The Bank of England (BoE) has warned that if the UK fails to reach a Brexit deal with the EU, UK commercial property prices could fall by as much as 48% and residential values may drop 30%.
Schroder Real Estate has sold a 50% share in the Chevaleret office building in Paris in a deal valuing the asset at €230 mln.
As retailers like Debenhams struggle, is there a solution for UK shopping centres, asks Isobel Lee.
UK shopping centre specialist Intu has extended the bid deadline for a consortium comprising the Peel Group, the Olayan Group and Brookfield Property Group, which launched a takeover bid for the company last month.
Lenders are providing £350 mln (€393 mln) financing for Regent’s Crescent, a 76-unit residential project in Marylebone, London.
Spanish financial services company Bankinter has created a venture capital fund to invest €300-€400 mln in student accommodation in Spain and Portugal and aims to develop at least four residences in within three years, with 2,500 beds.
Designer outlet specialist McArthurGlen is to invest €1 bn in new centres and expansions to cater to growing demand from shoppers and tourists.
A South Korean consortium comprising fund manager IGIS Asset Management and investor Hana Financial Investment has bought Trianon, a 45-storey skyscraper in Frankfurt, for €670 mln from NorthStar Realty Europe.
Madison International Realty and Peakside Capital have sold Frankfurt Airport Center (FAC) to German property firm Godewind Immobilien for around €168 mln.