* is a conversion into alimited partnership, which will mean it will no longer be listed for trading.
The company'ssupervisory board has already approved a proposal to prepare for thetransformation, and a resolution is expected to be adopted at its annualgeneral meeting, subject to final approval from the executive and supervisoryboard.
* Italy's ENPAM pension fundagreed to buy a 50% stake in an under-construction building in London foraround £382 million, CoStar U.K. reported.Brookfield Property Partners LPowns the other half-stake in what would be Amazon.com Inc.'s headquarters in the U.K. capital.
Theproperty, Principal Place, will offer 600,000 square feet and is expected to becompleted within the year, the news site reported.
* Property Week roundedup comments made by executives of different real estate players after theCity of London got a new mayor. JLL UK CEO Guy Grainger reportedly said thatthe new mayor Sadiq Khan's focus on affordable housing was "a popular votewinner," and that the group awaits the implementation of a plan to deliver50,000 homes a year.
* 's MetricIncome Plus LP with Universities Superannuation Scheme Ltd. rakedin £15.9 million from the sale of its retail parks in Bridgwater, Chatham andGrimsby. The deal reflects a net initial yield of 5.7%.
* A joint venture of SavillsInvestment Management and Trust Real Estate has agreed to buy a site in Putney,London, for over £100 million. According to a release,the partners plan to build a residential-led mixed use development at theroughly 50,000-square-foot site.
* Brockton Capital, CindatCapital Management and CITIC Capital are moving forward with their £600 millionredevelopment of the formerMarco Pierre White's Mirabelle restaurant at 60 Curzon St., Mayfair, London,into a high-end residential scheme with 32 apartments, CoStar U.K. reported.
Asyndicate of lenders comprising Deutsche Bank, Bank of China and UnitedOverseas Bank will provide the partners senior debt tranche to fund thedevelopment, while an investment fund managed by an affiliate of Apollo GlobalManagement will provide the mezzanine tranche, according to the report.
* Following on the of Halifax, mortgagelender Nationwide will up the maximum age of mortgage maturity to 85 years oldfrom 75, London's Financial Times reported.
* Speaking of Halifax, theU.K. bank said that based on its data, home prices in the first quarter of 2016were 9.2% higher than in the same period in 2015. Halifax housing economist,Martin Ellis, commentedthat "very tight" market conditions, a "severe" imbalancein supply and demand, low interest rates and rising employment and realearnings are expected to push house prices up over the next months.
* Liberum analyst CharlieCampbell was reported by FT as sayingthat uncertainty over the Brexit vote and falling home prices in central Londonhave contributed to the recent decline of U.K. homebuilders' share prices.
* Still on the EU referendum,Canary Wharf Group CEO George Iacobescu told PW in an interviewthat while companies in Canary Wharf, London, will likely transfer around 20%of their staff overseas if the U.K. leaves the European Union, such a move willprovide France and Germany "a golden opportunity" to build newinfrastructure.
Iacobescu added that if Britain leaves, developers will "thinkten times" before starting a new development.
* that the occupancy level ofits office portfolio as at April 30 was nearly 82%, up seven percentage points.
CEO Oliver Schumy said in a news release that the increasewas due to the company's implementation of "numerous measures" overthe past financial year.
* CorestateCapital Group refinanced a portfolio of high-street retail properties worth€150 million, Property Investor Europe reported.The portfolio comprises 68,000 square meters of rentable area across 13 sitesin central Germany.
* Skanska has earmarked277 million Danish kroner for the first phase of the development of a newoffice complex in Ørestad City, Denmark. The Stockholm-based group said thatwork on the project started in April, and that it will provide about 11,500square meters of office space when it is completed in April 2018.
Thesecond phase of the scheme will yield an additional 12,800 square meters.
* According to consultancyfirm Arcadis, Norway and Sweden emerged as the most attractive markets inEurope for long-term infrastructure investment in 2016. PIE notedthat eight of the top 20 markets in Arcadis' Global Infrastructure InvestmentIndex are in Europe.
Singaporetopped the index, followed by Qatar, U.A.E., Canada, Malaysia, Norway, Sweden,the U.S. U.K. and the Netherlands.
Saudi Arabia's Housing Ministry said that it plans to imposean annual tax on undeveloped urban land, which is equal to 2.5% of the value ofthe land, Reuters reported.The introduction of the new tax, albeit with little details, sent stock pricesof local developers down.
Europa Capital's head of southern Europe, Jason Oram, saidat a PIE event that Spain's realestate market has become a long-term investment over the past few years, on theback of a recovering economy.
First-quarter property investment volume in Romania wasestimated at about €180 million, a huge increase from the roughly €20 millionrecorded in the same period in 2015, EuropeReal Estate reported.
Profit-per-room in Brussels' hotel sector fell 44.5% in Marchto €30.09 from €54.25 in the year-ago period, believed to be attributable tothe March 22 terror attacks at Brussels Zaventem Airport and Maelbeek metrostation, Europe Real Estate reported,citing HotStats research.
According to JLL, office lease deals in the country duringthe first quarter totaled 250,400 square meters, and 218,000 square meters ofnew office space was delivered to the market, Europe Real Estate reported.
Data DispatchEurope: Former foes find common ground: A look inside the planned CA IMMO,IMMOFINANZ merger: As CA Immo and IMMOFINANZ bury the hatchet andproceed toward a merger, S&P Global Market Intelligence takes a look at thepotential shape of a new, enlarged company.
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