Industry News

Canadian asset management giant Brookfield has agreed to sell a portfolio of six Tritax EuroBox assets to UK REIT Segro, pending its takeover of the European logistics specialist. Under the deal, Segro will acquire the assets, located in the logistics hubs of Breda and Roosendaal in the Netherlands as well as in the Frankfurt corridor and the Rhine-Ruhr region in Germany, for €470 million in cash. The six warehouse properties – four in Germany (Bönen, Dormagen, Gelsenkirchen and Lich) and...

Niam continues its push into the Danish residential segment and aim to deploy upwards of € 600 million over the next coming years. After the successful establishment of Kronhusene, a residential development joint venture, Niam is now prepared to further expand the build-to-rent (BtR) platform, leveraging a series of well-executed projects. As of Q3, 2024, Kronhusene has already completed approximately 200 residential units, with 800 units under construction at various locations across Denmark. The aim is to build over 2,500...

Aquila Capital ’s Southern European Logistics Fund (ACSEL) has successfully acquired a state-of-the-art logistics platform in Gandra, located in the Greater Porto region of Northern Portugal. The 16,570 square metres facility, fully leased on a 20-year term, marks ACSEL’s continued commitment to expanding its portfolio of sustainable logistics assets across Southern Europe. The newly completed facility, developed by Green Logistics, Aquila Group’s logistics business, is strategically situated near major transport hubs, including Porto (25 kilometers), Porto Airport (26 kilometers), and...

Global asset manager AEW has acquired an office repositioning opportunity at 95 New Cavendish Street in London's Fitzrovia district. The transaction has been concluded on behalf of its recently announced discretionary separate account mandate for a German pension fund, which has a focus on establishing a value-add real estate portfolio in major European markets. The asset currently comprises 1,921 square metres of office space arranged over lower ground, ground and four upper floors. The building, which was last refurbished in...

GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, just set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property developments. Source: garbe-industrial.de/en on the 11th of November, 2024 https://www.garbe-industrial.de/en/garbe-industrial-real-estate-expands-in-romania/