Industry News

Albert Bauchinger (41) will take up his new role in March 2022 and join the experienced Munich asset management team at BNP Paribas Real Estate Investment Management Germany (BNP Paribas REIM), overseeing accounts in the Munich and Frankfurt markets. In his new position, Albert Bauchinger will primarily focus on the sustainable, digital and proactive management of assets in those regions, particularly in light of ESG criteria (environmental, social, governance), and will act as a point of contact for tenants and...

Savills Investment Management (“Savills IM”), the international real estate investment manager, has hired Jan Willem Vis as Head of Client Capital, Netherlands. Based in Amsterdam, he will report to Giuseppe Oriani, Co-Head, Client Capital (EMEA). Working alongside Edgar Hertog and Marcel Fleminks, Co-Heads of Savills IM’s Netherlands operations, Jan Willem’s role will be to spearhead the next phase of the business’ growth and client relations in the region. With over 20 years’ experience in global listed real estate, Jan Willem...

Ardian, a world-leading private investment house, today announced the creation of a Real Estate Debt activity to manage funds and mandates related to finance pan-European real estate projects. Ardian Real Estate Debt will be managed by Arnaud Chaléac, as Head of Ardian Real Assets Debt. With more than twenty years’ experience in finance, and Co-Head of Group Finance at Ardian since 2008, he has developed a strong expertise in structured financing. Arnaud Chaléac joined Ardian fourteen years ago after working...

Ardian, a world-leading private investment house, today announces it has signed an agreement for the acquisition of the “Ritterhof” office and administration building, located at Ritterstrasse 11 in Berlin-Kreuzberg, from an undisclosed family office. This acquisition marks Ardian Real Estate's eighth investment in Germany. The parties have agreed not to disclose financial details of the transaction. Built during 1905 and 1906, the office complex is characterized by its historic industrial architecture, with reddish-black bricks and the white brick façade of...

Union Investment has acquired a retail park at Planetenring 25-27, 31-33 in Garbsen, Germany. The acquisition of the Planetencenter is being made on behalf of special real estate fund UII GermanM. International real estate investment manager Savills Investment Management is the vendor. The purchase price was not disclosed. The town of Garbsen is part of the economically thriving Hanover region. Garbsen and Hanover form a virtually seamless whole and are very well interconnected in terms of transport links. Hanover city...

PATRIZIA AG, a leading partner for global real assets, announces that it has disposed of Kranhaus 1, a prime office asset in Cologne, to Deka Immobilien Investment GmbH, on behalf of its institutional clients. The parties agreed not to disclose the purchase price. The c.17,200 square metresproperty comprises 14 rentable floors of high-quality office space as well as a ground-floor restaurant occupied by Ox & Klee, which holds two Michelin stars. Acquiring the property during its development in 2008, PATRIZIA...

CLS announces that is has unconditionally exchanged contracts to acquire a 23,982 square metres / 258,140 square feet office building in Dortmund for EUR66.25 million (EUR2,763 per square metres) excluding costs. The property is located in a prime office location in the CBD of Dortmund, next to the central shopping district. The Central Station is within 800 metres of the asset and the underground station Stadtgarten is only a few hundred metress away. Dortmund is a top 10 city in...

In January, Logicenters expanded its presence in Norway with the acquisition of land, something which is now continuing in the country. The logistics property company has signed a new agreement for the acquisition of the Løvåsmyra 2, 8 and 10 facilities in Heimdal, just outside Trondheim. This is the first investment Logicenters has made in Trondheim. The property is 18,000 square metres with Maske Gruppen leasing 15,000 square metres. Nordic Crane and Ramudden will continue to be tenants of the...

Hines, the global real estate firm, is set to launch Hines European Value Fund 3 (HEVF 3), expected to be its largest closed-end fund to date in its growing flagship series of value-add funds in Europe, targeting equity commitments of approximately EUR1.5 billion. HEVF 3 intends to build on Hines’ principles of value-add investing applied across the fund series so far – high conviction thematic investment into tactical opportunities for value creation, supported by fundamental trends and capital markets inefficiencies...