* The German unit of Aberdeen Asset Management is looking to create a European residential fund by 2016-end, which is expected to have an investment volume of up to €2 billion, Property Investor Europe reported, citing local media. The Luxembourg Sicav-Fis vehicle fund will focus on the acquisition of new residential projects.
* Capital & Regional Plc appointed Guillaume Poitrinal as a nonexecutive director, effective Nov. 1. Guillaume served as Unibail-Rodamco SE CEO from 2005 to 2013. Meanwhile, Executive Director Mark Bourgeois is leaving Capital & Regional and the company will confirm his departure date in due course.
UK and Ireland
* Great Portland Estates Plc named Nick Hampton as a nonexecutive director and chairman of the audit committee, effective Oct. 17.
* Retirement Villages Group Ltd. is undertaking a more than £200 million investment program, its largest development program in its 35-year history, Property Week reported. The development will deliver 500 new residential units and 160 care beds in the south east of England.
* Mountpark Logistics received the go-ahead for Mountpark Southampton, a logistics project in Southampton, U.K., PW reported. The roughly 366,000-square-foot development will be developed in a joint venture with USAA Realco.
* Highbridge Properties is set to begin construction on a 27-acre office complex next to River Clyde in Glasgow, U.K., Construction Enquirer reported. The Magenta development, the largest office development with planning consent in Scotland, will include shops, cafes, a gym and a business center.
* U.K. housing values recovered from a two-month slump post Brexit as it increased by 0.1% in September compared to August, Halifax found. Home prices in the third quarter, meanwhile, were 5.8% higher than in the same period in 2015, according to its House Price Index.
* London's luxury rental sector is recovering following the shock of Brexit, as the number of central London tenancies signed in the £500 to £5,000 per-week range grew 12% in August from the previous month, the London Evening Standard reported, citing Knight Frank.
* Shopping center investment in the U.K. in the third quarter dropped by 90% year over year to around £118 million, PW reported, citing Cushman & Wakefield. Political and financial volatility after the Brexit referendum affected the sector, according to Cushman & Wakefield head of U.K. shopping center investment, Barry O'Donnell.
* Over in Ireland, a total of 75 development-land transactions worth approximately €640 million were completed in the year until Sept. 30, according to a CBRE Ireland report. In the third quarter, 22 land sales were completed for a total of more than €151 million.
* Garbe Industrial Real Estate disposed a €450 million logistics portfolio to Growth Industrial Asset Net-Income Trust, PIE reported. Garbe will continue to act as the investment and asset manager of the portfolio, the report noted.
* The third-quarter office take-up in Germany's top eight cities hit a new record by increasing nearly 12% year over year amid a "strong" demand in the sector, PIE reported, citing BNP Paribas Real Estate. Take-up across Germany was almost 6% above the previous record in 2008 and 18% higher than the 10-year average, according to the report.
Benson Elliot is on the verge of acquiring Hotel Silken in Barcelona for €80 million, PIE reported, citing local media. Bank of America Merrill Lynch is selling the 240-room hotel. The pan-European investment manager in June raised €625 million for its Benson Elliot Real Estate Partners IV fund.
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The Daily Dose Europe, Real Estate edition, is updated as of 6:30 a.m. London time. Some links require a subscription. Articles and links are correct as of publication time.