LONDON: Aberdeen Standard European Logistics Income has completed its acquisition of the freehold logistics warehouse in Den Hoorn, the Netherlands, for a net value of €49.9 million, providing a net initial yield of 4.5%. This is a newly built warehouse on a perpetual leasehold with the option to purchase the freehold from the local municipality.…
Target Healthcare acquires new development site in Cheshire for £9.7 million
LONDON: Target Healthcare has completed the acquisition of a new development site in Cheshire, for £9.7 million, as it continues to deploy the proceeds from its recent oversubscribed capital raise. The Group is also pleased to confirm that it has now completed on the three previously announced acquisitions located in Yorkshire and Wales. In addition,…
Great Portland sells 24/25 Britton Street for £64.5mn
LONDON: Great Portland Estates has exchanged contracts to sell 24/25 Britton Street, EC1 to an overseas investor for a headline sale price of £64.50 million. The headline price reflects a net initial yield of 4.07% and a capital value of £1,255 per sq ft. The premium to the September 2019 valuation was 6.2%. Completion is…
Veidekke sells NOK 6.3 billion worth of residential units in 2019
OSLO: Veidekke ASA, Scandinavia’s largest construction and property development company, sold 256 residential units in the 4th quarter. Total sales for 2019 encompassed 1,166 residential units with a total value of NOK 6.3 billion. There were 2,215 units under construction at the end of 2019, and the sales ratio was 78%. Veidekke sold 256 residential…
CLS acquires multi-let office space in Staines for £19 million
LONDON, UK: CLS Holdings has unconditionally exchanged contracts to acquire ‘TWENTY’ Kingston Road in Staines for £19.0 million. Completion is planned for 3 February 2020. TWENTY comprises 44,230 sq. ft (4,109 sqm) of grade A, multi-let office space in Staines. The building has excellent transport links and is a short walk away from Staines train…
Sirius Real Estate acquires two business parks for total of €33.4 million
LONDON, UK: Sirius Real Estate has completed the acquisitions of Neuss II, a business park near Düsseldorf, and Neuruppin Business Park, in the Brandenburg region, for a combined total of €33.4 million. Sirius Real Estate is the leading operator of branded business parks providing conventional space and flexible workspace in Germany. Originally constructed in 1987…
CLS Holdings sells 19 regional offices in UK for £65 million
LONDON, UK: CLS Holdings has sold a portfolio of 19 regional offices in the UK for an aggregate cash consideration of £65 million to Elite Capital Partners – a Singaporean investment firm. The offices are located across the UK outside of the South East and, following major lease re-gears last year, have less active asset…