American firm CA Ventures has hired Tim Phillips to lead a £380m-a-year foray into Europe’s BtR and PRS scene, starting with the UK.
Meyer Bergman and CC Land have formed a joint venture to bring forward the ambitious reinvention of the Bayswater landmark, with additional backing from Apollo.
Canary Wharf is transitioning into a place to live as well as work, says Savills; a third of buyers in the area are international, and over a third of households earn more than £100k a year. But the proportion of investment buyers has tumbled from 42% in 2016 to just 10% since 2018…
London Central Portfolio has formed a joint venture with APG (which recently teamed up with Delancey to buy Earls Court), acquiring the Harrington Hall site in South Kensington as an inaugural “lifestyle hotel” project.
UK Sotheby’s International Realty has partnered with PropTech platform Smartlands to look into blockchain-powered fractional ownership options for a London penthouse and a Greek villa.
Capital & Counties has offloaded its stake in the Earls Court development to Delancey and APG for £425m. The firm has picked up two new properties in Covent Garden, and “is now positioned as a prime central London property investment business and will convert to UK REIT status before the end of 2019.”
Deutsche Wohnen, which has a portfolio of 165,500 homes, has been handed a huge fine by Berlin’s GDPR regulator
Tech-led property management platform Plentific has secured a massive chunk of investment to fund growth in the UK, Europe and US.
Delancey and APG have exchanged contracts on Capco’s Earls Court portfolio (excluding Lillie Square) for £425m
Luxury property crowdfunding platform CapitalRise has secured a £1m equity investment from Meyer Bergman’s Revolt Ventures
Paris, Berlin and Frankfurt are the top picks for real estate investment in 2020, reports PWC