Newsline

Reigate and Banstead Borough Council has approved plans for Legal & General’s living business, Inspired Villages, to deliver one of the United Kingdom’s largest retirement communities on the site of its former head office, Legal & General House in Kingswood, Surrey. 

Real I.S. AG has acquired the company owning the fully let Platinum office building located on Avenue Louise 231–235 in Brussels for its BGV VIII Europa fund.

Amundi Real Estate, on behalf of its managed funds, has completed the acquisition of Nowogrodzka Square, a class A office and retail building in the heart of Warsaw, from Polish property developer Yareal.

PAMERA Real Estate Partners, acting for a family office managed by the company, has acquired a 14,500-square-meter (156,000-square-foot) office property.

Barwood Capital, the Northampton-based U.K. regional real estate investment and development specialist, in a 50-50 joint venture with Merseyside Pension Fund, following completion of its due diligence in February, has agreed on a £17.6 million (€20.19 million/$22.34 million) funding package for the Tungsten Park project in Bardon, an 11.25-acre site in Leicestershire.

Best practices in Italian hotel investment can be found in the niche sector’s history, according to Sara Bindo and Simone Roberti from Colliers International and Mattarocci, a professor at the University of Rome Tor Vergata.

Just as it has in the past, the demographic trends that we see happening today are affecting the economy, business and investments in real estate.

Lendlease has hired former Ikea executive Ding Hui as its new managing director for China.

City Developments (CDL Group) has agreed to buy Sincere Property Group for RMB 4.39 billion ($621 million).

Opp Zone Capital (OZC), a Delaware limited liability company, is seeking investors for its new qualified opportunity fund, targeting mixed-use, multifamily, self-storage and hotel development assets in the Southeast and Southwest United States.

Hines has appointed two asset managers in its U.K. team to accelerate the growth of its student accommodation and industrial and logistics portfolios.

Real estate investment managers recorded a bumper year for capital raised globally in 2019, reaching a new high of €201.3 billion ($219.53 billion), reported ANREV, INREV and NCREIF in its Capital Raising Survey 2020.

Australia-based Goodman Group has sold a 130,435-square-meter (1.4 million-square-foot) warehouse in Lahr, in the state of Baden-Württemberg (southwestern Germany), for an undisclosed sum.

Hines, Urban Atlantic, and Triden Development Group along with joint venture partner, Bridge Investment Group, have closed on one-and-a-half acres at The Parks at Walter Reed to develop The Hartley, a 323-unit luxury, multifamily property, anchored by natural and organic grocer Whole Foods Market.

Most tenants are seeking deferrals, and discussions are widespread, said Juniper Square customers in the firm’s survey of the impact of COVID-19 on areas such as rent collections, lender workouts and overall outlook.