Industry News

AEW, one of the world’s leading real estate investment and asset managers, announces that it has received a resolution to grant planning permission to transform the former Debenhams department store in Bristol into a residential led mixed-use development, which will comprise more than 500 new rental homes, 100 of which will be affordable. The project, which has been designed by AWW Architects, will regenerate this important and prominent site on the edge of Bristol’s Broadmead shopping district into a lively...

29 April 2024, London: Hearthstone Investments, an investment manager focused on affordable private rented housing in the UK, has acquired 45 new houses in Exmouth. The properties, near the South West Coastal Path in East Devon, were purchased from 3West Group, on their Goodmores scheme. 3West Group is a privately owned, regional SME developer, operating across the South West of England. Hearthstone Investments’ proposition focuses on the delivery of private rented housing for people on average incomes. The investment strategy...

Alma Property Partners and Rexbo Gröna Industrihus acquired the light industrial property, Tidmätaren 1, in Sollentuna from Rikshem AB (publ). The property comprises a leasable area of approximately 4,200 square metres with a plot area of approximately 8,900 square metres and the building is fully leased by five tenants. The property is strategically located only 15 km from Stockholm and is near the E4 highway and close to the northern entrance of the new bypass highway currently under construction. Source...

Barings has acquired a plot of land for the development of its first purpose-built student accommodation (PBSA) scheme in Italy, completing on a brownfield site in Rome, on behalf of its second European real estate value-add fund (BREEVA II). Purchased through an Italian real estate fund managed by Savills IM SGR, Barings has acquired the 25,000 m2 site from an Italian company that is owned by BNL BNP Paribas. Financial details were not disclosed. The disused site in the east...

A partnership comprising Amro Partners, IP Investment Management (‘IPIM’) and Heed Capital (‘Heed’) has secured planning approval for Amro Valencia Puerto, Amro’s second PBSA asset in the city and IPIM & Heed’s maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with construction now commencing on site. The €29M GDV project will deliver 221 new student beds on a c.2,000 square metre site just outside the newly regenerated Avenida del Puerto, a major avenue...

Alma Property Partners and Alea Partners acquired a last-mile logistics property located in Koivuhaka, Vantaa, through their joint venture UrbanLight. UrbanLight completed its second investment by acquiring a property at Niittyvillankuja 3, Koivuhaka, a strong logistics area near Helsinki Airport. The property comprises 4,500 square metres of high-quality leasable space with free ceiling heights above 8 meters and a large yard area. Strong tenants of the property include Skanska Rakennuskone Oy and Pakkauspörssi Oy. Source: press release sent 23 April...

The CapMan Nordic Infrastructure II fund has reached a final close at €375 million, double the size of its predecessor fund. Established in 2022, the fund has already made four investments and will continue investing in energy, transportation, and digital infrastructure across the Nordics in line with its strategy. Since 2017, CapMan Infra has raised a total of approximately €800 million in capital, which is managed by a team of 13 professionals based in Helsinki and Stockholm. Around 30% of...

As of today, a.s.r real assets investment partners is a participant in the Global Real Estate Engagement Network (GREEN). a.s.r. real assets investment partners is managing more than € 10 billion worth of assets, divided among more than 50 real estate funds, and therefore represents an important reinforcement for GREEN in the field of non-listed real estate. As an engaging member, a.s.r. real assets investment partners will enter into a dialogue with a large number of fund managers. In this...

PARIS, FRANCE – 24 April, 2024: Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, today announced that it has signed a new 12-year lease with Valentino, the Italian Maison de Couture, for its flagship store at 273 Rue Saint-Honoré, Paris (“ 273 Saint-Honoré ”). Valentino has occupied the property’s entire 1,430 square metres of retail, exhibition and office space since 2013. Oxford acquired 273 Saint-Honoré in 2018, marking its entry into the Paris luxury retail...