LONDON: Trafalgar Property Group PLC (AIM: TRAF) said Tuesday it has acquired a 10% equity interest in Hilton House, a commercial property in central Stockport, Manchester, for £350,000, marking a substantial transaction under AIM Rule 12. The interest was purchased from Trafalgar director Paul Elliott. Payment will be made through a mix of newly issued…
The landscape of real estate investment is ever-changing, and recent signals from the Federal Reserve suggest that this fluidity will continue. As investors, it’s crucial to understand that the dynamics of interest rates, as discussed in the Federal Open Market Committee (FOMC) meetings, do not guarantee a predictable rise in property values. Instead, a strategic…
LONDON, UK: Benedict Real Estate Bidco Limited, a subsidiary of one of Brookfield’s real estate private funds, has agreed to acquire entire share capital Hibernia REIT plc at the rate of €1.634 for each Hibernia REIT share. The acquisition values the entire issued and to be issued share capital of Hibernia REIT at approximately €1.089…
PARIS, FRANCE: Altarea announced the launch of a capital increase with preferential subscription rights (PSR) for an amount of approximately €350 million. Net proceeds of the offering of the new shares will be used by the Company as part of the financing of the acquisition of Primonial Securities, as announced on June 30, 2021. The…
LONDON, UK: Palace Capital, the property investment company that has a diversified portfolio of UK commercial real estate, has completed the sale of Bridge House, High Street in Weybridge, Surrey as part of its £30 million programme of non-core disposals. The asset is unencumbered and therefore the net proceeds of the £3.7 million sale, which…
PERTH: Primewest Group acquired a 100% interest in GoFARM Asset Management Pty Ltd for $10 million. GoFARM is the manager of ASX listed, Vitalharvest Freehold Trust (VTH). Primewest has separately acquired an 11.8% strategic interest in VTH. Primewest has also acquired a right of first refusal over a further 6.2% interest in VTH, subject to…
OSLO: ABG Sundal Collier (ABGSC), Andreas Birgersson, Per Nisses and Philip Söderqvist have formed a real estate investment company in a joint venture. The company is called ABG Fastena and will acquire and manage properties in Sweden and Finland on behalf of external investors. ABGSC will have an ownership of 50% in ABG Fastena AB….