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Civitas buys UK housing portfolio for £15M; Catena acquires Swedish assets

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Civitas buys UK housing portfolio for £15M; Catena acquires Swedish assets

This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.

UK

* In an off-market deal, Civitas Social Housing PLC acquired a portfolio of nine regulated social housing assets in the West Midlands for a sum of roughly £14.6 million via its investment manager, Civitas Housing Advisors Ltd. The assets are leased on 25-year agreements to Chrysalis Supported Association Ltd.

France and Belgium

* Affine bought a 5,800-square-meter office building from Allianz in Paris' Sèvres area, increasing its annual rental income by €1.2 million. The nine-story building is fully leased to nine tenants and includes 108 underground parking spots, according to a release.

* Cofinimmo SA is leasing 1,357 square meters of space at its Belliard 40 office building in Brussels to Aedifica SA for a nine-year period starting June 1. The building, which is undergoing reconstruction, is 66%-leased following the deal.

Sweden

* Catena AB acquired the 22,600-square-meter Mappen 1 property on a 110,000-square-meter site in Linköping for 68.1 million Swedish kronor. The asset has development rights for over 30,000 square meters of land, the company noted.

In a separate release, Catena said its newly established joint venture with Foodhills AB and Backahill AB purchased the Bjuv 23:1 property, part of the Selleberga 17:1 asset and the Lunnahus 4:2 property in Bjuv for a total sum of 85 million kronor. Foodhills Fastighet AB acquired the vacant assets from Findus, according to a release.

Additional coverage

Whitbread to acquire portfolio of 19 German hotels

Topland sells government-leased London building for £154M

Oaktree acquires Irish shopping center for €250M

Former Frankfurt police HQ changes hands

Gramercy Property unit acquires two German warehouses for €30M

As of March 1, US$1 was equivalent to 8.28 Swedish kronor.