* Vonovia SE said its group funds from operations for the first half came to €1.12 per share, an increase of 7.7% from €1.04 per share in the prior-year period.
* Cushman & Wakefield PLC disclosed second-quarter net income of $6.3 million, compared to the year-ago net loss of $33.5 million. EPS attributable to common shareholders totaled 3 cents, compared to the year-ago loss of 23 cents.
The company said the improvement was driven largely by stronger operating results, lower integration costs and lower interest expense.
UK
* Riverstone Living acquired a retirement scheme in Kensington, London, through a forward-funding deal, Property Week reported. The two-building scheme at Royal Warwick Square has a gross development value of £300 million. The two buildings will have a total of 190 retirement homes.
* Palace Capital PLC joined the UK REIT regime Aug. 1 after its shares were admitted to trading on the London Stock Exchange's main market back in March.
The company also leased 23,500 square feet to Gravity Fitness (Northampton) Ltd. at its Sol Northampton leisure scheme in Northampton. The 15-year lease accounts for 53% of the scheme's vacant space.
* Oxford Properties Group and Brockton Capital leased 91,000 square feet at The Post Building in Holborn, London, to Nationwide for its new digital and technology and innovation center, PW reported.
* The Collective and Hurlington received approval for plans to develop two residential-led mixed-use projects totaling 462 co-living units in Harrow and Hackney Wick in London, PW reported. Both buildings are expected to complete in 2021.
* Ashtrom Properties UK paid £68 million for the 359,558-square-foot Exchange Flags office building in Liverpool, reflecting a yield of 7.6%, PW reported. The property also has 27,980 square feet of retail and leisure space and an 18,135-square-foot museum. The building was sold by Shelborn Asset Management.
* Citing new research by Lambert Smith Hampton, PW reported that the difference in office occupancy costs between London and other large regional cities in the U.K. has narrowed for the third consecutive year, falling to 37.6% from 44% in 2016. The data accounted for the cost of a workstation in London versus the six regional cities of Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester.
Germany
* Sirius Real Estate Ltd. completed the formation of the Titanium real estate investment joint venture with clients represented by Axa Investment Managers - Real Assets. The venture was formed with the AXA clients' acquisition of a 65% stake in five German business parks, with Sirius retaining the remaining stake.
Two of the parks are in Berlin and the rest are in Mainz, Nurnberg and Bayreuth.
* Aviva Investors Real Assets agreed to acquire the under-construction German headquarters building of Unilever in Hamburg from Quest Investment Partners for an undisclosed amount, IPE Real Assets reported, citing the buyer. The 6,500-square-meter Neue Burg 1 office building is expected to be completed by July 2020 and is fully pre-leased by Unilever.
* Union Investment bought a 105,000-square-meter logistics property in Eschweiler near Aachen from Garbe Industrial Real Estate for an undisclosed price for its open-ended UniInstitutional European Real Estate fund, IPE Real Assets reported. The property was completed in late 2018 and is leased to logistics provider Hammer.
* Cording Real Estate Group Ltd. bought a 25,000-square-meter office complex in Dortmund from DB Privat und Firmenkundenbank as part of a club deal for clients of the Edmond de Rothschild private bank and a Cording client, IPE Real Assets reported. The purchase price was not disclosed.
* Allianz Real Estate bought the HafenCity office development in Hamburg from Edge Technologies in a forward-funding deal, IPE Real Assets reported. The purchase price was not disclosed.
Spain
* Real IS bought the fully leased 5,400-square-meter Diagonal 67 office building in Barcelona for its open-end Real IS BGV VIII Europa fund, IPE Real Assets reported. The eight-story property was acquired from a local family office for an undisclosed price.
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