Industry News

Stichting Pensioenfonds voor de Woningcorporaties (SPW), (Dutch pension fund for housing corporations) has appointed a.s.r. real assets investment partners as real estate oversight manager. a.s.r. real assets investment partners will, in that capacity, transform the existing real estate portfolio on behalf of SPW into a predominantly European unlisted portfolio, and ultimately manage it actively. SPW’s new portfolio will have a size of at least € 1 billion with a firm focus on Dutch residential properties, while also allowing for global...

Edmond de Rothschild Real Estate Investment Management (REIM) has completed the Lace Market Quarter build-to-rent development in Nottingham for its UK residential investment platform. Located at 10 Short Hill, the development is a partial refurbishment of Grade II-listed buildings and a partial new build. It provides 117 studio, one and two-bed apartments for rent across four adjacent blocks, linked by a central, communal landscaped courtyard. The unit mix along with 27 lower ground parking spaces meets the strong demand in...

Leading Nordic real estate investor Nrep has announced the construction of a six-storey timber residential building in Nordhavn (North Harbour), Copenhagen’s new sustainable harbourside city district. The 13,100 sq m development will have the lowest ever carbon emissions for a building over four floors in Denmark due to its wooden construction. Denmark has a long history of sustainable architecture and green construction practices. The country has just passed new legislation that further tightens the level of CO2 that is permitted...

Catella Real Estate AG (CREAG), in cooperation with Catella Investment Management Benelux (CIMB), is acquiring a sustainable logistics property in the Treeport business centre in Rijsbergen, south of the Dutch city of Breda, for the special AIF "Catella Logistik Deutschland Plus" (CLD+). The seller is Poppelaars Properties. Tierra Outdoor is a tenant in the property. The other rental units are leased to the 3PL companies Oostvogels Logistics (part of the Neele-Vat Group) and Kennis Transport & Logistics. Source: https://europe-re.com/catella-acquires-sustainable-logistics-property-in-breda-nl/73103 on...

European privately-owned real estate manager Redevco has appointed Veronica Gallo-Alvarez as head of Investment Management, effective July. Based in Paris and reporting to CEO Neil Slater, Gallo-Alvarez will be responsible for investment outcomes, transaction management and research & strategy. Gallo-Alvarez is to join Redevco in July from global asset manager abrdn, where she was head of Core European Funds responsible for multi-sector strategies investing in commercial pan-European real estate. Source: propertyeu.info on the 13th of June https://propertyeu.info/Nieuws/Redevco-hires-abrdn-exec-to-lead-investment-management-business/abe4245c-4012-498d-9af0-93fdfa276c95

The Catella European Residential III fund (CER III) has acquired a 177-unit fully rented student housing asset in Leipzig, in the eastern German state of Saxony for around €23 million from the Family Office Drengenberg. The acquisition of the 3,520 square meters asset takes CER III’s total assets under management to €800 million. The fund is managed by Berlin-based Catella Residential Investment Management (CRIM). The asset is located in a lively diverse neighbourhood populated by students, artists and sub-cultures with...

Slate Asset Management has expanded its real estate footprint in the Nordics with the acquisition of a NOK1.3 billion (€113 million) seafood refrigeration and distribution facility in Norway’s capital. The real assets investment manager said it has acquired the newly constructed World Seafood Center facility in Gardermoen from Oslo Airport City. Slate AM said the 55,000 square meters facility in Oslo is let to some of the largest seafood tenants in the world, including Mowi, under long lease terms indexed...

European real estate investment manager Azora has bought two hotels in the capital of Belgium on behalf of its APG-backed hotel and logding fund. The Madrid-based manager said it has completed the acquisition of the Hotel Berger and Hotel Jardin Secret hotels and two adjacent buildings to the hotels in central Brussels on behalf of its Azora European Hotel and Lodging Fund. Financial details were not disclosed. Azora said the two adjacent buildings provide the firm with an opportunity to...

Spanish real estate developer Kronos Real Estate Group is investing €127 million in one of the largest new housing developments in the Barcelona area. The project in the municipality of Sant Pere de Ribes will feature 500 homes, catering to both purchase and rental options, and will boast extensive green spaces. Kronos Homes, a brand under the Kronos Real Estate Group umbrella, will spearhead the construction. Source: propertyeu.info on the 7th of June https://propertyeu.info/Nieuws/Kronos-invests-127m-in-new-Barcelona-resi-project/4f3587c3-bd41-4010-9f2f-77d7893cdeb3