Industry News

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...

KKR, investing on behalf of its European real estate core-plus strategy, has acquired two multifamily blocks in the UK from Quintain. The global investment firm has invested an undisclosed amount to buy Alameda and Beton, comprising 490 build-to-rent units together with around 40,000 square feet of retail and leisure space in Wembley Park. Source: realassets.ipe.com on the 22nd of January https://realassets.ipe.com/news/kkr-buys-two-uk-multi-family-blocks-from-quintain-in-core-plus-strategy/10071123.article

Kryalos SGR, managing the All Star fund backed by Blackstone, has finalised the sale of a landmark building on Piazzale Loreto in Milan to Corum AM for its Corum Eurion fund. Designed by architect Giulio Minoletti in the late 1950s, Palazzo di Fuoco was acquired by the All Star fund in 2017. Kryalos SGR then spearheaded a transformative redevelopment between 2018 and 2023 under GBPA Architects. The redevelopment team restored the building to its original state, highlighting the innovative features...

Barings has acquired a 78,000 square metres site in Italy from a private Italian company to develop a logistics project. The manager has invested an unspecified amount through an Italian real estate fund managed by Savills IM SGR, to acquire the site in Balocco on behalf of its pan-European logistics joint venture PELV. The site in the Province of Vercelli has planning consent for the development of a 33,000 square metres logistics warehouse. The Balocco acquisition is the second investment...

Schroders Capital’s renewables arm has set up a semi-liquid fund to make investing in renewable energy and energy transition infrastructure easier and more flexible for investors. Schroders Greencoat said it has launched the Schroders Capital Semi-Liquid Energy Transition Fund aimed at “boosting our clients’ access to both private assets solutions which offer new and diversifying return streams, as well as energy transition investment solutions”. The semi-liquid structure will enable Schroders Greencoat to invest in illiquid infrastructure assets with a long-term...

Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, has acquired a modern warehouse in Coventry from BlackRock’s UK Property Fund for £28.3 million (€32.9 million). The deal represents the first investment on behalf of Clarion Partners Europe’s core-plus, closed ended UK logistics fund, which last month achieved a final close with £427m of equity commitments. Located on Middlemarch Business Park, an established Golden Triangle distribution hub, the 208,000 square feet property is leased...

Ofi Invest Real Estate has announced the appointment of Vanessa Fredon as property management director. Fredon’s main role will be to oversee the Property Management activities of Ofi Invest Real Estate SAS, which houses the lease management and technical teams. Fredon and her teams will cover a portfolio of over 200 property assets in France, out of a total 220 property assets located in four European countries, managed in direct by Ofi Invest Real Estate on behalf of its mandates...

Aviva Investors has acquired a £150 million (€175 million) portfolio in the UK’s direct-let purpose-built student accommodation (PBSA) sector, expanding its portfolio focus. The global asset manager said it has acquired six student housing assets located in Edinburgh, Liverpool, Exeter, and Falmouth, as well as a complementary commercial asset in Liverpool spread over 65,000 square feet and offering mixed-use leisure and retail spaces including hospitality, hotel and supermarket facilities. Source: realassets.ipe.com on the 18th of January https://realassets.ipe.com/news/aviva-expands-uk-portfolio-with-150m-student-housing-acquisition/10071084.article

AXA IM Alts is making its first investment in the UK film and television studios sector with the acquisition of the BBC Elstree Centre in London. The global manager, investing on behalf of clients, has agreed to acquire the 16-acre campus in northwest London in a deal that involves the BBC leasing back part of the studio campus for 25 years. IPE Real Assets understands that the BBC Elstree Centre in Borehamwood was sold for around £70 million (€81.3 million)...