trending Market Intelligence /marketintelligence/en/news-insights/trending/eyfcwuzxpgf2d1njsg2qea2 content esgSubNav
In This List

Segro to issue €300M senior notes; Aedes to form 2 entities via demerger


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Segro to issue €300M senior notes; Aedes to form 2 entities via demerger

* SegroPLC agreed to issue €300 million of 10-year and 15-year senior unsecured notes through a private placement. Proceeds from the two-tranche placement will be used for general corporate purposes.

* Italian real estate investment trust Aedes SIIQ SpA is proposing to partially demerge to create two stand-alone entities focused on activities of a REIT from trading and opportunistic property activities, respectively.

The demerger is subject to stockholder approval and the two new companies are expected to list on the Italian Stock Exchange's MTA main market.

UK and Ireland

* SACO Property Group Ltd. acquired two sites in London and Dublin for the expansion of its Locke-branded apartment hotels, which will feature a total of 383 keys.

* On behalf of Corestate Capital Holding SA, CBRE filed plans for the refurbishment of the Royal Liver Building in Liverpool, U.K., Property Week reported. Corestate bought the asset for £48 million in 2017, and plans to add a visitor attraction, office space, a restaurant and other amenities in phases between the first and third quarters of 2019, the publication added.

* Drum Property Group is seeking consent for its planned mixed-use development on the 2.9-acre Stead's Place site in Edinburgh, PW reported. Plans for the 126,300-square-foot project include 53 affordable homes, student accommodation, a hotel, as well as retail and leisure space, according to the report.

* Savills Investment Management Inc. signed a 15-year lease agreement with publisher Pan Macmillan for more than 75% of the space at its Smithson office asset in Farringdon, London, Property Magazine International reported.

* M7 Real Estate is renting out a total of 6,755 square feet of space across three units at the Parkfield Industrial Estate in Battersea, London, at a record-breaking headline rent of £30 per square foot, PW reported. M7 was appointed asset manager for the 69,000-square-foot estate of 20 units in September 2017.

* According to the Royal Institution of Chartered Surveyors, the shortage of supply in the U.K. housing sector could inflate rents by 15% over the next five years, as landlords shun the rental market due to tax changes, Bloomberg News reported.


* Canada-based Dream Global REIT is buying two office properties in Germany for a sum of €106.7 million. The company is acquiring the 400,000-square-foot Podbi Park in Hannover and the 132,000-square-foot Handwerkstrasse 5-7 in Stuttgart, in a deal set to close in the third quarter.


* Swedish developer Skanska AB divested the Mill Park office project comprising two buildings in Budapest for €100 million. A real estate fund of Erste Asset Management GmbH subsidiary Erste Alapkezelo Zrt. bought the roughly 36,000-square-meter complex, which is due for completion in the third quarter.


* Immobel Luxembourg bought an administrative building at 1 Rue Thomas Edison in Strassen through the acquisition of its owner Thomas SA from a private seller. The property spans 5,700 square meters and is 90% leased to three organizations.


* Redefine Properties Ltd. plans to amend its 2011 memorandum for a 5 billion rand domestic medium-term note program into a 20 billion rand program. The memorandum was registered with the Johannesburg bourse.

Other real estate news

* Brazil-based Multiplan Empreendimentos Imobiliários SA received board approval to repurchase up to 1.5 million common shares with no par value in an effort to maximize shareholder value. The buyback program will begin Aug. 9 and end Aug. 23.

Now featured on S&P Global Market Intelligence

Kite Realty Group reports highest exposure to Mattress Firm among US REITs

The Daily Dose Europe, Real Estate edition has an editorial deadline of 7 a.m. London time. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.

Celestyn Wong contributed to this report.