Industry News

Real estate investor Altera Vastgoed (hereinafter “Altera”) announces the arrival of Parham Jadidi. Parham Jadidi MSc started per July first as Acquisition Manager Retail. Jadidi spent the past year working as an independent consultant with a focus on retail real estate and prior to that as an Acquisition & Leasing Manager at IEF Capital. Between 2011 and 2019, he worked as a Real Estate Advisor Jadidi was het afgelopen jaar werkzaam als zelfstandig consultant met een focus op winkel vastgoed...

JLL has appointed Edmund Craston and Ian Gleeson as Senior Advisors and Nick Evans as a Senior Consultant to its Capital Markets business. This follows the appointment of Julian Schiller as Head of Capital Solutions earlier this year. The senior roles will assist with the continued expansion of JLL’s EMEA Capital Markets across both Investment Advisory and Corporate Finance. Edmund Craston held senior leadership roles at both Rockspring and Patrizia Prior to this, he was European Head of Real Estate...

BNP Paribas Asset Management (BNPP AM) has raised more than €700m for its second senior commercial real estate debt fund. The manager said the amount raised for BNP Paribas European Real Estate Debt Fund II, exceeded the fund’s €500m target. Fund II’s predecessor closed in April 2021, with €335m of capital now fully deployed across 12 assets in continental Europe. The fund has so far been deployed across 19 transactions in Continental Europe, in the logistics, office and residential sectors...

Swiss Life Asset Managers has acquired a 73,200 m2 site in Düsseldorf-Flingern from Metro Properties, the real estate company of Metro. The site acquired forms part of the Metro Campus at present, but is destined for a new neighbourhood development project. Metro will maintain its head offices on the adjacent site, which will be transformed into the new Metro campus. Swiss Life plans to build around 1,500 apartments on the plot, with target completion of around 2027. However, the new...

Sirius Real Estate, an owner and operator of branded business and industrial parks in Germany and the UK, has completed the disposal of BizSpace Camberwell in London for £16 mln (€19 mln). The sale price represents a net initial yield of approximately 2.0% and a 94% premium to the value at the time of the company’s acquisition of BizSpace in November 2021. The purchase of BizSpace enabled Sirius to enter the UK market for the first time through the platform...

Hines has set an ‘in-operation’ net-zero carbon target of 2040 for its $90.3bn (€86.1bn) real estate portfolio. The global real estate firm will seek to achieve this by investing in sustainable technology throughout the 1,530 properties it owns and manages, without resorting to purchasing carbon offsets. Hines said it would adhere to science-based targets by electrifying fossil fuel-based systems within its buildings, implementing “circular systems principles” to reduce energy waste and increase system efficiency, and by pursuing onsite and offsite...

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), and Packaged Living, the specialist UK Build-to-Rent developer, announce they have completed a deal to acquire and develop 195 homes in the West Midlands town of Telford, Shropshire. It is the first investment made since the two firms announced a partnership (‘The Partnership’) in November 2021, which will create a single-family rental platform of suburban properties across the UK, increasing the supply of affordable homes whilst also supporting the...

Italy's Coima has sold an office asset in Milan's central business district, in Corso Europa 16, hitherto held in the Coima Argo Fund I. Situated near Piazza San Babila and Corso Vittorio Emanuele, the historic premises is home to a slate of prestigious clients from the world of finance, culture and luxury retail, according to Coima. Known as Palazzo Litta Cusini Modignani, the property was built in the 15th century as a residence for nobility. Its four floors above ground...

Generali Real Estate has completed the acquisition of DC De Burght, a prime logistics asset in Waddinxveen in the Netherlands, on behalf of the pan-European Generali Real Estate Logistics Fund (GRELF) managed by Generali Real Estate. The seller of the asset is Wayland Real Estate; financial details were not disclosed. DC De Burght is located in the Vredenburgh Business Park in Waddinxveen, a logistics hotspot in the middle of the Randstad conurbation. Pierre-David Baylac, head of logistics region at Generali...