Industry News

PGIM Real Estate and Pithos Capital have launched a joint venture in France to acquire and reposition self-storage assets. PGIM Real Estate made the investment on behalf of its European value-add strategy. PGIM Real Estate is the $212 billion real estate investment firm of PGIM and the third-largest real estate firm globally. In 2024, PGIM Real Estate’s European value-add strategy has secured over €600 million of acquisitions, primarily across logistics and living in Europe’s major cities, as well as healthcare...

Barings is investing €100 million on behalf of a separate account client to acquire a logistics park in Spain. The manager said it was acquiring the 123,000 square meters logistics park in Moncada, Valencia in a forward-purchase agreement with Grupo Bertolín. The project, on 181,500 square meters of land, is to be developed in three phases, starting in the first half of 2025. Barings, in a separate deal, has sold a 55,600 square meters logistics asset in Ontígola, Spain, to...

Fidelity International ’s new European logistics real estate climate impact fund has made its first investments, acquiring three assets in the Netherlands and Spain. The Rest Super-backed Fidelity Real Estate Logistics Impact Climate Solutions (LOGICS) fund has a 44,500 square meters property in Industrial Park Katsbogten, Tilburg, and an 18,000 square meters site in Roerstreek industrial estate, Roermond, both in the Netherlands. LOGICS also bought a logistics park in Ontígola, Spain, comprising two buildings with a total rental area of...

Invesco Real Estate has acquired a 327-bed hotel in Poland on behalf of a German separate account mandate from Granaria Development Gdansk, a partnership between Immobel and Multibud. The real estate manager said the acquisition of the Cloud One Hotel Gdansk is the first time the client, “a long-standing German separate account mandate”, has diversified into the hotels sector. Financial details were undisclosed. The seven-storey hotel located on Granary Island in central Gdansk, completed this year. It will be managed...

Realterm , an independent global investment manager focused on the transportation industry, today announced the acquisition of a cross-dock facility with a separate maintenance shop located in Eersel, Netherlands. The property, situated at Meerheide 15, encompasses 6,381 square meters on a 37,457-square-meter site in the sought-after Eindhoven logistics market. The 4,287-square-meter cross-dock facility features 40 dock-level doors and six truck-sized level access doors. The property's wider-than-standard 48-meter cross-dock configuration offers enhanced operational flexibility and is complemented by a dedicated 1,328-square-meter...

Manova Partners today announces its repositioning as an independent, internationally active real estate asset manager following its separation from Australia’s Macquarie Group. The company was founded in 2000 as GLL Real Estate Partners and has been part of the Macquarie Group since 2018. Manova Partners’ approximately 150 employees currently manage a global property portfolio of 170 properties in the office, logistics, residential and retail property sectors from 17 locations in Europe, the USA, Latin America and Asia. With assets under...

GREYKITE European Real Estate Fund (the "Fund") has agree the acquisition of an 8,000 sqm vacant hotel in Munich, which will seed a newly formed €250 million purpose-built student accommodation ("PBSA") strategy, in joint venture with Equilibria Group (the "JV"). The property being acquired from owner and operator NH Hotels is strategically located in the Southern part of Munich, with several of the city’s top-ranked universities easily accessible via public transport. The JV plans to undertake a comprehensive repositioning programme...

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...

Tribeca and Cobelpro are proud to announce their strategic merger under a unified structure, creating Wanaka Partners, a fully integrated real estate firm with a sustainable edge. This transformative merger combines decades of expertise to deliver a complete range of real estate services, redefining the European commercial real estate landscape. Effective as from 1st January 2025, Wanaka Partners will operate with a new organisational structure, while still ensuring a smooth transition and continuity of services for clients and stakeholders. Cobelpro...