Property Funds World Newsletter

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NEWSLETTER | 6 Feb 2020

Capital gains: London commercial property to get a post-Brexit boost?

This week we look at how London commercial real estate could be set for a post-Brexit boost, with new research from Knight Frank suggesting that international investors have earmarked GBP48.4 billion for the sector this year. And with just GBP2.3 billion worth of property currently for sale in the capital, demand could drive values higher…

We also have news of GPE’s new GBP450 million, ESG-linked revolving credit facility, which incorporates three KPIs aligned to the company’s existing sustainability strategy.

And in deal news, we look at the USD13 billion all-stock acquisition of Liberty Property Trust by ProLogis, plus a new pan-European joint venture between Hines and QuadReal which is targeting a total investment volume – including leverage – of EUR1.25 billion in build-to-rent properties, student accommodation and serviced apartments across continental Europe and UK regional markets.

Remember, voting for the Property Funds World European Awards 2020 is now open, so make your nominations here…

Property Funds World

International investors targeting GBP48bn of London commercial real estate

Thu | 6 Feb 2020, 12:10

London is set for an increase in commercial real estate investment in 2020 as international investors target the capital’s high-yielding office market, following the decisive 2019 UK General Election result.

Thu | 6 Feb 2020, 12:10

Great Portland Estates (GPE) has signed a GBP450 million ESG-linked unsecured revolving credit facility (RCF) at a headline margin of 90 basis points over LIBOR with a group of five existing relationship banks.

Thu | 6 Feb 2020, 12:10

Hines, the international real estate firm, and global investment firm QuadReal Property Group Limited (QuadReal) have entered into a joint venture partnership to establish a new living-focussed programmatic joint venture targeting BTR (build to rent) properties, student accommodation and serviced apartments across continental Europe and regional UK markets.

Thu | 6 Feb 2020, 12:10

Prologis, a specialist in logistics real estate, has completed its all-stock acquisition of Liberty Property Trust for USD13.0 billion, including the assumption of debt. In connection with the transaction, each share of Liberty common stock was converted into the right to receive 0.675 shares of Prologis common stock.

Thu | 6 Feb 2020, 12:10

LGIM Real Assets (Legal & General) has appointed tech startup Demand Logic to monitor and enhance building performance across its property portfolio.

Thu | 6 Feb 2020, 12:10

Dentons and Kirkland & Ellis has represented GIC, Singapore’s sovereign wealth fund, on the acquisition of the Maximus logistics real estate portfolio from Apollo Global Management, a US-based private equity firm.

Thu | 6 Feb 2020, 12:10

Harrison Street has sold five purpose-built student accommodation properties (PBSA) in Dublin, Ireland, to Global Student Accommodation Group (GSA) for a combined EUR400 million.