Property sector mergers and acquisitionsThe latest news about mergers and acquisitions in the property industry.
Latest Mergers and Acquisitions news
Hansteen Holdings has acquired 14.81% of the shares in Industrial Multi Property Trust (IMPT) following its 300p takeover bid for the company last Friday.
The administrators of Hilco Capital-backed firm The Food Retailer have appointed Savills to help dispose of 34 Budgens-branded stores.
Hansteen has agreed an all cash deal to buy Industrial Multi-Property Trust (IMPT), the group that last month won its bitter battle with rebel shareholders to retain control of the company.
Mount Street has completed a management buyout of the ownership interest of Greenfield Partners and entered into a new strategic partnership with Aareal Bank.
Banks and lending
The volume of syndicated commercial property loans in the UK and across Europe, the Middle East and Africa (EMEA) fell sharply in 2016, Dealogic data has revealed.
Unite Students has announced the acquisition of a development site in Manchester alongside full-year results that show EPRA NAV growth of 12%.
Hermes Investment Management has provided a £29m loan to the joint venture of Thor Equities and Chenavari Investment Managers to fund the acquisition of 147-155 Wardour Street in London.