Industry News

The UK's Scape Group, a specialist in purpose-built student accommodation (PBSA) and living units, has appointed Martijn Vos as CEO Europe for its flagship brands, Scape and Morro. The hire marks a milestone in the group’s plans to expand its footprint into the European market. Vos, who brings nearly 20 years of experience in real estate investment, will spearhead Scape Group’s European investment activities, focusing on new student accommodation and co-living investments. He joins the group from Abu Dhabi Investment...

Europa, a pan-European real estate investment specialist, has strengthened its investment management team with the appointment of Aqil Nagji as director, fund management. Nagji will be based in London and work initially as deputy fund manager alongside Simon Hooper, who is retiring at the end of the year, before taking over Hooper's responsibilities as fund manager. In this role, he will support Amirali Kasraie as head of investment management across all of Europa's funds. Nagji joins Europa after over five...

Arrow Capital Partners, a specialist investor, developer and manager of real estate in Europe and Asia-Pacific, has appointed Cormac Dunne as head of transactions, Europe. In this role, Dunne will be responsible for originating investment opportunities across Europe, with particular focus on the UK, Netherlands, Spain, Germany, Nordics and Ireland, working closely with Arrow’s regional European heads and local teams to originate transactions for its five key growth strategies. He will be based in Arrow’s London office. The move is...

Feldberg Capital has appointed Luke Duckworth as fund manager for Cora, its £500 million (€593 million) brown-to-green workplace fund targeting refurbishment opportunities in London’s West End. Based in Feldberg’s London office, he will be responsible for managing Cora’s assets, investor relations and supporting ongoing capital raising for the fund. Duckworth joins from Nuveen Real Estate where he was assistant fund manager of a €2 billion fund that invested in diversified opportunities in European cities. Prior to this he worked in...

Niam , in collaboration with Nordsten Development , has acquired 60,000 square meters of land for logistics development in Palmbohult, Örebro, Sweden. The property has a strategic location with good access to Stockholm, Oslo, and Gothenburg. Plans for the site include the construction of a state-of-the-art logistics facility of approximately 24,000 square meters. Construction is expected to begin in the fall of 2024, and the building will be environmentally certified according to BREEAM standards, aiming for an Outstanding rating. Source...

Real estate investor Altera Vastgoed N.V. ("Altera") has further expanded its retail portfolio with the acquisition of a convenience retail investment at Molenplein in Heerenveen. The complex comprises three retail units with a Jumbo and Aldi supermarket, an Action non-food discount store and five residential apartments above the stores. The complex was built in 1988 and renovated in 2016, when the retail area underwent a complete makeover. It occupies a strategic location directly adjacent to Heerenveen’s main shopping area. By...

Areim has acquired eight light industrial properties in Västerås in Sweden with approximately 17,000 sqm of lettable area. The properties are located in the Hälla and Hacksta industrial areas. With this acquisition, Areim establishes itself in Västerås, Sweden's sixth largest city, within the light industrial sector and expands outside the metropolitan regions. The properties are leased to 96 percent to a mix of attractive tenants. Areim is planning to develop the properties’ sustainability profile through, for example, the installation of...

The Aura office building in Helsinki has been completed and transferred to the holdings of open-ended special real estate fund UII EuropeanM. Union Investment acquired the planned prime office property in 2022 and has invested over EUR 78 million in the project. It is located in Ilmala, a rapidly developing modern district close to Helsinki city centre. The building offers some 11,700 sq m of rental space, of which around 9,000 sq m is devoted to offices. The highly flexible...

Madison International Realty, a leading real estate private equity firm, has acquired an 18.7% stake in the Heitman European Residential Investment Partners fund (the “Fund”). The Fund’s portfolio comprises residential rental units in Western Europe with a particular focus on Germany and the Netherlands. Madison’s investment supports Heitman’s business plan to create value for investors through targeted refurbishments, select asset disposals and unit privatisations. Alex Lukesch, Managing Director and Head of the European Investments at Madison, commented: “The residential sector...