Industry News

PATRIZIA AG, a leading partner for global real assets, has acquired two logistics assets in western Germany for c. EUR139 million, on behalf of one of its dedicated Pan European logistic funds “PATRIZIA Logistik-Invest Europa III”. The assets, one of which is a major pre-let development project, will together provide c. 100,600 square metres of modern, sustainability-led space with a combined WALT of almost 10 years. The first asset is a logistics development in Hamm, North Rhine Westphalia, comprising 72,600...

CCP 5 L.L, a fund managed by Tristan Capital Partners, has acquired the iconic Ateliers du Parc office campus located in the city centre of Clichy, in Paris’ Northwest first ring, from Deka Immobilien Investment for c. EUR175 million. The property, located on its own street block, comprises four office buildings delivering 32,600 square metres of grade A workspace, situated opposite an attractive 6-acre park/square. The buildings, which sit on a 9,000 square metres land plot, feature notably Eiffel style...

DTZ Investors (DTZI) has completed the sale of a multi-let industrial and trade counter estate in Kingston upon Thames, southwest London, toMirastar/KKRJV for circa EUR45.5 million (GBP38 million). Fairfield Trade Park, which has a total floor area of 75,376 square feet, was sold by DTZI on behalf of the Plumbing Pension Fund to the JV managed by Mirastar, the leading pan-European developer, investor, and manager of logistics & industrial real estate assets. The property, which contains six units, is currently...

Commerz Real has sold the office ensemble “Siebenburgen” in Cologne from the portfolio of its open-ended real estate fund Hausinvest to AEW Invest, the latter acting on behalf of a pension fund. As part of the so-called “Millennium Portfolio” the property was acquired in 2019 from the former Generali Versicherung, and according to statements by Commerz Real it was no longer one of the strategic properties in the portfolio in the meantime. “With our active asset management we were able...

Franklin Templeton today announced the acquisition of five new assets for its diversified social infrastructure impact platform (the Platform). The Platform, managed by Franklin Real Assets Advisors (FRAA) has acquired 22 assets for a total value in excess of EUR560 million2 since its launch in July 2018. In addition to the previously announced social infrastructure assets, the Platform has acquired five new assets in the healthcare, education, housing and civic sectors in Spain, Germany, the UK and Denmark. The new...

NREP, the leading Nordic real estate investor, announces that its NREP Income+ (NIP) fund has completed the acquisition of a portfolio of elderly care homes from Fastighets AB Stenvalvet, a Swedish real estate developer and manager, for c. EUR200 million. The portfolio increases NREP’s care home platform, Altura’s, exposure to demographically-driven projects that make a tangible difference to society, whilst meeting a clear long-term need, and generate income-orientated value. This transaction also aligns with NREP’s sustainability strategy and expands the...

Tristan Capital Partners’ core-plus CCP 5 Fund and DW Real Estate have completed the sale of a multi-purpose, multi-let high-quality office building in the south-western German city of Heidelberg to Patrizia. The c. 26,000 square metres property, situated in the Bahnstadt submarket benefits from its prime location in the town’s most established business district and within what has been designated as an ‘Integrated Campus of Knowledge’ due to the close proximity of a number of established research and development companies...

Principal Real Estate, the real estate investment team for Principal Global Investors®, completed on 18 February the first close of its closed-end fund dedicated to acquiring data centre assets in Europe. The initial capital raise for the Principal European Data Centre Fund (the Fund) beat its target, reaching EUR155 million. Subscriptions were received from seven investors, including asset managers, pension funds, and insurance companies located in France, Germany, Spain, and Malaysia. The amount is one-third of the total equity hard...

Edmond de Rothschild Real Estate Investment Management has acquired the Triton Portfolio in the Netherlands which contains four logistics assets in Eindhoven, Tiel, Helmond and Waddinxveen on behalf of its Edmond de Rothschild Euro Industrial Real Estate Fund. The assets are very well located at the top logistic hotspots in the Netherlands. The portfolio consists of c. 79,000 square metres LFA leased to tenants such as Lekkerland Nederland, ModeXpress and Vonk & Co. The acquisition was carried out by Edmond...