Industry News

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

The Catella Logistics Germany Plus Fund (CLD+) has acquired a 35,000 square meters logistics warehouse at Business Centre Treeport in Rijsbergen to the south of the Dutch city of Breda and close to the border with Belgium. According to the Dutch land registry, the deal amounted to just over €35 million. The modern warehouse asset comprises 29,688 square meters of warehouse, 3,368 square meters of mezzanine/showroom space and 732 square meters of offices, and is designed to meet the highest...

Valor Real Estate Partners (Valor), Europe’s fastest growing last mile real estate specialist, has acquired a 12,632 square meters urban logistics property in Waddinxveen, near Rotterdam, from Wayland Real Estate. The deal amounted to around €27 million, according to the Dutch land registry. It follows Valor’s debut transaction last month in what is one of Europe’s dominant logistics markets, and where Valor has ambitions to significantly and rapidly scale. The single tenant property, which was developed by Wayland in 2021...

Commerz Real has sold the Paternoster Square office and commercial building in London to a consortium comprising CLI Dartriver and unspecified European family offices. Commerz Real said it sold the fully-leased 1,897 square meters asset, which was held within its open-ended real estate fund Hausinvest, but did not disclose the price. Source: realassets.ipe.com on the 6th of June https://realassets.ipe.com/news/commerz-real-sells-paternoster-square-office-in-london/10073685.article

LaSalle Investment Management ’s fourth European real estate debt fund has provided a €150m loan facility to refinance a portfolio European logistics assets owned by Brookfield . The manager’s LaSalle Real Estate Debt Strategies IV is refinancing the portfolio of 17 big-box logistics assets owned by Brookfield funds. Brookfield has formed a partnership with development managers Panattoni and Logistik Service. The venture will focus on identifying potential projects, development activities, and leasing agreements across Sweden, Spain, Germany and Poland. The...

UK affordable homes provider Vistry Group is selling 1,750 new homes to Blackstone ’s real estate arm and Regis Group. Vistry said the pre-sold portfolio, which will cost £580 million (€680.7 million) to develop, is concentrated in South East England. Construction of the first homes is expected to be finished by June 2024, with most of the homes completed within two years. Source: realassets.ipe.com on the 4th of June https://realassets.ipe.com/news/blackstone-and-regis-group-acquire-1750-new-uk-homes-from-vistry/10073636.article

Arrow Global is strengthening its servicing offering in Germany by acquiring a local real estate developer in a deal expected to help the firm’s regional expansion in servicing and equity investments. Through its German business, the alternative asset manager, specialising in credit and real estate, has invested an unspecified amount to acquire the operating platform and assets of Interboden, a company founded in 1950. Interboden, which specialises in residential development, currently manages projects with a gross development value of over...

Bouwinvest Real Estate Investors has appointed Paul van Stiphout as Fund Manager Dutch Residential Investments effective 1 June 2024, after he filled this position on an interim basis. In his new position, Paul is responsible for the investment strategy and fund management of the Bouwinvest Dutch Institutional Residential Fund. Source: press release sent 3rd of June

Swedish real estate investor Revelop has acquired 11 assets in two separate transactions after securing more than SEK 2,4 billion in new equity commitments for its latest flagship value-add fund. One of the transactions is a SEK 900 million acquisition from Castellum. Revelop, the Stockholm based Sweden focused real estate investor has secured new equity capital commitments exceeding SEK 2.4 billion for its latest flagship value-add fund. The capital comes from a combination of existing and new institutional investors, with...