Industry News

BNP Paribas Asset Management (‘BNPP AM’) announces the final close of the BNP Paribas European SME Debt Fund III (‘Fund III’), with EUR 741 million, above the initial target of EUR 600 million. The SME Debt Fund III fund finances Small and Medium sized Enterprises (‘SMEs’) and Mid-cap companies in Continental Europe in the form of secured bullet loans. Since its creation in 2016, BNPP AM’s private debt activity helped more than 250 companies develop their business with more than...

Generali Real Estate has set the ambitious target to double the share of third-party capital in its assets under management in the next five years. In this context, Michiel te Paske’s proven expertise will be instrumental in building and strengthening business relationships with institutional investors, with the goal to promote investment opportunities and raise capital from institutional clients. In his newly created Investor Relations & Capital Raising Director role, Michiel directly reports to the Generali Real Estate CEO & GM...

Niam has entered into an agreement to acquire 51 terraced houses in Denmark, built in 2023. The property is situated in Hedensted, strategically located between Vejle and Horsens in Eastern Jutland. The homes are built as single-family terraced houses, comprising 32 one-storey units 19 units in two storeys. This acquisition will be integrated into Niam’s Danish residential portfolio Nordhusene, aligning well with the overall strategy. Source: press release sent 17 Sep 2024

CapMan Real Estate (“ CapMan”) and Riksbyggen have entered a partnership for property management of CapMan's residential properties in Sweden. Together, we look forward to developing innovative solutions that contribute to continued growth for both of our businesses. The collaboration creates a platform to strengthen our brands in residential property management and offer tenants a high-quality living environment. The focus is on a safe living experience, excellent service, smart digital solutions, and long-term sustainability. Source: press release sent 17 Sep...

Crossbay, the last-mile logistics specialist incubated by pan-European private equity real estate investment manager MARK, has acquired a warehouse in Paris from Ivanhoé Cambridge for an undisclosed sum. The 16,200 square metre warehouse is located north of Paris in the industrial area of Goussainville, a prime logistics hub in the vicinity of Paris Charles de Gaulles airport and well-connected to Paris. The asset has been acquired vacant and will be marketed to last-mile logistics users. Crossbay will fully refurbish the...

Union Investment has sold the 636 Sixth Avenue retail property in the Flatiron District of Manhattan, New York, to a strategic investor at a profit. The buyer intends to redesign the entire building including the offices on the upper floors and repurpose the space. The financial details of the transaction were not disclosed. Union Investment acquired the retail property, which offers total rental space of some 1,700 m2, in 2016 as part of a closed joint venture deal with Nuveen...

Valor Real Estate Partners has completed the acquisition of a 26,000 m2 Grade-A logistics asset in Dugny, within the Grand Paris regeneration zone, from an institutional English investor. Financial details were not disclosed, however the asset is said to be valued at over €40 mln. The property, which was refurbished in 2021 to modern design and sustainability standards, offers 11m clear height and 41 loading docks (1/600 SM ratio), with a 38m vehicle yard. It is fully let to two...

Italian asset manager DeA Capital Real Estate SGR has joined forces with London-based Palm Capital to launch a new closed-end investment fund focusing on logistics real estate. The new vehicle, called Palm Partners Italy I, is said to be looking to reach a volume of €200 mln, according to well-informed market sources. It will focus on existing assets as well as new developments in Italy. The fund has carried out the first acquisition with the purchase of a site near...

European real estate fund GreyKite and Central European developer White Star Real Estate have set up a new €300 mln joint venture focused on logistics real estate. To kick off this venture, GreyKite has acquired a logistics portfolio in Poland, consisting of three properties strategically located in Warsaw, Strykow, and Gliwice. White Star, who previously developed the properties, will continue to play a key role as both asset and property manager. The 142,000 m2 portfolio boasts an occupancy rate of...