Industry News

The Bouwinvest Healthcare Fund has acquired a €97 million healthcare real estate portfolio of 11 private residential care complexes in the Netherlands from care home operator emeis. The portfolio consists of five recently completed projects in Best, Ede, Emmeloord, Heerenveen and Middelburg and six projects yet to be built. Wonen bij September, which is part of emeis, provides the care in the residential care complexes. The target group of the complexes are senior citizens with more intensive care needs. Bouwinvest...

Valor Real Estate Partners (“Valor”), Europe’s fastest growing last mile real estate specialist, has completed the acquisition of two multi-let urban logistics assets in London, in separate transactions, for c.£25 million. The highly reversionary, modern properties, totalling c.72,000 square feet of lettable space, are located in established industrial submarkets, and extend Valor’s UK portfolio to 54 assets across 5.2 million square feet , in what is Europe’s dominant e-commerce centre. In Staines, West London, Valor has acquired two units totalling...

Mitiska REIM, the leading specialist investor in European convenience real estate, has today announced the opening of a new food-anchored retail park in the Polish city of Świebodzin. Developed in partnership with Karuzela Holding, this is the tenth project undertaken by Mitiska REIM and Karuzela over the past five years, with five more developments planned to open over the next two years. Comprising 19 units with a gross leasable area (GLA) of 11,450m2 and parking for 330 cars, the new...

(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has acquired three industrial units in Hampshire, known collectively as Trilogy Park. Located in Segensworth Business Park and part of Concorde Way, a well-established and important industrial location on the South Coast of England, the three units together provide more than 125,000 square feet of space spread over 5.8 acres and are currently fully-let. All three units are currently undergoing an extensive refurbishment programme to upgrade...

AEW, one of the world’s leading real estate investment and asset managers, announces that it has received a resolution to grant planning permission to transform the former Debenhams department store in Bristol into a residential led mixed-use development, which will comprise more than 500 new rental homes, 100 of which will be affordable. The project, which has been designed by AWW Architects, will regenerate this important and prominent site on the edge of Bristol’s Broadmead shopping district into a lively...

29 April 2024, London: Hearthstone Investments, an investment manager focused on affordable private rented housing in the UK, has acquired 45 new houses in Exmouth. The properties, near the South West Coastal Path in East Devon, were purchased from 3West Group, on their Goodmores scheme. 3West Group is a privately owned, regional SME developer, operating across the South West of England. Hearthstone Investments’ proposition focuses on the delivery of private rented housing for people on average incomes. The investment strategy...

Alma Property Partners and Rexbo Gröna Industrihus acquired the light industrial property, Tidmätaren 1, in Sollentuna from Rikshem AB (publ). The property comprises a leasable area of approximately 4,200 square metres with a plot area of approximately 8,900 square metres and the building is fully leased by five tenants. The property is strategically located only 15 km from Stockholm and is near the E4 highway and close to the northern entrance of the new bypass highway currently under construction. Source...

Barings has acquired a plot of land for the development of its first purpose-built student accommodation (PBSA) scheme in Italy, completing on a brownfield site in Rome, on behalf of its second European real estate value-add fund (BREEVA II). Purchased through an Italian real estate fund managed by Savills IM SGR, Barings has acquired the 25,000 m2 site from an Italian company that is owned by BNL BNP Paribas. Financial details were not disclosed. The disused site in the east...

A partnership comprising Amro Partners, IP Investment Management (‘IPIM’) and Heed Capital (‘Heed’) has secured planning approval for Amro Valencia Puerto, Amro’s second PBSA asset in the city and IPIM & Heed’s maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with construction now commencing on site. The €29M GDV project will deliver 221 new student beds on a c.2,000 square metre site just outside the newly regenerated Avenida del Puerto, a major avenue...