Industry News

CapitaLand Investment Limited (CLI), a leading global real asset manager, announced that its self-storage platform, Extra Space Asia (ESA) has formed a strategic partnership with Ambitious Co. Ltd. (Ambitious), the largest indoor self-storage manager in Japan. Ambitious’ self-storage business, “Syuno-Pit”, operates 681 self-storage facilities across 126 cities and districts in Japan. ESA is set to expand its portfolio in CLI’s focus market of Japan by leveraging Ambitious’ strong track record and on-the-ground expertise to source, develop and manage self-storage facilities...

Delancey partners with long-income specialists to create new investment manager · Evermill Capital will deliver bespoke asset-backed financing solutions for operating businesses and institutional clients · Evermill Capital has been founded by Scott Gardner, Tom Benham and Harry Millward backed by Delancey · Scott, Tom and Harry have collectively raised c.£3bn and helped to deploy over £2.5bn into secure income real estate in recent years · Delancey’s senior leadership, which are shareholders in the new business, will provide strategic support...

CBRE Investment Management has expanded into Italy’s living sector with the acquisition of a 928-room purpose-built student accommodation (PBSA) asset in Milan. The fund manager has invested an unspecified amount on behalf of a separate account client to buy the new student housing campus in Novate Milanese developed by Techbau. The campus is the second largest in Italy and provides 1,075 beds. Source: realassets.ipe.com on the 6th of December https://realassets.ipe.com/news/cbre-im-adds-928-room-student-housing-asset-to-italian-portfolio/10127591.article

Nordic private equity real estate investor Slättö has raised an initial SEK2.5 billion (€220 million) for its third value-add fund. The fund manager said the first close of Slättö Value Add III, which included co-investment capital, represents 50% of the fund’s target size within six months of its launch. Slättö Value Add III was backed by a diverse group of both new and existing investors, including pension funds, foundations and asset managers from Europe and the US, Slättö said. Source...

UK student accommodation specialist Unite Students has purchased a site in Glasgow to build a new 934-bed property. The £126 million (€152 million) development in the centre of the Scottish city is set to open ahead of the 2027/28 academic year. The Central Quay property, north of the River Clyde, will include a social marketplace café, yoga room, gym, screen rooms, and a garden room with a terrace. Unite said full planning permission for the scheme was received earlier this...

Savills IM and Greystar have teamed up on the acquisition of a 455-home rental residential asset in Madrid for around €150 million. Located at Calle de Leganés 11 near Atocha railway station, the asset was developed by Acciona and will operate under Greystar’s new Nera Living brand. It comprises 455 rental apartments, including studios, one-bedroom and two-bedroom apartments, over 13 floors. Following this transaction, Savills IM will manage a portfolio of almost 1,000 rental properties in the Spanish market. In...

A fund managed by Storebrand Asset Management has purchased a newly constructed logistics centre in Borås, Sweden, from a joint venture between Nordic textile and home interior chain Kid and Norwegian real estate operator Fabritius. The logistics asset was acquired for over SEK 600 million (€51.9 million). The 57,000 square meters facility is designed to support Hemtex and Kid's retail operations throughout the Nordics and Baltics, as well as their growing e-commerce business in Germany and Europe. Situated on a...

Partners Group is acquiring Empira Group, a real estate manager overseeing a €14 billion gross development value portfolio of residential properties across Europe and the US. Founded in 2014 and based in Switzerland, Empira focuses on residential investments, sustainability-driven projects and real estate credit. In its credit segment, Empira provides financing solutions such as senior and junior loans, whole-loan and mezzanine financing, preferred equity and joint venture opportunities. Global private markets firm Partners Group – which is investing an unspecified...

Catella Real Estate has acquired three cross-dock logistics properties in Nuremberg, Mainz and Iserlohn for its special fund Catella Logistik Deutschland Plus. The assets, built in 2016, were acquired from DWS. Financial details were not disclosed. The sole tenant is Deutsche Post, which uses the properties as last-mile cross-dock sorting and delivery bases. The plot size of all properties is around 53,000 square meters in total. The three buildings have a lettable area of 15,163 square meters as well as...