Industry News

Edmond de Rothschild Real Estate Investment Management (EdR REIM) has significantly exceeded the €300 million of investor capital it set itself as a target for its new panEuropean real estate debt platform. Not only has it raised more than €170 million for its pan-European High Yield Real Estate Debt Fund I upon final close in December 2022, but has a further €180 million via a separate fund dedicated to one German institutional investor taking the total capital raised for its...

Amundi, the European asset manager, is a quarter of the way towards its €600 million target for Amundi Commercial Real Estate Loans II (ACREL II), the second vintage of its senior European real estate lending fund. So far, the company has raised €150 million for the follow up to ACREL I, which raised €443 million from leading European institutional investors and built a diversified, portfolio. For the new vehicle, Amundo is investing in major economies of the euro zone, with...

Patrizia, the Germany-headquartered global real asset investor, has strengthened the management of its core open ended PanEuropean Property Limited Partnership via the hire of former LaSalle professional, Andrew Hook, as its new fund manager. Reporting to long-standing fund director, Flavio Casero, the new recruit will help lead the fund and drive the performance and future growth of the portfolio. The fund was recently awarded a 5-star GRESB score, reflecting its Net Zero Carbon strategy, and has ranked first amongst its...

Real estate investment manager Clarion Partners has appointed Christian Schulte Eistrup as a managing director and co-head of EMEA distribution. Based in London, Schulte Eistrup will work alongside co-head Jeroen Verheijden to distribute Clarion Partners’ global real estate investment solutions to investors across Europe and the Middle East, focused on product development, capital raising, and client management. Schulte Eistrup joins from KGAL where he served as head of international institutional business and as a member of the firm’s investment committee...

Global investment giant AXA IM Alts has appointed Filipe de Sá Pessoa to the role of head of development, Germany. De Sá Pessoa, who is based in Frankfurt, brings 15 years of experience in real estate development, investment management and design. He will be responsible for leading AXA IM Alts’ development activity across Germany, as well as further expanding the business and strengthening AXA IM Alts’ network of partners. Prior to joining AXA IM Alts, he spent nearly five years...

CBRE Investment Management has appointed Chris Burgess as ESG lead for indirect real estate. The appointment is part of CBRE IM’s sustainability vision, which focuses on bringing positive change across the firm’s global indirect investments. Burgess joins from ESG consultancy Evora Global, where he developed ESG strategies for international real estate investment companies. Since 2007 he has spent his career in the sustainability space, including working on development practices across major infrastructure and real estate construction projects for engineering consultancy...

Candriam Group, a New York Life Investments Company, today announced that it has reached an agreement to purchase an additional 31% interest in pan-European real estate investment manager Tristan Capital Partners, taking its total investment to 80% by mid-2023. The remaining 20% of Tristan will continue to be held by its senior team, ensuring the long-term alignment of interests and continued incentivisation of its growing team. Tristan, which manages over € 15 billion of assets for institutional and private investors...

The Catella Elithis Energy Positive Fund (CEEPF) has acquired a 64-apartment project in Mulhouse, north-eastern France, to be developed by its partner Elithis Groupe, the French sustainable engineering company. The real estate investment vehicle focuses on residential developments which produce more energy from renewable sources than is used by the buildings and tenants. The low-carbon energy-efficient Elithis Towers produce energy from solar panels on the roofs and facades. CEEPF invests as a ‘dark green’ Article 9 impact fund, under the...

AXA IM Alts has acquired The Ridge, a modern 300 unit multifamily residential complex in Delft, The Netherlands. Delivered in two phases in 2018 and 2020, the building comprises a mix of semi-furnished and furnished apartments and studios, over five floors. Residents benefit from a range of high-quality amenities including an in-house gym and sauna, lounge areas, as well as a private common garden that runs alongside a canal. The Ridge is currently fully occupied by a mix of young...