* CA Immobilien Anlagen AG sold its 51% stake in the Aerozone logistics park in Budapest, Hungary, allowing the company to fully withdraw from the logistics segment. The sale of the 65,000-square-meter property, which the company owns through a joint venture with Union Investment Real Estate, was made to M7 Central European Real Estate Fund I, a fund managed by M7 Real Estate.
* Berenberg Real Estate launched the Berenberg Real Estate Berlin fund with a €350 million target that will focus on property investments in Berlin, according to Property Investor Europe. Universal-Investment will serve as the administrator for the fund, which is Berenberg's second open-end real estate special fund.
UK and Ireland
* Mitsubishi Estate Co. Ltd.'s Mitsubishi Estate London and Stanhope have revised their plans for the so-called Prussian Blue skyscraper in London by adding 10 more floors to the original blueprint, following the city's planning approval for similar projects, the London Evening Standard reported.
* Scottish government ministers approved PSL Land Ltd.'s plans for a £140 million film studio complex in Edinburgh, Scotland, despite the local Midlothian Council's recommendation to table a rejection, Construction Enquirer reported. The developer anticipates Pentland Studios to be operational by late 2018.
* Galliford Try Partnerships South East was awarded a new contract to work on the £128 million second phase of the Great Eastern Quays development at the Royal Docks in London, Construction Enquirer reported. The new development phase aims to deliver 468 homes, in addition to the 350 homes already being delivered in the initial phase of the development, a contract which was also awarded to the company, making it its largest-ever standalone contract.
Additionally, the company signed a £35 million deal with Almacantar to build 76 homes at the Lyons Place project in London, the report added.
* London Mayor Sadiq Khan approved plans for supermarket chain Lidl's new headquarters building in west London, which is estimated to cost £70 million, Construction Enquirer reported. The planned 240,000-square-foot office building will replace the company's current headquarters in Wimbledon, London.
* According to Savills, the number of new homes built in London is predicted to reach a record 46,500 this year, above the city's planned target of 42,000, The (U.K.) Telegraph reported.
* Developers are seeking approval from the Dublin City Council for a €50 million redevelopment of the Phibsborough shopping center, plans for which include a tripling of the retail space and the building of apartments for 340 students in blocks going up to seven stories, The Irish Times reported.
* The Wall Street Journal featured a report on the German real estate market's new status as a "safe haven" for investors while Europe remains under a risk of the euro disintegrating. Germany is expected to retain its strong position in the region if the euro remains intact, the report cited Hines' European unit's Chief Executive Lars Huber as saying.
The Journal also reported on the development boom in Germany's middle-class housing and office landlords in Frankfurt preparing to welcome businesses moving their operations away from the U.K. in the face of Brexit.
* AXA Investment Managers - Real Assets closed the acquisition of the 11-story Rives de Paris office asset in Montrouge from pharmaceuticals giant Pfizer in a sale and leaseback deal. The 20,000-square-meter asset was bought on behalf of AXA Selectiv' Immo retail fund for an undisclosed sum.
* Patron Capital partnered Eurofund Capital Partners to acquire three shopping centers in Spain, with plans to spend approximately €13 million upgrading the assets, IPE Real Estate reported. The deal comprises the over 177,500-square-foot El Mirador in Cuenca, the approximately 133,500-square-foot Los Alcores in Alcalá de Guadaira and the 172,000-square-foot Alzamora in Alcoy.
The joint venture partners have invested more than €200 million in the country since mid-2015 and plan to invest a further €250 million to €300 million over the next few years, the report noted, citing Keith Breslauer, managing director of Patron Capital.
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The Daily Dose Europe, Real Estate edition, is updated as of 6:30 a.m. London time. Some links require a subscription. Articles and links are correct as of publication time.
Celestyn Wong contributed to this report.