Thakral adds Umeda Pacific Building to its portfolio of properties in Osaka, Japan

SINGAPORE: Thakral Corporation’s recently incorporated subsidiary, Thakral Umeda Properties Pte. Ltd. has added the Umeda Pacific Building, an 11-storey office building, to its portfolio of properties in Osaka, Japan. The…

NNR December 30, 2019

Ratings

Etalon completes Fusion residential complex

LONDON: Etalon Group, the Russia based development and construction company, announces that it has completed the Fusion residential complex in the Vyborgskiy district of St Petersburg. The project has a…

NNR December 24, 2019

Ratings

Phoenix Spree announces acquisition of Brandenburg Apartment Complex

LONDON, UK: Phoenix Spree Deutschland Limited has acquired an apartment complex in Brandenburg for €24.2 million. The acquisition will initially be financed by existing cash resources and assumes outstanding bank…

NNR December 18, 2019

Ratings

Safestay acquires hostels in Warsaw, Prague and Bratislava for €3.7mn

LONDON, UK: Safestay Plc, the owner and operator of an international brand of contemporary hostels, has acquired acquisition of three hostels in Warsaw, Prague and Bratislava from Dreamgroup Management E.C.P.…

NNR December 18, 2019

Ratings

Sirius completes €44.5mn acquisition of Alzenau Business Park

LONDON: Sirius Real Estate has completed the acquisition of Alzenau Business Park, 34km east of Frankfurt am Main against a total purchase consideration of €44.5 million, including acquisition costs of…

NNR December 17, 2019

Ratings

Aire Valley sells commercial development land at Gateway 45 Leeds for £30.3 million

LONDON: The Aire Valley Land LLP has completed the sale of 43 acres of commercial development land at its Gateway 45 Leeds site to PLP for £30.3 million. Aire Valley…

NNR December 17, 2019

Ratings

Newton Fallowell to acquire Lovelles Estate Agency for £2.0 million

LONDON, UK: Newton Fallowell Limited, a wholly owned Belvoir Group subsidiary, has agreed to acquire the business and assets of the estate agency business operated by Lovelle Estate Agency Limited…

NNR December 12, 2019

Ratings

Costain agrees to sell Alcaidesa Holding for €15.2 million

MADRID: Costain Alcaidesa Limited has agreed to the sale of Alcaidesa Holding S.A.U to Millenium Hotels Real Estate, a real estate investment fund based in Spain, for total cash consideration…

NNR December 11, 2019

Ratings

Norwegian Property to acquire Lille Grensen 7

OSLO, NORWAY: Norwegian Property ASA has entered into an agreement to purchase the property Lille Grensen 7. Norwegian Property will purchase all shares in Grensen Investment AS, which is the…

NNR December 9, 2019

Ratings

Primewest sells Chambers and The Tower for $47.4 million

BRISBANE: A fund managed by national property fund manager Primewest has sold the iconic Chambers building and an adjoining eight storey office building The Tower in Brisbane’s CBD for $47.4…

NNR December 9, 2019

Ratings

Pakistan Property Show concludes at Dubai World Trade Centre

DUBAI: Pakistan Property Show (PPS) 2019 successfully concluded at the Dubai World Trade Centre in Dubai on Friday. It was organised by Pakistan’s largest property portal Zameen.com. Amjad Ahmad Ali,…

NNR December 8, 2019

Ratings

Grainger to acquire PRS scheme at Capital Quarter, Cardiff for £57mn

NEW CASTLE: Grainger plc, the UK's largest listed provider of private rental homes, has agreed to forward fund and acquire a 307 home, PRS development at Capital Quarter in Cardiff…

NNR December 5, 2019