Industry News

Stoneweg , the real estate investment company, and Bain Capital, the global private equity firm, through their hotel real estate joint venture, have sold the Casa Lit Barcelona hotel to Grupo Hoteles Gargallo. Situated in the heart of Barcelona just 400 metres from Las Ramblas, the 4 star hotel was constructed in 2010 on the site of the former Colón theatres. It comprises 89 rooms, blending historic charm with contemporary design. Since taking over the management in 2022, Stoneweg Hospitality...

Scaler , a platform for decarbonising real estate with machine learning, ESG data collection and reporting, has raised $10 million USD led by Plural in Series A funding. The funding, which included participation from previous investor Base10, will be used to further develop the product, grow the engineering team and expand to new markets beyond Europe, to set a new standard in ESG decision-making. Real estate is the world’s largest polluting industry, contributing nearly 40% of global emissions, of which...

IPIM in partnership with Heed and Amro Partners secured development financing for their 221-bed PBSA development in Valencia with a €19.15 million, 3-year development facility funded by FERED. This is the second loan facility extended between Fiera and an Amro-managed PBSA deal, following the completion of another prior development loan for Amro’s Alicante PBSA project in March 2024. Amro Valencia Puerto is Amro’s second PBSA scheme in Valencia and tenth in Iberia, after making its first investment in 2012. The...

Clarion Partners Europe, the real estate investment fund manager specialising in European logistics and industrial assets, announced it has completed a €54 million senior debt facility with ING Bank, secured against three Dutch warehouses, two of which were acquired in 2024. The transaction is the sixth financing between the two parties since August 2023, totalling €347 million. Secured against 27 properties totalling 800,000 square metres across the key European logistics markets of the Netherlands, Germany, France and the UK, all...

Last week marked the completion of Nautical NDSM, a new urban block located on the iconic NDSM Wharf on the northern banks of the River IJ in Amsterdam. The project, developed by G&S& (an award-winning area developer and part of VolkerWessels), consists of 268 apartments, an office building, commercial facilities, a courtyard garden and a parking garage. Real estate investor Altera Vastgoed NV (Altera) has acquired and will rent out 157 mid-rent apartments, 24 private sector rental apartments, 951 square...

Aviva Investors, the global asset management business of Aviva plc, announces it has agreed to forward fund the creation of 101 single-family homes in Cambridge, continuing its development partnership with Packaged Living, the UK’s leading sustainable living specialist. The homes, which will be delivered by Barratt Homes, the country’s largest housebuilder, will form part of the Franklin Gardens community within the wider Darwin Green masterplan. Situated on the northwestern edge of Cambridge, Darwin Green is expected to deliver more than...

Garbe Industrial Real Estate Netherlands, in collaboration with Hercuton, has completed and delivered a 17,130 square meters build-to suit logistics facility near Rotterdam. The asset was delivered to AFL Barendrecht, the specialist fruit and vegetables logistics company, in the Dutch Fresh Port industrial area of Ridderkerk. The project was completed ahead of the Q3 2024 target. The facility consists of a cold storage warehouse and a new head office for AFL Barendrecht. It has a gross floor area of 17,130...

The former head of European portfolio management and UK CEO of global investment manager DWS, Jessica Hardman, has co-founded a new real estate investment management business with developer Downing. Hardman has over 20 years’ experience in global real estate investment management and was recently appointed a president of the British Property Federation (BPF). The new company, named Aboria Capital, headquartered in London, intends to leverage Downing’s 35-year development and operational track record, which has seen it deliver more than £3...

Schroders Capital has purchased Brackmills Central Industrial Estate in Northampton, UK, for £35 million (€41 million) in an offmarket deal on behalf of Greater Manchester Pension Fund (GMPF). The 25,270 square metres property consists of 31 units ranging from 279 to 1,858 square metres in size, on a 7.7-hectare site. It has the potential for lease renewals in the next three years, while approximately 40% of the income is contracted outside the Landlord and Tenant Act (1954). Schroders Capital also...