Industry News

UK local authority pension schemes and the Church Commissioners for England are among investors that have committed £350m (€410m) to Bridges Fund Management’s “dark green” real estate impact fund. Bridges Property Alternatives Fund V, which has been classified as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR), attracted a number of repeat investors, including Clwyd Pension Fund, East Riding Pension Fund, the Environment Agency Pension Fund, Merseyside Pension Fund and South Yorkshire Pensions Authority. New investors...

CapMan Real Estate has announced the hire of Carsten Kirk as development director to strengthen its Danish team. In this key role, he will be responsible for CapMan Real Estate’s development projects in Denmark. Kirk will be based in Copenhagen and start in his position on 1 June 2022. Kirk has over 35 years of experience working within the Danish real estate industry, where he also has a significant and relevant network. Most recently he worked as project director at...

IPUT Real Estate, Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, announces the appointment of Marie Hunt to the newly created role of Head of Research and as a member of the IPUT senior management team. Ms Hunt will join IPUT in the Autumn and will be responsible for IPUT’s thought leadership strategy, supporting the business’ investment process, placemaking strategy and sustainability programme. Marie Hunt is an authoritative and respected commentator and researcher...

PATRIZIA AG, a leading partner for global real assets, has hired Jérôme Delaunay as its new Head of Asset Management for South-West Europe (France, Iberia and Italy). Delaunay, who will join PATRIZIA in June from AXA IM Alts, brings over 25 years’ real estate investment management experience to the table across all major asset types. He will be based at PATRIZIA’s Paris office and report to Amal Del Monaco, Head of European Asset Management & Countries, who commented: “I am...

Mark Siezen is to replace Dick van Hal as CEO of Bouwinvest Real Estate Investors after 14 years at the Dutch real estate investment manager. Siezen, who joined Bouwinvest in November 2022 as chief client officer, will assume the top job in September. Bouwinvest, which manages the real estate investments of Dutch pension fund BpfBOUW, won three categories – Direct Strategy, Core and Core-plus Strategies and Social Impact – at the IPE Real Estate Awards last week. Under van Hal’s...

Nuveen Real Estate has raised an initial €150m from “several German institutional investors” for its new European debt strategy which seeks to raise €500m. The investment manager disclosed that the first close of its fourth debt strategy in the European commercial real estate debt series was backed by a number of unmanned German institutions alongside Nuveen’s parent company, TIAA. Nuveen said the latest fund is the firm’s first pan-European debt strategy in the series. Christian Janssen, the head of commercial...

Global real estate investment manager AEW has acquired Alcora Plaza, a prime, grocery-anchored retail park in Parque Oeste, Madrid in Spain. Financial details were not disclosed. The asset was acquired on behalf of one of AEW’s funds from Goldman Sachs Asset Management, who purchased the former Ikea store in 2017 and transformed it into a multi-tenant retail park. Alcora Plaza comprises 16,400 m2 of recently refurbished space divided into fourteen retail units, alongside a food court, recreational area and external...

Global real estate investment company Kennedy Wilson has acquired a diversified portfolio of 20 UK urban logistics assets totalling 1.3 million ft2 (120,800 m2), via an off-market transaction with UK logistics specialist, Leftfield, for $287 mln (€267 mln). Kennedy Wilson has a 20% ownership in the portfolio and invested $24 mln of equity in the transaction. The industrial properties are situated in key urban logistics locations across the UK, including London and the South East, Yorkshire and the Midlands. The...

AXA IM Alts, a global leader in alternative investments with c.€188 billion of assets under management, announces that it has secured two new tenants at the landmark TechnoCampus office complex in Berlin, Germany. AXA IM Alts acquired TechnoCampus in 2018, on behalf of clients, from Caleus TechnoCampus Berlin GmbH, who retains a minority stake. AXA IM Alts has since developed two further state-of-the-art buildings on the complex, which now totals 62,000 sqm of highly sustainable Grade A office space across...