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China's HNA to buy Carlson Hotels; Icade logs YOY rise in Q1 revenue

* Aunit of China's HNA Group Co. Ltd. agreedto buy Carlson Hotels Inc., which operates the international Radisson hotelbrand and approximately 51.3% of Brussels-based .

Thefinancial terms of the agreementbetween HNA Tourism Group Co. Ltd. and Carlson Hospitality Group Inc. were notdisclosed in the merger announcement.

BloombergNews reportedthat "people with knowledge of the matter" had said in March that asale could garner about $2 billion.

*Icade reporteda consolidated first-quarter revenue of €321.5 million, up 4.7% from €307million in the year-ago period.

Thecompany also said in its first quarter statement that it entered into exclusivetalks to sell its Icade Property Management business by the end of July.

*Blackstone Group LPis believed to have wonthe bid for Blanchardstown,Ireland's largest retail center in Blanchardstown, Dublin, with a €920 millionoffer, according to a reportfrom the Irish Independent.Blackstone will negotiate exclusively with the seller, Green Property, for themore than 1.2 million-square-foot asset.

BloombergNews also reportedon the news.

*Hispania Activos Inmobiliarios SAis planning to invest around €1.5 billion in hotels and offices and does notplan to grow its residential portfolio, PIEreported,citing the company's head of investor relations' interview in Spanishpublication El Español.

Thecompany's shareholders are expected to vote on a conversion to a SOCIMI in May,as reported earlier.

U.K. and Ireland

*CapitaLand Ltd.'s TheAscott Ltd. is investing£52 million in a 108-unit property in Islington, London, as part of its jointserviced-residence global fund with the Qatar Investment Authority.

Theproperty, to be named Citadines Islington London, is the former Royal Mail'ssorting office. The partners will restore the Edwardian building to offerserviced residences, which will be part of Sager Group and Cain Hoy Enterprises'Islington Square development.

*London's deputy mayor for planning has given the go-ahead for the £500 millionWest Ferry Printworksdevelopment in Canary Wharf, despite a last-minute effort by a sailingcenter to get the scheme rejected, PropertyWeek reported.

*The deputy mayor also gave the greenlight for Far East Consortium International Ltd.'s £500 millionAlpha Squareresidential scheme on the Isle of Dogs, as expected, PW reported.

*Societe Generale is seeking a buyer for its 170,401-square-foot eight-story SGHouse building at 41 Tower Hill in London in a sale and leaseback deal foraround £85 million, PW reported.The bank is expected to move to Canary Wharf in 2019, the report noted.

*According to a Savills director of residential research, London house pricingis showing "a weakening in the market which hasn't yet been picked up inthe house price indices," London's FinancialTimes reported.The report said it is unclear if the slowdownin price growth is due to Brexit uncertainty or a sign of a wider market turnafter higher buy-to-let taxes were imposed.

*London councils approved 64% fewer planning applications in the first quartercompared to the same period in 2015, The (U.K.)Guardian reported,citing an analysis by property firm Stirling Ackroyd. The report also chalkedup the slowdown to Brexit uncertainty and the stamp duty surcharge, as well asthe upcoming mayoral election.

*Network rail is looking to raise £1.8 billion primarily through the sale of itsproperty assets, PW reported.To this effect, it has set up Network Rail Property, chaired by a separateboard and managing director, to offload surplus land and approving investmentsin Network Rail's estate, the report said.

*The increase in foreign demand for British commercial property is at 5%, down from36% a year ago, in the wake of the upcoming Brexit referendum, Reuters reported,citing a survey from the Royal Institution of Chartered Surveyors. PW also reportedon the survey.

*Over in Ireland, London + Regional is looking to offload three office buildingsin Dublin for around €54 million, the IrishTimes reported.The properties comprise a total of 8,699 square feet of floor area, with morethan half of it vacant. The report said expected bidders for the sale includeHibernia REIT Plc,which bought the nearby MarineHouse.

*Around €15.8 billion worth of commercial and residential property transactionstook place in Ireland in 2015, reflecting a 6% increase from 2014, the Irish Times reported,citing research from DTZ Sherry FitzGerald.


*Real I.S. snapped up the 17,330-square-meter Europe Plaza office project inStuttgart from developer FAY for a price estimated by local market participantsat around €85 million, Property InvestorEurope reported.The 80% pre-leased asset is expected to complete in the second quarter of 2017.

*Aberdeen Asset Management is launching a residential and retail focused GermanUrbanisation Property Fund with a target of €1.5 billion, IPE Real Estate reported.The fund has raised an initial €150 million, and will target residential andmixed-use projects, the report said.

*Office investments in Germany decreased 7% in the first quarter to reach €4billion, PIE reported,citing CBRE. The reported noted that a lack of supply is leading investors to Blocations or project developments.

*German house price growth was at 5.39% in the year ended in March, but haltedafter a 0.86% monthly increase in February, PIEreported,citing the Europace EPX index that is based on property financing transactionson the Europace platform.


*Gecina CEO PhilippeDepoux toldPIE in an interview that the companyis well on its way to becoming a "pure player" in the Paris officesector. The company will focus on repositioning its existing assets instead ofnew developments. The CEO also welcomed the Grand Paris Express project as "probably the bestthing that can happen to Gecina."


*Madrid-based realtor Aguirre Newman is placing a 32-asset high street retailportfolio located across Spain on the market for around €80 million, PIE reported,citing Spanish newspaper El Confidencial.

Middle East

*The (U.K.) Telegraph reportedthat the first flats in EmaarProperties PJSC's 600-acre DubaiCreek Harbour scheme will be marketed in London this summer. Thedevelopment will also house what is slated to be the world's tallest .

*Home prices in Dubai are expected to slip 10% in 2016, after a 13% average dropin 2015, Bloomberg News reported,citing Standard & Poor's.

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The Daily Dose Europe, RealEstate edition, is updated as of 6:30 a.m. London time. Some links require asubscription. Articles and links are correct as of publication time.