* Grainger Plcand APG have convertedtheir private-rented-sector investment vehicle into a REIT named GRIP REIT PLC.It is said to be the biggest residential REIT in the U.K. with over £600million of initial assets.
* The City of London Corp. said that the planning decision for ArolandHoldings' proposal tobuild the City's tallest tower will be postponed to at least September from theexpected week of July 25, the LondonEvening Standard reported.
* Prologis Inc.Chairman and CEO Hamid Moghadam downplayedthe impact that Britain's planned exit from the European Union has had on thecompany's business to-date and dismissed the event as a long-term negative forthe company's U.K. and EU operations.
* UBS Asset Management (Italia) SGR SpA's Global Real Estate won a €300million mandate to invest in core Eurozone offices. The fund from Italiancompany Poste Vita SpA can be extended to up to €500 million, according to anews release.
Germany-based AdlerReal Estate AG is lookingto get a bigger slice of Austrian group conwert Immobilien Invest SE, as its subsidiary securedan option to buy up to 6 million conwert shares, which could bring its stake inits peer to up to 28.7%.
* Foncière de Paris shareholder Covéa again voiced its support forEurosic's offer forFdP, despite a higheroffer from Gecina, Property Investor Europe reported.
The shareholder and two others were named in a complaint filed withfinancial regulator AMF for a probe to see if the shareholders are working inconcert with Eurosic.
* Mitiska REIM raised €190 million of equity commitments for anoversubscribed retail fund, PIE reported.For the second closing of the FRI 2 retail fund, the fund manager targeted toraise up to €150 million.
* An apartment at the Admiralty Arch in London is set to become the mostexpensive unit ever put on the market with an estimated £150 million askingprice, The (U.K.) Telegraph reported.The Admiralty Arch property, which is being converted into a luxury hotel, will also have 12apartments.
* According to Molior London data seenby Bloomberg News, second-quarter sales of homes under construction in Londondecreased 34% to about 4,600 from the year-ago period.
Knight Frank LLP head of London residential researchtold Bloomberg that Brexit had added to market uncertainty on the sector, whichwas mainly due to a tax increase in December 2014.
* The National Housing Federation CEO David Orr was quoted by Property Week as sayingthat housebuilding in the U.K. "may be set for a slowdown" but thedemand for high-quality rented homes is still high.
* Meanwhile, data from the Office for National Statistics gathered byLondon's Financial Times saidthat the growth of average home prices in the U.K. remained "strong"at 8.1% in the year to May.
The (U.K.) Guardian also reportedon the data.
* Starwood Hotels &Resorts Worldwide Inc. will open its first W Hotels brand propertyin Scotland in 2021, according to a newsrelease. The hotel will stand 12 stories tall and offer 214 rooms.
The hotel will be part of TH Real Estate's Edinburgh St Jamesscheme.
* CoStar U.K. reportedthat around 565,000 square feet of predominantly office space have been signedsince the EU Referendum.
* The Irish government will ask the country's €7.9 billion sovereignwealth fund to assist in the delivery of 47,000 new homes through "competitive"financing arrangements for housing-related infrastructure developments, accordingto IPE Real Estate.
Starwood Capital Group and Vencom agreed to sell sixretail parks and shopping gallerias in Sweden for approximately 3.1 billionSwedish kronor. According to a newsrelease, the properties were sold to Trophi Fastighets AB.
German asset manager KanAm sold a shopping center inRiga to Eften for €74.5 million, PIE reported,citing a company statement. The Domina Shopping Centre offers 40,000 squaremeters of retail and 5,000 square meters of office spaces.
JLL forecasts that the business services sector willneed roughly 250,000 square meters of new office space annually, as theindustry grows in the country, EuropeReal Estate reported.
* Emaar Properties PJSCand Dubai Holding are reviving a stalled project to build a tourism-focusedscheme in Dubai, Arabian Business reported,citing a local media's interview with Dubai Holding CEO Fadel Al Ali. Thescheme is estimated to cost around 100 billion United Arab Emirates dirhams andwas first announced in 2007.
* The Dubai Land Department's Transactions Report shows that first-half2016 property transaction values in Dubai reached 113 billion dirhams, a 16%decline from a year ago, Arabian Businessreported,citing the government data.
* STR data showed that only Makkah and Medina in SaudiArabia posted increases in RevPAR during the Ramadan holiday among major hotelmarkets in the Middle East.
Nowfeatured on S&P Global Market Intelligence
Hiresand Fires: European, Asian real estate moves through July 19:S&P Global Market Intelligence presents a weekly rundown of recentsignificant management and board changes and personnel moves in the Europeanand Asia-Pacific real estate industries.
Canada-EUtrade deal heads for uncharted waters: Canadian and Europeanleaders have expressed confidence that a far-reaching trade deal will get doneas it heads into the final ratification process. However, the deal is fraughtwith unresolved issues that threaten to scuttle it entirely or bog it down in ajurisdictional quagmire for years to come.
TheDaily Dose Europe, Real Estate edition, is updated as of 6:30 am London time.Some links require a subscription. Articles and links are correct as ofpublication time.