UK care home investor Impact Healthcare REIT and HSBC have agreed a new £50 mln (€57 mln) revolving credit facility. The arrangement is for three years with the possibility of another two years. Under the terms of the facility, Impact Healthcare is able to draw £34 mln (€39 mln) at...
Immobel Poland picks JLL & CBRE for new Warsaw tower
Belgium-based office developer Immobel has hired JLL and CBRE to act as agents for its new office tower in Poland. The firms are to be responsible for marketing Central Point in Warsaw, the capital city. The project was developed by Immobel Poland and is expected to be completed in the...
GPE collects only 63% of quarterly rent
Great Portland Estates said on Friday that it has collected only 63% of quarterly rent, compared to 99% at the same time a year ago. Over 60% of the outstanding rent is from occupiers in the retail, hospitality and leisure sectors, the company said. ‘Despite these unprecedented conditions, the GPE...
AviaRent fund acquires €185m German portfolio
Luxembourg fund manager AviaRent has acquired a portfolio of twelve nursing homes and assisted living properties in Germany for €185 mln. The purchase was made on behalf of the European Social Infrastructure I (ESI I) fund launched two years ago in joint venture with French asset manager Primonial.The properties, built...
Stone Estate appoints new head of asset management
Stone Estate.Swiss Management, part of the Reech Corporations Group, has appointed Alastair Manning as managing director and head of asset management with immediate effect. With over 15 years of experience in real estate asset management, acquisitions and disposals, Manning will bring further expertise and knowledge to Stone Estate’s efforts as...
Capital locked up in frozen UK open-ended funds reaches £20bn
We have renovated and updated the site to improve your experience, responding to the changing habits of users and the rapid growth of smart phones and tablets. Simply navigate, scroll, swipe and experience the comfort of reading content optimised for your screen. We have also improved the login procedure for...
Nepi Rockcastle, AFI Europe €300m office deal hits the rocks
A €300 mln agreement for an office portfolio said to be the largest ever in Romania is in danger of collapse, with coronavirus being a significant factor in the breakdown. The buyer, Africa Israel Properties (AFI Europe), went into exclusivity to buy the package from Nepi Rockcastle as long ago...
Segro ‘well placed to weather Covid-19 storm’, in rent talks with struggling tenants
UK logistics REIT Segro is in talks with customers experiencing cashflow problems, but says its business is fundamentally sound and ‘well placed to weather the storm caused by the Covid-19 pandemic’. In a statement issued on Thursday on the impact of Covid-19, Segro said its financial position was robust and...
Switch to ‘underperform’ for Dutch retail CMBS
We have renovated and updated the site to improve your experience, responding to the changing habits of users and the rapid growth of smart phones and tablets. Simply navigate, scroll, swipe and experience the comfort of reading content optimised for your screen. We have also improved the login procedure for...
Savills IM acquires Lodz logistics asset for €71m from IRE
Savills Investment Management has completed the acquisition of a 123,000 m2 logistics unit leased to Leroy Merlin in Piatek, near Lodz in Poland, from Invesco Real Estate. The purchase was made on behalf of Korean institutional investors managed by Vestas Investment Management for €71 mln.Leroy Merlin has consolidated its Polish...