* Australia-listed Lendlease Corp. Ltd. and U.S.-based Starwood Capital Group LLC are in talks to buy development rights for the 7 million-square-foot, mixed-use Silvertown Quays project in Royal Docks, east London. A consortium that was chosen as development partner by the Greater London Authority in 2012 is the seller, according to a Bloomberg News report, citing people with knowledge of the plan.
The £3.5 billion scheme was given planning approval by former London Mayor Boris Johnson in 2015.
* Mayfair Capital Investment Management has established a fund with an up to £400 million capacity to invest in the U.K. real estate sector. The MC Thematic Growth Fund received £80 million from Swiss Life Group and an undisclosed amount from the Merseyside Pension Fund.
The fund, which has approximately £100 million of equity committed, has already signed deals for the purchase of two multi-let offices in Birmingham and Newcastle, U.K., for a sum of £40 million.
UK
* Brenda Dean, nonexecutive chairman of Residential Secure Income PLC and Empiric Student Property PLC, died March 13.
* The Metropolitan housing association obtained approval for the development of more than 2,500 homes at Clapham Park in south London under a £1.6 billion redevelopment plan, Construction Enquirer reported.
* As a part of its push into the U.K. build-to-rent sector, Clarion Housing Group aims to amass a portfolio of up to 3,000 units over the next five years with a gross development value of £800 million, Property Week reported. Clarion plans to construct most of the units via its private development company Latimer.
* St. Modwen Properties PLC agreed to forward-sell 207 private rented sector units at its mixed-use regeneration project at St. Andrew's Park in Uxbridge, west London, for £75 million to Annington Rentals (No.4) Ltd.
* Allied London revealed expansion plans for the Enterprise City campus in Manchester at the 2018 MIPIM real estate exhibition in Cannes, France, PW reported. The developer will add a new building to the campus to expand the asset to 500,000 square feet.
* According to PW, Pacific Industrial & Logistics has plans to raise up to £50 million to finance about £80 million worth of deals for two portfolios with assets in the U.K. The transactions will raise the real estate investment trust's portfolio value to approximately £200 million.
* On behalf of a private Saudi Arabian client, Abu Dhabi Islamic Bank funded the roughly £19.4 million purchase of The Hub office asset inside the Aztec West Business Park near Bristol. Arabian Business reported that the building houses design and engineering company Atkins.
* Dutch co-living and co-working provider The Student Hotel plans to open three hotels with at least 400 to 500 rooms each in the U.K. by 2021, PW reported. The expansion is part of the company's €1.8 billion international growth strategy, the report added.
* The Southend-on-Sea Borough Council is searching for a joint venture partner for a regeneration project involving the construction of approximately 1,300 new homes and other amenities on the Queensway site in central Southend-on-Sea. A preferred bidder for the scheme will be chosen by spring 2019, the council noted.
France
* Russian developer Hermitage is targeting to wrap up its €2.8 billion, twin-tower Hermitage Plaza project in Paris' La Défense in time for the 2024 Olympic Games in the French capital. The development comprises two 320-meter towers and four smaller buildings, featuring penthouse apartments, a hotel, and office and retail area.
The development, which was initially set to be completed in 2016, faced a series of challenges that delayed the construction work.
Germany and Austria
* Moody's changed its ratings outlook on CA Immobilien Anlagen AG to stable from negative and affirmed its Baa2 long-term issuer rating on the company and the Baa2 ratings on its senior unsecured bonds.
* For the first time since 2007, PATRIZIA Immobilien AG intends to resume a dividend payout, with a distribution of 25 euro cents per share for 2017. The reinstatement of the dividend follows PATRIZIA's strong earnings results during the reporting period.
* Bauwert is looking to carry out more than €500 million worth of developments on the three sites it recently acquired in Germany, Property Investor Europe reported. The developer plans to construct a 110,000-square-meter office campus on a land in the Adlershof science and technology park purchased from German railway group Deutsche Bahn. Plans for the other two sites in Berlin include 40 high-end owner-occupier homes and 60 housing units, the publication noted.
* Commerz Real and S+B Group have agreed to jointly develop the second Donau City Tower in Vienna, in which Commerz Real's investment will amount to roughly €170 million. S+B will be responsible for the construction, planning services, marketing and leasing of the 53-story building, which is due for completion in the second quarter of 2019, according to a release.
Sweden
* Akelius Residential Property AB (publ) plans to issue at least €300 million of hybrid bonds, with an option to upsize the offering to €500 million.
* Kungsleden AB issued its first green bond of 2.00 billion Swedish kronor under its medium-term note program. The two-tranche offering comprised 1.25 billion kronor of bonds at a roughly 1.61% initial coupon, and 750 million kronor of bonds with a fixed coupon rate of 2.38%.
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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.
Anusha Iyer contributed to this report.
As of March 15, US$1 was equivalent to 8.17 Swedish kronor.
