Industry News

Hines , the global real estate investor, developer and manager, has secured over €1 billion of equity commitments for its Hines European Property Partners fund (“HEPP” or “the fund”). The figure has been reached in July 2024 following an acceleration of commitments from existing and new partners over the last quarter, illustrating both renewed confidence in the market and conviction in Hines’ track record of executing its fund strategies. Source: Press release sent 24 July 2024

Moorfield Group , the UK-focused real estate investment manager, has raised an initial £330 million for MREFV - the latest fund in its flagship value-add series - and co-investment initiatives, so far. The total equity raised came from institutional investors based in Europe, North America and Japan, including Moorfield’s first UK-domiciled investors (university college endowments). Moorfield’s ‘hub-and-spoke’ model incorporates MREFV as the ‘hub’, with sector-specific side-car vehicles as ‘spokes’, that are seeded by the ‘hub’ and grown with additional co-investment...

PGIM Real Estate has sold an open-air hospitality portfolio of premium ‘resort-style’ camp sites in Veneto and Tuscany Italy to Sandaya, one of the leading campsite operator in Europe. The sale is on behalf of PGIM Real Estate’s European value-add strategy. PGIM Real Estate is the $206 billion real estate investment arm of PGIM, and the third largest real estate firm globally. Since 2021, PGIM Real Estate has built its portfolio of premium open-air hospitality sites through strategic acquisitions of...

Stoneweg , the real estate investment company, and Bain Capital, the global private equity firm, through their hotel real estate joint venture, have sold the Casa Lit Barcelona hotel to Grupo Hoteles Gargallo. Situated in the heart of Barcelona just 400 metres from Las Ramblas, the 4 star hotel was constructed in 2010 on the site of the former Colón theatres. It comprises 89 rooms, blending historic charm with contemporary design. Since taking over the management in 2022, Stoneweg Hospitality...

Scaler , a platform for decarbonising real estate with machine learning, ESG data collection and reporting, has raised $10 million USD led by Plural in Series A funding. The funding, which included participation from previous investor Base10, will be used to further develop the product, grow the engineering team and expand to new markets beyond Europe, to set a new standard in ESG decision-making. Real estate is the world’s largest polluting industry, contributing nearly 40% of global emissions, of which...

IPIM in partnership with Heed and Amro Partners secured development financing for their 221-bed PBSA development in Valencia with a €19.15 million, 3-year development facility funded by FERED. This is the second loan facility extended between Fiera and an Amro-managed PBSA deal, following the completion of another prior development loan for Amro’s Alicante PBSA project in March 2024. Amro Valencia Puerto is Amro’s second PBSA scheme in Valencia and tenth in Iberia, after making its first investment in 2012. The...

Clarion Partners Europe, the real estate investment fund manager specialising in European logistics and industrial assets, announced it has completed a €54 million senior debt facility with ING Bank, secured against three Dutch warehouses, two of which were acquired in 2024. The transaction is the sixth financing between the two parties since August 2023, totalling €347 million. Secured against 27 properties totalling 800,000 square metres across the key European logistics markets of the Netherlands, Germany, France and the UK, all...

Last week marked the completion of Nautical NDSM, a new urban block located on the iconic NDSM Wharf on the northern banks of the River IJ in Amsterdam. The project, developed by G&S& (an award-winning area developer and part of VolkerWessels), consists of 268 apartments, an office building, commercial facilities, a courtyard garden and a parking garage. Real estate investor Altera Vastgoed NV (Altera) has acquired and will rent out 157 mid-rent apartments, 24 private sector rental apartments, 951 square...

Aviva Investors, the global asset management business of Aviva plc, announces it has agreed to forward fund the creation of 101 single-family homes in Cambridge, continuing its development partnership with Packaged Living, the UK’s leading sustainable living specialist. The homes, which will be delivered by Barratt Homes, the country’s largest housebuilder, will form part of the Franklin Gardens community within the wider Darwin Green masterplan. Situated on the northwestern edge of Cambridge, Darwin Green is expected to deliver more than...