Evolve Estates’ Post

Evolve Estates has purchased 120,000 sq ft of retail and leisure space at Elephant Park in London from Lendlease. This area is part of a significant mixed-use development in Elephant & Castle, featuring a mix of independent shops, well-known brands, and community spaces. The acquisition demonstrates Evolve Estates' dedication to investing in and enhancing one of London's major regeneration projects.

MLP Business Park Vienna attracts more tenants! 🌍 We’re excited to share that MLP GROUP S.A. has secured two new lease agreements, totaling 6,700 m² at our flagship development in Vienna! 🌟 🔹 Demetra GmbH, a leading Facility Management company, has signed for 1,900 m² to set up its new headquarters and operations, set to start in mid-2025. 🔹 Activeon, part of JUMP House Trampolinparks, will launch a unique family entertainment complex in 2025, leasing 4,800 m². Both tenants chose MLP Business Park Vienna for its outstanding location, modern architecture, and sustainable development approach. 🌱 "MLP Business Park Vienna is the ideal fit for us, with its excellent location and sustainable development concept," says Volodymyr Dolyniak from Demetra GmbH. "We’re thrilled to bring our new entertainment concept to the heart of Vienna," says Florian Ruckert from Activeon GmbH. 📍 Situated just 13 km from downtown Vienna, MLP Business Park Vienna is designed for modern businesses with eco-friendly features, and continues to attract high-quality tenants. 🏢✨ The transaction was facilitated by the brokerage firms OTTO Immobilien and OSWALD Immobilien 👇 👇 👇 https://lnkd.in/d8N5mGCQ #MLPGroup #Vienna #BusinessPark #Sustainability #FacilityManagement #FamilyEntertainment #RealEstate #UrbanDevelopment #Logistics

This week's #realestatenews round-up from around the UK: Glenbrook is to bring forward a landmark 44-storey residential tower on a prime plot in central Manchester. The developer is drawing up plans to build the 364-home scheme on a site next to Deansgate railway station on Whitworth Street West, opposite Deansgate Locks. Mapletree Investments is to acquire its first UK logistics property as part of a strategy to increase its European footprint in the asset class. The real estate arm of Singapore’s state investment fund, which Temasek Holdings back, has agreed on terms to buy a 630,000 sq ft logistics hub in Derby for a figure approaching £90m from Ares Management Corporation. Oxygen Asset Management has acquired 11 Leadenhall Street, an office building in central London. Located next to Leadenhall Market, the 15,117 sq ft freehold office block comprised a basement, ground floor and seven upper floors, including a retail unit let to Starbucks. The property is let to seven tenants, with an occupancy rate of 91%. Ultra-luxury hotelier Oberoi Realty has agreed a deal with Grosvenor Estate to debut the brand in Europe with backing from Asia’s richest man, Mukesh Ambani. Ambani is the owner of conglomerate Reliance Industries Limited , which is a part owner of its fellow Indian titan, and together they are creating a new landmark hotel that will form part of Grosvenor’s £500m South Molton project in Mayfair. Developer Downing has submitted proposals to regenerate a brownfield site in Wandsworth into a student development. The 1.5 acre plot is part of the wider Gasholder site, and is a key component of Wandsworth’s recently adopted local plan. It has been earmarked as ideal for a mixed-use scheme. Build to Rent operator Get Living, in collaboration with Delancey, Multiplex, and in partnership with UAL, has announced that it has topped out at a building at the mixed tenure The Elephant development. The new London College of Communication building, part of the University of Arts London (UAL), has reached its highest point in its construction this week 60 years after the original building in Elephant and Castle opened its doors to students. A buyer has emerged for Lazard’s future London headquarters on Manchester Square following a flurry of bids for the asset. Delancey has gone under offer to buy 20 Manchester Square from Invesco Real Estate for close to £120m having put forward the most competitive offer among a strong line-up of bidders. All articles can be found via Green Street News: Europe, Property Week, and BTR News. #development #realestate

🚀 Dallas Real Estate: What’s the Latest? 🏗️ Trailhead at Chisholm Trail Ranch: Not just any new development—this 284-unit luxury complex in south Fort Worth is setting the stage for next-level living. 🏠 Powell Corners, Anna: Who says you can’t have it all? This new project blends living, working, and retail spaces into one dynamic environment. Efficiency redefined. 🏢 Big Moves Making Headlines: From Bank of America’s latest architectural marvel to Walmart’s pioneering venture in Celina, we’re not just growing; we’re transforming. 💸 Amidst a market as tight as the competition at a startup pitch, our optimism is as robust as ever. #RealEstate #Innovation #DallasFortWorth #FutureLiving #multifamily

[Last chance to register] Insights from Waterfront Brisbane | Brisbane | 5 June Join us for an insightful evening where we will explore the future of commercial real estate and tenant offerings within the evolving landscape of Brisbane’s commercial CBD. At the forefront of this evolution is Dexus, the developer currently crafting the innovative Waterfront Brisbane, a premiere development nestled in the prestigious Golden Triangle of the Brisbane CBD. Deloitte, as the project’s anchor tenant, plays a pivotal role in this venture. We invite you to join us as Dexus offers a detailed overview of the precinct, the building, and its exceptional commercial tenant offerings. Key discussion points include: - The motivations for landlord differentiation in the current market environment - The key expectations tenants hold for their landlords - The distinguishing characteristics of this new development - Deloitte’s vision for their workspace The foundation of these projects lies in building meaningful relationships between landlords and tenants, with a shared vision from the outset. For more information and to register visit https://lnkd.in/gizE_ayt #cngau #brisbane #waterfront

