This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
* UK Commercial Property Trust Ltd. completed the off-market sale of 13 Great Marlborough St. in London's Soho district for £30.5 million. The deal for the approximately 23,000-square-foot asset reflected a net initial yield of 3.3%.
* Real Estate Investors Plc completed the £2.7 million sale of the Latitude retail investment property in Birmingham to L & C Investments Ltd., with the sale aid to be in excess of the asset's book value.
* Redefine International Plc off-loaded the 201 Deansgate property in Manchester for £29.2 million, at a net initial yield of 3.6% and a 14.3% premium. The asset offers 7,776 square meters of office space and generates £1.1 million in annual rents.
* Atlantic Leaf Properties Ltd. wrapped up the acquisition of 100% of the issued share capital of the SPCP Group III LOPD 14 property company, which owns an office property in the Peterborough Business Park in the East Midlands. The 177,621-square-foot office asset was acquired from SPCP Group III LLC.
* IMMOFINANZ AG sold the Friesenquartier and the second section of Gerling Quartier in Cologne as part of its portfolio optimization strategy, with the transaction expected to be concluded within the first quarter of this year. The buyer, a joint venture between Quantum Immobilien AG and PROXIMUS REAL ESTATE AG, is already in talks with Immofinanz to buy additional assets.
* Hamborner REIT AG signed a purchase agreement for a commercial center in Berlin's Marzahn-Hellersdorf district. The 6,500-square-meter asset generates an annual rental income of €900,000, with a gross initial yield of 5.3%. The transfer of possession is scheduled for the end of the first quarter.
* Sirius Real Estate Ltd. acquired Krefeld Business Park and an office building in Dreieich for a total consideration of €7.5 million, including acquisition costs. The 6,335-square-meter business park offers office and warehouse space and generates €400,000 in annual income from a sole tenant.
* Castellum AB will purchase the 23,000-square-meter Torsplan 2 asset in Stockholm, which includes 18,800 square meters of office space, the company said in a release. Stockholm County Health Care Services is the primary tenant of the newly constructed building.
Castellum is also planning on purchasing the Sabbatsberg 24 office building in Stockholm for approximately 800 million Swedish kronor. The purchase rests on the approval of the Stockholm City Council who will convene in a meeting March 20.
* Wallenstam AB was chosen as the anchor developer for the Barkarbystaden IV project in Järfälla Municipality. The zoning plans for the scheme include about 6,000 apartments and a school.
* Axiare Patrimonio concluded the purchase of the 17,032-square-meter Cedro Building in Madrid for €43.5 million. The office building is almost entirely let to Capgemini, an international consultancy firm.
* Schroder European Real Estate Investment Trust Plc acquired an office property in Saint Cloud, located in Paris' Ile de France region, for approximately €30 million. The approximately 15,800-square-meter office building is fully let to 12 tenants.
* Inovalis Real Estate Investment Trust sold a 12% interest in the Baldi property in Paris' Saint Ouen for €2.7 million. The 31,591-square-foot industrial part of the asset is being sold to the tenant occupying the space.
* Secure Property Development & Investment Plc closed the sale of the Terminal Brovary warehouse in Kiev, Ukraine, to Temania Enterprises Ltd. for more than US$16 million, as part of its plans to limit its investments in Ukraine, and concentrate on other countries like Romania, Bulgaria and Greece.
* Plaza Centers NV sold the 20,000-square-meter Suwalki Plaza shopping and entertainment complex in Poland to an investment fund for €42.3 million. The company plans to redistribute at least 75% of the sale proceeds to its bondholders by March 31.
* Orbis SA shareholder AccorHotels will exercise its buy-out option right over the Sofitel Budapest Chain Bridge hotel in Budapest's Széchenyi István tér area in Hungary, for approximately €44 million, on May 31. Accor-Pannonia Hotels Zrt. will exercise the option, and sellers of the hotel are HVB Leasing Maestoso Ingatlanhasznosito Kft and Universale International Realitäten GmbH.
City Developments plans £222M residential project in London: City Developments Ltd. intends to develop the project at the freehold Ransomes Wharf site in Battersea, London.
Hibernia enters partnership for co-working space business: Hibernia will provide the property for the co-working space while Iconic Office will be responsible for business operations at the Clanwilliam Court location in Dublin.
InterContinental opens 1st hotel in Laos: The Crowne Plaza Vientiane is the first internationally branded upscale hotel in Laos, the company said.
Report: Unibail-Rodamco's €630M Paris scheme receives green light: The head of a public inquiry issued a positive opinion without any objections to the substance of the project in Paris' La Défense district, Property Investor Europe reported, citing Le Parisien.
PATRIZIA buys French, German logistics assets for €130M: PATRIZIA's Logistik-Invest Europe I fund purchased four logistics assets in Germany and three in France.
Intu confirms reports of Madrid shopping center acquisition: The sale of the Xanadu shopping center could fetch the highest price ever paid for a retail asset in Spain, according to a report.
C C Land units to buy London property for £290M: Two of its subsidiaries signed an agreement to acquire the freehold and leasehold interests in the 1 Kingdom St. office building in London.