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Empiric signs 2 student property deals; LondonMetric sells retail park for £15M

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

UK

* Empiric Student Property Plc agreed to acquire the freehold of the Franciscan International Study Centre asset in Canterbury for £5.8 million, excluding costs. The asset sits on a 3-acre site and includes five townhouses comprising 50 beds for student accommodation and a separate 16,200-square-foot building. The acquisition is expected to close on or around Aug. 9.

In a separate transaction, Empiric signed an agreement to purchase the freehold of Hahnemann Building in Liverpool for £10.8 million, exclusive of costs. The building was completed for the 2016/2017 academic year, and offers 98 units and communal space. The purchase is anticipated to be finalized in October.

* LondonMetric Property Plc off-loaded the 84,000-square-foot Havens Head Retail Park in Milford Haven for £15.3 million. The company acquired the asset in 2010 for a net sum of £14.2 million. A 38,000-square-foot Tesco food store anchors the retail asset, which generates an annual income of £1.1 million and has a weighted unexpired lease term of 8.5 years.

France

* Altarea Cogedim sold the L'Aubette retail complex in the Strasbourg city center to Deka Immobilien GmbH for an undisclosed sum. The asset offers 5,700 square meters of retail area and approximately 2,800 square meters of accommodation space.

Additional coverage

Blackstone funds unload French hotel portfolio: The sale is believed to be the largest portfolio deal in the country so far for 2017, and involves 45 budget and economic hotels with a total of 3,286 rooms.

First Sponsor affiliate closes €205M Dutch hotel portfolio buy: The company's affiliate FSMC NL Property Group BV purchased the Bilderberg hotel portfolio from QMH Ltd., in a joint venture with Galaren Interholding BV.

Peakside Capital fully invests German RE fund: The PREF II fund's project volume totaled more than €600 million.

Partners Group to buy Paris office building for €170M: The company plans to renovate the property to improve its occupancy level and will partner with Paris-based Aquila Asset Management to manage the asset.

Supermarket Income makes 1st asset purchase after IPO: The company acquired a Tesco superstore in Thetford, U.K., for £43.2 million.

Joyce Guevarra contributed to this report.