Industry News

Hamburg, 02 February 2024 – Effective as of 1 January 2024, Cordelia Grabosch (40) has assumed the role of Department Head Risk Management at IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH. She succeeded Annika Dylong to the job, who was appointed Managing Director of REAX Advisory GmbH. After her professional training as banker, Cordelia Grabosch obtained a degree in business administration and went on to enrol in a work-study program at EBS University, completing it with a degree in real estate...

Bouwinvest has appointed Annemarie Maarse as Head of Asset Management, effective 1 June 2024. In this new role, Maarse will be responsible for the overall asset management of Bouwinvest's Dutch real estate investment portfolios. Annemarie Maarse is a seasoned real estate professional with extensive asset management experience at Achmea Real Estate and Altera Vastgoed. Bouwinvest tightened its strategy in 2023 and this led to changes in the structure of the organisation. For one, asset management will now be organised differently...

Dutch pension investment manager APG will focus its infrastructure strategy on its commitment to the energy transition in 2024. APG’s new strategy is based on five themes: decarbonized mobility and transport; clean and connected renewable power; equality and quality of life; a circular economy and digital infrastructure with enhanced connectivity. APG manages the assets of the largest pension fund in the Netherlands, ABP, which has three million participants and $545 billion (€502 billion) in assets. APG is a direct subsidiary...

Abrdn’s open-ended European fund raised a further €100 million during the final quarter of 2023, after receiving capital commitments from new and existing European institutional investors. The manager said the Abrdn Pan European Residential Fund (aPER), which secured the capital through three separate commitments, now has €1.7 billion in gross asset value (GAV), with a plan to more than double the size of the fund to €4 billion GAV in the medium term. The aPER fund’s portfolio currently includes 49...

Invesco Real Estate said it has launched a direct global real estate fund exclusively for UK defined contribution (DC) pension schemes. More than two years ago, Invesco said it was opening its Global Real Estate Fund to UK DC pension schemes, but the newly launched Invesco Global Direct Property Fund (GDPF) is the first to target DC investors in the UK specifically, with liquidity terms designed for DC schemes, platforms and master trusts. Source: realassets.ipe.com on the 24th of January...

Octopus Energy’s renewables arm has marked its entry into Germany’s solar farm market with the acquisition of two assets. Octopus Energy Generation, investing on behalf of its Sky Fund, has invested undisclosed sums to acquire the 122MW Schiebsdorf solar farm in Brandenburg and the 20.8MW Hartungshof solar farm in the vicinity of Saarbrücken in Saarland. The Schiebsdorf solar farm was acquired from Ib vogt, and the Hartungshof solar farm was acquired from Greencells Group Holdings. The Schiebsdorf solar farm, the...

La Française Real Estate Managers (REM) has acquired a coliving residence for seniors in France for an unspecified amount. The 19th century private hotel, the former home of the painter Dunoyer de Segonzac, was acquired for a collective real estate investment vehicle. It is located at 9 Avenue Sainte Marie in Chaville and operated by Chez Jeannette under a 12-year lease. The asset offers a surface area of 310 square metres spread over four levels and will be transformed into...

Hines, through its European core-plus property fund, has acquired its first asset in Sweden through a sale and leaseback. The global real estate fund manager is investing SEK1.35 billion (€119 million) on behalf of its Hines European Property Partners (HEPP) to buy a production facility being built in Jönköping from kitchen furniture company Nobia. The transaction included Nobia entering a 20-year rental agreement on the property with HEPP, with an option to extend the agreement for a further 20 years...

Macquarie Asset Management has raised over €8 billion for its latest European infrastructure fund. The firm said Macquarie European Infrastructure Fund 7 (MEIF7), which reached its final close last month, attracted commitments from more than 100 pension funds, insurers, sovereign wealth funds, asset managers and fund-of-funds investors. Macquarie said around 92% of MEIF7’s commitments came from investors that previously invested with the fund manager. The strategy also attracted commitments from 24 investors new to the asset manager’s platform. MEIF7 targets...