Consorto® brings you this week’s pick of commercial real estate sales across Europe.

Neue Balan Haus 27

Neue Balan Haus is among this week's commercial real estate deals
Neue Balan Haus

Location: Munich, Germany
Sector: Office
Buyer: Union Investment
Seller: Allgemeine SÜDBODEN Grundbesitz AG
Price: Over €100m
Quote: Alejandro Obermeyer, head of Investment Management DACH at Union Investment Real Estate, says, “The Neue Balan campus is a compelling work-life balance concept offering a high degree of flexibility. This type of development is rare in Munich. The space caters to the latest requirements of many national and international SMEs and start-ups.”

Landskrona Örja 1:20

Landskrona Örja 1:20 logistics and offices
Landskrona Örja 1:20

Location: Landskrona, Sweden
Sector: Logistics and offices
Buyer: Blackstone
Seller: Logistea AB
Price: SEK 841 million (subject to shareholder approval)
Quote: Savills advised Logistea. Niklas Zuckerman, Head of Investment, Savills Sweden, says, “Appetite for Swedish logistics among Swedish and international buyers remains at an all-time high. SEK 15bn (€1.4bn) was invested in this asset class between January and September 2020, making it the fourth largest sector by volume with a market share of 11%. Given the strong fundamentals, we expect a number of further logistics transactions to complete in the next few months.”

Electra Park, in Canning Town, London
Electra Park, London

Electra Park, London, UK

Location: Canning Town
Sector: Industrial
Buyer: SEGRO
Seller: Schroders
Price: £133 million
Quote: Alan Holland, Business Unit Director for SEGRO’s Greater London portfolio, says, “This acquisition is an exciting opportunity for SEGRO to consolidate its leading London footprint and is a strong fit with its well established prime urban warehouse portfolio.”

Terminal M Shopping Centre

The Terminal M Shopping Centre in the Netherlands
Terminal M Shopping Centre

Location: Eindhoven, Netherlands
Sector: Retail
Buyer: KGAL Investment Management
Seller: Propertize
Price: Undisclosed
Quote: André Zücker Managing Director of KGAL Investment Management with responsibility for commercial real estate, says, “Eindhoven is a hub for tech businesses in The Netherlands and its population has been growing for several years. This was an opportunity to acquire a popular shopping centre in the Meerhoven district of the city.”

Two logistics assets

One of the logistics centres in the Netherlands
One of the logistics centres

Location: Veghel, The Netherlands
Sector: Industrial and warehousing
Seller: Next Level Real Estate
Price: c€65m
Quote: Alexander van Gastel of the PATRIZIA transactions team in The Netherlands, says, “This is an exciting, brand new asset that meets the growing demand for high-quality logistics space in the region. Logistics has recently proven to be one of the most resilient real estate sectors. Covid-19 has accelerated existing e-commerce trends and so we are confident this asset will deliver long term secure income to our investors.”

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