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Areim’s and VGP’s joint venture closes its second acquisition in Europe

The Nordic fund manager and property owner Areim and VGP, a developer and operator of high-quality logistics and semi-industrial real estate, have closed their second acquisition in their 50:50 joint venture. The acquisition consists of four assets in four different logistics parks across Germany, France, the Czech Republic and Slovakia. The total lettable area amounts to 114,000 square metres and the portfolio is fully let. The joint venture, focusing on investments in prime logistics in Europe, targets EUR 1.5 billion...

Alma and Rexbo acquire three light industrial properties in Greater Stockholm

Alma and Rexbo have acquired in two separate transactions the properties Haninge Jordbromalm 6:95 and Håbo Bålsta 3:336 & 3:412. The sellers were Kilenkrysset AB and Veidekke Entreprenad AB. Bålsta 3:336 & 3:412 are in the Västerskogs industrial area with a total leasable area of 1 750 sqm and a land area of 14 250 sqm. In connection with the acquisition, a green lease agreement has been signed with Veidekke Entreprenad AB where meaningful investments in sustainability aspects are planned...

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MARK Capital Management secures €660m in equity commitments for Crossbay II

MARK Capital Management, a pan-European real estate investment manager, has achieved a final close for the latest vehicle in its urban logistics fund series, Crossbay. Crossbay II has secured €660m in total fund commitments, representing a 20% increase in fund size compared to the predecessor vehicle. Including debt financing, Crossbay II has a total investment capacity of over €1.5bn, which will be deployed and managed by Crossbay's on-the-ground teams across the major markets in Europe. New investors include pension funds...

Anky Vink appointed Fund Manager of Achmea Real Estate's retail fund

Anky Vink has been appointed as the Fund Manager of the Achmea Dutch Retail Property Fund, effective 1 January 2025. She will be responsible for the strategic investment policy of the fund (EUR 900 million AuM). Anky Vink has been working at Achmea Real Estate as an Asset Manager since 2018. Previously, she was active as a real estate advisor and registered valuer at companies including Cushman & Wakefield, DTZ Zadelhoff, LMBS retail, and Locatus. She has a total of...

PGIM Real Estate and Pithos Capital launch self-storage venture in France

PGIM Real Estate and Pithos Capital have launched a joint venture in France to acquire and reposition self-storage assets. PGIM Real Estate made the investment on behalf of its European value-add strategy. PGIM Real Estate is the $212 billion real estate investment firm of PGIM and the third-largest real estate firm globally. In 2024, PGIM Real Estate’s European value-add strategy has secured over €600 million of acquisitions, primarily across logistics and living in Europe’s major cities, as well as healthcare...

Barings to buy €100 million logistics park in Spain for separate account client

Barings is investing €100 million on behalf of a separate account client to acquire a logistics park in Spain. The manager said it was acquiring the 123,000 square meters logistics park in Moncada, Valencia in a forward-purchase agreement with Grupo Bertolín. The project, on 181,500 square meters of land, is to be developed in three phases, starting in the first half of 2025. Barings, in a separate deal, has sold a 55,600 square meters logistics asset in Ontígola, Spain, to...