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Mercialys closes €15M deal in France; Wynnstay Properties inks £4M UK purchase

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Mercialys closes €15M deal in France; Wynnstay Properties inks £4M UK purchase

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

UK

* Custodian REIT PLC acquired a 16,770-square-foot car dealership property in the Battlefield Enterprise Park in Shrewsbury for roughly £1.7 million at a net initial yield of 6.75%. The property is leased to TJ Vickers and Sons Ltd. until September 2025 at current passing rent of £120,000 per year.

* Wynnstay Properties PLC signed an agreement to purchase a freehold multi-let trade counter estate at Petersfield Business Park in Petersfield from Friars House Investments Ltd. for a total of £4.1 million, including costs. The fully leased estate generates £203,592 per annum in current rent.

France

* In its latest business update, Mercialys said it completed the disposal of the Saint-Paul site on Réunion Island for €14.6 million, including transfer taxes. The French real estate investment trust also signed preliminary sales deals for the Gap and Lannion sites for a combined €19.1 million, inclusive of transfer taxes.

Greece

* Grivalia Properties REIC now fully controls Piraeus Port Plaza 1 after indirectly buying a 50% stake in the company for roughly €3.9 million. The vehicle holds an asset in Piraeus, with a gross leasable area of roughly 9,700 square meters above ground and 4,470 square meters basement auxiliary and parking spaces.

Additional coverage

Axa IM - Real Assets, Pradera buy Italian shopping center stake for €105M

Unite selling student accommodation portfolio to Singapore buyer for £180M

Banyan Tree signs deal to sell entire Seychelles portfolio

Unite Group buys forward-funded project in London for £102M

Hammerson selling 2 UK retail parks for £164M amid new strategy for shareholders

Joyce Guevarra contributed to this report.