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Union Investment sells hotel and office building in Hamburg to Plaza Hotelgroup GmbH

Union Investment has sold the hotel and office property at Holstenkamp 1-3, Kieler Strasse 143-147 to the Plaza Hotelgroup from Heilbronn. The building had been part of the portfolio of the open-ended real estate fund immofonds 1, which is marketed exclusively in Austria, since 2015. The parties have agreed not to disclose the sales price Built in 1998, the mixed-use building in the north-west of Hamburg delivered stable income for the fund over the holding period of around ten years...

Bryant leads Partners Group real estate after Habra exit

Mike Bryant has taken on the role of sole global head of real estate as Karim Habra, who assumed a co-head position a year ago, plans to depart the firm. The leadership restructuring of the real estate division follows the firm’s acquisition of Empira Group. As part of this transition, Habra has decided to step down as global co-head of real estate to explore new opportunities. His departure date is yet to be determined. Bryant is a member of the...

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PGIM’s UK affordable UK housing strategy expands portfolio

PGIM Real Estate ’s UK affordable housing strategy has expanded its portfolio with three singlefamily housing transactions. PGIM is acquiring 73 new homes in Littlehampton, West Sussex, and is expanding the portfolio with two additional acquisitions in Exeter, Devon, and St Austell, Cornwall. Financial details of the transactions were not disclosed. PGIM Real Estate’s UK affordable housing strategy acquires and operates single-family rental homes at affordable rents, providing housing for working families and co-renters. Source: realassets.ipe.com on the 13th of...

Ward van de Braak joins Achmea Real Estate as Director Transactions & Developments

Ward van de Braak will join Achmea Real Estate (ARE) on 1 March 2025 as Director Transactions & Developments. He will lead the team responsible for acquisitions, divestments and real estate development for ARE's institutional clients. Ward van de Braak succeeds Frank Vellinga, who has held the position of Director Transactions & Developments on an interim basis. Frank Vellinga will remain with the team as Senior Transaction Manager. Source: press release

Altera continues to raise residential sustainability with 47 homes in Voorhout

Real estate investor Altera , on behalf of the Altera Residential Fund, is taking the next step in its strategic partnership with BAM Wonen by boosting the sustainability of 47 ground-level homes in Voorhout. These homes, built in the 1980s, are being upgraded as part of Altera’s ambition to make its residential portfolio Paris Proof by 2040. The redevelopment work is due for completion in the summer of 2025. The project will bring the energy label for these properties up...

Round Hill Capital invests €100 million in German residential assets

Global real estate fund manager Round Hill Capital has acquired, in separate transactions, two multifamily properties in Greater Berlin for a combined total of around €100 million. The investments have been made on behalf of Round Hill Capital’s European Residential Income Fund II (ERIF II), which now owns over 3,000 units across Denmark, Germany, Ireland, Spain, the Netherlands and Finland. Construction of both assets completed in 2024, and comprise predominantly one-bed apartments. Source: realassets.ipe.com on the 12th of February https://realassets.ipe.com/news/round-hill-capital-invests-100m-in-german-residential-assets/10128797.article