Industry News

Azora, the Madrid-based European real estate investment manager, has completed the acquisition of the Pestana Blue Alvor, a five-star hotel in Portugal’s Algarve region, on behalf of the Azora European Hotel & Lodging, F.C.R. (“Azora EH&L” or the “Fund”), from Pestana Hotel Group, the largest multinational hospitality group of Portuguese origin. Constructed in 2019 by the Pestana Hotel Group, the 120,000 square metres 5 star resort comprises nearly 500 rooms alongside six restaurants and bars, six indoor and outdoor swimming...

Moorfield Group, the UK-focused real estate fund manager (“Moorfield”), announces that it has sold, on behalf of its Moorfield Real Estate Fund III (“MREF III”) and Moorfield Real Estate Fund IV (“MREF IV”), two purpose built student accommodation (“PBSA”) schemes, totaling 789 beds, to a joint venture established between Ares Management (“Ares”) funds and Generation Partners LLP (the “JV”). Hox Park, located in Egham, Surrey, provides state-of-the-art accommodation to students of Royal Holloway, University of London, which was recently ranked...

Macquarie Asset Management, on behalf of the Macquarie GLL European Property Fund, will expand its presence in France by acquiring two logistics facilities in a forward funding agreement with Linkcity, a subsidiary of Bouygues Construction. Logisterra consists of two state-of-the-art facilities totalling 102,000 square metres which are due to be completed in Q3 2023. Strategically located in the major logistics hub of the Hauts-de-France region, the properties will benefit from direct access to France’s largest ports of Calais and Dunkirk...

Macquarie Asset Management, on behalf of its European Logistics Real Estate Fund, has agreed to acquire a state-of-the-art logistics and warehousing facility currently under development near Warsaw from Logistic Property Investment, owned by Żabka Group and managed by Żabka Property Fund. The 60,000 square metres facility will be one of the most technically advanced distribution centres in Europe when it is completed later this year, powered by trigeneration and solar, and equipped with cutting-edge autonomous fulfilment technology. The facility is...

Deka Immobilien has exchanged contracts to secure the purchase of a new building project in the Paris metropolitan region of Île-de-France for EUR 160 million. The seller is Gemfi, the development arm of the French real estate company Gicram Groupe. The e-commerce fulfilment centre will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa. "Project Tailor" in Montereau-sur-le-Jard offers more than 141,000 square metres of leasable space, 1217 parking spaces for cars and 66 parking spaces for...

Hines European Property Partners (HEPP) aims to attract EUR1bn in investor equity from global investors in the first 12 months following its launch Hines, the global real estate firm, today announced that Hines European Property Partners (“HEPP” or the “fund”), its new diversified, open-ended core-plus fund focused on key European markets, has secured c. EUR800 million of equity commitments from investors at its first closing, less than three months after the fund’s launch. Embarking on an accelerated programme of equity...

Invesco Real Estate (Invesco), the GBP67.8 billion global real estate investment manager, and Barwood Capital Ltd (Barwood) announce today a partnership to build a portfolio of urban/last mile high quality industrial and logistics warehouses across the UK. The strategic partnership will focus on creating sustainable industrial product through speculative development, asset management or re-positional opportunities, concentrating on locations with strong rental growth prospects and occupier demand. Andy Rofe, Managing Director at Invesco Real Estate Europe, said: “With further pressure on...

Global real estate advisor CBRE has announced the appointment of Allan Wickham as head of occupier within its ESG Consultancy team. Wickham joins CBRE from NatWest Group, where he led the bank’s climate strategy for its global operations. As head of Climate and Data Services, he was responsible for delivering Net Zero Carbon for NatWest’s own operations in 2020 and Climate Positive in 2022, achieving over 70% carbon reduction, delivering renewable energy procurement and power purchase agreements, and establishing nature-based...

CBRE Investment Management (CBRE IM) has appointed Jenny Tuleby as head of transactions and investment operations for the Nordics. Tuleby will be responsible for implementing the Nordics transactions strategy, executing acquisitions and disposals as well as having overall responsibility of managing the CBRE IM Nordics team. Rik Eertink, president, EMEA real estate division at CBRE IM, said: 'Jenny’s career to date is highly impressive and she has built a strong reputation in the Nordics, developing her expertise and growing market...