Industry News

Real estate investor Nrep has expanded its residential portfolio in Sweden’s capital with the acquisition of two apartment complexes from Magnolia Bostad. Nrep has invested an undisclosed amount on behalf of its perpetual open-ended core-plus vehicle Nrep Income Plus fund to buy the two sites in central Stockholm comprising 524 homes for rent. The assets are located in the Ångloket neighbourhood in Knivsta and the Brogårdsstaden district in Upplands-Bro. Source: realassets.ipe.com on the 5th of July, 2024 https://realassets.ipe.com/news/nrep-expands-residential-portfolio-in-swedens-capital/10074478.article

Effective from 1 July, a.s.r. real estate has acquired the Beijerinck Center and the Van Iterson House from dsm-firmenich on behalf of the ASR Dutch Science Park Fund. These multi-tenant buildings at the Biotech Campus Delft house biotechnology start-ups and scale-ups and offer shared facilities such as a restaurant, gym and meeting rooms. Planet B.io is building the ecosystem and community at Biotech Campus Delft on behalf of the ASR Dutch Science Park Fund, supporting the fund in developing the...

Invesco Real Estate is to develop a 261-bed purpose-built student accommodation (PBSA) asset in the northwest of England via a partnership with developer Alumno Group. Set to complete in the third quarter of 2026, the development site in Manchester has been acquired on behalf of Invesco Real Estate Europe Fund III (Europe III), the manager’s third European value-add strategy. The 50,000 square feet property will comprise 207 cluster beds, of which 52 will be affordable, and 54 studios. Source: realassets.ipe...

Nuveen Real Estate , one of the largest real estate investment managers in the world1 with $147 billion of assets under management, has acquired a newly constructed logistics asset in Horsens, Denmark, via an off-market transaction for €33 million. The acquisition was made on behalf of the European Core Plus Logistics strategy which was launched in 2022 and targets core plus investments across both standing and development assets. The asset is Nuveen Real Estate’s first logistics investment in Denmark, with...

Harrison Street , the alternative real assets investment management firm, has appointed Mina Kojuri as MD, head of investor relations Europe. Kojuri has been elevated from director investor relations, a position she has held since 2022 having joined from AEW in a similar role. She is also a member of the board of directors at Women in Real Estate (WIRE). Source: propertyeu.info on the 3rd of July, 2024 https://propertyeu.info/Nieuws/Harrison-Street-elevates-Mina-Kojuri/ac7e5480-ed20-42bb-894d-9d7b7fae23ec

Global real estate advisor, CBRE , has appointed Anurag Sharma as an Executive Director and Head of Loan Advisory in the Loan Servicing team, led by Clarence Dixon. In his new role, Sharma will be responsible for helping European clients navigate distressed debt situations as well as running CBRE’s loan valuation platform, currently the largest in Europe at €22 billion. Sharma joins from Lone Star, where he was responsible for investments across Europe, covering distressed debt and real estate. Prior...

Aviva Investors , the global asset management business of Aviva plc, announces it has completed the acquisition of Brunel Retail Park in Reading. Consisting of six modern retail units and including two restaurants, Brunel Retail Park offers more than 117,000 square feet of lettable space, with units ranging from 1,009 square feet to 35,500 square feet. It is currently home to a number of household names including Halfords, Pets at Home, B&M, Homes Bargains, Dreams and The Range. The Park...

Paris-headquartered La Française Real Estate Managers (REM) has appointed Antoine Le Treut as deputy managing director, in charge of the institutional division for France (asset and fund management), effective 27 June. In this capacity, Antoine Le Treut succeeds David Rendall, who will focus on developing La Française REM's international real estate business. Since joining La Française in 2014, Rendall has spearheaded the expansion of international real estate asset management, including establishing a presence in Seoul and Singapore. Le Treut will...

Real estate investment manager Savills Investment Management has sold a cross-dock asset in Gothenburg, Sweden on behalf of its Nordic logistics club deal fund. The buyer is Swiss Life Asset Managers Nordic on behalf of one of its funds and a group of investors. Built in 2009 and expanded in 2014, the facility offers 25,700 square metres in logistics space and is located near the centre of the Swedish city of Gothenburg in Backa industrial area. Gothenburg’s nearby port is...