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Delancey and Oxford Properties Open DOOR to Recapitalisation and Target 12,500 Homes in the UK with Partners Qatari Diar and APG

Get Living, the UK’s leading privately backed residential company, is today announcing a major recapitalisation ahead of its next ambitious growth phase. As part of this transaction, Delancey advised client fund DV4 Ltd (“DV4”) and Oxford Properties (“Oxford”), the global real estate arm of OMERS, have formed Delancey Oxford Residential (“DOOR”), a new co-investment platform with initial capital commitments of c£600m. DOOR will take approximately 39% ownership of the current Get Living portfolio which comprises over 2,000 existing homes across...

Spektrum Tower in Warsaw sold by Europa Capital to Globalworth

Spektrum Tower, an A-class landmark office tower, located in Warsaw Central Business District at 18 Twarda street, was sold by Europa Capital to Globalworth, the leading office investor in Central and Eastern Europe, for around €101 million. The property, offering approximately 29,500 square metres of GLA, is multi-tenanted and is over 90% let. The occupiers include international firms from a variety of sectors, e.g. BuroHappold, Ecovadis, BGŻ BNP Paribas, Westwing and Calzedonia. Numerous tenants have already expanded within the building,...

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CORPUS SIREO Real Estate acquires property for mixed-use development in Hamburg

CORPUS SIREO Real Estate, Cologne, has acquired a plot of land in the Altona district of Hamburg. The 1,100 square meter site is located on the corner of Holstenstrasse 73/75 and Thadenstrasse 164. The seller is a well-known German commercial developer. The beginning of the sales activities and construction is scheduled for early 2019. CORPUS SIREO expects the completion of the development in early 2021. The parties have agreed not to disclose the purchase price. Press release – 13 July...

Valor Real Estate Partners completes 500,000 sq ft of acquisitions in the UK and a separate GBP21 million refinancing

Valor Industrial Partners 2 (VIP2), an investment partnership between Valor Real Estate Partners (“Valor”) and AIG Global Real Estate, has acquired a portfolio of nine logistics assets in and around Greater Manchester and a further asset in Beckton, East London. Totalling 450,000 sq ft, the assets in Greater Manchester all benefit from good access to the regional highway network and local population hubs. Three assets are located within Trafford Park; a further three are located around the southern periphery; two...

CapitalBAY buys nursing home in Mannheim from German Red Cross; CURATA to take over operations

Berlin-based Capital Bay GmbH (CapitalBAY) has acquired the “Albert-Schweitzer-Haus” nursing home in Mannheim from the German Red Cross (DRK) for a mid-seven-figure sum. The retirement home, located on Viehhofstrasse in the Schwetzinger Vorstadt quarter, currently has over 100 beds and a total usable floor space of just under 5,000 sq.m. Built in 1985 and last renovated in 2003, it is scheduled for extensive modernisation in the next two years. In a first step, a dementia ward currently disused is being...

W. P. Carey Inc. Acquires EUR153 million (USD178 million) 36-Property Portfolio in the Netherlands

W. P. Carey Inc. (NYSE: WPC), one of the largest net lease REITs specialising in corporate sale-leasebacks, build-to-suit transactions and the acquisition of single-tenant net lease properties, today announced the acquisition of a 36-property “Do-It-Yourself” (“DIY”) retail portfolio in the Netherlands from CRH plc for approximately €153 million ($178 million). The portfolio is triple-net leased to the Dutch DIY group Intergamma B.V. (“Intergamma”) for a weighted average lease term of 15 years. The transaction closed on 13 July, simultaneously with...