Industry News

Leading global diversified professional services company Colliers announced the appointment of Jeroen Lokerse as CEO of the Netherlands. Lokerse will be responsible for accelerating the strategic direction and sustained growth of the Dutch business while enhancing the opportunities available to our people within the Netherlands. Lokerse joins Colliers from a 17-year tenure at Cushman & Wakefield, most recently holding a global product innovation role and previously serving as the Head of the Netherlands for more than a decade. As Lokerse...

Norwegian sovereign wealth fund Norges Bank Investment Management has acquired an additional 10% interest in The Pollen Estate, located in London’s West End. The agreement was signed and completed on 8 November 2024. Norges Bank Investment Management paid £81 million (€98 million) for its additional 10% ownership interest, valuing the estate at £794 million including existing debt. The seller of the interest is Greenwich Hospital. Norges Bank Investment Management already owned 58% in The Pollen Estate, which it purchased in...

CBRE has strengthened its Industrial and Logistics (I&L) team in Scotland with the appointment of Bryce Stewart as senior director at its Edinburgh office. Stewart brings over three decades of experience in the Scottish market, previously holding senior roles at Colliers International and Montagu Evans. His expertise spans the entire I&L sector, including development, sales, and leasing. Stewart has advised on numerous high-profile, complex development sites and large-scale industrial properties throughout his career. A notable achievement was his role in...

UK-focused social infrastructure real estate investment manager Newcore Capital has invested £50 million (€60 million) to acquire 15 assets in the primary healthcare sector. Newcore said 12 of the assets were acquired in a £25 million portfolio deal from a major UK real estate investment trust, which IPE Real Assets understands to be Assura. The 15 assets are mainly located in Greater London and the Southeast and are let out on longterm leases to 31 different occupiers. Newcore said it...

King Street Capital Management is joining forces with Portuguese private equity firm Alea Capital Partners to launch a new €375 million investment joint venture targeting student accommodation assets across Portugal. Through the new platform, Alea and King Street will be investing, developing, and operating modern, high quality student housing located in key university cities in Portugal. The focus will be on Alea’s pipeline of over 3,500 accommodation units in Portugal, with immediate three seed assets covering a total area of...

Union Investment has sold the Bruckner Office Centre in Linz. The acquisition was made via the newly founded project company Hon24 Immobilien GmbH, whose sole shareholder is Fabasoft AG. The building at Honauerstrasse 2-4 had been part of the portfolio of the open-ended real estate fund immofonds1, which is marketed exclusively in Austria, since 2015. The Bruckner Office Centre was completed in 2002 and comprises around 7,500 square metres of usable space. Around 84 per cent of this is office...

ActivumSG has made its debut in the UK hospitality real estate market by acquiring an asset in Greater London. The pan-European real estate private equity investment manager’s ActivumSG Fund VII fund has acquired the Sutton Point hotel-led mixed-use asset from an unnamed Irish family office for £21 million (€25.2 million). Following completion of the acquisition, the non-hospitality components of the scheme, comprising residential units, retail space and freehold land, were sold in separate transactions with the ActivumSG fund retaining the...

HIH Invest Real Estate GmbH , in partnership with German housing company Vonovia, has launched a second investment fund focused on residential real estate. Similar to their initial joint fund launched in September 2024, HIH Invest holds a majority stake through a regulated AIF on behalf of institutional investors. Vonovia will manage the properties, while HIH Invest will oversee asset and fund management. The fund has already acquired ten properties totaling €516 million in investment volume. This includes eight development...

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, announces that it has provided a loan facility of £123 million through its flagship real estate debt fund, LREDS IV, to finance the acquisition of two UK holiday parks on behalf of One Investment Management (“OneIM”), a global alternative investment manager, and Foundation Partners, an independent private equity firm. Located across the UK in Somerset (Unity Farm) and Yorkshire (Skirlington), the holiday parks benefit from proximity to the coast, lakes...