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Chancerygate plans UK warehouse project; Fabege JV to transform Stockholm suburb


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Chancerygate plans UK warehouse project; Fabege JV to transform Stockholm suburb

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


* Industrial real estate developer and asset manager Chancerygate is set to build a 13-unit, 120,500-square-foot warehousing project on the 5.4-acre Edgington Way site that it acquired from Tesco PLC in Sidcup. The company is currently building 580,000 square feet of industrial space across seven projects and plans to bring 1.7 million square feet of additional space to the market.

* Panther Securities PLC raised the sale price of the Holloway Head property in Birmingham to about £11.3 million and received an additional deposit of £500,000 for the deal. The company expects to receive the full remaining £9.5 million balance on the Aug. 31 settlement of the transaction.


* A Fabege AB-led consortium has partnered with the Huddinge Municipality to transform central Flemingsberg into an international business and research district over the next 10 years. The regeneration of the Stockholm suburb is considered to be one of the largest projects in Sweden, according to a release.


* Arcona Property Fund NV, through Arcona Capital Poland, launched the TUZ TUZ brand for convenience shopping retail projects across Poland, with a first site of about 2,500 square meters set to open in Piotrków Trybunalski. The company has hired Savills to manage the initial project.

Additional coverage

Great Portland Estates sells London property for £127M

Denmark's largest commercial pension fund buys more than €1B of German RE

Report: Patrizia subsidiary Triuva to invest €400M in Frankfurt property

Raven Property to acquire Moscow warehouse for 2.45B rubles

Brockton JV sells 3 buildings in Thames Valley, UK, for £285M

Joyce Guevarra contributed to this report.