trending Market Intelligence /marketintelligence/en/news-insights/trending/1bkVgqY0rrWp0byDQ3FUZQ2 content esgSubNav
In This List

Catena buys 3 Swedish properties; Sirius acquires German office asset

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Catena buys 3 Swedish properties; Sirius acquires German office asset

This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.

Germany

* DIC Asset AG paid an unknown sum to buy the Doppel-X-Haus office asset at Heidenkampsweg 58 in Hamburg from an institutional investor. The property, which was revamped in 2017, has a gross lettable area of 17,000 square meters, with 160 car parking spaces.

* Sirius Real Estate Ltd. closed the €8.4 million purchase of an office building in Hamburg's Hummelsbüttel district. The vacant property offers 11,223 square meters of leasable area. The company also completed the sale of a 5,000-square-meter, nonincome-producing land parcel in Berlin for €950,000.

* Bonava AB agreed to sell a 52-apartment rental project in Mannheim-Käfertal to WERTGRUND Immobilien AG for around 170 million Swedish kronor. Ownership of the residential development is expected to be transferred in the third quarter of 2019.

Sweden

* Catena AB purchased three assets in Gothenburg from A & T Holdings SárL, in a deal which has an underlying property value of approximately 158.5 million kronor. The Backa 23:2 property offers roughly 4,000 square meters of lettable area, while the Generatorn 11 and Klarinetten 1 assets provide 12,000 square meters in total.

* Wihlborgs Fastigheter AB acquired the Kalifornien 11 property in central Helsingborg from Hälsingborgs Byggmästares Bostads AB for 157.5 million kronor. The property offers roughly 6,500 square meters of lettable space and is fully let as an office and educational site.

Greece

* Grivalia Properties REIC closed the acquisition of the Olympos Naoussa asset in Thessaloniki for approximately €5.5 million. A Grivalia unit, Grivalia Hospitality SA, along with its joint venture partner Macedonian Hotels SA, was selected by Bank Eurobank Ergasias SA in July as the preferred bidder to acquire the asset.

UK

* Custodian REIT Plc divested an 82,081-square-foot multi-let industrial estate in Chepstow for £4.6 million, at a net initial yield of 6.75%. The company intends to use the proceeds from the sale to finance acquisitions.

Additional coverage

Chariot Top Group signs €1B deal for Polish retail portfolio

Said Holdings sells London office tower for £270M

Hammerson to shed stake in French retail asset for €162M

Regional REIT signs 2 portfolio acquisitions, proposes £100M capital raise

Swiss Prime Site unit buys 3 buildings in Winterthur, Switzerland

Joyce Guevarra contributed to this report.

As of Dec. 5, US$1 was equivalent to about 8.45 Swedish kronor.