* ActivumSG Capital Management acquired Germany's largest senior housing developer, WI-IMMOGroup after buying a 94% stake in the private company, Property Investor Europe reported, citing ActivumSG Founder and Managing Partner Saul Goldstein.
WI-IMMOGroup generates about €90 million in annual sales and has 22 projects in the pipeline.
* Unibail-Rodamco SE said José Luis Duran resigned as supervisory board member to pursue new professional opportunities, effective Oct. 4. Unibail will nominate Duran's successor at the company's 2017 annual general meeting.
* InterContinental Hotels Group Plc hired Michael Zager as the new vice president for operations in Continental Europe.
* German pension fund Bayerische Versorgungskammer is setting up a new fund with an investment volume of around €1.7 billion, IPE Real Estate reported. The fund will have three sub-funds that will look into residential investments in the Nordics and the Netherlands and student housing and micro apartments in German-speaking countries.
* Icade signed a preliminary agreement to sell a business park and an office property, and it agreed to acquire an office building in Paris for a total of €285 million.
* Amazon.com Inc. signed an agreement with Goodman Group to lease an additional 137,000 square meters of logistics space across two properties in the Hauts-de-France region, according to a statement.
* AccorHotels is anticipating a threefold increase in revenue over the next three to four years, thanks to its online business investments and luxury hotel developments, among other factors, Reuters reported, citing CEO Sebastien Bazin. The company's current business volume is around €12 billion.
UK and Ireland
* Drum Property Group is seeking planning consent from the City of Aberdeen Council in the U.K. for a 320,00-square-foot retail scheme at the Prime Four Business Park in Kingswells, Property Week reported. The project is expected to cost £100 million.
* HSBC Holdings is planning to rent approximately 50,000 square feet at the Blue Fin building at 110 Southwark St., London, according to PW. The bank is looking to take up part of the space formerly occupied by Time Inc. UK.
* U.K. pension fund schemes, Leicestershire County Council Pension Fund and Nottinghamshire County Council Pension Fund, are investing a total of £55 million to the Active Value Property Fund II created by Kames Capital, IPE Real Estate reported. The pension funds are looking to capitalize on investment opportunities post Brexit.
* The U.K. government is planning to use €2 billion from a housing fund to buy homes that developers cannot sell in an attempt to provide more homes and reduce construction risk, PW reported. The Homes and Communities Agency will directly sell these houses either in an open market, to private buyers or to registered social landlords.
* The Irish government, meanwhile, is believed to be launching a €215 million package to bring around 4,000 vacant homes to use, according to the Irish Independent. Around 3,500 houses will be refurbished and leased for €140 million under the package. Local authorities will be given the remaining €75 million over the next two years to buy and refurbish dilapidated properties in town centers.
Denmark and Norway
* Danish pension funds Lægernes Pension, DIP, JØP and Nordea Liv & Pension pledged 1 billion Danish kroner to a fund that will invest in residential and commercial properties across Denmark's second largest city, Aarhus, IPE Real Estate reported. The volume of the fund may increase over time as new opportunities arise, the report noted.
* Seasonally adjusted home prices in Norway increased 0.9% in September compared to the previous month and by 10% year over year, Reuters reported, citing Real Estate Norway. The "strong" upward trend in home prices is expected to continue through the the fourth quarter of 2016.
Poland and Czech Republic
* Deka Immobilien acquired the 116,000-square-meter The Park office complex in Prague from Starwood Capital for its club-style investment program for institutional investors, PIE reported. Starwood is believed to be asking for around €400 million for the 12-building scheme, which it bought in 2013 for €300 million, according to the report, citing Czech media.
*Retail rents in Warsaw are predicted to grow 4.5% by 2017-end before slowing down up to 2.5% until 2020, PIE reported, citing Capital Economics. The steady demand from Polish consumers will help the retail sector grow over the next year, according to the report.
Marriott International Inc. is expanding its business across Africa by signing new property deals in Cape Town, Nairobi, Cairo and Mauritius. The new signings comprise more than 1,100 rooms and the entry of the AC by Marriott brand in Africa.
The company expects to increase its property and room count in the continent to 205 and 37,000, respectively.
Now featured on S&P Global Market Intelligence
Data Dispatch: 106 North American real estate companies increase dividends through Q3: During the two-week period between Sept. 17 and Sept. 30, W.P. Carey was the sole SNL-covered North American real estate company to announce an increase to its dividend.
The Daily Dose Europe, Real Estate edition, is updated as of 6:30 a.m. London time. Some links require a subscription. Articles and links are correct as of publication time.