Industry News

CBRE Investment Management (CBRE IM) has appointed Jenny Tuleby as head of transactions and investment operations for the Nordics. Tuleby will be responsible for implementing the Nordics transactions strategy, executing acquisitions and disposals as well as having overall responsibility of managing the CBRE IM Nordics team. Rik Eertink, president, EMEA real estate division at CBRE IM, said: 'Jenny’s career to date is highly impressive and she has built a strong reputation in the Nordics, developing her expertise and growing market...

European real estate investment manager Europa Capital has appointed Radina Koleva as senior associate for portfolio & asset management. Based in Paris and reporting to managing director Diederik Bakker, Koleva will support the asset management of open-ended core fund, the Europa Diversified Income Fund (EDIF), in addition to Europa Capital’s value add funds. With nearly a decade of experience in European real estate management, she joins from QNB Capital where she co-managed a €600 mln portfolio of core and value-add...

Allianz Global Investors (AllianzGI) has reached the first milestone in the equity riase for Allianz Global Real Estate Debt Opportunities Fund. The vehicle, which was launched in February 2022 as the first real estate private debt fund of AllianzGI, has just held a first close on EUR515 million. The strategy is to acquire higher yielding real estate debt opportunities with strong downside protection. Allianz said investors could invest in real estate debt funds and co-investments that finance real estate assets...

Insurance firm Achmea has agreed with ABN Amro to buy its Premium Pension Institution (PPI) for an undisclosed sum. The vehicle will be renamed Centraal Beheer PPI later this year. It first became possible to establish a PPI once the Premium Pension Institution Introduction Bill was passed by the Dutch Senate and signed into law on 1 January 2011. A PPI is set up to administrate individual defined contribution (DC) pension schemes and is part of the second pillar pension...

Round Hill Capital and QuadReal Property Group have expanded their joint venture partnership in Ireland with a EUR200 million additional commitment. The added capital will be used to forward fund the purchase of high-quality multi-family rental assets across Ireland, focusing on apartment blocks in the country’s main cities, including Dublin. The announcement brings the partnership’s total funding commitment to Irish housing to EUR575 million. Said Michael Bickford, founder and CEO of Round Hill Capital: 'We are delighted to continue our...

Catella Asset Management has acquired a build-to-rent project in Valencia from Spain's AQ Acentor for EUR66 million. The Alfambra development comprises two buildings with 281 homes in total, and is situated within the AQ Turianova project in the city of Valencia. It has already been granted a First Occupancy License (LPO). Alfambra is the second development that AQ Acentor has sold to Catella, following the deal closed in Villaverde in Madrid for 171 BTR units in 2019. AQ Acentor will...

Real estate investor Altera Vastgoed has acquired convenience centre De Vlashoeck in Bergschenhoek from Strada Vastgoed. Comprising approximately 4,200 m2 of space, the asset includes a Plus supermarket and a Kruidvat drugstore. The centre accommodates about ten stores and dates back to 2004. De Vlashoeck has an underground parking garage with 160 free parking spaces and is part of the core shopping area in Bergschenhoek. The acquisition follows the earlier acquisitions of the Brouwhorst convenience centre in Helmond and the...

Nordic real estate investor NREP has announced the acquisition of Vällingby Centrum in Stockholm, Sweden from Svenska Bostäder, the City of Stockholm's municipal housing company, for €161 mln. Vällingby Centrum forms the heart and hub of the western part of The City of Stockholm, and was inaugurated in 1954 as Sweden’s first ABC city – “Arbete – Bostad – Centrum”, meaning "Work – Living – City Centre”. The ABC model is a community-based planning programme that was founded in Sweden...

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has acquired The Vondel Portfolio – a collection of eight office assets in Amsterdam. It is the second purchase by Aviva Investors in Amsterdam’s office market in as many months, following its purchase of the FOZ building, a highly sustainable building located in the heart of Amsterdam’s business district, in March. The Vondel Portfolio sits on the outskirts of ‘Zuidas’ or ‘South Axis’, the central business...