Industry News

Global real estate services provider CBRE has appointed Helena Rickmers (31) as the new head of hotel investment in Germany. As of 1 July, Rickmers is responsible for advising on the purchase and sale of hotel properties. Rickmers has worked for CBRE since 2017. She reports directly to Fabian Klein, head of investment at CBRE in Germany. Source: propertyeu.info on the 1st of July, 2024 https://propertyeu.info/Nieuws/CBRE-in-Germany-appoints-head-of-hotel-investment/6e0af65d-a194-4484-b3bd-22a4d7fa266f

Abrdn has acquired the Tandem Centre, a retail park in Colliers Wood, London, for £60.8 million (€72 million) from LaSalle Investment Management. The acquisition was made on behalf of the Standard Life Pooled Pension Property Fund, of which abrdn is the discretionary fund manager. The Tandem Centre is a retail destination in South London, encompassing 118,079 square feet (11,150 square metres) of retail warehouse space across 16 units on a freehold 7.68-acre (2.7 hectares) site. The centre is fully let...

Orchard Street Investment Management (Orchard Street) on behalf of its Impact Fund acquired an urban industrial estate in Charlton for c. €24.6 million. The fully-let freehold estate is located in an established commercial centre in South East London, approximately six miles east of Southwark and London Bridge and 2.4 kilometres southeast of Greenwich Peninsula and The O2 Dome. The property benefits from last-mile accessibility to Central London, Canary Wharf and the wider M25 motorway network while being adjacent to the...

Azora has acquired, with the intermediation of CBRE, an office building located at Calle Doctor Esquerdo 136 in the Retiro district, an area in Madrid’s city centre that has undergone a major transformation with new office and residential projects. The acquired property is a multi-tenant office building with a total gross lettable area (GLA) of 9,094 square metres, spread over 8 floors and an underground car park with 23 parking spaces. It is currently 85% occupied. Located just a few...

Alma Property Partners and Byggvesta have sold the commercial properties Vilunda 6:80, Vilunda 6:81 and Vilunda 6:82 in the Optimus area in central Upplands Väsby to Väsbyhem. The transaction was made at a property value of SEK 340 million. As part of the deal, Alma and Byggvesta will also sell commercial building rights corresponding to approx. 4,800 sqm to Väsbyhem when the ongoing change in zoning for Optimus gains legal force. The Optimus area is in central Väsby between the...

Urban logistics property developer and asset manager Chancerygate and real estate investor Mitiska REIM, the leading specialist investor in European convenience real estate, have announced a strategic joint venture (JV) to develop multi-let light industrial parks in Portugal. The JV has completed its first acquisition, which is a 6.67-acre (2.7-hectare) brownfield site located 20 minutes’ drive northwest of Lisbon within the municipality of Sintra. The site is situated close to the N9 and N250-1 access roads and the A37 and...

DWS today announced the appointment of Dr Ulrich von Creytz to the position of Chief Investment Officer Real Estate for Europe. Based in Frankfurt, Ulrich will report to Clemens Schaefer, Global Head of Real Estate, APAC & Europe. In his new role, Ulrich will leverage his extensive experience in client relations and his deep knowledge of European real estate built over a 20-year period to enhance the client and capital focus of the platform’s investment process. Underpinned by DWS’ thematic...

CapMan Real Estate makes key organisational enhancements including the introduction of a new leadership role to streamline Nordic asset management operations and support continued expansion. Over recent five years, CapMan Real Estate has experienced substantial growth, with gross asset value under management surging by over €1 billion, reaching approximately €4.4 billion. The pan-Nordic team has also seen significant growth, now comprising nearly 80 professionals. To ensure smooth and efficient operations that support future growth, the company has made key organisational...

Hamburg, 10 June 2024 – Effective as of 1 December 2024, at the latest, Malte Priester (48) will be appointed as Managing Director of IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”). For the time being, his appointment to this position remains subject to confirmation by the German Supervisory Authority for Financial Services (BaFin). The company’s senior management will thus be a team of four in future, including Camille Dufieux, Andreas Ertle, Malte Priester and Michael Schneider. A certified business economist...