Industry News

Hines, the international real estate firm, has reached a binding agreement for an off-market investment to acquire 20 logistics assets located between Emilia Romagna and Lombardy through the Italian fund HEVF II Italy managed by Prelios SGR on behalf of the Hines European Value Fund 2 (HEVF 2). The transaction involves the acquisition of the real estate portfolio from four different selling companies and the simultaneous 15-year lease of the same portfolio to Snatt Logistica Group, a leader in the...

Real estate investor Altera Vastgoed (hereinafter “Altera”) achieved strong returns on its residential and retail portfolio in 2021. Altera also widened its shareholder base by attracting new capital from investors in the Netherlands, Germany and Italy. New and existing shareholders committed a total of over €279 million of capital, over €72 million of which was deployed in 2021. The retail portfolio generated a total fund return of 5.1% and the convenience real estate share grew to 84%. The Brouwhorst neighbourhood...

PGIM Real Estate, the property investment arm of PGIM, has further strengthened its commitment to environmental, social and governance (ESG) investing, with the addition of Julie Townsend as ESG lead for Europe and Asia Pacific, based in London and effective immediately. Joining PGIM Real Estate’s global ESG team, Townsend will oversee the ESG strategy and implementation across the European and Asia Pacific regions. She will report to Christina Hill, global head of ESG and head of Americas Asset Management. Since...

Investment manager Barings has grown its Real Estate Debt team in Europe with the appointment of Kasimir zu Eltz as a director. Based in Frankfurt, Zu Eltz will be responsible for helping to grow the debt business in Europe, originating new business and loans with borrowers across the continent and the sourcing and closing of senior, whole loan and construction lending opportunities. He brings more than 15 years of experience in the sector, most recently at PGIM Real Estate where...

US privately-held developer-investor Hines has announced the appointment of Lorenzo Peñalver as investment director in Spain. Peñalver has 16 years of experience in operations and financial management in the real estate sector. He joins Hines from Aberdeen Asset Management, where he was senior transaction manager in Spain and Portugal, and Asset Manager for part of its real estate portfolio spanning logistics, office and hotel assets in Spain, and retail properties in Portugal. He also has a wealth of broader real...

Dutch real estate investor Altera Vastgoed has announced the hire of Jeroen Post as asset management retail. Post, aged 31, has taken up his duties with effect from 1 January 2022. He joins Altera from Wereldhave, where he worked for several years as leasing manager. Prior to that he worked at BNP Paribas Real Estate and Peters & Van der Vloodt. Post has over six years’ experience in areas including value optimisation, the letting process and the operation of various...

Areim continues its growth in the Nordics and is now opening an office in Copenhagen. Peter Frische has been recruited to the new role as Head of Denmark. Peter joined Areim on 3 January and will be responsible of Areim’s Danish business platform. Peter comes with 25+ years in the Danish Real Estate Market, most recently as an Associated Partner at EY. He has previous experience with companies such as Industriens Pension, Norrporten, and Sadolin & Albæk A/S. Peter will...

Real estate lender and investor Octopus Real Estate has agreed upon a funding partnership with affiliates of Bayview Asset Management to provide two-to-five-year senior investment debt to the UK commercial real estate market. The funding partnership has an initial commitment of GBP450 mln (EUR540 million). Having identified an undersupply of loans in the smaller commercial investment debt market, the funding will target loan opportunities up to GBP25 million, Octopus said. Nick Westoby, commercial fund manager, Octopus Real Estate, said: 'Today’s...

CBRE Investment Management has acquired the Nexus portfolio, a 211,803 m2 logistics portfolio located in Poland, from European Logistics Investment, a vehicle jointly managed by Griffin Real Estate, Redefine and Madison International Realty. Financial details were not disclosed. The deal was struck on behalf of one of its separate account clients, and comprises a total of eight buildings across six Grade A warehouse complexes. This includes Panattoni Park Warsaw Airport I, Panattoni Park Sosnowiec II, Panattoni Park Bydgoszcz II, Lódz...