Industry News

Abrdn has acquired a mixed-use development project in Nanterre, France, from French listed group Icade's development arm Promotion. Financial details were kept confidential. The purchase, which is being made on behalf of one of abrdn's core eurozone balanced property funds, encompasses 16.000 sqm of living space to be developed on rue Henri Barbusse. The project comprises a residential section for the elderly and young workers managed by the Sergic Group totalling 298 rooms or 10.400 sqm; as well as a...

Its Western European value added vehicle, Aermont Capital Real Estate Fund V, held a final close at the end of July on €3.75 billion. The firm exceeded its €3 billion target and surpassed predecessor Fund IV which closed on €2 billion in 2018. Large investors in the new fund include New York State Teachers’ Retirement System, which committed €270 million. Source: https://propertyeu.info/Nieuws/Aermont-on-course-to-take-fundraising-honours/bf626af7-d47c-42d8-be89-036fe44ec0d9, on 6.12.2022

Global real estate investor Ivanhoé Cambridge has acquired its second logistics development project in Germany in partnership with developer and asset manager NVELOP. The two companies announced in September that they would invest in logistics real estate opportunities in Germany together, from development to core-plus and as part of that partnership, acquired a 72.000 sqm brownfield logistics project in the Frankfurt market. In the latest deal, Ivanhoé Cambridge has acquired a 48.000 sqm brownfield site in Velten, north-west Berlin, where...

Immobel has completed the sale of the BREEAM outstanding office building known as Commerce 46, through a share deal. Located at the heart of the European quarter in Brussels, the 14.200 sqm asset was acquired by Allianz. Vincent Wathelet, head of Belux for Allianz Real Estate, commented: 'Acquiring this Grade A Core asset in the heart of Brussels’ stable European Quarter provides geographic diversification within our portfolio and Commerce 46 reflects the model of the future office in which we...

ICG Real Estate has appointed Madeleine Cosgrave as a senior adviser to provide strategic investment advice and support the team’s growth. Cosgrave previously spent over 20 years at GIC Real Estate, serving most recently as head of Europe and a member of the company’s global investment committee. She also spent 10 years at JLL prior to joining GIC, working as an associate director. She has also acted as an adviser to CBRE Investment Management’s EMEA investment committee, and as a...

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has appointed David Hedalen as Head of Real Assets Research. Based in London, David will report to Melanie Collett, Managing Director, Asset Management, Real Assets, at Aviva Investors. He will be responsible for providing strategic research leadership across the full breadth of Aviva Investors’ £43 billion Real Assets platform ensuring research continues to play a critical role in informing and shaping the firm’s investment decisions and delivery...

Hines, a global real estate investment, development, and property manager, has appointed Marc Sampietro to lead the operations of aparto, its fully owned student accommodation platform, in Italy, Spain, UK and Ireland. Student housing remains a strategic focus at Hines with the firm expanding to Italy and Spain this year with the launch of aparto Milan Giovenale and aparto Barcelona Pallars, respectively. In total, aparto operates 16 student accommodation sites across UK, Ireland, Italy, and Spain. Marc joined Hines two...

Savills Investment Management (“Savills IM”), the international real estate investment manager, has hired Lucy Williams as Head of Client Capital, UK. Based in London, she will report to Giuseppe Oriani, Co-Head of Client Capital (EMEA) and join the firm in November. Lucy has over 25 years’ experience in business development, capital raising, account management and investor relations, including 15 years in real estate fund management. She joins Savills IM from M&G Real Estate, where she was most recently Head of...

DWS has appointed Richard Marshall as head of infrastructure research, effective immediately. Marshall joins from Fitch Solutions where he worked as head of infrastructure and power research since 2017. Prior to that role, he worked as a senior infrastructure analyst at BMI Research, a Fitch Group company, from 2013, totalling almost a decade of experience within infrastructure research. In his new role, Marshall will work closely with the firm's infrastructure private equity and debt teams, as well as the broader...