This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
Germany and the Netherlands
* Schroder European Real Estate Investment Trust Plc settled the approximately €20 million acquisition of a 23,700-square-meter mixed-use data center building in Apeldoorn, Netherlands, marking a net initial income yield of 10%. The property is let to Dutch telecom and IT service provider KPN NV until Dec. 31, 2026.
* TLG IMMOBILIEN AG paid around €13.5 million to buy an office property in Frankfurt from a group of private investors represented by Savills. The property is almost fully let and offers a lettable area of around 7,800 square meters.
* Aedifica SA signed a roughly €9 million deal to acquire the advita Haus Zur Alten Berufsschule seniors housing site comprising 127 units in Saxony, Germany, at an initial gross rental yield of approximately 5%. The asset is leased to Zusammen Zuhause GmbH and operated by advita Pflegedienst GmbH.
In a separate release, the company said it entered into a roughly €4 million agreement to build the September Nijverdal care residence featuring 20 units in the Dutch town of Nijverdal. The project has an estimated gross rental yield of approximately 6.5% and the asset will be operated by an entity of Wonen bij September.
* Australia's Cromwell Property Group divested the multi-let Rotterdam Science Tower and the 21,500-square-meter, four-building Port Park Pernis complex in the Netherlands for an undisclosed sum, Property Investor Europe reported.
* Triple Point Social Housing REIT Plc agreed to purchase 12 supported housing properties comprising 96 units in the West Midlands, North West and southeast of England for a sum of £18.1 million, excluding costs. The company entered into new leases on each of the properties for a minimum of 20 years.
* Civitas Social Housing PLC closed the roughly £13.8 million acquisition of two regulated social housing portfolios containing freehold interest in 11 properties in the U.K. Each property is subject to a 25-year lease with Trinity Housing Association, the company noted in a release.
Italy and Spain
* Singapore-listed Cromwell European REIT wrapped up the purchase of the Via della Fortezza No. 8 property in Florence, Italy, for €17.4 million, expanding its portfolio to 74 assets. The company was able to acquire the asset after the Italian Republic did not exercise an option to buy the property.
* Lar España Real Estate SOCIMI SA spent €14 million on the acquisition of Abadía's commercial gallery in Toledo, Spain. The company also owns the Parque Abadía retail park, which it acquired in March 2017 for €63.1 million.
The 92%-leased newly purchased shopping center comprises 6,138 square meters of space and 38 retail units.
Czech Republic and Poland
* International Campus AG and Karlín Group have partnered to buy a 529-unit student housing development project in Prague's Holešovice district for an undisclosed sum. The eight-floor asset, called THE FIZZ Prague, will open in the first quarter of 2020 and encompass an above-ground gross floor area of 16,529 square meters.
* Orbis SA bought a 771-square-meter land plot at 8 Worcella St. in Kraków for a net sum of 13 million Polish zloty. The land will be used for the construction of a hotel, the company noted.
* Gazit-Globe Ltd. purchased a 1.125-acre site in Tel Aviv's Kochav Hatzafon neighborhood for 105 million New Israeli shekels, Israel business daily Globes reported. A 2,500-square-meter shopping center is under construction on the site, and the project will be funded by Gazit-Globe following the purchase.
* Arkan Al-Kuwait Real Estate Co. sold two assets in Hawally, Kuwait, for 3.7 million Kuwaiti dinars, earning a net profit of 1.2 million dinars from the sale, Reuters reported.
CapCo in talks to sell Empress State Building in London
Developer Strawberry Star to buy £260 million mixed-use project in UK
Norway's sovereign fund, AXA France to sell Paris property
Frasers signs €285M deal to buy 2 companies, 22 assets in Germany, Austria
Norway's sovereign fund, AXA France to sell Munich property
Joyce Guevarra contributed to this report.
As of Feb. 20, US$1 was equivalent to about 3.50 New Israeli shekels, 3.36 Polish zloty and about 0.30 Kuwaiti dinars.