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CapMan Real Estate sells Grundtvighus in Copenhagen 

CapMan Nordic Real Estate II -fund has exited KAB’s headquarter building “Grundtvighus” in central Copenhagen to Johan Gedda. The exit takes place a little over two years after the initial investment. 

Grundtvighus has a total of 9,787 sqm of leasable space and is located in central Copenhagen a few hundred meters from Nørreport Station, City Hall, Tivoli and the famous “Strøget” retail street. CapMan Real Estate invested in the property in February 2018.

Savills IM takes over new logistics complex in Ansbach, Germany, from ECE on schedule

Savills Investment Management (Savills IM), the international real estate investment manager, has taken over a logistics complex in Ansbach, Germany, as planned following acquisition last year as part of a forward deal. The state-of-the-art building includes a distribution centre and trans-shipment hall with a total rental space of around 76,000 sq m. The developer and seller is ECE Projektmanagement, which has realised the project from planning to turnkey handover. The parties have agreed not to disclose the purchase price.

Clearbell secures three-year lease renewal at Blenheim Court

Clearbell Property Partners II (Clearbell), a fund managed by Clearbell Capital, has renewed a lease on 19,500 sq ft at Blenheim Court, Solihull, to the Secretary of State. The building is now fully let.

The tenant, which has a significant presence in Solihull across a number of sites, has signed a new lease for three years, having been in occupation for over ten years at Blenheim Court. The lease renewal at Blenheim Court follows the signing of a new lease in March to Cadent Gas for 2,000 sq ft of office space.

Ivanhoé, Bouwinvest and Greystar launch €1 billion Paris co-living investment JV

Ivanhoé Cambridge and Bouwinvest Real Estate Investors and Greystar Real Estate Partners have teamed up to invest €1bn in student housing and young professional real estate in Paris.

In a joint statement, the companies said the newly created develop-to-core co-living venture, majority-owned by Ivanhoé Cambridge via its UK registered arm, will target new acquisitions, including ground-up developments and projects already under construction.

Henderson Park and Hines JV acquires hotel in Crete

Henderson Park and Hines have bought a 67,000sqm portfolio of five hotels on the Greek island of Crete.

In two separate deals, the duo have paid an undisclosed sum for the 1,094-room portfolio located in resort locations across the island.

The companies said the latest transaction marks the joint venture’s second foray into the Greek hotel market, following the acquisition in 2017 of the former Ledra hotel.

Principal and Paref invest for German retail property fund

Principal Real Estate Europe and French real estate manager Paref Gestion have fully invested for a German retail fund following the acquisition of a portfolio of six retail warehouse assets.

Principal, acting as asset and transaction manager of the SCPI Novapierre Allemagne fund managed by PAREF, has advised on the acquisition of the portfolio from a special mandate managed by PGIM Real Estate.

Financial details were undisclosed.

AEW UK Core Property Fund agrees new leases for Walsall and Edinburgh industrial assets

AEW UK Core Property Fund has signed new letting agreements at two of its industrial assets.

Bestway Wholesale Ltd, the UK's largest independent cash and carry, has agreed a new 15-year lease for Units 8, 9 and 10 at Bloxwich Industrial estate, Walsall. The property totals 76,206 sq ft, and has been let for a total of £324,927 pa.

Credit Suisse fund buys Panther House in London for mixed-use scheme

A Credit Suisse Asset Management Global Real Estate fund has acquired Panther House in London to develop a mixed-use scheme.

The manager has paid an undisclosed amount to buy the 156 – 164 Gray’s Inn Road, Farringdon asset from Argo Real Estate, Investec and Dukelease.

Credit Suisse said three neighbouring buildings will be redeveloped. The project will include 82,000sqft of office, residential and retail space.

Dukelease has appointed as development manager for the development project.