This feature rounds up recent property news from S&P Global Market Intelligence's covered companies and highlights larger deal coverage already published.
Norway
* Citycon Oyj agreed to divest a shopping center in Stord to an affiliate of Midgard Gruppen AS for a gross asset value of about €24 million. The deal is slated to close in the second quarter, the seller said in a release.
UK
* M7 Real Estate paid roughly £8.1 million to acquire the Graeme House office property in Liverpool from Downing at a net initial yield of 13.5%. The asset, which comprises 87,002 square feet of office space, was bought on behalf of the M7 Real Estate Investment Partners III fund, according to a release.
Lithuania
* Baltic Horizon Fund closed the purchase of a 0.87 hectares of land across three plots in Vilnius for approximately €1.7 million. The plots are next to the company's Domus Pro complex and will be used for the expansion of the asset.
Middle East
* Equitativa, on behalf of Emirates REIT (CEIC) Ltd., signed a leaseback deal to purchase Lycée Français Jean Mermoz's school in Al Quoz, Dubai, for 75 million United Arab Emirates dirhams. The asset will be leased back to the school operator for a 27-year term.
Additional coverage
Parties extend exclusivity period for London's £1.61B Battersea phase 2
CapitaLand Commercial to enter Europe with €356M Frankfurt buy
InterContinental Hotels takes its brand to Bulgaria
Watkin Jones obtains £68.5M funding to build 315-apartment scheme in UK
NH Hotel, Apple Leisure JV to enter European market with 4 Spanish resorts
Amisha Mehta contributed to this report.
As of May 17, US$1 was equivalent to 3.67 United Arab Emirates dirhams.
