* Six parties have offered to buy Starwood Property Trust Inc.-owned office assets in Dublin with an indicative value of €535 million, The Irish Times reported.
Goldman Sachs, Blackstone Group Inc., Tristan Capital Partners, Avestus, Apollo and Westridge Real Estate are understood to have submitted bids for the Cedar portfolio, matching or around the price being sought by joint agents CBRE and Eastdil Secured.
The properties include the Watermarque building, 75 St Stephen's Green, Iveagh Court, Marsh House, 29-31 Adelaide Road, and 1 and 2 Parkgate St. The portfolio offers 600,737 square feet of offices and 45 residential units.
* German real estate services and investment company Domicil Real Estate AG is getting ready for an IPO on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange.
The company, which focuses on residential real estate, is planning a primary offering of approximately €150 million to finance its real estate acquisitions and to broaden its business. The planned offering is expected to close by 2019-end, subject to market conditions.
* Patrizia AG is reported to be in exclusive talks with Greenoak's Fund II to buy a logistics portfolio worth €1.3 billion, according to PropertyEU.
* German real estate investment manager Union Investment is investing roughly €460 million to develop the Y-Towers project in Amsterdam. The 106,000-square-meter building complex will comprise a 33-story hotel with 579 rooms under the Maritim brand, as well as a 174-apartment residential tower. The project is expected to be completed by the end of 2022.
IES Immobilien and Invester United Benefits GmbH are selling the project development company to Union.
UK and Ireland
* Barratt Homes North Midlands acquired 20 acres of development land at Beeston Business Park in Nottingham, U.K., from a joint venture between Chancerygate and Bridges Fund Management, Europe Real Estate reported. Barratt plans to build 310 new homes at the site and already started work on the development.
Chancerygate and Bridges Fund Management own and operate Beeston Business Park, a 48-acre office, light industrial and warehousing scheme three miles from Nottingham city center.
* Modular housebuilding business BoKlok, which is a joint venture between Ikea and Skanska AB (publ), will develop 200 houses at the Airport Road site in south Bristol, U.K., Property Week reported. The joint venture aims to work with Bristol City Council for the development.
About 140 homes will be under the BoKlok brand, while the rest will be reserved for social rent and shared ownership. The construction of the new homes is expected to commence in 2020, pending planning approval.
* Quinn Estates submitted plans for a mixed-use scheme, dubbed The Stonehouse Park, in Kent, U.K., that will see the development of over 1,000 new homes, PW reported.
The scheme in Sevenoaks consists of 850 homes and an 11.75-acre retirement village. Plans for the scheme also include 37 acres of parkland and allotments, new sports facilities and a primary school, among other amenities.
* According to The Irish Times, Deka Immobilien acquired the Reflector office building in Dublin for a sum of about €155 million. The asset in Hanover Quay comprises 11,250 square meters of office space, 329 square meters of retail space and 34 car parking spaces.
The transaction represents Deka's first foray into the Dublin office market, the paper said.
Germany and Finland
* CBRE Global Investors Inc.'s value-add fund and CR Investment Management are set to develop serviced apartments in Germany, IPE Real Assets reported. The project developments will focus on cities with major employer clusters or underdeveloped hotel market, as well as university cities, according to the report.
* U.S.-based property firm Greystar Real Estate Partners LLC acquired a 12-story residential property in Frankfurt from AviaRent Invest for an undisclosed amount, according to IPE Real Assets. The 8,500-square-meter LY30 Frankfurt, which was built in 2016 at Lyoner Strasse 30, comprises 182 residential apartments.
* Bonava AB (publ) is selling a 71-unit rental project in Espoo, Finland, to ICECAPITAL Housing Fund V for an undisclosed sum.
Spain and Czech Republic
* Asset manager KanAm Grund Group was reported to have acquired eight government-leased office buildings in Barcelona for about €100 million, according to PropertyEU.
* Warburg-HIH Invest Real Estate agreed to purchase the River Garden 1 building in Prague via a share deal. The building has a gross lettable area of 19,000 square meters, with 1,300 square meters of patio space and about 2,000 square meters of retail area. Tenants include Automatic Data Processing, Monster Worldwide, Creditinfo, Unilever and Shoptet. LaSalle Investment Management sold the property, according to Europe Real Estate.
Middle East
* Sixty-eight real estate projects have been launched so far in 2019 in Dubai, reflecting a decline from 2018, which saw a total of 169 project launches, Arabian Business reported, citing statistics from Property Finder.
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