Industry News

Troels Andersen, who joined abrdn in April 2011 and is based in Copenhagen, Denmark, will take over his role with immediate effect. Castelein said he would remain at abrdn until the end of the year, ensuring a handover of his duties. Said Tony Roper, chairman of abrdn European Logistics Income: 'Evert has been with us since our IPO in December 2017 and has been a valued member of the wider abrdn European Real Estate team. The board thanks him for...

M&G plc has appointed Andrea Rossi as its next CEO and executive director. Rossi will take up his new position on 10 October, succeeding John Foley who, in April 2022, announced his intention to retire after seven years in the role. Foley will step down as CEO and executive director on 10 October, but will remain at M&G in an advisory capacity until December 2022 in order to ensure an orderly transition. Most recently, Rossi has been a senior adviser...

Global property consultancy Knight Frank has appointed Andrew Child as its new Head of Central London Property Management. In his new role, Andrew will work closely with Michael Lewis, Head of Property & Asset Management, and leverage his experience in the Central London office market to further expand the existing and highly successful Central London Property Management team. With extensive experience in managing central London offices, particularly trophy buildings, Andrew will work closely with clients to provide expert advice on...

M&G Real Estate – part of M&G plc’s £76.7 billion private assets and alternatives division1 – continues to grow its European asset management and investment team with three new appointments for its French, German and Spanish offices. The new arrivals will support deal origination and drive asset performance through active management, as well as enhancing the ESG credentials across M&G Real Estate’s European fund range. Rodolphe Launay joins M&G in Paris as an Associate Director Asset Management to support activities...

Blackstone has reached an agreement to establish a newly constructed, purpose-built European headquarters located at its long-term London home, Berkeley Square. Blackstone has been a major investor in Europe for more than two decades, with substantial investments across its private equity, real estate, infrastructure, tactical opportunities, growth, and credit businesses. Recent significant European investments include Bourne Leisure, Mileway Logistics, Sage Homes and Esdec Solar. The decision to fully lease what will be one of London’s premier office buildings reflects the...

Savills Investment Management (Savills IM) has acquired a majority share in Simply Affordable Homes from Centrus Financial, a corporate finance advisor to and long-term supporter of the U.K. affordable-housing sector, which will retain a minority interest. This follows Savills IM’s acquisition of Pitmore, the U.K. development and build-to-rent (BTR) specialist, and creates a strong UK residential platform for Savills IM. The first new product after the acquisition will be the launch of Savills IM’s U.K. Affordable Housing Fund. The fund...

A 260.000 sqft London office project owned by Goldman Sachs Asset Management sustainable real estate developer EDGE has secured funding from Local Pensions Partnership Investments (LPPI) and The London Fund. Back in January, Goldman Sachs acquired a 75% stake in the EDGE London Bridge development as it teamed up with EDGE develop the project. Local government pension scheme-backed LPPI and The London Fund have now disclosed they will own the 75% stake in the project together with Goldman Sachs as...

Global real estate advisor Savills has acquired Knight Frank’s commercial property and asset management team in Poland. As a result of the arrangement, 35 employees will join Savills whose Polish property management portfolio will now surpass 1.2 million sqm, including retail and mixed-use projects. The Knight Frank portfolio consists mainly of office buildings in Warsaw and other large Polish cities. These include West Station I and II (115.900 sqm), Miasteczko Orange (77.100 sqm), and Maraton A and B (39.300 sqm)...

Resolution Life, a UK-based global insurance group, and Blackstone, have announced a strategic partnership to combine and grow global life insurance and annuity consolidation businesses. As part of the agreement, Blackstone will become Resolution Life’s investment manager in certain areas. That includes private credit, real estate, and asset-backed finance markets. Blackstone will manage an initial target of up to €25 billion of Resolution Life’s existing private assets in the first year. As Resolution Life completes new transactions and new investments...