Industry News

Allianz Real Estate has expanded its European logistics platform with the acquisition of assets in Denmark and Sweden The asset manager is acquiring three assets in a sale and leaseback deal with Danish transport and logistics firm DSV for an undisclosed amount. The 211,000sqm portfolio comprises two recently completed properties in Denmark and Sweden with the third property in Denmark expected to be completed in the fourth quarter of this year. Thomas Villadsen, director of Nordics and CEE at Allianz...

Global logistics real estate company Prologis has purchased a 260,000 square meter, eleven-building portfolio in Germany. The buildings are located in Rhine-Ruhr, Berlin, Rhine-Main, Rhine-Neckar, Hannover, Ulm and Regensburg. The seller is an open-ended special AIF (Spezialfonds) of German pension funds, insurance groups and foundations managed by UBS Real Estate GmbH. “Germany is a growing market and this acquisition allows us better serve both existing and future customers,” said Björn Thiemann, senior vice president, country manager, Prologis Germany. “Importantly, most...

PGIM Real Estate has acquired two logistics assets in France on behalf of its value-add European Value Partners II fund. PGIM Real Estate said it has acquired a 240,000sqm land plot with logistics use in Avrigny to develop up to three logistics platforms and has bought a 19,000sqm logistics project in Longueil-Sainte-Marie from Quartus Group in a forward funding deal. Nabil Mabed, the head of France, Spain and Portugal, said: “The digital transformation of the economy continues to drive demand...

GARBE Industrial Real Estate Netherlands has acquired logistics development at Rotterdam Pernis for around €85m on behalf of a fund it manages with Union Investment. Garbe said it has bought the fully-leased 39,334sqm turnkey development from Dudok Real Estate on behalf of UII Garbe Logistik Fonds, a European logistics real estate fund launched by Garbe and Union Investment in 2020. The development is expected to be completed next month and will be occupied by logistics service provider Neele-Vat Services. Janica...

CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro. CapMan Residential Fund acquires the forward funding project from the Swedish developer Serneke at a price of SEK 314 million. The project includes 139 apartments scheduled for completion in Q4-2024. The project, situated in the new urban area Tamarinden, is located 2 km to the south of central Örebro, Sweden’s sixth largest city. The project has high sustainability ambitions and a clear...

PATRIZIA, a leading partner for global real assets, has made a strategic, landmark acquisition in Sweden by investing c. EUR 350m on behalf of its clients in a premium Stockholm residential portfolio through the pan-European open- ended residential strategy, Living Cities. The transaction, once closed, will propel the Living Cities strategy to towards EUR 2bn AUM and increase PATRIZIA’s current residential AUM to around EUR 17bn. “The area of Stockholm offers stable income return and long-term capital growth. Thanks to...

(Milan) - aparto Milan Giovenale, owned by “Living 2.0” Fund, managed by Savills Investment Manager SGR SpA and invested into by Hines, a global real estate firm, in joint venture with Blue Noble, an international real estate investment manager, has opened in the heart of the city. The development of aparto Milan Giovenale was led by Hines Italy as development manager and is the Group’s first in Italy. Bank Unicredit financed the project and the management of the scheme is...

Union Investment has acquired Kontorhaus am Wall, the newly built serviced apartment project in Bremen’s historic old town, from Corestate Group. The parties agreed not to disclose the purchase price. The acquisition is being made on behalf of special real estate fund Urban Living Nr. 1. The recently completed Kontorhaus am Wall comprises 86 serviced apartments. The apartments range in size from 22 to 41 sq m and benefit from spacious communal areas on the ground floor and two roof...

(Berlin) – Hines, the global real estate firm, on behalf of its Hines European Value Fund (HEVF 1), has agreed a new 10-year green lease with the Fraunhofer Institute for Open Communication Systems FOKUS at its existing headquarters, at Atrium Charlottenburg, in Berlin. The Fraunhofer Institute FOKUS has been located at the property since 1997 and has extended its lease terms to remain on nine floors totaling c. 16,000 square metres. The institute specialises in applied research and development in...