This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
* Hines purchased the 354–358 Oxford St. prime asset above the Bond Street Underground station entrance in London on behalf of the Hines European Value Fund from Transport for London. Property Week reported on the deal, adding that the site changed hands for more than £40 million and will be transformed into a £70 million mixed-use development.
Hines plans to add retail space across the basement, ground and first floors, as well as 11 apartment units on the site, according to a release.
* LXI REIT PLC divested two Travelodge hotels in Haverhill and Ipswich to an institutional buyer for a sum of £12.6 million, marking a low exit yield of 5.0%.
The company also said it acquired two industrial properties under a leaseback deal for a total of £11.7 million. The deal reflects a 5.7% net initial yield and involves two purpose-built bus depots, totaling 93,000 square feet and 102,000 square feet, respectively.
Additionally, LXI agreed to provide about £12.2 million to forward-fund a 3.9-acre property in Evesham that will be anchored by an Aldi food store.
* Triple Point Social Housing REIT PLC closed its acquisition of seven supported housing properties and committed £14.4 million, excluding costs, to forward-fund a 70-unit supported housing project.
* German discount supermarket chain Lidl signed a 20-year full lease at Picton Property Income Ltd.'s 35,500-square-foot former Homebase unit at Parc Tawe North in Swansea. Lidl currently occupies 10,000 square feet at the park on a lease expiring in 2023.
* In its latest trading update, Real Estate Investors PLC said it paid £3.0 million to acquire The Quadrant freehold mixed-use property in Redditch in December 2018. The deal for the 39,065-square-foot asset reflected a net initial yield of 12.24%.
The company also signed contracts to sell Citygate House in Leicester for £2.6 million, reflecting a 40% premium on the office property's December 2017 book value.
Spain and Italy
* Carmila SA acquired the La Veronica shopping center in Malaga-Antequera, Spain, for €16.1 million, marking a net initial yield of 7.3%. The retail asset spans 12,000 square meters and comprises 57 commercial units.
The company also acquired six midsize stores and is buying two other similar lots in Spain for a total of €9.6 million, at an average net initial yield of 7.0%.
Carmila also sold, for €16.3 million, midsize store lots in Shopville Le Gru in Torino, Italy, to Klépierre, which owns the shopping center.
* The city of Paris, a local district council, Portuguese conglomerate Semapa and the University of Chicago chose Icade's Best of Both project for a nearly 9,500-square-meter mixed-use building complex that will house the university's new center in Paris. The complex will also offer 86 residential units and about 950 square meters of retail space, among other amenities.
Lendlease wins contract to revamp Manchester, UK, town hall
LondonMetric sells UK warehouse portfolio for £24M
Redside buys industrial park in Trenčín, Slovakia, for €90M
Joyce Guevarra contributed to this report.