Industry News

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has acquired an office complex in Vienna and the Franklinhaus office building in Berlin on behalf of the Next Estate Income Fund III. Both transactions were brokered as off-market deals. Financial details were not disclosed. The Berlin property, Franklinhaus, was completed in autumn 2021 and encompasses roughly 11,500 m2 in total rental area. It is composed of seven floors plus an underground parking offering 62 spaces for cars and 88 spaces...

Commerz Real is entering the Swedish photovoltaic market. The real assets subsidiary of Commerzbank has purchased two solar park projects with a total output of 69 MWp for its “Institutional Renewable Energies Fund II”: “Kings Roar” with an installed capacity of 21.7 MWp in the municipality of Västerås about 100 kilometres west of Stockholm and “Tierpark” with 47.3 MWp in Tierp about 130 kilometres to the north of the Swedish capital. According to statements by the seller, the Swedish project...

Moorfield Group, the UK-focused real estate fund manager, announces that it has entered into a development agreement with Melberry Developments (“Melberry”), on behalf of Moorfield Real Estate Fund IV, for a 282-room PBSA development in the historic market town of Colchester. In line with its ambitious 2030 net zero commitment, the project, which has Gross Development Value of GBP40 million, incorporates Moorfield’s first ESG-linked development agreement, with the development team specifically incentivised to achieve a BREEAM “Excellent” rating. The high-quality...

AEW, one of the world's leading real estate investment and asset managers, announces that it has agreed to acquire off market, on behalf of its specialist pan-European logistics strategy LOGISTIS, Würzburg East Park, a c. 78,000 sq m Grade A logistics development in the Dettelbach district of Würzburg, Germany. Würzburg East Park is pre-let to German fashion company s.Oliver on a 15 year lease and will serve as a central distribution warehouse for the brand’s activities in Europe. The scheme...

M&G’s EUR5 billion European Property Fund (the Fund) managed by David Jackson and Simon Ellis has won record inflows of EUR524 million between January and March this year – the largest amount raised in a single quarter in the Fund’s 15-year history. The capital comes from three new and four existing clients in Europe and Asia. A combination of the Fund’s international investor base, long term performance and the track record of its management team all contributed to the Fund’s...

Axel Durand-Smet has joined the partnership capital team as an associate director in Paris, where he will be working on the structuring and origination of deals in the European markets. Durand-Smet joins ICG from Kildare Partners where he was a VP in the investment team and he has a wealth of experience in the European and Nordics markets having worked previously for Sedco Capital, Colony Northstar and Heitman in their respective London offices. Source: realassets.ipe.com on the 14th of April...

Barbara Maltha joins firm as Principal, to lead Netherlands office Partner Matt Hershey relocates to Amsterdam to build out European operations Hodes Weill & Associates (Hodes Weill), a global capital advisory firm specializing in the real estate and real assets funds management industry, today announced that it has expanded its European operations to focus on the growth of institutional capital allocations in the region. Hodes Weill has hired Barbara Maltha as Principal from CBRE Capital Advisors, where she covered the...

Europa Capital, the pan-European real estate investment manager, announces that it has appointed Simon Mitchell to the newly created role of Construction Project Manager to further strengthen its development capabilities whilst enhancing best practice construction processes. Simon will be responsible for the oversight of construction activities across Europa Capital’s pan-European value add fund series and core fund, the Europa Diversified Income Fund (“EDIF”), ensuring projects are in line with the business’ sustainable development & ESG strategy. Working closely with the...

In the context of the continued international expansion of its activities, Primonial REIM today announced the opening of its London office and the hire of Sandra Burrows as Head of Primonial REIM UK. As part of its ongoing development strategy to widen its coverage of international markets, Primonial REIM has opened a new office in London. Having already set up an office in Singapore, at the end of 2021, Primonial REIM is now physically present in London, another major global...