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Blackstone weighs bid for IQ Student; Antirion buys Thales German HQ for €244.5M

* Buyout giant The Blackstone Group Inc. is considering making a bid for IQ Student Accommodation in advance of a deadline later in December, Sky News reported, citing City of London sources. Brookfield Asset Management Inc. and Greystar Real Estate Partners LLC are also weighing offers for the student housing group, which could be worth approximately £4 billion, Bloomberg News reported, citing people familiar with the matter.

* Asset manager Antirion SGR on behalf of an Italian pension fund bought the German headquarters of Thales Group in Stuttgart for €244.5 million, PropertyEU reported. Antirion secured a €147 million five-year loan from DekaBank to partially finance the transaction.

UK and Ireland

* Grainger PLC agreed to forward fund and acquire 307 build-to-rent homes in Cardiff, U.K., for approximately £57 million. The project in Capital Quarter will also consist of amenities such as a rooftop lounge and terrace. IM Properties PLC will develop the scheme, while Winvic Construction Ltd. is the contractor.

* The Oxford Science Park Ltd. secured planning permission from Oxford, U.K., city council's East Area Planning Committee to develop two office/laboratory buildings on its Plot 16. The buildings will span 168,000 square feet and feature a central raised plaza, wider landscaping and accessibility enhancements. Construction is expected to start in the autumn of 2020, while the practical completion of the first building should be in early 2022.

* E-commerce fulfillment company James & James is under offer to occupy an entire logistics project in Northampton, U.K., Property Week reported. The company was reported to have agreed to rent the Liberty 196 speculative property developed and owned by Equation Properties and Liberty Property Trust for around £6.75 per square foot. The property on Brackmills Industrial Estate spans 196,000 square feet.

* Kennedy-Wilson Holdings Inc. secured the approval from An Bord Pleanála to build upscale residential blocks in Dublin, according to The Irish Times. The company will develop 232 luxury apartments in blocks of up to eight levels in the suburban area of Stillorgan, according to the report.

* Marlet Property Group Ltd. received planning permission to add 10 additional floors comprising 54 build-to-rent apartments to its 11-story office block development at the site of the former Apollo House in Dublin, The Irish Times reported.

Germany and Poland

* Greenman Investments Ltd.'s OPEN fund agreed to buy five retail properties in North-East Germany for €112 million, IPE Real Assets reported. The portfolio, anchored by Kaufland, has a total lettable area of 71,400 square meters.

* Patrizia AG acquired on behalf of its Patrizia Pflege Invest Deutschland I fund a mixed-use property in Hamburg, Germany, from AVW Immobilien AG. The property in Rothenburgsort spans 16,000 square meters and consists of a 78-bed nursing home, 42 assisted living units, 51 residential units, several doctor's practices, a kindergarten, an outpatient care facility, as well as retail space and minor office entities. Its principal tenant is healthcare service provider Doreafamilie, which operates the facility on a new 20-year lease.

* Noratis AG is acquiring 165 apartments in the town of Neuruppin in Brandenburg, Germany. The apartments are spread across 29 residential buildings with a total rental area of about 13,200 square meters.

* CPI Property Group SA unit CPI FIM SA acquired the 32-story Warsaw Financial Center in the Polish capital. The LEED gold certified office building spans 50,000 square meters of grade A space and is let to tenants such as Google, Bloomberg and Kompania Piwowarska. The building's occupancy is 99%.

Sweden and Finland

* Stockholm-based Hemfosa Fastigheter AB bought 11 healthcare properties in Finland and two assets in Sweden for roughly 650 million Swedish kronor. The Finnish assets in Helsinki, Turku, Tempere and Oulu have a total leasable area of roughly 20,900 square meters and are fully occupied by a healthcare company. Meanwhile, the properties in Borås, Sweden, have a total leasable area of just over 8,000 square meters and are occupied by the Municipality of Borås for education and office purposes.


* Union Investment sold an office complex in Bois-Colombes near Paris for an undisclosed amount, according to REP Europe Real Estate. The building A, which spans around 30,000 square meters, was acquired by a fund advised by JP Morgan Asset Management, while the 8,000-square-meter building B was bought by La Française Real Estate Managers on behalf of SCPIs Epargne Foncière and LF Grand Paris Patrimoine, according to the report.


* Idom SA is in talks to sell two buildings in Madrid and Bilbao through sale-and-leaseback structures valued at about €90 million, according to PropertyEU.


* German firm GLL Real Estate Partners GmbH acquired an office building in Piazza Firenze in Milan to mark its entry into the Italian property market, PropertyEU reported.


* Egypt has sold about half of the land allotted for the first phase of its project to develop a new capital east of Cairo, Reuters reported. Magdy Amin, head of the real estate sector of Administrative Capital for Urban Development, the company building the as-yet unnamed city, said 17,500 feddans have been sold so far out of the 40,000 feddans (168 square kilometers) earmarked for the first phase, according to the report.

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