On behalf of M7 Real Estate Investment Partners III, the pan-European investor and asset manager M7 Real Estate Ltd has completed the purchase of four office assets for a total value of €9.2 million (£7.25 million). (M7 REIP III is a separate account, which is focused on smaller UK regional commercial real estate assets.)
IMMOFINANZ raised the occupancy level in its office standing investments by roughly seven percentage points to nearly 82% by the end of the 2015/16 financial year (as of 30 April 2016). Rentals in the office segment totalled approx. 388,000 sqm, or 29% of the total area, according to preliminary numbers.
China Life Insurance Company Limited and Brookfield Property Partners have acquired Aldgate Tower from Starwood Capital-backed Aldgate Tower Investments.
Commercial rents in London’s prime skyscrapers are rising faster than those in any other global city, according to the latest index specifically for office tower blocks.
Demand for office space in London remained robust through the traditionally quiet first quarter of 2016 with 3.1 million square feet leased by companies, a new report shows.
UK REIT NewRiver Retail has completed the acquisition of The Broadway shopping centre and Broadway Square retail park in Bexleyheath, south east London, for a total of £120 mln (€150 mln).
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