* Unibail-Rodamco SE shareholders gave consent to the company's proposed takeover of Westfield Corp. in a US$15.68 billion deal. The takeover still awaits a vote from Westfield security holders May 24.
* AccorHotels' proposed takeover of Australian hospitality company Mantra Group Ltd. under a A$1.18 billion scheme received approval from majority of the latter company's shareholders. The planned merger is expected to become legally effective May 23 after an approval from the Federal Court of Australia.
* ANF Immobilier and Icade settled the terms of their proposed merger and signed the deal May 16. The boards of the two French real estate investment trusts finalized an exchange ratio for the merger at 3 Icade shares for 11 ANF Immobilier shares, or 0.273 Icade share per ANF Immobilier share. The deal is subject to shareholder approval of both companies and scheduled to close June 29, pending regulatory approval and other customary conditions.
* In a private deal, Carlyle Group LP purchased The Crosspoint flexible workspace building on London's Liverpool Street from Amsprop. The 41,000-square-foot, nine-story building will be rebranded to Uncommon Liverpool Street, with its opening expected in late 2018.
* Property Week reported that shared workspace provider LiveWork UK obtained US$115 million of funds for its expansion in London through buying land and developing several co-living projects.
* BYM Capital is converting British Sky Broadcasting's former headquarters in west London into a £98 million residential project after acquiring the site, PW reported. The development will comprise 271 housing units across the campus' four of five buildings.
* Developer Moda gained planning approval to deliver 515 homes in the first phase of Caddick Development's £300 million SOYO mixed-use development in Leeds, according to PW. The first phase, dubbed New York Square, will feature two 16-story residential buildings, a new public realm and 9,000 square feet of flexible workspace.
* The von Finck family from Germany paid approximately £56 million to buy a 14,757-square-foot retail and office asset in London's prime Mayfair district from Columbia Threadneedle, PW reported. The deal for the four-story block reflects a yield of about 3%, the publication added.
* Construction company ISG has won more than £40 million worth of contracts to develop two hotels in Edinburgh, Construction Enquirer reported. A former BHS store on Princes Street will be converted into a 137-bed Premier Inn hotel, while the Erskine House property on Queen Street is set to be transformed into a 280-unit cabin hotel for Starwood Capital and YOTEL.
* Mayor of London Sadiq Khan used his executive reach to take over the 2,900-home Beam Park Housing development in Dagenham, after the project's planning consent was declined by the Havering Council in March, PW reported. However, the Barking and Dagenham councils have given permission for the development, which also includes two schools on a former Ford car factory site.
Belgium and the Netherlands
* Vastned Retail Belgium adjusted Vastned Retail NV's €57.50-apiece bid for the remaining 34.51% shares it does not own in the Belgian company to €54.88 per share.
* On behalf of a special real estate fund, BNP Paribas Real Estate Investment Management bought the Room Mate Bruno hotel in Rotterdam, which is slated to open in the summer, Property Investor Europe reported. The hotel has a gross floor area of nearly 17,700 square meters with 217 rooms and is operated by Room Mate Hotels.
* German lender pbb Deutsche Pfandbriefbank loaned a €105 million financing facility to developer Wöhr + Bauer GmbH for the acquisition and development of a mixed-use project in Munich. Plans for the transformation of a former industrial site involve a 17-story office and retail building, and a connected six-floor property, with a total lettable area of 32,000 square meters.
* Hamburg-based investor redos Group bought the 13,900-square-meter OBI DIY store and garden center in Wiesbaden from Toni Immobilien. The asset was bought for the company's Redos Einzelhandel Germany II special fund for an undisclosed amount.
Other real estate news
* A unit of Rebosis Property Fund Ltd., Ascension Properties Ltd., signed an agreement to divest six office assets in Cape Town, South Africa, to Boxwood Property Investment Fund for 888.0 million rand. Rebosis will channel the sale proceeds toward lowering its existing debt.
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Rollen Catorce contributed to this report.
As of May 17, US$1 was equivalent to 12.57 South African rand.