M7 fully invests German fund
M7 Real Estate has bought 23 German retail assets for €43m (£33m) on behalf of its M7 European Real Estate Investment Partners fund. It comprises around 480,000 sq ft of space.
90 North buys Fort Mill office
90 North and Sidra Capital have exchanged contracts to buy an office complex in Fort Mill, South Carolina, for $67.1m (£46m). The newly constructed 247,834 sq ft office is fully let on a 12-year lease to the Lash Group.
Tristan funds shop in Paris
Two funds have invested €100m (£77m) in a pair of Parisian offices on behalf of Tristan Capital Partners. European Property Investors Special Opportunity 3 acquired a 129,000 sq ft office in Fontenay-sous-Bois from Aviva. EPISO 4 purchased a 172,000 sq ft office in Saint Denis from Oman’s State General Reserve Fund.
Redevco jv buys retail parks
Redevco Iberian Ventures, the joint venture between Redevco and funds managed by Ares Management, has bought six retail parks in Spain from developer Bogaris for €95m (£73.8m).The parks comprise 906,751 sq ft and are almost fully let. JLL and Deloitte advised Redevco.
CBRE GI snaps up Polish retail
CBRE Global Investors has acquired the Jantar shopping centre in Slupsk, Poland, for €92m (£71.5m) – a 7.1% yield. The asset was acquired on behalf of one of its separate account clients from Tristan Capital Partners. CBRE GI was advised by Savills and CBRE; Tristan was represented by Cushman & Wakefield.
