Tritax EuroBox, the Continental European logistics investor, has let 25,607 sqm of logistics space in Breda, the Netherlands, to Samsung SDS, the IT arm of Samsung Group. The lease, which has been agreed for a three-year term subject to annual CPI uplifts reflecting 100% of the Dutch Consumer Price Index, includes green clauses that ensure the […]
Aberdeen Standard Investments has put its considerable backing behind the logistics real estate sector with the acquisition of Tritax Management. The deal to buy a 60% stake in Tritax and putting it in charge of global real estate logistics, is both a clear sign of the attractiveness of the sector and is testament to the […]
Aberdeen Standard Investments (ASI) is set to acquire a 60% interest in Tritax Management, the fund manager behind Tritax Big Box REIT and Tritax EuroBox. The move by ASI comes as it looks to strengthen its offering in the growing logistics real estate market. Tritax specialises in logistics and has around £5.1bn assets under management […]
Land Securities has acquired a City of London office building for £87m, reflecting a net initial yield of 4.1%. The company has bought 55 Old Broad Street, EC2, which comprises 100,000 sq ft, from PGIM Real Estate. The 10-storey building wraps around Land Securities’ City office tower Dashwood and is located a two minute walk […]
Warehouse REIT has acquired an industrial estate in Milton Keynes for £17.5m. The company has bought the Granby Industrial Estate, which comprises 24 urban logistics and trade counter units, for a net initial yield of 5.7%. The 10-acre estate offers 147,000 sq ft of gross lettable area which is let to 16 tenants, across 19 of […]
CLS Holdings has exchanged contracts to acquire two office properties in Berlin, Germany, and Watford, United Kingdom, for a combined total of £55.9m. In Berlin, the group has bought Kaiserin-Augusta-Allee 112 & 113 for €43.5m. The asset is comprised of two adjoining building and has six storeys totalling 93,775 sq ft. It is currently 29% let following the […]
The proposed debut listing on the International Property Securities Exchange (IPSX) has been postponed. The initial public offering (IPO) of shares in the Mailbox REIT, which owns the Mailbox, a large prime office-led mixed use property in Birmingham, has been postponed due to a potential acquisition of M7 Real Estate by a global institutional commercial […]
The retail Armageddon took another sobering twist this week, with the liquidation of department store Debenhams and former high street fashion kingpin Arcadia Group going into administration. The headline numbers are shocking, the main one being that around 25,000 jobs are at risk. From a property point of view, the double collapse could see up […]
Tritax EuroBox will acquire assets earlier in the development process as it refines its acquisition strategy to a more value-add approach. The company said the move would “support the delivery of secure and attractive dividends and capital growth for shareholders”. As well as buying sites at an earlier stage in their development, it will also […]
St Modwen Properties has continued to ramp up development of industrial and logistics assets, as it looks to take advantage of occupier demand in the sector. In a trading update this morning, the company said it had completed 1.2m sq ft of developments in the sector this year, an increase on the 0.9m sq ft […]
