Industry News

Berlin-based Catella Residential Investment Management (CRIM) has announced that the Catella European residential III fund (CER III) has raised around EUR280 mln from seven German and Dutch institutional investors, as its total assets under management passed the EUR1 billion milestone. CER III has a diversified portfolio of investments in seven European countries encompassing around 30 properties. Several assets in the Netherlands, France, the UK, and Spain are also in due diligence. CER III’s most recent acquisition, and its second in...

GARBE Institutional Capital has acquired the technology property "Mäander" from the investor and real estate developer asto Group. The move was taken on behalf of the open-ended alternative investment fund (AIF) "GARBE Science and Technology Real Estate Fund 1" (GARBE STREF #1). The fund was launched together with the capital management company (KVG) INTREAL and is structured as a club deal of institutional investors. Mäander is located in an established innovation cluster between Oberpfaffenhofen and Gilching near Munich. The new...

Global real estate advisor, CBRE, has appointed Rob Jackson to head up their City investment team. Jackson joins from JLL, where he has been leading the City Capital Markets team since 2019. He has been with JLL since 2011, joining them from Lambert Smith Hampton. He has 15 years of industry experience and brings with him significant expertise and connections. In his new role, Jackson will be leading the City Investment Properties team with a primary focus on developing client...

European real estate investment manager Europa Capital has bolstered its asset management team with the appointment of Rachel Hanke as managing director, Portfolio Manager. Hanke brings nearly 20 years of portfolio and asset management experience having worked in several roles across the real estate sector. She will be responsible for recommending and implementing investment and asset management strategies for Europa Capital’s value-add funds series. She has spent the last two years managing private residential investments, alongside advising real estate private...

BNP Paribas Real Estate (BNPPRE) has announced the appointment of Andrew Fyfe as associate director within its Healthcare & Senior Living team. Fyfe joins from senior living consultancy and research firm, Sovereign Property Partnership, which he co-founded and where he served as a Lead Researcher for two years. Prior to this, he held roles at Rettie and Co, and East Street Homes. He is the latest hire recruited into BNPPRE’s Healthcare & Senior Living team following the announcement of Samantha...

Christoph Glaser has been appointed to the company’s management board to assume the functions of the CFO and to succeed Karim Bohn. In addition, Glaser will assume responsibility for risk management, investor relations, and procurement and services. Glaser was previously the CFO of Home Credit Group, the global consumer finance business of PPF Group. Previously, Glaser held several CFO and other senior management roles at General Electric. Bohn took on the role of CFO at the end of 2015 and...

The property arm of Dutch insurer ASR is buying Sweco Capital Consultants to help grow its real estate and infrastructure offerings globally. The ASR Real Estate team will merge with Sweco Capital Consultants, an independent consultant employing 16 people. As part of the deal, Jeroen Winkelman co-head of Sweco Capital Consultants and Herman Gelauff a senior consultant and head of the firm’s real assets investments will become part of the management team of the newly combined investment partners team. Established...

Spanish private fund manager Meridia Capital has completed the sale of the Sea Towers complex to German fund manager Allianz Real Estate in an off-market deal worth EUR185 million. The 29,000 m2 sea-front project consists of two office buildings and is located within the 22@ district, a prime business area in Barcelona. The sale was initially agreed last summer. Commenting on the deal, Meridia Capital chairman Javier Faus said it represents ‘an example of collaboration with local authorities to promote...

US asset management firm Blackstone is seeking to expand its footprint in Ireland with new deals worth over EUR1 billion. According to React News, Blackstone has snatched up two large buildings in Dublin on long term leases to tech companies Facebook and Salesforce. The first is Fibonacci Square, part of Facebook’s European HQ at Ballsbridge, comprising of around 80,000 m2 and fully-let on a 25-year lease. Blackstone’s second target is Spencer Place at North Wall Quay, a 35,303 m2 suare...