Industry News

Hines, the global real estate firm, announces the lease, in joint venture with a major institutional investor, of 6,500 square metres of office space to Wacano, a subsidiary of the Chamber of Commerce and Industry of Paris Île-de-France, and IT services provider, Septeo, at Workstation. Hines is the asset manager of the Workstation building. The workstation building is located on the banks of the River Seine, close to Paris La Défense, in Courbevoie. The property spans c.41,000 square metres with...

Catella Real Estate AG (CREAG), Munich, is acquiring the 12,668 square metresfully let Planetenbaan 20-99 residential property in Maarssen, the Netherlands, for the special fund "Catella Dutch Residential II". The seller is Edelwonen B.V. Member of the Bouwhuis Group, a residential property investor and manager specialising in multifamily homes. The 12,668 square metres Planetenbaan residential complex consists of three buildings with 8 to 12 floors. The property was originally built as an office complex in 1990 and was lavishly converted...

Azora, the Madrid-based European real estate investment manager, has completed the acquisition of the Pestana Blue Alvor, a five-star hotel in Portugal’s Algarve region, on behalf of the Azora European Hotel & Lodging, F.C.R. (“Azora EH&L” or the “Fund”), from Pestana Hotel Group, the largest multinational hospitality group of Portuguese origin. Constructed in 2019 by the Pestana Hotel Group, the 120,000 square metres 5 star resort comprises nearly 500 rooms alongside six restaurants and bars, six indoor and outdoor swimming...

Moorfield Group, the UK-focused real estate fund manager (“Moorfield”), announces that it has sold, on behalf of its Moorfield Real Estate Fund III (“MREF III”) and Moorfield Real Estate Fund IV (“MREF IV”), two purpose built student accommodation (“PBSA”) schemes, totaling 789 beds, to a joint venture established between Ares Management (“Ares”) funds and Generation Partners LLP (the “JV”). Hox Park, located in Egham, Surrey, provides state-of-the-art accommodation to students of Royal Holloway, University of London, which was recently ranked...

Macquarie Asset Management, on behalf of the Macquarie GLL European Property Fund, will expand its presence in France by acquiring two logistics facilities in a forward funding agreement with Linkcity, a subsidiary of Bouygues Construction. Logisterra consists of two state-of-the-art facilities totalling 102,000 square metres which are due to be completed in Q3 2023. Strategically located in the major logistics hub of the Hauts-de-France region, the properties will benefit from direct access to France’s largest ports of Calais and Dunkirk...

Macquarie Asset Management, on behalf of its European Logistics Real Estate Fund, has agreed to acquire a state-of-the-art logistics and warehousing facility currently under development near Warsaw from Logistic Property Investment, owned by Żabka Group and managed by Żabka Property Fund. The 60,000 square metres facility will be one of the most technically advanced distribution centres in Europe when it is completed later this year, powered by trigeneration and solar, and equipped with cutting-edge autonomous fulfilment technology. The facility is...

Deka Immobilien has exchanged contracts to secure the purchase of a new building project in the Paris metropolitan region of Île-de-France for EUR 160 million. The seller is Gemfi, the development arm of the French real estate company Gicram Groupe. The e-commerce fulfilment centre will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa. "Project Tailor" in Montereau-sur-le-Jard offers more than 141,000 square metres of leasable space, 1217 parking spaces for cars and 66 parking spaces for...

Hines European Property Partners (HEPP) aims to attract EUR1bn in investor equity from global investors in the first 12 months following its launch Hines, the global real estate firm, today announced that Hines European Property Partners (“HEPP” or the “fund”), its new diversified, open-ended core-plus fund focused on key European markets, has secured c. EUR800 million of equity commitments from investors at its first closing, less than three months after the fund’s launch. Embarking on an accelerated programme of equity...

Invesco Real Estate (Invesco), the GBP67.8 billion global real estate investment manager, and Barwood Capital Ltd (Barwood) announce today a partnership to build a portfolio of urban/last mile high quality industrial and logistics warehouses across the UK. The strategic partnership will focus on creating sustainable industrial product through speculative development, asset management or re-positional opportunities, concentrating on locations with strong rental growth prospects and occupier demand. Andy Rofe, Managing Director at Invesco Real Estate Europe, said: “With further pressure on...