Every week, Consorto® selects the pick of completed European commercial real estate deals. And now they follow a simple new style.
To help European CRE buyers and sellers digest the information more quickly and easily, we are now breaking each new style deal down into bite-size categories.
Here is this week’s new style deal round-up.
Property: SHiFT building, France
Location: Issy-les-Moulineaux, Paris, France
Sector: Office
Buyer: Primonial REIM, La Française and EDF Invest
Seller: Unibail-Rodamco-Westfield
Price: €620 million
Quote: Unibail-Rodamco-Westfield says, “The property is fully let to Nestlé for its new French headquarters on a 12-year lease.”
Source: https://cdn.urw.com/-/media/Corporate~o~Sites/Unibail-Rodamco-Corporate/Nasdaq/2020-10-12Unibail-Rodamco-Westfield-enters-into-an-agreement-to-sell-the-SHiFT-office-buil.ashx?revision=dc9af0df-6e85-4207-8dd2-a3b34f87aeab
Property: 365 Rooms, Belgium
Location: Ixelles, Brussels, Belgium
Sector: Student accommodation
Buyer: Xior Student Housing NV
Price: €33.8 million
Expected yield: 5.5%
Quote: Xior Student Housing NV says, “In addition to 323 student rooms, the residence also contains 5 studios, 9 flats and 1,000sqm of multifunctional spaces. The contributor offers a rental guarantee for a period of 3 years based on full occupancy.”
Source: https://www.xior.be/uploads/inv_pressrelease/107/Xior—PB—Couronne-acquisitie-en-inbreng—EN—Final.pdf
Property: Hindenburghaus, Germany
Location: Nikolaiviertel, Hamburg, Germany
Sector: Mixed-use – office, retail, residential
Buyer: QUEST Investment Partners
Seller: Allianz
Price: Not disclosed
Quote: Theja Geyer, Managing Partner says, “We are always on the lookout for properties with a unique selling point. This office and commercial building is one of a kind — an architectural gem that harbours enormous potential.”
Source: https://www.quest-investment.com/en/quest-investment-partners-acquires-hindenburghaus-property-in-hamburg/
Property: Three Dutch warehouses
Location: Lelystad, Zevenaar and Zeewolde
Sector: Warehouse/logistics
Buyer: CCP 5 fund, Tristan Capital Partners and ARC Real Estate Partners
Sellers: Skantrae, Borghese Real Estate and a private investor
Price: €42 million
Quote: Kick Van der Wel, Director at Tristan Capital Partners, said: “The Netherlands has an open and robust economy, with a flourishing logistics sector and plays a pivotal and increasingly important role in European transport infrastructure. We intend to follow these acquisitions with further investments in the Dutch logistics sector, as we believe that that the long-term appeal for these assets will continue to grow on the back of continued structural changes in retailing, e-commerce and supply chains.’’
Source: https://www.tristancap.com/news-and-media/press-releases/tristan%E2%80%99s-dutch-logistics-platform-tops-%E2%82%AC100-million
Property: Forum Marburg, Germany
Location: Marburg, Hesse, Germany
Sector: Multi-tenanted office
Buyer: Silberbaum Capital
Seller: M7 Real Estate
Price: Not disclosed
Quote: Alyssa Huse, Managing Director of M7 Real Estate Germany, says, “When we acquired Forum Marburg in summer 2016, the leases had short remaining terms and the property was around 30% vacant. Using targeted marketing initiatives together with our strong local market presence, we were able to achieve full occupancy of the property, generating a stable cash flow in a short timeframe.”
Source: https://www.m7re.eu/news/m7-real-estate-sells-forum-marburg-to-family-office/
For the latest choice of commercial property, see the Consorto® property listings. We also produce a monthly deal round-up newsletter at https://bit.ly/2GVKUv9
