NewRiver acquires Bravo Inns for £17.9 million

LONDON, UK: NewRiver REIT announced the acquisition of community pub company Bravo Inns Limited for £17.9 million, representing an EBITDA multiple of 6.8x. The transaction is expected to generate annualised…

NNR December 3, 2019

Ratings

PPHE acquires site in London to develop a hotel

LONDON: PPHE Hotel Group has acquired the freehold interest in a site located in London SE1 with a view to developing the site into a hotel, subject to planning permission…

NNR December 2, 2019

Ratings

St. Modwen sells Swansea student accommodation for £38mn

LONDON, UK: St. Modwen has completed the sale of its interests in a purpose-built student accommodation building at Swansea University Bay Campus for a total consideration of £38 million. The…

NNR December 2, 2019

Ratings

Grainger to forward fund 132-home PRS development for £55.5 million

LONDON: Grainger plc has agreed to forward fund a 132-home private rented sector (PRS) development in the Hallsville Quarter development at Canning Town, London for c.£55.5 million. The scheme, which…

NNR November 28, 2019

Australian Exchange Ratings

Brooks Macdonald to acquire Cornelian Asset Managers for £39 million

LONDON, UK: Brooks Macdonald Group has entered into a binding agreement to acquire 100% of the issued share capital of Cornelian Asset Managers Group Limited, the Edinburgh based independent wealth…

NNR November 22, 2019

Ratings

Abacus Property to acquire 99 Walker Street for $311.3mn

SYDNEY, AUSTRALIA: Abacus Property Group has exchanged contracts for the acquisition of 99 Walker Street, North Sydney NSW, with settlement anticipated, subject only to FIRB approval, by calendar year end.…

NNR November 22, 2019

Ratings Singapore Exchange

Mark Allan to be next CEO of Land Securities Group

LONDON: Land Securities Group announced that Mark Allan is to be appointed as its next Chief Executive Officer (CEO). Mark Allan is currently Chief Executive Officer of St Modwen Properties…

NNR November 22, 2019

Ratings

Arabtec wins AED 366 million project in Egypt by Emaar Misr

DUBAI, UAE: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly-owned subsidiary Arabtec Construction has been awarded an AED 366 million (EGP 1,608 million)…

NNR November 19, 2019

Ratings Singapore Exchange

Etalon group launches new phase at Galactica

LONDON: Etalon Group Plc has launched sales for a new phase at Galactica, the largest development project in the central part of St Petersburg. Etalon is one of Russia's largest…

NNR November 18, 2019

Ratings

Entra acquires development property in Bergen

OSLO: Entra ASA has acquired the property Møllendalsveien 6-8, located in Entra's existing property cluster and nearby Media City Bergen , for a property value of NOK 400 million. Møllendalsveien…

NNR November 18, 2019

Ratings

Safestay acquires Hotel Auberge in Berlin for €1.2 million

LONDON, UK: Safestay Plc, the owner and operator of an international brand of contemporary hostels, has acquired the Hotel Auberge in central Berlin for €1.2 million. Currently operating as a…

NNR November 15, 2019

Ratings

Desane completes $9.5mn purchase of Brisbane industrial asset

SYDNEY: Desane Properties Pty Ltd, a controlled entity of Desane Group Holdings Limited, has today completed the purchase of the 21,750m2 industrial property asset located in the Brisbane suburb of…

NNR November 13, 2019