Industry News

Barings, one of the world’s largest diversified real estate investment managers, on behalf of Barings Real Estate European Value-Add Fund II (BREEVA II), has acquired an 82,413 square feet office asset in the City of London for GBP70.65 million from global real estate manager, DWS. The deal reflects an initial yield of 4.8 per cent and a capital value of GBP857 per square foot. 25 Moorgate comprises c. 75,000 square feet of office space, with c. 7,800 square feet of...

Allianz Real Estate, acting on behalf of several Allianz group companies, has signed an agreement to acquire eight prime logistics facilities in Italy in an off-market forward transaction from a private seller for EUR91 million. The portfolio, comprised of two traditional facilities and six courier warehouses located mainly in northern Italy, is 70 per cent pre-let to a prime Italian tenant. The acquisition is the sixth logistics sector transaction in Italy for Allianz Real Estate over the past 36 months...

Bridge Investment Group Holdings Inc. (NYSE:BRDG) (“Bridge”) today announced that Johannes Brennecke has been named Director of Bridge’s Client Solutions Group in Europe effective February 1. This appointment marks a significant milestone in Bridge’s expansion in Europe. Johannes will be responsible for developing and managing Bridge’s Western European client relationships. Johannes will report to Claudius Weissbarth, Head of EMEA Client Solutions Group. On this new hire, Dean Allara, Vice Chairman and Global Head of Client Solutions Group, said: “We are...

Edmond de Rothschild REIM hires Niels Bruijninckx as new Director of Investment for the Dutch/Benelux office. As from 1st January 2022, Niels Bruijninckx has joined Edmond de Rothschild REIM Benelux as Director of Investments. Niels is focussing on the further growth of assets under management with new acquisitions in the industrial and office sector. Edmond de Rothschild REIM has just completed successful capital raising campaigns and brought about growth in the various funds. Onno Scheij, Head of Benelux, and Robbert...

Heather’s expertise across real estate and infrastructure investing to qualify NREP’s ambition to solve urban problems at area and zip code level Leading Nordic real estate investor NREP announces the appointment of Heather Mulahasani to the business as Partner. Heather will play a pivotal role as NREP further explores challenges across the urban ecosystem. Heather has held various senior roles at Goldman Sachs over a twenty-year period, most recently as one of two Partners leading its European Infrastructure team responsible...

DRC Savills Investment Management (“DRC SIM”) has held the final close of its fourth fund in DRC SIM’s high yield debt strategy; European Real Estate Debt IV (“ERED IV”). The Fund successfully reached its target fundraise of c.EUR600 million (cUSD680 million/GBP500 million). DRC SIM is the real estate debt financing arm of Savills Investment Management, the EUR25 billion global investment management platform of Savills plc (LSE: SVS). The Fund has successfully closed sixteen institutional investors, allocating from their real estate...

Europa Capital, the pan-European real estate investment manager, announces that it has strengthened its pan-European origination and acquisitions capabilities with the appointment of Jean-Baptiste Puppi as Director, Origination & Acquisitions. With over ten years of experience in the real estate sector, Jean-Baptiste will be responsible for providing transaction management support with a specific focus on value add investments, including in the office, logistics and residential sectors across Europe. Jean-Baptiste, who will be based in Europa Capital’s Paris office, joins from...

London-based Beaufort Capital, which was formed in 2013 as a specialist real estate lender, has been busy lending funds to experienced property developers in England, Scotland and Wales, it has said The company has closed on or agree on half a dozen projects since December on behalf of a new senior and stretched senior debt product. It has hopes of deploying GBP1 billion (EUR1.19 billion) over the next three-to-five-years via a series of development projects ranging in gross development value...

Round Hill Capital, a leading global specialist real estate investor, developer and manager has today announced its latest acquisition, a new 506-bed asset in Maastricht, the Netherlands, as it continues its rapid expansion of investing in student accommodation across Europe. The project will be developed by Urban Developers and comprises 506 student beds, all of which will provide affordable housing options for students. The new residence will help to address the growing shortage of available student accommodation in Maastricht, with...