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Foncière des Régions considers putting €700M Paris asset on the block

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Foncière des Régions considers putting €700M Paris asset on the block

This feature rounds up recentproperty news from S&P Global Market Intelligence's covered companies and highlightslarger deal coverage already published.

UK

* UniteGroup Plc's Unite Students acquired a development site in Liverpool,which has planning consent in place for a 713-bed student accommodation scheme,according to a news release.The total development cost of the scheme is expected to be approximately £70 million.

* it purchased the Europa Housedevelopment in Portsmouth and committed to a forward funding arrangement with respectto the development.

The projectcomprises a 242-bed redevelopment to create a new student accommodation scheme thatwill have a total investment cost of £21.3 million. The project will be deliveredin summer 2017.

* it bought two convenience assetsin Matlock and Leicester and a development site in Ipswich. The total price of £16.2million reflects a net initial yield of 7.0%.

The companypurchased the Ipswich site spanning 3 acres from Tesco for £8.0 million, reflectingan anticipated yield of 7.7%. It plans to develop a new 30,000-square-foot retailpark at the site. LondonMetric acquired a 22,000-square-foot store in Matlock andan 18,000-square-foot development in Leicester.

BELGIUM

said it agreed to divestfour office buildings and a semi-industrial building in the Brussels periphery,for €27 million. SV Patrimonia subsidiary Own Premises Invest is the buyer.

The officeassets are the Brussels 7 in Strombeek-Bever, Park Station and Hermes Hills in Diegemand 3T Estate in Vilvoorde.

The semi-industrialbuilding, Berchem Technology Center, is in Sint-Agatha-Berchem. The total surfacearea of the properties is approximately 32,900 square meters of offices, 4,000 squaremeters of storage space, 2,500 square meters of archiving space and 770 parkingspaces.

SWEDEN

its 50/50 joint venture withAB Sagax, Söderport, sold the Kamelen 14 property in Malmö for 170 million Swedishkronor. Riksbyggen acquired the 13,500-square-meter office property.

FRANCE

it advanced its developmentplan for the Maeva.com distributionplatform by acquiring the La France du Nord au Sud. The acquisition will allow Maeva.comto expand its tourism product offering in France and Spain, which includes holidayrentals and hotels, among others.

The transactionwill allow Pierre & Vacances to grab a major share of the online holiday rentalsmarket in France and Spain.

ADDITIONAL COVERAGE

:Foncière des Régions is believed to be mulling the sale of a 41-story skyscraperin Paris, Bloomberg News reported, citing two people familiar with the matter. TheTour CB 21 office asset in the city's La Defense district is valued at around €700million, and FdR owns a 75% stake in the building.

: Green Property Group selected Blackstone as the lead bidderfor the roughly €1 billion sale of Blanchardstown Centre in Blanchardstown, Dublin,Bloomberg News reported, citing two people familiar with the situation.

: The company acquired the long leasehold of a student accommodationproperty in Manchester, U.K., for £29.5 million from MCR Group. It also nabbed RevcapAdvisors Ltd.'s 50% stake in their 50/50 joint venture.

: Thecompany announced a number of deals at its Ebbsfleet Garden City development inKent, U.K. It agreed to sell 539 residential plots at Castle Hill to Taylor Wimpey,and land at Eastern Quarry to Henley Camland.

: Emaar Hospitality Group is planning a number of new hotel andserviced residence projects at home in Dubai, in addition to Turkey, Bahrain, Egyptand Saudi Arabia.

:The Ascott Ltd. is investing £52 million in a 108-unit property in Islington, London,as part of its joint serviced-residence global fund with the Qatar Investment Authority.