Industry News

AXA IM Alts, a global leader in alternative investments with EUR183 billion of assets under management, announces that it has acquired a c. GBP391 million (c.EUR470 million) prime UK logistics portfolio, from a joint venture between Goldman Sachs and Canmoor. The transaction has been made on behalf of clients through AXA IM Alts’ market leading Real Assets platform, which is the leading real estate portfolio and asset manager in Europe. The 1.9 million square feet (c. 177 000 square metres)...

Pradera, the leading retail real estate asset, investment and fund management specialist, is pleased to announce the debt refinancing of its pan-European retail park investment vehicle, Pradera European Retail Parks SCSp (the “Partnership”). The Partnership was established in 2017 to acquire retail parks situated adjacent to IKEA stores in 18 locations in Germany, France, Poland and Czech Republic. The original acquisition was financed with a mixture of capital from third party investors and five-year loan facilities, due to expire in...

Genesta is pleased to announce the acquisition of Cirkelhuset II in Køge, in greater Copenhagen, Denmark. The acquisition is Genesta’s first residential deal, and it is made on behalf of Genesta´s fifth fund, GNRE Core Plus Open-ended. The seller is CECN, owned by Ejendomsselskabet Casa Nord and CEC Group Holding. - This is an exciting time for Genesta. With Cirkelhuset II we expand our focus from office, retail, and logistics to also include the residential sector, fitting our fund´s strategy...

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has acquired a land site with an order to build in the Oslebshausen district of Bremen on behalf of one its clients. The first Toom DIY store to fall under the KfW-40-EE standard in Germany is currently being built at the business park on Schragestraße. The property is also expected to be DGNB Gold certified. Start of construction was in Q1 2022 and completion is planned r for early 2023. The...

Europa Capital, the pan-European real estate investment manager, announces that its core fund, the Europa Diversified Income Fund (“EDIF” or the “Fund”), has been admitted to the INREV Open End Diversified Core Equity Fund (ODCE) Index, having met the Index’s strict inclusion criteria and reflecting its standards of governance and reporting. EDIF is approaching EUR500 million GAV, with two thirds of the portfolio in the outperforming logistics and residential sectors where Europe’s rental growth prospects are strongest. Through leveraging Europa...

KanAm Grund Group has purchased the Lambda property for its open-ended real estate investment fund LEADING CITIES INVEST. Located near the German city of Chemnitz, the Core Plus property classified as Light Industrial further diversifies the portfolio of the retail fund. The parties agreed not to disclose the price of the transaction. As an addition to the LEADING CITIES INVEST office property portfolio at European locations, six logistics properties have been acquired in Germany since 2018. Following the acquisition, the...

HIH Invest Real Estate (“HIH Invest”) acquired a retail park in Küps in northern Bavaria via an asset deal with a private investor. It is the twenty-first property in the portfolio of the ““Perspektive Einzelhandel: Fokus Nahversorgung” institutional fund for local retail real estate, and has a total lettable area of 4,224 square metres. The supermarket at Lessingstrasse 13-15 has been located in the same site for over 20 years, and acts as an important neighbourhood retail centre. Its anchor...

French real estate investment manager Oreima has raised EUR275 million at the close of its latest fund Oreima IV after receiving capital commitments from European institutional investors. The manager said the fund, which has a 50 per cent leverage component, has approximately EUR200m of already-made investments. The Oreima IV expects to make approximately EUR350 million worth of investments mainly in offices, but also in mixed-use assets with a residential component, in Paris or in regional cities. The fund’s investment plan...

Berlin-based Catella Residential Investment Management (CRIM) has announced that the Catella European residential III fund (CER III) has raised around EUR280 mln from seven German and Dutch institutional investors, as its total assets under management passed the EUR1 billion milestone. CER III has a diversified portfolio of investments in seven European countries encompassing around 30 properties. Several assets in the Netherlands, France, the UK, and Spain are also in due diligence. CER III’s most recent acquisition, and its second in...