* Vesteda Groep BV is in the discussion phase of acquiring a 7,000-unit housing portfolio in the Netherlands for approximately €1.4 billion from asset manager NN Group NV, with the former planning to finance the purchase through a combination of proceeds from a participation rights offering and cash.
* Transport for London, or TfL, is seeking a partner for the regeneration of a 12-acre development site near London's Canning Town tube station into 1,500 new homes, according to a PW report. Part of the proposed plans for the Limmo Peninsula site includes affordable homes comprising 40% of the new residential units.
The site marks the largest plot TfL has ever earmarked for its Property Partnership Framework program, Graeme Craig, its director of commercial development, told the publication.
UK and Ireland
* In another partnership, CBRE Global Investment Partners Ltd. and Curlew Alternative Asset Management kicked off their second project together in the form of the Curlew Student Trust 2, which holds two seed assets containing 917 beds under offer for delivery in the U.K. student living sector in 2020.
* St. Modwen Properties Plc recorded a 4.7% climb in its total dividend for the fiscal year ended Nov. 30, 2017, with the dividend weighing in at 6.28 pence per share.
The company is also speeding up its commercial construction program by putting the spotlight on areas outside London, with the lion's share of their committed pipeline targeting markets with "good structural growth" potential, including industrial, logistics and student accommodation, CEO Mark Allan was quoted by Construction Enquirer as saying.
* CBRE has been engaged to market the No 77 St Stephen's Green site in Dublin for upward of €16 million, the Irish Independent reported. The plot has secured full planning consent for the building of an 81-room four-star hotel, with a feasibility study showing it also has the potential to house a 5,220-square-meter office complex.
* Oxford Properties Group, the real estate unit of Canada-based pension fund OMERS, is extending a €46 million refinancing deal to the Old Spitalfields Market development in east London, PropertyEU reported.
* The public improvement and reconfiguration project of London's Tottenham Court Road area has been clinched by Eurovia Infrastructure, who won the construction contract with a £14.4 million bid, according to Construction Enquirer. The development project will likely see a total of £35 million invested in it, with plans to open new public areas included in the plans.
* John Sisk & Son attained preferred bidder status for the building of Boeing's Goldcare Maintenance Hangar at U.K.'s Gatwick Airport, with the project expected to span 14 months, Construction Enquirer reported.
* Prosperity Capital Partners has applied for planning approval for the Boddingtons Brewery plot in Manchester, U.K., Construction Enquirer reported. The developer's plans for the site are headlined by a new city center district — to be called New Brewery Gardens — which will feature five buildings ranging between 12 stories and 26 stories in height.
* Elsewhere in the U.K., the city of Nottingham may see the possible construction of 92 studio apartments at the intersection between Lower Parliament Street and Glasshouse Street, according to TheBusinessDesk.com. Rayner Davies Architects handed in the planning application for the site on behalf of student accommodation operator Megaclose.
* The City of London Corp. is in consultation talks over whether to permanently take away development rights in planning rules which permit office-to-residential conversions, noting that allowing such switches would bring about a major loss in existing office space and future economic activity, PW reported.
* Smaller companies using commercial property to back loans could bring about big credit risks for banks if property prices slide, Elisabeth Stheeman, a member of the Bank of England's Financial Policy Committee, was quoted by Reuters as saying.
* Upwards of €500 million in multifamily and build-to-rent property transactions will be observed in Dublin in 2018, marking a significant jump from the €280 million recorded in the year-ago period, The Irish Times reported, citing a Hooke & MacDonald review.
Germany and Austria
* BUWOG AG's management and supervisory board has reportedly taken a "positive stance" toward the €5.2 billion takeover bid by Vonovia SE, which will see the latter purchase the former's outstanding shares and convertible bonds. BUWOG's board will review the bid and is expected to release its opinion Feb. 13.
* A subsidiary of Australian bank Macquarie Group Ltd. will purchase German property fund manager GLL Real Estate Partners, which will see the latter become the real estate equity investment platform for Macquarie Infrastructure and Real Assets in Europe and the Americas, excluding Brazil. The deal would boost the unit's property assets under management to approximately €10.6 billion.
* Thanks to Brexit driving more banking operations to relocate to Frankfurt from the U.K. and a resulting move for up to 10,000 banking employees, the German city's condominium prices have shot up by 99% compared with 2004, Bloomberg News reported. Sellers increased price tags for condominium units by 10.7% in the second half of 2017, according to figures from a JLL study cited by the media outlet.
France
* A five-investor group, which includes asset manager Amundi and insurance company Predica, looks set to pick up a stake in AccorInvest, the real estate unit of AccorHotels, as the French hotel giant finalizes its €6.6 billion business split.
Belgium and the Netherlands
* On behalf of its pan-European retail property investment fund, BMO Real Estate Partners bought two high street retail assets, respectively in Amsterdam and Brussels, for a total consideration of €60 million, according to Property Magazine International.
The 1,328-square-meter, mixed-use Rokin 17 asset in Amsterdam is being let to Hudson's Bay on a 20-year closed lease, while the 986-square-meter retail unit on Brussels' Boulevard de Waterloo houses Prada's flagship store in Belgium.
Spain
* Lar España Real Estate SOCIMI SA paid €62 million to purchase Madrid's 55,000-square-meter Rivas Futura retail park, marking its first retail property acquisition in the city. The 94%-occupied retail park houses 24 tenants, including Media Markt, Conforama, Toys R Us and Kiabi.
Finland
* Genesta, on behalf of its GNRE Fund II, added to its portfolio a 66,680-square-meter logistics asset in Espoo, purchasing the property from a fund managed by J.P. Morgan Asset Management, Property Magazine International reported.
Other real estate news
* The Texas Permanent School Fund is planning to inject US$150 million into two separate European property investments, consisting of two pledges — each valued at US$75 million — to Invesco's newest structured investments fund and Angelo Gordon & Co.'s latest European real estate fund.
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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.
