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* According to real estate firm Savills PLC, London-based industrial assets and regional offices are likely to hold up best in a no-deal Brexit scenario, with the city's industrial property suggested to post the strongest rental growth at 1.1% under such event, IPE Real Assets reported. Offices outside the British capital and the southeast of England are estimated to post 1% rental growth in 2020 under a no-deal scenario, while other sectors are expected to show negative or minimal capital growth over the next five years, according to the report.
* Germany-based asset manager Wealthcore acquired the Reflector building in Dublin, which attracted interest from a number of international investors, the Irish Independent reported. The asset was placed on the market earlier in 2019 for €155 million.
* Castellum AB was included in the global Dow Jones Sustainability Index for the fourth consecutive year, making it the only Nordic real estate company and one of six Swedish companies to qualify for the index, according to a release.
UK and Ireland
* Legal & General Group PLC's LGIM Real Assets and Mitsubishi Estate London launched 245 Hammersmith Road, a new 242,000-square-foot, 11-floor office building in London, Europe Real Estate reported. Legal & General already agreed to lease the first and second floors of the building, comprising 28,000 square feet, to CBRE Group Inc.'s flexible space provider unit Hana.
* According to IPE Real Assets, alternative real estate manager Newcore Capital Management raised £150 million for its fourth U.K. social infrastructure, storage and accommodation fund, which aims to provide an annual 14% to 16% net internal rate of return to investors. The Newcore Strategic Situations IV fund secured equity commitments from Merseyside Pension Fund, as well as other institutional investors and its existing family office client base, the publication said.
* U.S.-based asset manager BlackRock Inc. is on track to open a hostel in Dublin amid plans to establish a pan-European hospitality portfolio, the Irish Independent reported.
* Cassidy Group has submitted plans for a 703-bed student scheme on Deakins Place Road in Nottingham, U.K., TheBusinessDesk.com reported. The development near the University of Nottingham's Jubilee campus will feature cluster bedrooms and studios, alongside amenities such as study areas, open plan living space, a cinema, a gym and a cycle store.
Cassidy wants to complete the development in time for the August 2021 academic year, according to the report.
Spain and Sweden
* BNP Paribas SA' BNP Paribas REIM purchased an office park in Madrid from DWS for roughly €63 million, PropertyEU reported.
* Klövern AB (publ) sold seven warehouse/logistics properties in Sweden to funds managed by Blackstone Group Inc. for 622 million kronor. The properties, spread across Örebro, Kalmar, Halmstad, Linköping and Västerås, have about 94,000 square meters of combined rentable space. The transaction is set to close Oct. 15.
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CEO of Spain's largest listed landlord slams ECB interest rate policy: The European Central Bank's policy of keeping interest rates close to zero is economically unsound and will damage eurozone economies in the long term, according to the CEO of Spain's largest listed landlord.
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