ARTICLES LABELLED WITH TAG Europe

South African investor MAS Real Estate has entered into to sell an office building in Scotland to Union Investment for €91 million. The company also agreed to sell a piece of development land in East Sussex for €20.8 million. MAS Real Estate wants to sell all of its remaining Western European assets and reinvest the proceeds in Central & Eastern Europe.  

According to the latest Savills research, at figures ranging between €4.60-5.30 per sqm per month, out of 54 markets analysed, Prague and the Polish cities of Katowice, Wrocław, TriCity and Poznań are among the ten cheapest locations for renting a modern warehouse globally. In Europe, Poznań (€4.68/sqm/month) is the most cost-effective location with only certain cities in India and Vietnam having lower overall warehousing property costs.

New research released by JLL shows that the investment allocation to living assets is set to grow throughout 2021, following the robust performance of the market throughout 2020, which resulted in €83.4 billion being invested into the sector. 59% of investors set to increase investment allocation to European Living assets in 2021, but nearly 80% highlight lack of suitable product as a main barrier to investment.

The industrial and logistics sector continues with strong momentum while large scale office transactions have slowed in European investment volumes, as many countries saw overall activity halve in comparison to Q1 2020, according to the latest capital markets report by Colliers.

FUTURE Designs, the UK based designer and manufacturer of high-quality luminaires and bespoke lighting solutions, has obtained the first IMMUNE Building Standard certification in the world for an industrial building, awarded by the Healthy by Design Building Institute (HDBI). The factory and headquarters achieved the label IMMUNE - Strong following the company’s successful implementation of the set of health and safety measures for its employees.

Logistics developer VGP is committed to further implementing comprehensive and sustainable measures along its sustainability strategy in the next years to achieve carbon neutrality by 2025. To this end, the company has now set itself new targets.

On 12 March, Belgian developer Atenor is launching an issue of 4-year and 6-year green bonds for a minimum amount of, respectively, €15 million and €50 million in the form of a public offer in Belgium open to retail investors and, to a certain extent, qualified investors.

CTP has announced its intention to launch an initial offering and to apply for admission to listing and trading of its shares on Euronext Amsterdam. The logistics investor and developer aims to raise between €800 million and €1 billion.

Logistics developer and investor VGP announced a record net profit of €370.9 million for 2020 which is an 80.4% y-o-y increase. The company announced its financial results for 2020.

Trammell Crow Company (TCC), one of the largest real estate development companies in the U.S., announced the launch of logistics development capabilities in Europe.