This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
* Heating and air conditioning systems manufacturer Meier Tobler Group AG sold a property in Nebikon to an undisclosed buyer at a price tag of CHF45 million, Reuters reported.
* Aviva Investors paid roughly £38 million to buy the Aurora office building in the London borough of Ealing from Moorfield Real Estate Fund III, Property Week reported. The asset contains 51,791 square feet of office space and 77 parking spaces.
* Dubai-based SRG Holding Ltd. spent £16.8 million to acquire an office block at 202 Hammersmith Road from Aberdeen Standard Investments, the Evening Standard reported, citing Jonathan O'Regan, director in the Central London investment team at Savills, which advised the seller on the deal.
The 14,746-square-foot property serves as Victoria Beckham's fashion headquarters since 2017.
* Helical PLC signed an agreement to sell its 31 Booth St. office building in Manchester to the Mayfair Capital-managed Property Income Trust for Charities fund for £11.9 million or £479 per square foot, representing a 5% net initial yield.
The 100%-let asset features 24,902 square feet of modern office space across seven floors following a complete renovation. Helical bought the property in January 2016.
* A unit of Inland Homes PLC paid a cash consideration of £1.1 million to buy KCR (Cygnet) Ltd., a wholly owned subsidiary of KCR Residential REIT PLC, and associated debt facility. Inland sold Cygnet to KCR on June 29. Cygnet, which owns two long leases on supermarket sites in southeast England, was worth £1.5 million net of debt in KCR's financial statements as of June 30.
KCR will use proceeds from the sale, subject to adjustment upon finalization of the completion accounts, to reduce its indebtedness.
* Urban Logistics REIT PLC signed on Into the Light Enterprises Ltd. as the sole tenant at its 183,883-square-foot warehouse at Hudson Road in Bedford, which it acquired without any tenants Dec. 5. The storage facilities provider will lease the property for a 15-year term.
* A joint venture of developer W2 Development GmbH and investment specialist Competo Capital Partners GmbH sold the Airfield Office project in the Konrad-Zuse-Straße in Böblingen in a forward commitment with Real I.S. AG. The buyer spent an undisclosed sum to purchase the 11,400-square-meter office complex for its Real I.S. Regionalfonds Süddeutschland fund for institutional customers. The five-story asset is expected to be completed in the first quarter of 2019.
* Real estate investment manager Patrizia Immobilien AG said it sold an 8,000-square-meter office building in Parkstadt Schwabing in Munich, on behalf of one of its single investor funds, for an undisclosed price. Quantum Immobilien KVG acquired the property that is fully let for the next 10 years, according to a release.
The building was built and acquired by Patrizia in 2008.
£2B Elephant & Castle development plan gets green from London Mayor
Brookfield unit to get £367.5M mortgage-backed security facility for £600M asset
Developer trims size of United Arab Emirates project amid property market crunch
Almacantar closes £267M sale of London property
Godewind Immobilien to acquire 2 German office properties for €205M