Industry News

Invesco Real Estate has launched its first European real estate debt fund with a plan to raise an initial €1bn. The manager said the open-ended Invesco Commercial Mortgage Income – Europe FCP RAIF (CMI Europe) fund, which is primarily backed by insurance capital, has already completed its first deal. CMI Europe has provided a senior loan facility to finance a pipeline of six French and three Spanish logistics facilities. Andrew Gordon, managing director in charge of fund management at Invesco...

ActivumSG Capital Management, the opportunistic real estate fund manager, has completed its acquisition of KPC Holding on behalf of ActivumSG Fund VI and will combine the company with its peer CASA to form Denmark’s largest residential-focused construction contractor and developer. Fund VI and co-investors acquired KPC from the family of Founder Kurt Poulsen and its CEO, Bo Knudsen. They will retain a minority interest in the entity formed from the merger of KPC with CASA, the real estate developer and...

HIH Invest has acquired a new-build property in the Netherlands from Trajanus Vastgoed. The property has a total lettable area of around 2,500m², thereof about 2,000m² of logistics space and about 500m² of office space, complemented by 36 car parking spots. The property, located at Liebrugweg 3 in 1165AD Halfweg, occupies a strategically convenient site between the metro areas of Haarlem and Amsterdam while also close to Amsterdam’s Schiphol Airport, the third-largest freight airport in Europe. It is part of...

An affiliate of Sirius Capital Partners has signed two separate agreements to acquire four assets comprising in total 129 rental apartments. The assets are acquired pre-construction at a pre-determined price from two different sellers. The total investment cost for the two transactions is approximately EUR 30 million. The construction works in all assets will begin within the next few months and the assets will be completed in during Q2 and Q3 2023. “We are very excited to have been able...

Allianz Real Estate has expanded its European logistics platform with the acquisition of assets in Denmark and Sweden The asset manager is acquiring three assets in a sale and leaseback deal with Danish transport and logistics firm DSV for an undisclosed amount. The 211,000sqm portfolio comprises two recently completed properties in Denmark and Sweden with the third property in Denmark expected to be completed in the fourth quarter of this year. Thomas Villadsen, director of Nordics and CEE at Allianz...

Global logistics real estate company Prologis has purchased a 260,000 square meter, eleven-building portfolio in Germany. The buildings are located in Rhine-Ruhr, Berlin, Rhine-Main, Rhine-Neckar, Hannover, Ulm and Regensburg. The seller is an open-ended special AIF (Spezialfonds) of German pension funds, insurance groups and foundations managed by UBS Real Estate GmbH. “Germany is a growing market and this acquisition allows us better serve both existing and future customers,” said Björn Thiemann, senior vice president, country manager, Prologis Germany. “Importantly, most...

PGIM Real Estate has acquired two logistics assets in France on behalf of its value-add European Value Partners II fund. PGIM Real Estate said it has acquired a 240,000sqm land plot with logistics use in Avrigny to develop up to three logistics platforms and has bought a 19,000sqm logistics project in Longueil-Sainte-Marie from Quartus Group in a forward funding deal. Nabil Mabed, the head of France, Spain and Portugal, said: “The digital transformation of the economy continues to drive demand...

GARBE Industrial Real Estate Netherlands has acquired logistics development at Rotterdam Pernis for around €85m on behalf of a fund it manages with Union Investment. Garbe said it has bought the fully-leased 39,334sqm turnkey development from Dudok Real Estate on behalf of UII Garbe Logistik Fonds, a European logistics real estate fund launched by Garbe and Union Investment in 2020. The development is expected to be completed next month and will be occupied by logistics service provider Neele-Vat Services. Janica...

CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro. CapMan Residential Fund acquires the forward funding project from the Swedish developer Serneke at a price of SEK 314 million. The project includes 139 apartments scheduled for completion in Q4-2024. The project, situated in the new urban area Tamarinden, is located 2 km to the south of central Örebro, Sweden’s sixth largest city. The project has high sustainability ambitions and a clear...