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Anbang buys Blackstone's Dutch hotel for €350M; HB Reavis secures £127M loan

* Blackstone Group LP sold the DoubleTree by Hilton hotel in central Amsterdam to Anbang Insurance Group Co. Ltd. at a price tag of approximately €350 million. The Amsterdam DoubleTree hotel was being marketed at about €340 million in May 2016, making the current sale price to Anbang slightly firmer.

* HB Reavis received a £127 million development loan from PBB Deutsche Pfandbriefbank and Deutsche Hypothekenbank for a 227,000-square-foot, grade A office project in the City of London, CoStar U.K. reported. The development on 33 Central is expected to be completed in summer.

UK

* Regency Residential is believed to be soon filing a planning application for a £275 million mixed-use project on Bristol St. in Birmingham, TheBusinessDesk.com reported. The New Monaco development will offer more than 1,000 apartments and townhouses upon its completion in 2021.

* Invesco Real Estate secured a forward funding of £54.5 million for a 180-unit build-to-rent project in London, Property Investor Europe reported. The 20-story East Tower scheme will be developed in partnership with CNM Estates, with completion expected in July 2018, according to the report.

* LondonMetric Property Plc acquired three warehouses in the U.K. for a total sum of £23.9 million, representing a blended yield of 6.0% and a reversionary yield of 6.8%. The deal comprises a 51,000-square-foot warehouse in Crawley, a 90,000-square-foot warehouse in Coventry and a 120,000-square-foot warehouse in Huyton.

* OakNorth Bank finalized its largest deal to date with a £21 million loan for the development of the L'Oscar luxury hotel in central London, Property Week reported. The deal was signed with Stonehouse Finance and RM Funds. The 40-room hotel is expected to open in early 2018, the report noted.

* Bloomberg News featured a report on the falling prices of homes in some of London's suburbs, indicating a continuous slump in the market, which began almost two years ago.

France

* Prologis Inc. offloaded a 180,000-square-meter portfolio of eight logistics facilities in France to private equity firm Carlyle Group for an undisclosed sum. Carlyle acquired the portfolio on behalf of investment funds it advises, kick-starting the firm's initiative to build a high-yielding logistics platform in France, according to a release.

Poland

* InterContinental Hotels Group Plc opened the Hotel Indigo Warsaw – Nowy Swiat, which offers 60 guest rooms, among other amenities.

* During the quarter ended March 31, total volume of modern office space in Cracow, Poland's second largest city, reached approximately 941,000 square meters following 28,200 square meters of new stock, PIE reported, citing Knight Frank.

Middle East

* ENBD REIT (CEIC) Ltd. acquired Dubai's first purpose-built student residence from Global Student Accommodation for 120 million United Arab Emirates dirhams in a sale-and-leaseback deal. The Uninest Dubailand covers a floor area of 160,000 square feet.

* Work on the 410 million-United-Arab-Emirates-dirham six-tower residential complex in Dubai's Jumeirah Village Circle has begun, with completion anticipated within 17 months, Arabian Business reported. The project will deliver 772 apartments, the report added.

* The number of transactions in the Kuwait residential property market fell 42% month over month in April due to decline in market activity, Arabian Business reported, citing Kuwait International Bank. The bank said the recovery of the market depends on the rise in oil prices.

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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.

Joyce Guevarra contributed to this report.