* BlackRock Real Assets hired Savills PLC to market a roughly £300 million student accommodation portfolio that is held by the company's Europe Property Fund IV investment vehicle, Property Week reported. The portfolio encompasses four properties in London, Dublin, and in the British cities of Leeds and Sheffield, according to the report.
* WeWork Cos. Inc. entered a deal with Nuveen Real Estate to occupy the remaining 55,000 square feet of space across three floors at 55 Colmore Row in Birmingham, U.K., with the coworking site to open in the fourth quarter, PW reported.
The shared workspace provider will also open a new site on 40,000 square feet across three floors at Aviva Investors and Brookgate's 50/60 Station Road building in Cambridge, U.K. WeWork and Aviva have agreed to share revenue from the site, which will open in the third quarter, the publication added.
UK and Ireland
* Regeneration company Places for People Group Ltd. agreed to buy 750 housing units produced by modular homes provider ilke Homes Ltd. for a total of roughly £100 million, in what is believed to be the U.K.'s largest-ever modular deal, PW reported.
* An Bord Pleanála approved Irish businessman Larry Goodman's €100 million office scheme on Nassau Street in Dublin despite objections from Kilkenny Group over the project's disruptions on its flagship store within the proposed development area, The Irish Times reported. The 37,722-square-meter project was also opposed by IPUT PLC and Trinity Real Estates, the report added.
* London Hotel Group is seeking approval for the conversion of the grade II listed former Magistrates' Court in Greenwich into a £70 million hotel, Construction Enquirer reported. The company will also use the two empty adjacent school buildings to deliver the 293-bed hotel.
* Angelo Gordon & Co. LP and Ridgeback Group lodged plans for a £50 million build-to-rent project in Sheffield city center, PW reported. The Kangaroo Works building will feature 364 new flats and commercial space for cafes, restaurants and retailers on the ground floor, the report added.
* Private equity firm Bridgepoint Capital's Bridgepoint Growth fund is investing £20 million in Market Halls to fund the British food hall operator's expansion, PW reported. Market Halls will use part of the capital to open a site at Oxford Street in London and a venue at Intu Properties PLC's Lakeside shopping center in Essex.
* Flexible workspace group Spaces agreed to lease the entire 120,000-square-foot building at 125 Deansgate in Manchester, U.K., PW reported. Rival WeWork had previously negotiated to occupy the property but the deal fell through, the report added. The site will be completed in early 2020,
The Netherlands
* Amsterdam is investigating the impact of holiday rentals on the quality of life in certain of its neighborhoods, Bloomberg News reported, citing a statement from the city. The Dutch capital could ban the practice of renting out homes, the newswire said, adding the city wants to “avoid that increasingly more houses are being rented out via platforms like Airbnb, Booking or Expedia,” because home availability is scarce, according to the report.
Other real estate news
* Lodging real estate investment trust Host Hotels & Resorts Inc. is looking to exit the Brazil market with the sale of its three Rio de Janeiro hotels. The hotels include a 245-room JW Marriott, a 256-room Ibis and a 149-room Novotel hotel. French hospitality group AccorHotels operates the Ibis and Novotel properties.
* American Tower Corp. agreed to acquire London-based Eaton Towers Holdings Ltd. for a total consideration of roughly $1.85 billion, including the assumption of existing debt. Eaton owns and operates approximately 5,500 communications sites serving the African market.
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