Industrial, office and retail units are all featured in our weekly summary of European commercial real estate deals. They are from the UK, the Netherlands, Poland and Spain.
Four industrial and office assets
Location: UK regions
Sector: Mixed Use
Buyer: M7 Real Estate
Seller: Various
Price: £16.5 million
Quote: David Ebbrell, Chief Executive of M7 Real Estate, says, “These recent acquisitions which have all been completed during the pandemic are attractive additions to M7 REIP IX’s portfolio, providing a mix of secure income underpinned by strong covenants in locations where we expect occupier demand to remain robust.”
Source: https://www.m7re.eu/news/m7-completes-final-acquisitions-for-new-regional-uk-value-add-fund-m7-reip-ix/
Off-market Amsterdam office
Location: Keizersgracht 105, Amsterdam, the Netherlands
Sector: Office
Buyer: Aviva Investors
Seller: Undisclosed
Price: Undisclosed
Quote: Grégoire Bailly-Salins, Director of Real Estate Investments in Continental Europe, Aviva Investors, says, “We are delighted to have acquired this prime office building in the heart of Amsterdam’s canal area and thus secure this rare opportunity in a highly sought-after area of the city. With this ‘off-market’ acquisition, we are continuing our strategy of diversification in key European real estate markets, focusing on core locations that offer strong market momentum.”
Source: https://nlrealestate.nl/news-en/keizersgracht
HopStop convenience retail park
Location: Siedlce, Poland
Sector: Retail
Buyer: LCP
Seller: Katharsis
Price: Undisclosed
Quote: Krystian Modrzejewski, Country Manager Poland, LCP Properties, says, “We plan further purchases still in 2020. Our goal is to increase our commercial real estate portfolio in Poland by another EUR 150 million within twelve months.”
Source: https://www.avisonyoung.com/web/warsaw/news-item/-/article/2020/11/23/hopstop-sold-by-katharsis-to-lcp
Two Madrid logistic units
Location Greater Madrid, Spain
Sector: Industrial
Buyer: Real I.S., a real estate investment manager
Seller: PATRIZIA AG
Price: Around €150 million
Quote: Eduardo de Roda, PATRIZIA Country Manager for Iberia, says,: “This landmark deal shows that thanks to our strong local expertise, we acquired these assets at just the right time, in the right place.”
Source: https://www.patrizia.ag/en/detail/press-releases/patrizia-sells-two-madrid-logistics-assets-for-around-eur-150-million/
The image of Trinity Park is Copyright Rich Tea and licensed for reuse under this Creative Commons Licence.
