Industry News

Brookfield , through its real estate solutions strategy, participates in an inner-city residential development project in Cologne’s Marienburg district. The development is currently owned by real estate funds managed by Empira Group (Empira). The investment made by Brookfield will support the ongoing construction of the project, which is expected to complete by the end of 2027. In addition to the investment by Brookfield, the construction contract was secured for the whole project with MBN, a leading construction company. The project...

Nordic private equity real estate investor Slättö has invested SEK 3.1 billion (€270 million) on behalf of a new value-add fund to buy a 40% stake in a student housing portfolio in Sweden. Slättö said the portfolio, comprising 3,000 student housing units located across Sweden’s university cities, have been acquired via a joint venture with the Swedish real estate company Knaust & Andersson Fastigheter (K2A). K2A will manage the joint venture’s portfolio, which includes 75% newly constructed properties. Source: realassets.ipe.com...

Realterm has added a new truck parking facility to its extensive pan-European portfolio of industrial outdoor storage (IOS) properties totalling 16,850 square metres in Venlo, Netherlands. Located strategically in a major logistics corridor, this milestone signifies Realterm’s ongoing expansion of enhanced transportation and logistical capabilities in Europe. The modern truck parking facility is designed to meet the growing demands of the transportation industry, offering approximately 100 truck parking spaces. The project aligns with the broader infrastructure plans for Venlo, contributing...

Global alternative asset manager Tikehau Capital is investing €52 million in the development of a new business hub in Porto, Portugal’s second-biggest city. The group said on Monday that the investment in the 30,000 square metres project would be made through its real estate value-add strategy and underscores its commitment to ‘innovative and sustainable urban development’. Named Heart of Porto (HOP), the hub is a redevelopment of a complex which originally focused on retail. It is scheduled to open in...

Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a new-build, multifamily development in Amsterdam’s Ijburg sub-market in an off-market transaction on behalf of its European Living Fund. Completed in April 2023, the six-storey Juf Nienke asset consists of 61 residential units with a total NLA of 4,389 square metres, with 30 units leased in the mid-rental segment and 31 in the free rental segment. The ground floor of 817 square feet comprises of commercial space...

Niam has successfully acquired a portfolio of three healthcare and hospital properties in Finland, totalling 18,000 square metres. The portfolio comprises two properties located in central Helsinki (Bulevardi 22 and Saukonpaadenranta 2) and one in the heart of Pori (Itsenäisyydenkatu 33). The seller is the eQ Community Properties Fund. This acquisition represents Niam's first significant investment in Finland’s healthcare sector, a market that Niam views as having substantial growth potential. The primary tenants of these properties are prominent Finnish private...

Real estate investor Nrep has expanded its residential portfolio in Sweden’s capital with the acquisition of two apartment complexes from Magnolia Bostad. Nrep has invested an undisclosed amount on behalf of its perpetual open-ended core-plus vehicle Nrep Income Plus fund to buy the two sites in central Stockholm comprising 524 homes for rent. The assets are located in the Ångloket neighbourhood in Knivsta and the Brogårdsstaden district in Upplands-Bro. Source: realassets.ipe.com on the 5th of July, 2024 https://realassets.ipe.com/news/nrep-expands-residential-portfolio-in-swedens-capital/10074478.article

Effective from 1 July, a.s.r. real estate has acquired the Beijerinck Center and the Van Iterson House from dsm-firmenich on behalf of the ASR Dutch Science Park Fund. These multi-tenant buildings at the Biotech Campus Delft house biotechnology start-ups and scale-ups and offer shared facilities such as a restaurant, gym and meeting rooms. Planet B.io is building the ecosystem and community at Biotech Campus Delft on behalf of the ASR Dutch Science Park Fund, supporting the fund in developing the...

Invesco Real Estate is to develop a 261-bed purpose-built student accommodation (PBSA) asset in the northwest of England via a partnership with developer Alumno Group. Set to complete in the third quarter of 2026, the development site in Manchester has been acquired on behalf of Invesco Real Estate Europe Fund III (Europe III), the manager’s third European value-add strategy. The 50,000 square feet property will comprise 207 cluster beds, of which 52 will be affordable, and 54 studios. Source: realassets.ipe...