Industry News

HIH Invest Real Estate (“HIH Invest”) just acquired a residential development in Wuppertal on behalf of the “Deutschland Wohnen Invest” institutional fund from its developer, TEAMRHEINRUHR Projektentwicklung GmbH. The property, which will deliver 5,025 square metres of dwelling floor area, is located on Münzstrasse in the Barmen district. The development will create 60 residential units inside a five-storey building that will meet the “KfW Efficiency House 40 EE” standard. It is supplemented by a listed live-in signal box upgraded to...

Aviva Investors, the global asset management business of Aviva plc, announces it has completed a deal to provide £72.5 million in funding to Peaks & Plains Housing Trust (‘Peaks & Plains’), a social landlord based in Macclesfield, Cheshire. The agreement will enable Peaks & Plains, which manages over 5000 homes across East Cheshire and the High Peak, to continue delivering on its plans for communities across three local authority areas in Cheshire, as well as Derbyshire, High Peak in the...

CBRE Investment Management has appointed Krijn Taconis in a key position to boost business for the firm. As head of transactions in the Netherlands, he will focus on business development and ‘complex’ acquisition and disposal processes, while also working with EMEA teams and being part of the firm’s Dutch leadership It is a return to the fold for Taconis who spent 11 years at the company as executive director and head of retail in Amsterdam. He left in May 2018...

As part of its ongoing development strategy to widen its market coverage and address a broader range of international institutional investors, Primonial REIM has appointed four new team members to strengthen its business development unit. Alexander Tilson has been appointed as managing director, business development, Primonial REIM UK, based in London. He will focus on international investors located in the UK, Scandinavia and Benelux. Tilson has almost 20 years’ experience in European private real estate capital raising and investing. Before...

Immobel Capital Partners, the London-based investment management business of Immobel Group announces the appointment of Melinda Knatchbull as Chief Financial and Operating Officer. In her new role she will be responsible for the financial, operational and risk aspects of Immobel Capital Partners activities. Melinda has over 25 years experience in the fund management industry, with the last 20 focused on real estate. She has spent circa 20 years working alongside Duncan Owen, CEO of Immobel Capital Partners. Melinda will work...

Real estate investor Altera Vastgoed (hereinafter “Altera”) announces the arrival of Parham Jadidi. Parham Jadidi MSc started per July first as Acquisition Manager Retail. Jadidi spent the past year working as an independent consultant with a focus on retail real estate and prior to that as an Acquisition & Leasing Manager at IEF Capital. Between 2011 and 2019, he worked as a Real Estate Advisor Jadidi was het afgelopen jaar werkzaam als zelfstandig consultant met een focus op winkel vastgoed...

JLL has appointed Edmund Craston and Ian Gleeson as Senior Advisors and Nick Evans as a Senior Consultant to its Capital Markets business. This follows the appointment of Julian Schiller as Head of Capital Solutions earlier this year. The senior roles will assist with the continued expansion of JLL’s EMEA Capital Markets across both Investment Advisory and Corporate Finance. Edmund Craston held senior leadership roles at both Rockspring and Patrizia Prior to this, he was European Head of Real Estate...

BNP Paribas Asset Management (BNPP AM) has raised more than €700m for its second senior commercial real estate debt fund. The manager said the amount raised for BNP Paribas European Real Estate Debt Fund II, exceeded the fund’s €500m target. Fund II’s predecessor closed in April 2021, with €335m of capital now fully deployed across 12 assets in continental Europe. The fund has so far been deployed across 19 transactions in Continental Europe, in the logistics, office and residential sectors...

Swiss Life Asset Managers has acquired a 73,200 m2 site in Düsseldorf-Flingern from Metro Properties, the real estate company of Metro. The site acquired forms part of the Metro Campus at present, but is destined for a new neighbourhood development project. Metro will maintain its head offices on the adjacent site, which will be transformed into the new Metro campus. Swiss Life plans to build around 1,500 apartments on the plot, with target completion of around 2027. However, the new...