Throughout 2012 Evans Randall has continued to be very active with a number of acquisitions, disposals and major lettings.
Estama win Evans Randall German management mandate
Evans Randall have appointed Estama with the management of a 120,000 sq m portfolio.
The portfolio comprises 58 properties spread throughout northern Germany, in the regions of Mecklenburg-Western Pomerania, Lower Saxony and Schleswig Holstein.
The majority of the portfolio is retail property, ranging from single retail units to shopping centres, and supermarkets, with a small office and residential component. Anchor tenants include Edeka, Aldi, Lidl, Rewe and Schlecker.
Estama currently manages a portfolio of around 450 properties across Germany, with a combined capital value of €2.5bn. Other recent high profile instructions include HSBC Specialist Fund Management, Fairacre and SN Properties.
Set up in 1993, Evans Randall have arranged and structured over £20bn of transactions around the world. As an investor and co-investor in commercial real estate, Germany is a significant market for the European business with over €500m of property assets currently under management.
Dominic Morgan, FD Tamesis
020 7269 9343
Evans Randall to undertake substantial refurbishment and reconfiguration of Königsbau Passagen
Significant rental income uplift and several new pre-let agreements demonstrate effectiveness of group’s asset management strategy
Key letting at Covent Garden secures European Commission
Evans Randall have completed the letting of 20,000 square metres at the Covent Garden development
Silver City building in Moscow sold
Evans Randall has completed the disposal of Silver City to O1 properties for €266.7 million, representing a significant premium to the original acquisition price of approximately €185 million.