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* Audley Group, Schroder Real Estate Investment Trust Ltd. and Octopus Real Estate formed a joint venture to develop four British retirement villages with over 500 units worth £400 million, IPE Real Assets reported. The developments will rise in the Audley Villages sites at Cobham in Surrey, Sunningdale Park in Berkshire, Scarcroft in West Yorkshire and Stanbridge Earls in Hampshire.
Audley, which will be responsible for the long-term ownership and operational delivery of the villages, will provide equity for the developments alongside Schroders and Octopus.
* Chartered Land Ltd. is seeking offers of roughly €650 million for a portfolio of 1,695 new apartments, dubbed Project Chase, that it intends to build across four residential development sites in Dublin, The Irish Times reported. The sites, which are at Parkgate Street in Dublin city center, and the surrounding suburbs of Rathborne, Finglas and Kellystown, will be built in phases by Castlethorn between 2021 and the final quarter of 2022, according to a confidential document sent to potential buyers, the publication added.
* Pan-European real estate investment manager Europa Capital raised approximately $218.0 million for its sixth private equity fund, Europa Fund VI SCSp, which secured commitments from three investors.
* Aroundtown SA said its funds from operations I for the first six months stood at 21 euro cents per share, up 10.5% from 19 cents per share in the year-earlier period.
UK
* British Land Co. PLC sold a 2.5-acre town center site in Walton-on-Thames to Guild Living Ltd. for an undisclosed amount. The site, subject to planning, is expected to deliver about 300 new homes for the local area. Guild Living is the operator and developer of urban retirement communities of U.K.-based financial services group Legal & General Group PLC, which was advised by Knight Frank on the acquisition.
* Logistics carrier APC Streetwise Couriers signed a 15-year lease on a new 25,500-square-foot office at the Tournament Fields development in Warwick in the West Midlands region, TheBusinessDesk.com reported. The firm, which is based in Heathcote Industrial Estate in Warwick, is set to relocate to its new headquarters in November.
* According to Construction Enquirer, Graham Construction is close to agreeing to a deal that will see it convert the Osney power station in Oxford into a business school. The company expects to secure planning consent for the £60 million conversion project in September, with work due to start before the end of 2019. The revamped building will comprise 120 hotel-style bedrooms, a swimming pool and a dining room with capacity for 140 people.
Spain
* RIU Hotels & Resorts reopened the Riu Palmeras hotel on the Spanish island of Gran Canaria, following a full refurbishment and a €22 million investment, Europe Real Estate reported. The hotel now has 274 rooms following the addition of 40 new rooms.
Nordic countries
* Niam V Prosjekt AS exited its entire shareholding in Norwegian Property ASA by selling 67,437,425 Norwegian Property shares, or a 12.30% stake, at 13 Norwegian kroner apiece. Niam said it is represented on the Norwegian Property board by Kjell Sagstad.
* Europe Real Estate reported that NCC and Familjebostader will build 129 rental apartments near the Alvsjostaden city district, located to the south of Stockholm, for roughly €27.9 million. The Alvsjostaden urban development in Älvsjö comprises a total of 1,500 housing units in three phases. Occupancy is scheduled for 2021.
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