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€620 million refinancing of the Selec portfolio with banks and institutional investors (FR)

The Selec portfolio, originally composed of 10,200 homes let to EDF in the context of a 12 year firm lease, was acquired by LBO France in 2006 in a joint venture with RREEF. The lease with EDF was ren ...

Rockspring funds £12.27 mln Sainsburys supermarket development in Milton Keynes (UK)

Rockspring Property Investment Managers announces that it is funding the development of a supermarket in Milton Keynes for £12.27 million (approx. €14.4 million), reflecting a net initial yield of ...

Retail: Going Green in CEE | JLL

By the year 2020, all new buildings in the European Union will have to prove that they are nearly zero-energy buildings (Directive 2010/31/EU). By the year 2050, carbon emissions from all buildings ne ...

Union Investment establishes new institutional fund for hotel real estate (EU)

Union Investment launched a new real estate fund for institutional investors, UII Hotel Nr. 1. The fund is aimed at institutional investors with a long-term investment horizon, such as banks, occupati ...

CBRE Global Investors PEC Fund acquires Düsseldorf hypermarket from Edinburgh house estates (DE)

CBRE Global Investors has completed the acquisition of a hypermarket in Düsseldorf, Germany, for more than €25 million on behalf of its Pan European Core Fund (“PEC”). Let to the established ...

Thames Valley Housing and Galliford Try form first joint venture of its kind (UK)

Thames Valley Housing (TVH) has invested £25 million (approx. €29.3 million) for a 50% stake in a brand new build for sale venture, Opal Land LLP, in partnership with Galliford Try’s residential ...

SEGRO and Aviva Investors start construction of an 85,700 ft² Heathrow development (UK)

The Airport Property Partnership (APP), a joint venture between SEGRO and Aviva Investors, has started the construction of an 85,700 ft² (approx. 8,000 m²) development for two new facilities at the ...

ING refinances a loan to W.P. Carey for the Jumbo distribution centers (NL)

Clifford Chance has advised ING Real Estate Finance on the refinancing of a € 70.5 million loan to W.P. Carey, an American listed property fund. The financing concerns a real estate portfolio of ...

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