Industry News

Investment firm Ardian has entered the Spanish residential market by acquiring a Madrid office asset from Patrizia, which it plans to convert into luxury apartments. Ardian has invested an unspecified sum to buy the 3,000sqm property located at Calle Zurbarán 28 in Madrid’s Almagro district with a plan to convert the office space into a residential building consisting of 10 apartments and 40 parking spaces. Ardian said the transaction – which represents its first deal in the residential sector in...

German real estate investment manager Deka Immobilien has acquired two logistics properties from UK REIT Segro for an undisclosed sum. The assets include a distribution centre in Freiberg am Neckar, constructed in 2018, and a cross-dock facility in Erlangen, built in 2015. Both properties are fully leased to financially sound tenants. The Freiberg am Neckar property is located within the Stuttgart automotive logistics hub. This 11,320 square meters facility is leased to automotive supplier Craiss Generation Logistik which delivers Porsche...

Secure income fund manager AlphaReal has invested in a portfolio of 28 childcare facilities located across the UK on behalf of retirement provider Just Group. The transaction takes the total portfolio invested by AlphaReal on behalf of Just Group to over £500 million (€583 million) of long-income real estate and loan note investments. The most recent childcare investment provides long-term finance to help the continued growth of one of the UK’s largest family-run childcare operators, which is responsible for the...

Investment manager KGAL has added a timber-hybrid building to its German office portfolio. The €16 billion manager has invested an unspecified sum to buy the 5,300 square meters PLATINUM building in Wiesbaden developed by OFB. Construction of the timber-hybrid PLATINUM building concluded in 2023. KGAL said a long-term rental agreement with Hessen Agentur, a state-owned entity, provides secure, consistent cash flow for the asset. Source: realassets.ipe.com on the 14th of August https://realassets.ipe.com/kgal-expands-german-office-portfolio-with-platinum-purchase/10075184.article

Global real estate advisor, CBRE , has appointed Rob Madden as head of UK leasing. In this new role, Madden will be responsible for establishing and driving CBRE’s growth strategies to enable continued expansion of its leasing line of business across the UK, covering offices, industrial and retail. In addition, Madden will work in partnership with Julie Ennis, head of UK cccupier, overseeing the tenant advisory teams, to drive strategy and innovation, promote collaboration and deliver an integrated, end-to-end service...

Pan-European logistics developer Panattoni has begun speculatively developing a 200,000 square feet (18,580 square meters) logistics park in Crawley as part of its mid-box logistics development drive in the south east. Panattoni Park Crawley comprises two units of 134,012 square feet and 65,660 square feet, which could be combined into one and will be built to a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A’. Both units will incorporate enhanced sustainability measures, including roofmounted solar panels, rainwater...

JP Morgan Global Alternatives, the alternative investment arm of JP Morgan Asset Management, has submitted a planning application for the modernisation of Bishops Square and Spitalfields Market. The proposal seeks to retain and extend the current office building, which will be re-branded as ‘One Spitalfields’, creating a new public access route from Bishops Square through to the market. The scheme will provide 870,000 square feet (80,825 square meters) of office and retail space, with 70,000 square feet of new terracing...

Belgian retail property investor Mitiska REIM has joined forces with Park Lane Developments to develop retail parks in Bulgaria. Park Lane is a Bulgarian commercial property developer of prime office, logistics/light-industrial, and retail park assets in Bulgaria and the CEE region. The company is part of AG Capital, a commercial and residential investment group operating in Bulgaria, Romania and Poland. The partnership aims to develop at least five prime retail parks within the next five years. The joint venture has...

Aviva Investors , the global asset management business of Aviva, has acquired a brand-new warehouse and production facility in the Helsingborg area of Sweden. The investment represents the first transaction by Aviva Investors in the Swedish market, as it continues to build out its European real estate strategy. Source: propertyeu.info on the 5th of August https://propertyeu.info/Nieuws/Aviva-Investors-debuts-in-Sweden-with-Helsingborg-shed/ee6d3dab-6d01-4b09-a470-4be683d0cb03