This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
* Custodian REIT Plc, in separate deals, acquired a retail park in Burton upon Trent and a high-street retail property in Cardiff for respective sums of roughly £8.5 million and about £5.2 million.
The 51,956-square-foot retail park provides three units, which are leased until Sept. 28, 2028; Oct. 30, 2031; and Sept. 29, 2018, respectively. The units generate a total passing rent of £580,681 yearly, representing a net initial yield of 6.45%.
Meanwhile, the high-street retail asset in Cardiff offers two units, which are let to Sportswift Ltd. and Specsavers Optical Superstores Ltd., with leases expiring March 26, 2020, and June 23, 2023, respectively. The units produce an aggregate passing rent of £410,100 per annum, marking a net initial yield of 7.46%.
The company used its existing debt facilities to fund the deals.
* PATRIZIA Immobilien AG boosted its hotel portfolio to €700 million with the purchase of a new 174-room boutique Ruby hotel in central Munich from Art-Invest Real Estate. The eight-story, 5,200-square-meter Ruby Lilly Hotel was acquired on behalf of PATRIZIA's Hotel-Invest Deutschland fund and is leased to Ruby Hotels & Resorts for a 25-year term.
* CeGeREAL signed a lease agreement with IFP Energies nouvelles subsidiary Axens for an additional 2,900 square meters of space at the former's Hanami complex in Rueil-Malmaison. Axen already occupies 15,800 square meters of space at the asset, which offers 32,500 square meters of office space and is now fully let.
Apple store building in Paris on market for €700M
Report: Blackstone puts 2 Paris buildings on the block for €350M
Ediston in talks to buy £146M portfolio of retail warehouse parks
French fund acquires 60% stake in ENGIE's Belgian headquarters
Immofinanz in advanced talks with bidder for sale of Moscow retail portfolio
Anusha Iyer contributed to this report.