Industry News

Specialist property lender Octopus Property has made three new senior appointments – Darius Shekarrizi joins as Business Development Manager (BDM) for South East with Daniel Murray promoted to the role of Head of London Sales. In addition, Mert Zabci joins the commercial team as a Commercial Investment Manager. With nearly 12 years’ experience in the banking and real estate sectors, Shekarrizi will be responsible for growing Octopus Property’s loan book in a key region, building on the company’s established footprint...

Rockspring Property Investment Managers has acquired three UK properties for £54m (€61.8 million) and expects to make further acquisitions. Rockspring said it bought the fully let Mott MacDonald House, a 64,000sqft office property in Croydon, for £21.2 million from Aviva Investors. The manager also bought the Bath and Cayton office building in London from City, University of London for £17.3 million. The asset is a 23,158sqft warehouse-style building, with a basement, ground and five upper floors, that is currently fully...

Cording Real Estate Group has acquired a portfolio of mixed-use assets in the UK for £38.4 million (€43.8 million) from a private family trust. The Northern European real estate investor said the portfolio is mixed use with a 70% weighting towards industrial, with the remainder being office and retail, in 15 locations. The assets, which total 408,060sqft, are located predominantly in the south-east. IPE Real Estate – 08 June 2018

Barings Real Estate has made its first office deal in France with the acquisition of a development on behalf of institutional investors for an undisclosed. The real estate investment manager is buying Vefa Canopy office development in Pré Saint Gervais bordering Paris as part of a pan European core investment strategy from developer Nexity Immobilier d’Entreprise. IPE Real Estate – 11 June 2018

Commerz Real has sold its London property Athene Place for approx. 101 million pounds sterling to the real estate investment platform Henderson Park. Located in Shoe Lane in Midtown, the office complex has been part of the portfolio of the open-ended real estate fund hausInvest since 2008. “We have utilised the high demand for office real estate in premium locations in London to achieve a very good result for our investors,” explains Henning Koch, Global Head of Transaction Management at...