Industry News

Union Investment has profitably sold the Doppio Offices office property in Vienna to an Austrian holding company. The building at Rinnböckstrasse 3 had been part of the portfolio of the open-ended mutual property fund immofonds 1, which is marketed exclusively in Austria, since 2016. The parties have agreed not to disclose the sales price. Source: press release sent 8 January 2025

Berlin, 08. January 2025 – Berlin-based Catella Investment Management (CIM) has acquired a residential development project in Bamberg, northern Bavaria, as part of an individual mandate. The seller is Instone Real Estate. The two projected buildings comprise 2,370 square meters of residential space and 583 square metres of commercial space on the ground floors. The 35 planned residential units are divided into 17 two-room and 18 three-room apartments. Planning permission has already been granted and construction is scheduled to start...

PAREF Group announces the establishment of a strategic partnership with Parkway Life REIT, one of the largest listed healthcare REITs in Asia, as it embarks on its investment strategy in Europe. PAREF provided investment management advice to Parkway Trust Management Limited, the manager of Parkway Life REIT, for the sale and leaseback acquisition, by Parkway Life REIT from DomusVi Group, of a portfolio of 11 nursing homes in France; and signed management services agreements providing a full range of real...

Alma Property Partners and RUBIK Properties have added a seventh light industrial property to their joint venture portfolio, which focuses on investments in industrial and warehouse properties in Greater Copenhagen. The new acquisition, Baldersbuen 27, comprises a building with 4,292 sqm of leasable area and a total plot size of 10,877 sqm. The property is situated in a prominent industrial area and offers an attractive layout and land distribution. Source: press release sent 16 January 2025

Achmea Real Estate today launches a new impact fund, specifically aimed at acquiring and making older rental homes more sustainable: the Achmea Dutch Residential Impact Fund (ADRIF). Achmea is the first financial services provider with such a fund. In the Netherlands, there are almost one million rental homes with energy label D or worse. These homes must be made more sustainable in the coming years to meet the Paris climate targets. Achmea is now taking the lead in this. Achmea...

Mitiska REIM, the leading specialist investor in European convenience real estate, has today announced it has secured a €50 million co-investment alongside the MEREP 3 value-add fund from the European Bank of Reconstruction and Development (EBRD). Along with other investments, this brings the total funds raised so far by MEREP 3 to €290 million. Source: press release sent 10 January 2025

The ASR Dutch Mobility Office Fund sold three offices from its portfolio last year: Schellepoort in Zwolle and the offices Pavillon and Semaphore in 's-Hertogenbosch. This aligns with the fund's refined strategy to focus on offices near major intercity stations exclusively in the G5 cities of the Netherlands: Amsterdam, Rotterdam, The Hague, Utrecht, and Eindhoven. Source: press release sent 9 January 2025

BPL Pensioen is to invest an additional €90 million in the ASR Dutch Farmland Fund. This amount is on top of the €210 million previously invested by the pension fund for the agricultural and green sector. BPL Pensioen is an investor in a.s.r. real estate’s farmland fund alongside DELA, the ING pension fund and a.s.r. Mark Rosenberg, Chairman of BPL Pensioen’s investment committee, said: “Our investments in agricultural land help diversify our portfolio and deliver an attractive real return for...

Revelop further strengthens its leadership team with the recruitment of Johan Johansson as Executive Director, Investment. This strategic hire underscores Revelop’s continued commitment to building a stronger platform that can capitalise on attractive market opportunities. Johan Johansson, a real estate investment professional with pan-European experience, brings additional extensive expertise in real estate transactions, business development and investment structuring. Johan has more than 13 years of industry experience of which the past 10 years internationally, most recently at Partners Group in...