Industry News

M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted properties, announces that Richard Croft has made the decision to step down from his role as executive chairman of M7. David Ebbrell, CEO and one of the founders of the business with Croft, will take over full responsibility for the management of the company, supported by the remaining six members of the M7 leadership team, which includes five co-founders. Richard’s departure comes two years after M7 was acquired...

CBRE Investment Management (CBRE IM) has appointed Kerron Lezama as a senior director in the Private Infrastructure team. Reporting to the head of Europe Private Infrastructure, Andreas Köttering, he will be instrumental in overseeing the team in unlocking global investment opportunities. Lezama joins from Ontario Teachers’ Pension Plan, where he was managing director in the Infrastructure and Natural Resources team, responsible for origination and asset management of infrastructure investments across EMEA, with a focus on regulated and unregulated utilities and...

Maurice Gauchot has joined Savills France as a senior advisor with immediate effect. He will support Boris Cappelle, CEO of Savills France, in the further development of the business. Gauchot is a recognised professional in the commercial real estate sector, and has been involved in the management of numerous companies for over 35 years. He started his career in regional planning in the town of Marne la Vallée, near Paris, before joining real estate company, Auguste Thouard. Amongst others, Gauchot...

DeA Capital Real Estate, the property arm of the Italian alternatives investment manager with around €13 billion of RE AUM, has appointed Ashley Marks as head of capital advisory. The capital markets professional, who used to work at placement agent, Capra Global Partners, and JLL, is tasked with helping source equity for JVs, club deals and investing across sectors and risk profiles. The company has offices in Milan, Paris, Madrid, Frankfurt and Warsaw and is in the midst of an...

Apleona, a European market leader in integrated facility management, based near Frankfurt am Main, today announced a merger agreement with Gegenbauer Group, one of the leading facility management providers in Germany. Headquartered in Berlin, Gegenbauer Group employs 18,000 people and generates average sales of € 900 million annually, split equally between hard and soft services. As part of the transaction, the former shareholders of the Gegenbauer Group will become shareholders in Apleona, while European private equity firm PAI Partners will...

Pbb Deutsche Pfandbriefbank has provided two credit facilities of approximately €100 million in total to property investor Realterm, which focuses on logistic and infrastructure assets in North America, Europe and Asia. The facilities comprise a seven-year €66 million French credit facility secured by a homogeneous property portfolio totaling around 72,000 metres squared of lettable area across 15 cross-dock truck terminal properties, located along key French PanEuro freight corridors and highly populated areas. Source: realterm.com on the 27th of February https://www.realterm.com/news/realterm-acquires-parcel-delivery-facility-crawley-united-kingdom

Union Investment has acquired the Westfalen Center Dortmund. Located close to Dortmund city centre, the campus property comprises an office building that incorporates a hotel. The campus occupies a 10,062 metres squared site, with around 30,415 metrs squared of rental space and 442 parking spaces. The vendor is Swiss investor AFIAA Investment Foundation for International Real Estate Investments. The purchase price was not disclosed. Built in 1996, the property was renovated in 2012 and 2019 and currently has 33 tenants...

Stable Income Europe Real Estate Fund – Macquarie II (SIEREF - Macquarie 2), jointly advised by Macquarie Asset Management and MAPFRE, has acquired an office building in Berlin from a fund managed by Ardian. The eight-story property spans approximately 13,000 metres squared. It is almost fully leased to strong covenant tenants and offers income security and rental upside potential. Located in the central Wilmersdorf district, the building offers great connectivity to other areas in Berlin and is in close proximity...

The Italian investor is said to have sealed the acquisition of Munich’s Pep shopping centre while announcing the sale of 50% of City landmark, One Fen Court. Generali has not confirmed the acquisition prices but the two transactions are said to total approximately €800 million. The group, in a JV with Cura, has been the front-runner to buy the 60,000 metres squarred Munich mall from Nuveen for some months and received the green light for the transaction from the EU...