* GIC Pte. Ltd. acquired the 40-story PB6 office tower in Paris for an undisclosed consideration. The 60,000-square-meter property will be managed by BauMont Real Estate Capital, Singapore's sovereign wealth fund noted in a news release, adding that the building offers value-creation opportunities. The tower is fully leased by electric utility provider EDF.
While financial details of the transaction were not revealed, French reports cited by Mingtiandi valued the purchase deal with CNP Assurances SA at €530 million.
* Berlin Mayor Michael Mueller announced that the city's political parties have agreed on a deal to freeze rents in the German capital for five years, Bloomberg News reported. The agreement makes way for the legislature to approve the measures, which will be enforced from the first quarter of 2020.
Landlords will be allowed to impose inflation-related rent increases of 1.3% from 2022, and the legislation also allows small increases to cover renovation work. Rents in the city have doubled in the past decade owing to a property boom.
* Swedish property company Fabege AB's third-quarter net operating income rose 12.7% annually to 542 million kronor from 481 million kronor. Rental income amounted to 683 million kronor, compared to 627 million kronor in the third quarter of 2018.
* The European property market continues to be attractive to investors compared to other destinations despite slowing growth, Brexit uncertainty and ongoing trade wars, and the fact that the current market cycle has been ongoing for more than 10 years, according to JLL. David Rea, chief economist for EMEA at JLL, said real estate investors face higher uncertainty levels in the coming months with the risk of trade wars.
* A consortium led by Candy Ventures is in the early stages of considering a potential cash offer for the entire issued and to be issued share capital of Capital & Counties Properties PLC. Candy Ventures is an investment vehicle of property developer Nicholas Candy.
The (U.K.) Times reported that Candy is understood to have held early-stage talks with Saudi Arabia's Public Investment Fund to jointly acquire the London property company.
* Citing property website Rightmove, The (U.K.) Guardian reported that home prices in the U.K. marked the lowest increase for the month of October since the 2008 financial crisis. Asking prices in October have risen only 0.6%, compared to the average rise of 1.6% over the past 10 years. Certain parts of London have been seeing asking prices decline by as much as £15,000 or more in a month.
* Axa Investment Managers - Real Assets said it pre-leased 201,000 square feet at its Assembly Bristol project in Bristol to telecommunications company BT. The tenant will fully occupy the 11-story Building A in the mixed-use regeneration scheme with a 20-year lease. The building is expected to complete in 2020.
* Roebuck Asset Management bought the largest logistics facility in the Czech Republic on behalf of a South Korean institutional investor for an undisclosed price, Europe Real Estate reported. The 125,000-square-meter facility in Dobroviz, Prague, is fully let to Amazon.com Inc. until 2030.
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