Cushman & Wakefield is excited to announce the successful sale of 3525 Sunrise Highway, a distinguished two-story office building in Great River, NY. Acquired by Lessing’s Hospitality Group, the building was the former Suffolk County Water Authority headquarters. The 13,280 SF property spans across a sprawling 2-acre lot with prominent frontage along Sunrise Highway.   The acquisition marks a significant milestone for Lessing’s Hospitality Group, a leader in the industry with a legacy of over 130 years providing remarkable hospitality, innovation, and excellence. The company plans to reimagine the property as its new headquarters, leveraging its prime location with immediate access to Sunrise Highway and Connetquot Avenue to create a central hub for future operations.   Cushman & Wakefield is proud to have collaborated with Lessing’s Hospitality on this transformative transaction, which underscores a shared commitment to innovation and growth on Long Island.   Lessing's Hospitality Group, Robert Kuppersmith, Jennifer Grgas

Why should you consider London boroughs such as Uxbridge as investment locations? With property and rental prices soaring in London, both investors and tenants are moving to the outer boroughs of the capital. Demand for properties, both to rent and to buy, is steadily increasing in these areas, providing an opportunity to invest early and benefit from the increasing rental rates in years to come along with capital appreciation. As London’s city centre continues to expand, areas like Stratford have recently undergone a zoning change, now being classified as more central locations. This shift is part of London's master plan to extend the city centre. Looking ahead, areas such as Uxbridge are also poised to be classified as more central in the coming years. To learn more about our Uxbridge investment, please click below: https://lnkd.in/e3_b6mRh #LondonInvestment #UxbridgeProperty #PropertyInvestment #RealEstateInvesting #InvestmentOpportunity #RentalDemand #CapitalAppreciation #LondonExpansion #PropertyPortfolio #HighYieldInvestments #UKInvestments #PropertyGrowth #InvestmentReturns #InvestmentStrategy #PropertyDeals

A New Era: San Francisco's Office Prices May Have Hit Bottom. Prices for Class A Financial District office space bottomed last year and are now up 20% to 30%. Positive momentum from investors has helped reset pricing and inspired newfound hope in the beleaguered property sector. However, a glut of unoccupied office space means the local office market is not quite out of the woods. Transaction activity began to thaw in late 2023 and gained momentum in Q1 2024. Notable examples of properties trading around the $270 a SF range include 410 Townsend St., 300 California St., and 350 California St. The buyers of 410 Townsend St. said the transaction symbolizes a new era in San Francisco’s office market. According to Albert Pura, senior director of transactions for NYLREI, "It's our opinion that this is the start of the recovery for the San Francisco real estate market.” April 24, 2024 Stacey Corso, San Francisco Bay Area #economy #startups #realestate #siliconvalley #smallbusiness

SALE Learn More: https://lnkd.in/gdnDQEMC DATE: 11/04/2024 ADDRESS: 292 Madison Avenue MARKET: Midtown Manhattan ASSET TYPE: Office BUYER: 60 Guilders, LLC, Alt Equity Group & Premium Merchant Funding (PMF) SELLER: Vanbarton Group LLC BROKER: Newmark SALE PRICE: $90,500,000 SF: 204,200 ~ PPSF: $443 NOTE FROM BROKER: On November 4th, 2024, 292 Madison LLC, the entity established to acquire the property, finalized the purchase of the iconic 292 Madison Avenue. This milestone represents a significant step in securing a premier asset in Midtown Manhattan. Among the stakeholders, Premium Merchant Funding (PMF) played a pivotal role as both an investor through its real estate investment fund, ROLA, and came in as a building tenant, leasing the entire 10th floor, and helping to increase occupancy to near 92%. The 27-story Art-Deco office building was acquired from the Vanbarton Group for approximately $90 million, marking a notable chapter in its storied history. On November 18th, a ribbon-cutting ceremony celebrated this remarkable achievement. The event attracted a distinguished group of attendees, including building investors Ouni Mamret, Yossi Althkefati, and Shlomo Althkefati. From the Rola side were Sam Lallouz, David Saadia, Elie Golshan, Nash Fabregas and other partners. Held in PMF's newly leased offices, the evening featured a cocktail and networking event with representatives from PMF, ROLA, and the 292 Madison investment team and other investors. The celebration culminated with a toast to new beginnings, highlighting the collaboration and ambition that made this acquisition possible. This transaction underscores 292 Madison LLC's vision to enhance its real estate portfolio while showcasing the strength of collective investment efforts. The acquisition sets the stage for future growth, positioning 292 Madison Avenue as a cornerstone in Midtown Manhattan's dynamic commercial real estate market. #NewYork #RealEstate #TradedNY #NY #NewYorkRealEstate #NYCRealEstate #TradedPartner #MidtownManhattan #NewYorkCity #Office #Newmark #PremiumMerchantFunding #VanbartonGroup #60Guilders #AltEquityGroup

The City of Atlanta has 'acquired' the 12-acre West End Mall property for a mixed-used redevelopment with a focus on affordability. According to a press release: "This acquisition is the first step in the approximate $450 million redevelopment of the historic property into a mixed-income, mixed-use affordable housing development featuring an inclusive commercial space for a diverse business community—most importantly including legacy small businesses." It seems safe to assume that this be be a more successful effort than the string of failed, private proposals to develop the property in the last few years. The City says that construction will begin in 2025 on: > 125,000 square feet of retail, including a grocery store, fitness center, food & beverage, and local boutiques > 900 mixed-income rental units, with 70% workforce housing, 20% affordable at 50% AMI, and 10% at 80% AMI > At least 10,00 square foot of affordable commercial space allocated for qualified small, local businesses > Student-targeted housing > A hotel > 12,000 square feet of medical office space Given that the mall is next to a MARTA rail station, this could be a big boost for affordable, transit-adjacent development in the city, which is absolutely the kind of urbanism improvement that Atlanta needs. More info here: https://lnkd.in/e3HY9MZN