* Nordic Real Estate Partners' NREP Nordic Strategies Fund III reached its hard cap of €900 million at a final closing. The fund was reportedly more than 2x oversubscribed, drawing investment interest of up to €2.3 billion.
* Gazit Globe Ltd. affiliate MGN America 2016 LLC sold 2,150,113 shares of Regency Centers Corp. for approximately US$121 million after the Tel Aviv-listed company itself reduced stake in the shopping center landlord in March.
UK
* M&G Real Estate acquired a portfolio of five U.K. distribution buildings from Mountpark Logistics EU Sarl for £94 million in an off-market deal.
The buildings span 666,484 square feet and are in three industrial parks: Mountpark Wakefield, Mountpark Bardon and Mountpark Southampton.
* Investec Structured Property Finance loaned a £72 million facility to LabTech Group to finance a 140,000-square-foot residential and co-working development at King's Cross in London, IPE Real Estate reported. Work on the project has already commenced, with practical completion slated for 2020.
* Developer Ion obtained consent for the 50,000-square-foot i9 office development project in Wolverhampton and revealed plans for a £70 million football facility for women on a 60-acre site in Northwich, Property Week reported. The facility, which the company will develop in a partnership with the Cheshire Football Association, will also include a 150-bed hotel, the publication noted.
* Allied London secured approval for its revised plans for the transformation and expansion of the Granada House building in Manchester, Construction Enquirer reported. The property is set to be redeveloped into a larger hotel than the initially planned 210-bed project.
* Real estate asset and investment manager APAM bought the Acero office building inside the Sheffield Digital Campus in Sheffield for £26.6 million on behalf of its client, Britannia Invest A/S. The prime building comprises over 80,000 square feet of space across six levels, the company said in a release.
* A joint venture between Fruition Properties and Savills Investment Management gained planning permission for the development of a mixed-use project on a 0.35-acre former print works site in Bermondsey, according to PW. Plans for the project include 55 apartments and 20,000 square feet of office space, the report added.
* Artisan Real Estate has partnered with Dalata Hotel Group PLC to convert the vacant Natwest Court building in Bristol into a 250-bedroom hotel, subject to planning permission from Bristol City Council, CoStar U.K. reported. Dalata will operate the hotel on a 35-year lease upon its completion.
* Non-profit organization Unicef UK will move into its new headquarters at International Quarter London in Stratford after signing a lease deal with Lendlease Corp. Ltd. and London and Continental Railways for 25,000 square feet of space in the 1 Westfield Avenue building, PW reported.
* Capital & Centric signed a purchase agreement with Sheffield City Council for the Eyewitness Works building, which it plans to transform into a £25 million residential scheme, PW reported. The developer is seeking approval for the construction of 100 loft apartments and townhouses, and leisure space on the site, the publication added.
Belgium and the Netherlands
* Aedifica SA is transferring its apartment buildings business into a new subsidiary as part of its strategy to become a pure-play healthcare real estate. The company plans to sell up to 75% of the new unit's capital to an unnamed strategic partner for an undisclosed sum.
* AEW spent €33 million to purchase of the Europastaete office complex in Utrecht, Netherlands, from Kildare Partners for one of its funds. The asset features two adjacent office buildings fully leased to Rabobank and encompassing over 16,000 square meters of space, according to a release.
Middle East
* New residency rules in the United Arab Emirates, that allow full foreign ownership in companies and long-term visas to investors, are expected to boost the country's real estate sector, Arabian Business reported, citing experts. The move is also expected to create demand from local buyers for residential and commercial properties, the report added.
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Anusha Iyer contributed to this report.
