Industry News

Garbe Industrial Real Estate Netherlands, in collaboration with Hercuton, has completed and delivered a 17,130 square meters build-to suit logistics facility near Rotterdam. The asset was delivered to AFL Barendrecht, the specialist fruit and vegetables logistics company, in the Dutch Fresh Port industrial area of Ridderkerk. The project was completed ahead of the Q3 2024 target. The facility consists of a cold storage warehouse and a new head office for AFL Barendrecht. It has a gross floor area of 17,130...

The former head of European portfolio management and UK CEO of global investment manager DWS, Jessica Hardman, has co-founded a new real estate investment management business with developer Downing. Hardman has over 20 years’ experience in global real estate investment management and was recently appointed a president of the British Property Federation (BPF). The new company, named Aboria Capital, headquartered in London, intends to leverage Downing’s 35-year development and operational track record, which has seen it deliver more than £3...

Schroders Capital has purchased Brackmills Central Industrial Estate in Northampton, UK, for £35 million (€41 million) in an offmarket deal on behalf of Greater Manchester Pension Fund (GMPF). The 25,270 square metres property consists of 31 units ranging from 279 to 1,858 square metres in size, on a 7.7-hectare site. It has the potential for lease renewals in the next three years, while approximately 40% of the income is contracted outside the Landlord and Tenant Act (1954). Schroders Capital also...

Brookfield , through its real estate solutions strategy, participates in an inner-city residential development project in Cologne’s Marienburg district. The development is currently owned by real estate funds managed by Empira Group (Empira). The investment made by Brookfield will support the ongoing construction of the project, which is expected to complete by the end of 2027. In addition to the investment by Brookfield, the construction contract was secured for the whole project with MBN, a leading construction company. The project...

Nordic private equity real estate investor Slättö has invested SEK 3.1 billion (€270 million) on behalf of a new value-add fund to buy a 40% stake in a student housing portfolio in Sweden. Slättö said the portfolio, comprising 3,000 student housing units located across Sweden’s university cities, have been acquired via a joint venture with the Swedish real estate company Knaust & Andersson Fastigheter (K2A). K2A will manage the joint venture’s portfolio, which includes 75% newly constructed properties. Source: realassets.ipe.com...

Realterm has added a new truck parking facility to its extensive pan-European portfolio of industrial outdoor storage (IOS) properties totalling 16,850 square metres in Venlo, Netherlands. Located strategically in a major logistics corridor, this milestone signifies Realterm’s ongoing expansion of enhanced transportation and logistical capabilities in Europe. The modern truck parking facility is designed to meet the growing demands of the transportation industry, offering approximately 100 truck parking spaces. The project aligns with the broader infrastructure plans for Venlo, contributing...

Global alternative asset manager Tikehau Capital is investing €52 million in the development of a new business hub in Porto, Portugal’s second-biggest city. The group said on Monday that the investment in the 30,000 square metres project would be made through its real estate value-add strategy and underscores its commitment to ‘innovative and sustainable urban development’. Named Heart of Porto (HOP), the hub is a redevelopment of a complex which originally focused on retail. It is scheduled to open in...

Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a new-build, multifamily development in Amsterdam’s Ijburg sub-market in an off-market transaction on behalf of its European Living Fund. Completed in April 2023, the six-storey Juf Nienke asset consists of 61 residential units with a total NLA of 4,389 square metres, with 30 units leased in the mid-rental segment and 31 in the free rental segment. The ground floor of 817 square feet comprises of commercial space...

Niam has successfully acquired a portfolio of three healthcare and hospital properties in Finland, totalling 18,000 square metres. The portfolio comprises two properties located in central Helsinki (Bulevardi 22 and Saukonpaadenranta 2) and one in the heart of Pori (Itsenäisyydenkatu 33). The seller is the eQ Community Properties Fund. This acquisition represents Niam's first significant investment in Finland’s healthcare sector, a market that Niam views as having substantial growth potential. The primary tenants of these properties are prominent Finnish private...