Industry News

Deka Immobilien has acquired a further office property in Stuttgart for the new Domus Megatrends Europa special fund for an undisclosed amount. The property had been held in a joint venture between the Barings Real Estate European Value-Add Fund I (BREEVA I) and a retained US client of Barings. After purchases in Dublin and Madrid, the property is the third investment for the fund under development. The five-storey Leo Business Campus Bauteil E office building was completed in 2019. It...

BMO Real Estate Partners (BMO REP) has made the first acquisition for its new Europe residential fund. The manager said the BMO Europe Residential FCP-RAIF fund, which seeks raise to raise €800m, has acquired a 5,600sqm property at Paviljoensgracht 1-3 in The Hague for an undisclosed amount. The six-storey building was built in 1983 as an office and commercial building and was converted into a residential building over the last two years. The BMO Europe Residential FCP-RAIF fund, categorised as...

Swiss Life Asset Managers and its subsidiary Mayfair Capital have bought their first residential development in the UK for an open-ended real estate fund. The Swiss Life fund has acquired the Duet development in Manchester from the Moorfield Group managed Moorfield Real Estate Fund (MREF) IV fund for GBP73.9 million (EUR86 million). Located in Salford Quays, Duet was opened in 2019 and comprises 270 one, two and three-room apartments. Jos Seligman, transaction and fund manager at Mayfair Capital Investment Management...

Global real estate firm Hines and Dutch pension fund manager PGGM have partnered to build 1,400 rental apartments in Italy. The partnership’s projects include an urban regeneration plan located in Lambrate and two real estate portfolios situated in Milan’s southern quadrant between Navigli and Porta Romana. Hines said it will act as the developer and co-investor for the projects. Hines said the investment for the Milano Lambrate project, comprising 400 residential units, is being made through the Milan Living Fund...

An opportunistic fund managed by Tristan Capital Partners has acquired a majority stake in a UK and Ireland budget hotel platform as part of a GBP420 million (EUR489 million) deal. Tristan Capital’s European Property Investors Special Opportunities 6 (EPISO 6) has acquired the shareholding in Raag Hotels, which owns 10 Point A Hotels branded hotels. The Tristan fund will own the hotel platform alongside current minority shareholders, Queensway, a company associated with the Jivraj family, and a company owned by...

Generali Real Estate welcomes Fraser D’Arcy as the new Head of UK, a pivotal role to continue the commitment to the Central London market. D’Arcy joins Generali Real Estate following the recent acquisition of the Times Square building, which marked Generali’s comeback to the UK markets. London is one of the main investment markets for Generali Real Estate in the next years, and plays a central role in the company’s investment strategy in the most interesting and dynamic cities across...

Commerz Real has appointed Yves-Maurice Radwan as Head of Infrastructure Investments as of 1 April of this year. He is succeeding Jan-Peter Müller, who left the company at the end of 2021. Radwan joined the real assets specialist of the Commerzbank Group in February 2021, where to date he has headed the Infrastructure Transactions department. In his new function he is responsible for partnerships with project developers and asset management in addition to the transaction business. It is his objective...

Piet van Poppel has been appointed head of logistics transactions management; Rob Trevor has been appointed logistics client experience lead; Harald Evers will take up the role of logistics property platform lead and David Horvath has been appointed director of logistics transactions. Van Poppel has been with CBRE IM since 2005. In his new role, Van Poppel will work closely together with David Horvath, who has been promoted to director of logistics transactions EMEA, having joined CBRE Investment Management in...

Lukesch joined Madison in 2008, was named managing director in 2019, and will continue to be based in Madison’s London office. Source: realassets.ipe.com on the 17th of March 2022 https://realassets.ipe.com/news/people-moves-oxford-properties-names-el-akl-esg-operations-senior-director/10058632.article