Industry News

Staffan Unge has been appointed head of the Nordics. Unge will be based in Hines ’ Nordic headquarters in Copenhagen. His previous roles include head of investment management at Slättö Forvaltning, country head for Sweden at Barings and head of transactions and business development at Svenska Handelsfastigheter, where he has served as a board member since April 2023. Source: realassets.ipe.com on the 16th of January 2025 https://realassets.ipe.com/news/people-moves-hines-appoints-unge-nordics-head/10128141.article

Greystar , a global leader in the investment, development, and management of high-quality real estate across the living sector, has appointed Mary Craddock as Managing Director - Portfolio Management, Europe, with responsibility for separate client accounts. Mary will report into Daniel Breeden, who leads the team. Mary will oversee Greystar’s relationships with its joint venture partners in Europe driving growth and returns for each of the local market build to rent (BTR) or purpose-built student accommodation (PBSA) strategies across Europe...

The Nordic fund manager and property owner Areim and VGP, a developer and operator of high-quality logistics and semi-industrial real estate, have closed their second acquisition in their 50:50 joint venture. The acquisition consists of four assets in four different logistics parks across Germany, France, the Czech Republic and Slovakia. The total lettable area amounts to 114,000 square metres and the portfolio is fully let. The joint venture, focusing on investments in prime logistics in Europe, targets EUR 1.5 billion...

Global Student Accommodation (“GSA” or the “Company”), the global leader in student housing, has formed a joint venture (“JV”) with Nuveen Real Estate (“Nuveen”), one of the largest real estate investment manager in the world, on behalf of its parent company TIAA, and signed an agreement to acquire the YouFirst signed signed an agreement to acquire the YouFirst Campus portfolio in France from Gecina for c.€540 million. This strategic partnership combines GSA’s expertise in all aspects of investing and managing...

Real estate investor and fund manager Cromwell Property Group (ASX:CMW) (Cromwell) and Bain Capital, one of the world’s leading private investment firms, have agreed one of the largest logistics letting transactions of the year in Italy. MVN Industrial Solutions (MVN), a leading 5PL operator part of the MSC Group, has signed a lease agreement, which totals 52,440 sq m of logistics space, for the entire Pontedera Logistics development in the province of Pisa. MVN has signed a 14-year lease for...

On 18 December 2024 a.s.r. real estate signed, on behalf of the ASR Dutch Science Park Fund, the purchase agreement with LCN Capital Partners for the acquisition of the European headquarters of Avery Dennison. With this acquisition, the science park fund of a.s.r. real estate is now also active at the leading Leiden Bio Science Park. The fund already has buildings at the TU Delft Campus South, Biotech Campus Delft, and Kennispark Twente in its portfolio. The ASR Dutch Science...

Alma and Rexbo have acquired in two separate transactions the properties Haninge Jordbromalm 6:95 and Håbo Bålsta 3:336 & 3:412. The sellers were Kilenkrysset AB and Veidekke Entreprenad AB. Bålsta 3:336 & 3:412 are in the Västerskogs industrial area with a total leasable area of 1 750 sqm and a land area of 14 250 sqm. In connection with the acquisition, a green lease agreement has been signed with Veidekke Entreprenad AB where meaningful investments in sustainability aspects are planned...

MARK Capital Management, a pan-European real estate investment manager, has achieved a final close for the latest vehicle in its urban logistics fund series, Crossbay. Crossbay II has secured €660m in total fund commitments, representing a 20% increase in fund size compared to the predecessor vehicle. Including debt financing, Crossbay II has a total investment capacity of over €1.5bn, which will be deployed and managed by Crossbay's on-the-ground teams across the major markets in Europe. New investors include pension funds...

Anky Vink has been appointed as the Fund Manager of the Achmea Dutch Retail Property Fund, effective 1 January 2025. She will be responsible for the strategic investment policy of the fund (EUR 900 million AuM). Anky Vink has been working at Achmea Real Estate as an Asset Manager since 2018. Previously, she was active as a real estate advisor and registered valuer at companies including Cushman & Wakefield, DTZ Zadelhoff, LMBS retail, and Locatus. She has a total of...