* Singapore's Frasers Logistics & Industrial Trust completed the roughly €325.0 million acquisition of 17 properties in Germany and four in the Netherlands from its parent, Frasers Property Ltd.
* J.P. Morgan Asset Management and LGT Capital Partners acquired a multi-let portfolio comprising four offices in Germany from asset manager Publity. The portfolio comprises two offices in the greater Munich area, as well as one office in Cologne and another in Düsseldorf. The assets comprise an aggregate of roughly 100,000 square meters of space and are almost fully let, according to a release.
UK and Ireland
* Malaysian asset manager Permodalan Nasional Bhd. agreed to lease a more than 130,000-square-foot office and retail building in London to WeWork Cos. for a 20-year term. The shared workspace provider will occupy the entire office space across eight floors of the prime Aviation House building in the Holborn district.
* Green REIT PLC entered a deal to divest Westend Retail Park in Blanchardstown, Dublin, to a DWS real estate fund for €147.7 million in cash. The property offers 230,742 square feet of retail space and 71,249 square feet of office accommodation.
* Aberdeen Standard Investments is seeking approval for the development of 1,368 student rooms for the University of Lincoln in the U.K., as part of the £150 million redevelopment of St Marks, Construction Enquirer reported. The project is set to be completed in phases between 2020 and 2022, the report noted.
* Construction Enquirer reported that developer Mace is working on plans for the £100 million renovation of the Olympia London exhibition center in Kensington. The asset is set to be converted into an arts, entertainment and exhibition space, according to the report.
* London's Financial Times carried a report on the £500 million regeneration of the Peek Freans biscuit factory site in Bermondsey, south London, which features plans for more than 1,340 rental homes. The developer of the project, Grosvenor Britain and Ireland, aims to address the housing shortage in the capital through the construction on more built-to-rent homes.
* Following a number of portfolio deals, hotel investments in the U.K. surged 81% year over year in the first quarter to €1.85 billion, Property Investor Europe reported, citing CBRE. Overall volume for the European hotel sector was down roughly 10% year over year to €4 billion primarily due to shortage of assets available for sale, the report added.
Finland
* Stockmann PLC sold the Atlas mixed-use building in Helsinki's central business district to real estate asset manager AEW's Europe City Retail Fund for €108.5 million. The fully occupied building features 8,460 square feet of lettable area.
Czech Republic
* Tamda Foods purchased the Vseboice in Usti nad Labem retail center from Bainbridge Czech Republic Usti nad Labem Holding via CBRE for an undisclosed sum, Europe Real Estate reported. The shopping center encompasses over 18,000 square meters of space leased to tenants including Tesco, Hervis and McDonald's.
Middle East
* According to Knight Frank, average Dubai office rents fell 4.3% on an annual basis in the first quarter in spite of a strong demand in the sector, especially from firms consolidating operations, Arabian Business reported.
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Anusha Iyer contributed to this report.
