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Bellway EPS up YOY in FY'19; DTZ Investors JV seeks £650M for co-living fund

* British homebuilder Bellway PLC's EPS was up 3.4% annually to £4.38 from £4.23 for the year ended July 31. Bellway's board is proposing to increase the company's total dividend to £1.50 per share from the previous annual dividend of £1.43 per share.

* DTZ Investors and The Collective, a global co-living platform, plan to raise up to £650 million for COLIV, an institutional large-scale co-living fund.

COLIV will have a target gross asset value of £1 billion over its lifespan of 10 years and will seek to buy or forward-fund between six and 10 co-living assets in London. The fund has been set up with a seed capital of £70 million. Both DTZ and The Collective equally committed to the £10 million sponsor co-investment.

* A hearing by the Irish High Court to sanction Green REIT PLC's proposed takeover by Henderson Park in a €1.34 billion cash deal is scheduled for Nov. 6. Under the terms of the deal, HPREF Dublin Office Bidco Ltd., an indirect wholly owned subsidiary of the Henderson Park Funds, will acquire the office real estate investment trust.

* Commercial real estate services firm JLL said the European listed real estate sector is ripe for M&A activities at a time when global institutional capital is under-allocated to real estate.

Matt Richards, head of Europe, Middle East and Africa capital markets at JLL, said portfolio diversification is becoming more common as real estate companies are considering future volatility and building strategies to protect them from uncertainty.

* German investment manager Patrizia AG said in a report that housing developments remain an attractive sector across Europe on the back of high demand and continuously low supply amid a pickup in construction over the past several years.

According to Patrizia's "Insight 2019/2020: European Residential Markets" study, the outlook for European residential markets remains good despite markets adjusting to the current volatility in the geopolitical environment.


* Legal & General Group PLC's LGIM Real Assets agreed to forward fund an office project in Peterborough, REP Europe Real Estate reported. The company, on behalf of Legal & General's Limited Price Inflation Income Property Fund, will also provide development funding to Bride Hall Developments, which will undertake the construction.

The 90,000-square-foot building, which is expected to be completed in 2021, will be leased to the Department for Environment, Food and Rural Affairs; the Environment Agency; Natural England; Joint Nature Conservation; and HM Passport Office.


* Prime yields for French logistic investments dipped below 4% in 2019 for the first time, PropertyEU reported, citing Romain Nicolle, head of logistics capital markets at Cushman & Wakefield.


* Oxenwood Real Estate LLP acquired a new logistics facility near Warsaw from a joint venture between Panattoni Europe and Bluehouse Capital for €13.5 million. The 8,500-square-meter cross-docking facility in Radzymin serves as a build-to-suit courier delivery distribution center for DHL Parcel Polska, which signed a 10-year lease for the facility.

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