A selection of the leading property headlines from around Europe at a glance:
A selection of the leading property headlines from around Europe at a glance:
Far Eastern fund snaps up latest Hammerson City sale - PROPERTY WEEK
Malaysian investment fund KWAP, advised by CBRE Global Investors, is under offer to buy 10 Gresham Street for around £200 mln (EUR 253 mln), Property Week revealed on Tuesday. The deal would mark a 5.2% yield. The building is owned in a joint venture between Hammerson and the Canadian Pension Plan Investment Board, with the UK REIT owning a 30% stake.
Earlier this summer Hammerson sold most of its London office portfolio to Brookfield Office Properties for £518 mln, as part of a move towards becoming a specialist retail REIT.
________________________
Ikea already seeking location for urban quarter in Hamburg - THOMAS DAILY
Ikea's real estate subsidiary is looking for 'at least five hectares' of land in Hamburg for an urban development, Thomas Daily writes, quoting a report in German newspaper Hamburger Abendblatt. Locations near the airport or downtown Hamburg are being considered for the mixed-use project which would combine residential and office premises. According to the paper, areas in the Hamm/Rothenburgsort commercial area or in the Billbrook district are being considered. Ikea also wants to locate a budget design hotel in Hamburg, according to reports.
________________________
Aside from PropertyEU's own news, our digital news service PropertyDay includes over 100 commercial real estate newsfeeds from nearly 50 countries around the globe. Click on the link below to sign up and/or to select your news feeds.
