Robert Hitchins Investment Properties, a property investment and development firm with headquarters in Boddington, has purchased an office building in Bristol city centre for an undisclosed sum. Situated at 31-32 Queen Square, the 13,124 sq ft five-storey property is already occupied by Toshiba Europe and Great American Europe. The previous owner was a fund managed …
The Adderstone Group, a North East-based property company, achieved remarkable growth in the year up to March 31, 2022. The business, composed of over 50 subsidiaries, increased its asset base by an impressive £40 million and their post-tax profit came to an incredible £8.3 million. This was more than double the previous year’s profit of …
BayWa r.e., a developer of renewable energy solutions, has sold three solar plants with a combined capacity of 115 megawatts to L&G NTR Clean Power Fund. The two plants, located in the Castilla la Mancha region, and the third consisting of two installations in Granada and Andalusia region, both have long-term contracts with Nestlé, Huhtamaki …
RES recently submitted a planning application for its 25 MW Varley Solar Farm, located southeast of Cromhall, South Gloucestershire. Taking into account public feedback and surveys conducted, the design has been modified to better fit with the landscape and neighbourly environment while also providing efficient electricity generation.These updates include in-plant construction occurring away from residential …
JBM Solar has successfully closed a deal with Vantage RE to sell two solar energy projects. The combined capacity of the projects is 102MWp, and they are designed with 65MWac of battery storage. Upon activation in early 2024, the solar energy produced will power over 37,000 homes and reduce carbon dioxide emissions by 2 million …
Green Genius, a renewable energy company, and Polish banking group mBank have closed a deal valued at PLN220m (€46m). The funds secured will be used to finance the construction of a portfolio boasting 69MW of solar energy. This makes it the largest agreement between both parties in Poland’s market to date.“We recognize that cross-border cooperation …
Hogan Lovells is providing counsel to VICI Properties on its proposed purchase of Blackstone Real Estate Income Trust, Inc.’s (BREIT) 49.9% interest in the joint venture which owns MGM Grand Las Vegas and Mandalay Bay Resort in Las Vegas. On completion of the transaction, VICI Properties will pay approximately US$1.27 billion in cash for BREIT’s …
Generali Real Estate has completed the purchase of Portal del Angel, 40 building, a renowned office and retail complex located in Barcelona. This purchase was done on behalf of the “Generali Core High Street Retail Fund” (GCHSR), a European investment fund managed by Generali Real Estate S.p.A Società di gestione del risparmio that is only …
Andel, a Danish energy company, has recently acquired the 55MW Tryggevælde solar project from European Energy. Located near Faxe in Denmark, the project has been running since early this year. The acquisition’s price was not disclosed by Andel. Jesper Hjulmand, CEO of Andel, commented on the venture: It is an absolute necessity for Denmark to …
European Energy, with the help of IFU and BNB, has officially connected the Ouro Branco 1 wind farm in Brazil to the country’s energy grid. The project, located in Pernambuco state of the northeast region, is a 36MW facility with 8 turbines that was started in 2021, despite the ongoing pandemic. Thiago Arruda, European Energy’s …