Industry News

UK social impact investor Civitas Investment Management has announced the hire of Lisa Feifer as head of investor relations. Feifer has been engaged in real estate fund management and global capital raising for over 20 years. She has extensive experience and a proven trackrecord, having spent over thirteen years at Orion Capital Managers, where she was a partner specialising in Investor Relations and responsible for capital formation. Prior to that, she held senior positions at Lehman Brothers, Grove International Partners...

Leading diversified professional services and investment management company, Colliers today announced the expansion of its existing UK Debt Advisory team to now cover the EMEA region. The expansion of the team’s scope, headed by Ben Thomason, is to maximise the potential for clients in the currently challenged Capital Markets where the demand for bespoke real estate financing solutions is paramount. This latest strategic decision follows the appointment of Luke Dawson as head of Global Capital Markets & EMEA and the...

La Française Real Estate Managers (REM) has announced the appointment of Thierry Molton and Guillaume Allard to the executive board, effective from April 2023. They will be succeeding Marc-Olivier Penin and will be responsible for the comanagement of La Française REM's “Retail” division, in charge of the real estate offer tailored to private clients, including collective real estate investment vehicles and unit linked vehicles for insurers. David Rendall will continue to manage La Française REM's “Institutional - France and International”...

German property investor HIH Invest Real Estate has announced the acquisition of an office property located at Justus-von-Liebig-Strasse 28 in Bonn, Germany, in an offmarket transaction. The property was sold by a joint venture between property developer Ten Brinke and BLI Invest for an undisclosed amount. The acquisition took the form of a forward-funded club deal arranged on behalf of institutional investors. The five-storey stand-alone building, which has two basement levels and a landscaped rooftop patio, occupies a plot of...

Convenience real estate investor Mitiska REIM has formed a joint venture partnership with Belgian self-storage firm Storo, with plans to roll the concept out to more European markets in due course. Under the JV agreement, Mitiska REIM has acquired a stake in Storo’s selfstorage sites on behalf of its flagship MEREP 3 (Mitiska European Real Estate Partners 3) fund. Financial details were not disclosed. The company has two operational sites in Belgium with a third due to open this summer...

UBS agreed to buy Credit Suisse for €3.013 billion after a frantic weekend of negotiations brokered by Swiss regulators to safeguard the country’s banking system and attempt to prevent a crisis spreading across global markets. The historic deal follows five days in which the Swiss establishment raced to end a deepening crisis at Credit Suisse that threatened to topple the country’s second-largest lender. An emergency SFr50bn (€50 billion) credit line provided by the Swiss National Bank on Wednesday failed to...

BNP Paribas Real Estate Investment Management (REIM) France announced the off-plan acquisition of a residential building located 26-34 avenue Pierre Curie in Saint-Cyr-L’Ecole (78), on behalf of Danish investor PFA Pension . The asset is a residential building with a total surface area of 2,800 squared metres that will be developed by Pitch Immo and delivered during Q4 2024. It will be composed of 47 flats divided on 3 floors with a balanced offer from studios to 5-room apartments to...

PGIM Real Estate, investing on behalf of its UK affordable housing strategy, has bought a portfolio of 918 single-family homes from Goldman Sachs Asset Management. The €190 billion real estate investment manager’s UK Affordable Housing strategy has invested an undisclosed sum to buy the assets located in Manchester and Liverpool across fifteen schemes. UK Affordable Housing, launched in December 2020, has so far invested £300 million across 27 different housing schemes, according to PGIM Real Estate. Source: realassets.ipe.com on the...

United Benefits Holding is entering the Polish real estate market: By acquiring the 16,000 sqm Silver Forum office building in Wroclaw, the full-service provider for real estate services is positioning itself along the entire value chain. The company plans to optimize the property with a focus on ESG standards and mobility, thus leveraging the property’s value-add potential. The core vision: a modern office complex at the gates of the historic city centre. United Benefits plans to redesign the facade and...