Industry News

In his new role as Head of Global Markets, Jens will lead NREP’s approach to growing and building new markets and business lines. Leading Nordic real estate investor NREP announces the appointment of Jens Stender to the business as Partner and member of the Executive Management Team. As Head of Global Markets, Jens will play a pivotal role in leading NREP’s growth ambitions, on both a geographical and strategic level, as it looks to enter new markets and product lines...

PATRIZIA AG, a leading partner for global real assets, has secured planning permission from London’s Camden Council to convert the iconic hClub building into a state-of-the-art office in the heart of Covent Garden on Endell Street. The plans will see PATRIZIA transform the former members’ club into c. 35,000 square feet of Grade A office space that will serve as the company’s UK HQ. The office will initially host up to 200 of PATRIZIA’s London-based employees, including its new PATRIZIA...

Capital Bay is striving for further growth and for this purpose founded a corporation under Luxembourg law on January 1, 2022, Capital Bay Group SA. With this step, the owner-managed, internationally active investment, asset, property and facility manager and project developer for all types of use, which is integrated at all stages of the value chain, is ready for the capital market and organizes the three companies Capital Bay Fund Management SARL under the Capital Bay Group SA , Capital...

La Française Real Estate Managers (REM), acting on behalf of PFA, a Danish pension fund, has signed a forward purchase agreement for its first senior housing unit in Bruges, Belgium, at 457 Baron Ruzettelaan. This investment is part of a separate account mandate granted by PFA to La Française Real Estate Managers. The acquisition covers the development of a senior housing unit of approximately 5,000 square metres, spread over 4 floors (ground floor + 3) and includes many terraces. The...

CBRE Investment Management (CBRE IM) has acquired a recently completed 57,000 square metres logistics park at Leipzig-Halle Airport on behalf of one of its core strategies. The seller is Invesco Real Estate. The parties agreed not to disclose the purchase price. The logistics park at An der Autobahn 1 in Schkeuditz was completed in 2021 and achieved a German Sustainable Building Council (DGNB) Gold sustainability rating. It offers 51,300 square metres of flexible storage space which can be partitioned into...

Hines, the global real estate firm, and Allianz Real Estate, one of the world’s largest real estate investment managers, have finalised an EUR80 million investment in the Urban Mile fund managed by Blue SGR. The investment sees the acquisition of 110,000 square metres of brownfield land in Via Rubattino in Milan for the construction of an innovative logistics hub designed for last-mile deliveries and electric mobility. The new facility will be one of the largest logistics platforms for the city...

AXA IM Alts, a global leader in alternative investments with EUR183 billion of assets under management, announces that it has acquired a c. GBP391 million (c.EUR470 million) prime UK logistics portfolio, from a joint venture between Goldman Sachs and Canmoor. The transaction has been made on behalf of clients through AXA IM Alts’ market leading Real Assets platform, which is the leading real estate portfolio and asset manager in Europe. The 1.9 million square feet (c. 177 000 square metres)...

Pradera, the leading retail real estate asset, investment and fund management specialist, is pleased to announce the debt refinancing of its pan-European retail park investment vehicle, Pradera European Retail Parks SCSp (the “Partnership”). The Partnership was established in 2017 to acquire retail parks situated adjacent to IKEA stores in 18 locations in Germany, France, Poland and Czech Republic. The original acquisition was financed with a mixture of capital from third party investors and five-year loan facilities, due to expire in...

Genesta is pleased to announce the acquisition of Cirkelhuset II in Køge, in greater Copenhagen, Denmark. The acquisition is Genesta’s first residential deal, and it is made on behalf of Genesta´s fifth fund, GNRE Core Plus Open-ended. The seller is CECN, owned by Ejendomsselskabet Casa Nord and CEC Group Holding. - This is an exciting time for Genesta. With Cirkelhuset II we expand our focus from office, retail, and logistics to also include the residential sector, fitting our fund´s strategy...