Industry News

Europa Capital, the pan-European real estate investment manager, in partnership with White Star Real Estate, announces the launch of the Central European Logistics Platform (the “Platform”) on behalf of its latest value add fund, Europa Fund VI (the “Fund”), acquiring a prime 15.0 hectares site on which it will fund the development of park22, an urban logistics park in Budapest, Hungary. The Platform, which has a target GAV of EUR150 million, will target standing logistics and urban warehousing assets and...

The Grade A logistics portfolio comprises seven UK sites, totalling 3.25 million square feet across 22 assets, including two newly built developments, and five consented land sites that are on course for completion in 2022 and H1 2023. The acquisition represents Cain’s entry into the UK logistics market. As part of the transaction, Firethorn Trust will develop the remaining sites and act as leasing and asset manager across the portfolio on behalf of Cain International. Completion of the transaction is...

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) recently acquired a residential asset for its open-ended mutual fund BNP Paribas Diversipierre. The target property is a state-of-the-art residential complex located in Hamburg’s Bergedorf district in Germany. The asset was sold by the HT Group based in Hamburg. The transaction is intended to achieve two strategic goals targeted by the fund’s management for 2022: building a residential asset portfolio for the fund and strengthening regional diversification in the target region...

Barings, one of the world’s largest diversified real estate investment managers, has agreed the forward purchase of a 90,000 square metresGrade A logistics development in Mantua, Italy, in an off-market transaction on behalf of PELV, a pan-European logistics joint venture between a U.S. insurance company and a Middle Eastern sovereign wealth fund targeting core+/value-add assets. The parties agreed not to disclose the purchase price. Work has begun on the sizeable logistics facility in northern Italy, with construction set to progress...

Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, has secured five additional logistics assets with a total surface area of 53,000 square metress in core logistics locations within Madrid and Barcelona. The five transactions are a mixture of standing acquisitions and turnkey projects and represent the platform’s ambition to increase its presence in Spain. Last-mile acquisitions in strategic locations The three last-mile logistics assets are located in strategic hubs within the Barcelona and Madrid metropolitan areas and consist...

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has acquired a logistics campus in Venlo, the Netherlands, on behalf of Encore+, the firm’s flagship continental European open-ended fund. Located in the Tradeport logistics hub in Venlo, the Netherlands’ largest logistics market and a key gateway for the European consumer goods market, the campus is situated at the intersection between the major A67 and A73 highways and is easily accessible via the Hutchinson rail terminal as well as the...

Barings, one of the world’s largest diversified real estate investment managers, on behalf of Barings Real Estate European Value-Add Fund II (BREEVA II), has acquired an 82,413 square feet office asset in the City of London for GBP70.65 million from global real estate manager, DWS. The deal reflects an initial yield of 4.8 per cent and a capital value of GBP857 per square foot. 25 Moorgate comprises c. 75,000 square feet of office space, with c. 7,800 square feet of...

Allianz Real Estate, acting on behalf of several Allianz group companies, has signed an agreement to acquire eight prime logistics facilities in Italy in an off-market forward transaction from a private seller for EUR91 million. The portfolio, comprised of two traditional facilities and six courier warehouses located mainly in northern Italy, is 70 per cent pre-let to a prime Italian tenant. The acquisition is the sixth logistics sector transaction in Italy for Allianz Real Estate over the past 36 months...

Bridge Investment Group Holdings Inc. (NYSE:BRDG) (“Bridge”) today announced that Johannes Brennecke has been named Director of Bridge’s Client Solutions Group in Europe effective February 1. This appointment marks a significant milestone in Bridge’s expansion in Europe. Johannes will be responsible for developing and managing Bridge’s Western European client relationships. Johannes will report to Claudius Weissbarth, Head of EMEA Client Solutions Group. On this new hire, Dean Allara, Vice Chairman and Global Head of Client Solutions Group, said: “We are...