Industry News

Scandic Pohjanhovi, a well-known landmark of Rovaniemi, is set to be renewed as CapMan Real Estate, together with Scandic, performs a comprehensive refurbishment of the hotel in 2025–2026. The traditional hotel will be given a new look through an extensive renovation which will include updates to the hotel rooms, reception area, restaurant spaces, and building technology. The renovations are expected to be completed in 2026, the hotel's 90th anniversary year. Source: Press release 8 Apr 2025

Schroders Capital’s real estate team, acting on behalf of Greater Manchester Pension Fund (GMPF), has acquired a 59-bed care home in south-west London for £14.2 million (€16.6 million). This latest deal is the fifth acquisition for GMPF over the past 12 months, with investments totalling £130 million, generating an average yield of more than 6% based on the gross acquisition prices. The five acquisitions include Murieston Crescent, Edinburgh, a 120-bedroom purpose-built student accommodation asset; Brackmills Central Industrial Estate, Northampton, a...

Valor Real Estate Partners (“Valor”), Europe’s fastest-growing last-mile logistics real estate specialist, has acquired, on behalf of its joint venture with QuadReal Property Group (“QuadReal”), a global real estate investment, development and operating company, a land plot in West Amsterdam from Intospace where it intends to develop a state-of-the-art distribution centre with a Gross Development Value of €60 million. It represents the joint venture’s first development play in what is one of Europe’s strongest-performing logistics markets. Valor will leverage its...

Irish Life Investment Managers (ILIM) has added a 144-unit student residence in France to its portfolio. Aberdeen Investments, on behalf of the Irish investor, has acquired The Place student residence in Suresnes, Paris from Cardinal Promotion for an unspecified amount. The acquisition is the sixth investment made for ILIM’s pan-European multi-sector property strategy. Source: IPE Real Assets, 2 April 2025 https://realassets.ipe.com/news/irish-life-expands-portfolio-with-french-student-housing-asset/10129801.article

A partnership between a Tristan Capital Partners-managed European fund and Edmond de Rothschild REIM has acquired a 136,000 square metres logistics development in northern France. The warehouse development project within the Delta 3 multimodal platform has been acquired through Tristan’s EPISO 6 and Edmond de Rothschild REIM for an undisclosed sum. The project will feature 12 warehouse cells, five of which are pre-leased to a food and beverage firm. Source: IPE Real Assets, 2 April 2025 https://realassets.ipe.com/news/tristan-and-edmond-de-rothschild-buy-pre-let-french-logistics-project/10129794.article