Industry News

HIH Invest Real Estate (“HIH Invest”) just acquired a health centre located in Michendorf near Potsdam from the GP Günter Papenburg AG conglomerate for its open-ended special AIF, “Vita Invest.” It represents a property development that is part of “Neue Ortsmitte,” a new residential block under construction in a central location. The investment consist of two separate four-storey buildings directly next to the entranceway to the new quarter: One will be used as health centre, the other being as office...

Tristan Capital Partners and Bricks Group have added a £110 million asset to their UK student housing investment partnership. Tristan Capital, investing on behalf of the core-plus CCP 5 Fund, said the partnership has acquired a 999-bed purpose-built student accommodation (PBSA) asset in Liverpool from Aura Investors. The latest deal expands the joint venture’s PBSA portfolio to over 2,100 beds located in Birmingham, Manchester/Salford, Glasgow, and now Liverpool – all managed by Bricks Group’s True Student platform. Kristian Smyth, managing...

Generali Real Estate has completed the acquisition of the Cortile della Seta mixed-use historical building in Milan’s Brera district. The deal was completed on behalf of the pan-European fund Generali Europe Income Holding (GEIH) subscribed by Generali Group companies, and a real estate fund for Poste Vita, both managed by Generali Real Estate. Each of the two co-investors has a 50% stake. The Sericon Investment Fund owns Cortile della Seta, which has 19,000 square metres of office space, 2,000 square...

Prologis, Inc., the global leader in logistics real estate, announced today that it has acquired a diverse portfolio of 128 logistics facilities and six new developments from leading last-mile operator Crossbay, adding a total of 1.14 million square metres of urban space to its European portfolio. The €1.585 billion transaction, on behalf of Prologis European Logistics Fund (PELF), is in line with the fund’s investment strategy of increasing its urban infill real estate portfolio, which will be approximately 54% post-acquisition...

Union Investment is further expanding its position in the Irish residential market with the acquisition of “Newtown Gardens”, a development in Blackrock, in Dublin’s South suburbs. The Hamburg-based real estate investment manager entered the Irish residential market in 2021 with the acquisition of the residential development "8th Lock" in Northwest Dublin, which is currently under construction. "Newtown Gardens" and “8th Lock” have been acquired for the portfolio of the open-ended public real estate fund UniImmo: Deutschland. This is the fourth...

Arminius Group, an independent transaction, asset and fund manager with a focus on sustainable commercial real estate, has initiated distribution of the Arminius Impact Office Fund. The new sustainability investment fund for institutional investors is structured as an open-end special alternative investment fund (offener Spezial-AIF) investing exclusively in prime German office properties. Arminius Impact Office seeks out investment properties which not only meet this segment’s high standards of quality and location but also meet the fund’s exacting criteria in terms...

Allianz Real Estate, acting on behalf of several Allianz Group companies, has completed the forward purchase of MultiBusinessHub Mittelrhein, a prime logistics center in Polch, Germany. The asset has been sold by Lang & Cie. Industrial AG, a German developer of high-quality logistics facilities. Located in between the metropolitan areas of Cologne and Bonn to the north and the Rhein and Main areas to the south, the state-of-the-art facility is comprised of six warehouses, each with a net lettable area...

Macquarie Asset Management has announced the hire of Parthia Mazda Ghaziani as head of Nordic real estate transactions, based in Copenhagen. Ghaziani joins Macquarie Asset Management from Hines, a privately owned global real estate investment, development and management firm, where he was most recently an acquisitions manager covering the Nordic real estate transactions. He began his career in real estate at the Danish private equity real estate house, Thylander Group. The appointment will support Macquarie Asset Management’s intention to grow...

Katharina Gödecke has been appointed Head of International Acquisitions and Sales at Deka Immobilien. Since 1 September 2022 she is responsible for Deka Immobilien's non-European investment business and its activities in the UK and Ireland. Katharina Gödecke has been with Deka Immobilien since October 2013 and was previously responsible for investments in Germany, most recently as Head of Acquisitions and Sales for southern Germany. Prior to joining Deka, she worked for various international investment managers. She has also worked in...