* Deutsche Wohnen SE's funds from operations I for the first half reached €248.5 million, up 12.5% from €220.8 million in the year-earlier period.
Additionally, the company entered an agreement to purchase 30 nursing properties in Germany for about €680 million.
* Emaar Properties PJSC said its net profit for the first half climbed 17.9% year over year to 3.34 billion United Arab Emirates dirhams from 2.84 billion dirhams. After considering the effect of the IPO of its Emaar Development PJSC unit, the Dubai-based company's net profit for the period rose to 2.98 billion dirhams from the year before.
* Cording Real Estate Group Ltd. set up the £400 million open-ended Cording UK Residential Investment Fund to invest in the U.K.'s private rented sector. The investment vehicle secured £100 million of equity commitments from German institutional investors and expects an additional £150 million from institutional investors from continental Europe.
UK and Ireland
* InterContinental Hotels Group PLC launched a euro medium-term note program of up to £2.00 billion, under which it may issue notes that will be unconditionally and irrevocably guaranteed by Six Continents Ltd. and InterContinental Hotels Ltd.
* NatWest loaned a £36.7 million finance package to a JP Morgan Asset Management-advised fund to finance the development of a 68,425-square-foot prime office building and 275 parking spaces at Foundation Park in Maidenhead, U.K., Property Week reported.
The package comprises a £10 million speculative development real estate loan and a £26.7 million refinancing of an existing commercial loan.
* Home improvement retailer Homebase is set to shutter 42 of its 241 stores in the U.K. and Ireland by early 2019 under a company voluntary agreement, Bloomberg News reported.
* Development firm Montreaux intends to transform the 1 million-square-foot former Maypole factory site in Southall, southeast London, into more than 2,000 new homes, PW reported. The project will also feature a one-acre green park, as well as office, retail and leisure spaces, according to the publication.
* Industrial real estate developer Chancerygate plans to build a 13-unit, 120,500-square-foot warehousing project on the 5.4-acre Edgington Way site it acquired from Tesco PLC in Sidcup, U.K.
* PW reported that London Mayor Sadiq Khan has assumed the role of the local planning authority for the Charlton Riverside Development after the Greenwich Council rejected Rockwell's plans for the project. According to the mayor, the planned development, which would have included 771 homes and five 10-story buildings, will contribute to the affordable housing supply in the London borough, the report added.
* Miro Hotel 2 Ltd. is seeking planning permission from the Dublin City Council for a €35 million project involving a new 117-room hotel and the redevelopment of the Royal Irish Automobile Club's private members' club in the Irish capital, the Irish Independent reported.
Sweden
* Hemfosa Fastigheter AB intends to amend terms and conditions of two series of bonds, totaling 500 million kronor, to permit it to distribute shares in its Nyfosa AB subsidiary for the fourth quarter to holders of Hemfosa's ordinary shares. Holders of the bonds as of Aug. 20 will vote on the amendment on or before Sept. 6.
Other real estate news
* Vukile Property Fund Ltd. fully redeemed 140.0 million rand worth of 7.6% domestic medium-term notes under a 5.00 billion-rand program from 2012.
* Investment in the European hotel sector rose 5.8% year over year to €21 billion in the 12 months to the second quarter, on the back of strong activity in the British, German and Dutch hotel markets, Property Investor Europe reported, citing CBRE.
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Celestyn Wong contributed to this report.