* Patrizia AG sold a 10-property portfolio of logistics assets encompassing more than 362,721 square meters in France in an off-market transaction to real estate funds managed by private equity giant Blackstone Group Inc. for €260 million.
The portfolio is fully leased to Kuehne and Nagel, Geodis, Rhenus, Honeywell and Amazon, among other tenants.
* Goldman Sachs and Morgan Stanley launched a £900 million corporate bond backed by 64 Logicor assets in the U.K., Property Week reported. The portfolio is worth roughly £2.11 billion, reflecting a net initial yield of 4.67%. The borrower, UK Logistics Holdco, is ultimately controlled by China Investment Corp. and Blackstone, according to the publication.
* CLS Holdings PLC is acquiring two office buildings in London for roughly £66.7 million, excluding costs. The two properties have a net initial yield of 6.2% for CLS. The acquisition is expected to complete within four weeks.
The 6 Lloyds Ave. property comprises 34,640 square feet of office space and is 82% let to 27 tenants, while the 39,626-square-feet Clockwork Building in Hammersmith is fully let to six tenants with a weighted average unexpired lease term of 3.2 years.
* Major European cities saw a surge in serviced office take-up levels in the first half of 2019 and are on track to exceed 2018's levels, according to PW, which cited new research from BNP Paribas Real Estate. In the six months ended June 30, serviced office take-up in London, Paris, Brussels and Amsterdam reached 62%, 82%, 80% and 75%, respectively, of the volumes tallied in 2018. Barcelona's half-year take-up breached the volume recorded in the previous year by 56%.
The research also noted that WeWork Cos. Inc. contributed to the increased take-up in some places.
UK
* A joint venture between the pension funds of BAE Systems and the Zurich Investment Foundation acquired the 518-bed Sofitel Gatwick North Terminal hotel in the U.K., IPE Real Assets reported. The asset includes 5,000 square feet of office space.
* M&G Real Estate's U.K. residential property fund acquired two British residential schemes in Sutton and Bournemouth from Watkin Jones PLC, IPE Real Assets reported. The £93.4 million acquisition added 325 private-rented sector apartments to M&G's portfolio.
The fund acquired the 24-34 Sutton Court Road asset for £54.4 million. The asset will provide 166 new apartments, with construction anticipated to be completed in June 2021. In Bournemouth, the property fund purchased the Holdenhurst Road asset for £39 million. The scheme will provide 159 new homes over 18 floors, with construction expected to be completed in March 2020.
* Dominvs Group submitted a planning application for a 296,000-square-foot hotel-led mixed-use development at 61-65 Holborn Viaduct in London, Property Week reported. The plans include a 382-bedroom hotel at the site, which would feature a 40,000 square-foot green wall.
The proposed development would also include a restaurant and café, a public rooftop terrace, a new square, and flexible workspace floors dedicated to small and medium-sized enterprises.
* AEW UK plans to raise as much as £500 million to build a platform of senior living assets in the U.K., PW reported. AEW is looking to build such assets for rent as opposed to a huge number of U.K. senior homes that are built for sale, the publication added.
France, Netherlands and Spain
* French developer Catella Logistic Europe completed its first two logistics buildings and sold them in a forward funding deal with insurance company Groupama Group for roughly €33.3 million. The office buildings in Troyes-Moussey and Cholet will be leased to logistics provider LOGTEX for nine years.
* Heitman LLC acquired a 285-unit senior living facility in Tilburg, the Netherlands, from Bonita Groep for an undisclosed sum, IPE Real Assets reported. Heitman bought the Leyhoeve Tilburg luxury senior living residence on behalf of a joint venture between its two affiliates.
* Savills Investment Management sold The Outlet Stores in Alicante, Spain, to a UBS-managed fund for €34 million, according to PropertyEU.
Poland
* About 135,000 square meters of office space was leased in Kraków in the first six months of 2019, which is equivalent to 44% of demand for office space outside of Poland's capital Warsaw, Property Magazine International reported. The high demand is driving developer activity, with an additional 230,000 square meters of office space in the pipeline, the report added.
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