Industry News

London, 16th March 2022 – Aquila Capital announces the appointment of Jonathan Webb as Managing Director, Client Advisory International. He will be based in London, reporting to Lars Meisinger, Head of Client Advisory International. In this new role, Jonathan will be responsible for delivering the company’s innovative investment solutions to the UK and Ireland market. He will work closely with the teams throughout Aquila Capital, including asset structuring and portfolio management, to identify ways to help investors access our essential...

Heimstaden strengthens the management team by hiring Son André Hval as Group Director Commercial Letting. He will start in his new role during the spring. Heimstaden is a leading residential real estate company in Europe, with appr. 150,000 homes in ten countries. Heimstaden has today a portfolio of over 900,000 square meters commercial space, accounting for appr. seven percent of the total rental income in the company. "Although residential rental housing is our primary business area, we have a large...

Global real estate investment company Kennedy Wilson will expand its logistics platform by an additional US1.5 billion, with a focus on acquiring and managing urban logistics properties across the UK, Ireland, and Spain. Kennedy Wilson’s European logistics platform will continue to seek additional last-mile logistics investment opportunities, targeting total assets of up to US2.5 billion, up from an initial target of US1 billion. The Kennedy Wilson team has acquired more than 80 last-mile urban distribution centers totaling approximately US1.4 billion...

Greystar Real Estate Partners LLC (“Greystar”), a global leader in the investment, development and management of high-quality rental housing properties, has acquired a 234-unit residential development in Hamburg's up-and-coming Harburg district as part of its develop-to-core venture with a global institutional investor to build a diversified, high-quality rental apartment portfolio in Germany and Austria. The forward purchase transaction with developer BPD is the first major development project in Germany and Austria acquired by global residential investor Greystar and follows a...

UBS Asset Management (UBS-AM) Real Estate & Private Markets has bought a GBP59.8 million (EUR69.6 million) student accommodation asset in Nottingham on behalf of its UK core real estate strategy. UBS-AM REPM said the property was purchased from Tosca Mill 1, backed by Toscafund via its investment in Mabec Property. Oliver Abram, portfolio manager at UBS-AM, said: “This transaction supports a key focus area for our UK core real estate strategy which is to target income accretive assets within the...

Hamburg/Ludwigsfelde, 16 March, 2022 – Garbe Industrial Real Estate GmbH is intensifying its commitment in the Berlin/Brandenburg metropolitan region. The Hamburg-based project developer has secured a 24,000 square metres plot in Ludwigsfelde (Teltow-Fläming district, Brandenburg). A multi-user property with a total area of around 12,000 square metres is to be built on it. The investment volume amounts to 16.5 million euros. The property is part of the former state-owned company “VEB Industriewerke Ludwigsfelde”. Until 1990, mainly trucks were produced there...

Schroders Capital has acquired the leasehold grounds located at the business park 'GDC Noord' in Eindhoven. The asset comprises over 500,000 square metres, divided over eight plots. Long-term leaseholds have been issued to companies with strong financial covenants resulting in a long-term secured inflation-linked income stream. GDC Noord is an important multi-use logistics site along the A2 highway in Eindhoven in direct vicinity of Eindhoven Airport offering easy access to Dutch main ports and the surrounding borders of Germany and...

Global real assets manager Patrizia is seeking to raise GBP75 million (EUR87.3 million) for its open-ended UK property fund. The manager said it has launched the fundraise for the Patrizia Hanover Property Unit Trust to finance a “capex programme delivering significant ESG-related improvements across the portfolio”. Patrizia, which expects to raise the capital from new and existing investors, said the money will be allocated across several major projects at some of the fund’s flagship assets. Hanover Property Unit Trust was...

The Rome Core I Fund, managed by Castello SGR, and whose units are indirectly controlled by the European Real Estate business unit at Investcorp, has acquired a property in Via Paolo di Dono, 44, in Rome, from Prelios SGR. The purchase price was not disclosed. The property, which is currently leased to an international organization belonging to the United Nations and features eight storeys above ground and two basements, consists of an entire, free-standing building for mono-tenant offices, consisting of...