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Deutsche Wohnen H1 FFO I up YOY; Vienna Hilton hotel sells for €370M

* Deutsche Wohnen SE said its funds from operations I for the first half rose 12.9% to 79 euro cents per share from 70 cents per share in the prior year.

* A joint venture between Wealthcore Investment Management and Mastern Investment Management, acting on behalf of Meritz Securities, Hana Financial Investment and NH Investment & Securities, acquired the Hilton Parkview hotel in Vienna for €370 million. The roughly 50,000 square-meter property at Am Stadtpark comprises more than 600 rooms and 241 car spaces.

The sellers were two Austrian family offices represented by Investes United Benefits. Hilton has managed the asset for over four decades, according to a release.

* German fund manager Union Investment has paid roughly €190 million for the newly constructed 5 Hanover Quay office property in Dublin's south Docklands, The Irish Times reported, citing a company statement. The property, developed by a joint venture of Oaktree Capital, Bennett Group and Nama, was put up for sale in May by JLL and Eastdil Secured with a guide price €190 million. It offers 14,864 square meters of office space across seven floors and is fully leased to multiple tenants including technology company DocuSign and auto parts manufacturer Aptiv, according to the report.


* The vacancy rate at U.K.'s retail units was 10.3% in July, the highest level in four years, while footfall reached its weakest in seven years following an overall decline of 1.9% during the month, Property Week reported, citing a survey from the British Retail Consortium and Springboard.

Footfall decline was highest at shopping centers, with a 3.1% annual decline in July, followed by high-street footfall with a 2.7% decline year over year. Retail park footfall grew 1.2% during the same period, according to the report.

* Entertainment company Sony has leased 65,000 square feet across three floors at the former Echo Building in Liverpool to relocate from its office at Sony Building in Wavertree Technology Park on the outskirts of the city, according to Property Week. The property used to be the home of the Liverpool Echo newspaper. Now known as Echo Place, it is being refurbished to add a 207-room hotel, which will be operated by Spain's Meliá Hotels International SA for its INNSiDE brand, and 10,000 square feet of retail space, the report added.

* Retirement living operator Audley Group plans to add 21 carbon-neutral bungalows, its first zero-carbon scheme, to its Audley Inglewood property in Kintbury, Berkshire, Property Week reported. The retirement village currently contains 91 apartments and two cottages.

* LendInvest is poised to expand its build-to-rent portfolio after securing a £200 million investment from National Australian Bank, Property Week reported, citing the financial technology company's CEO and co-founder, Christian Faes. The lender has already provided more than £370 million to the sector since 2017.

* Property Week reported that Swiss coworking operator and Regus brand owner IWG PLC is in talks for the acquisition of The Clubhouse, a London-based provider of flexible meeting space, which recently filed for administration.

* Unite Group PLC agreed to acquire a new 620-bed student accommodation project in Nottingham. The £48 million project is expected to open for the 2022/2023 academic year.

Germany and the Netherlands

* Palmira Capital Partners GmbH acquired a commercial and technology park in Alzenau, Germany, on behalf of the Unternehmensimmobilien Club 1 fund, for an undisclosed amount. ROSOLA Grundstücks-Vermietungsges. mbH & Co. Objekt Alzenau KG sold the roughly 29,000 square-meter property, which is almost fully occupied.

* German co-living space provider Medici Living GmbH's Quarters brand is entering the Dutch market with 20 residential units at an Urban Interest-developed building in the Statenkwartier district of The Hague, Europe Real Estate reported.

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