Industry News

CapitaLand Investment (CLI) has successfully issued its inaugural sustainability-linked panda bond, raising RMB1 billion (approximately S$187.1 million1) from investors.  This is the first sustainability-linked panda bond issued by a Singapore company.  CLI’s panda bond, with a three-year tenor and a fixed coupon rate of 3.5% per annum, has garnered strong demand from institutional investors with a subscription rate of 1.65 times.  CLI’s panda bond has enabled the company to access lower-cost RMB capital and further expand its domestic funding channels and...

Hearthstone Investments , an investment manager focused on affordable private rented housing in the UK, has completed the deployment of its £152m Hearthstone Residential Fund 2 (“HRF2”) with a duo of transactions. Over the last month, a transaction for 45 new houses in Exmouth exchanged with a regional developer, in addition to an acquisition in Newcastle with a national housebuilder. Source: press release sent 12 March 2024

Redevco , one of Europe’s largest private real estate companies with about €9.0 bn in AUM, has created a pan-European residential asset management platform named Redevco Living, by combining the housing projects of Dutch residential real estate specialist LIFE Europe it acquired last year, with its own residential assets. Redevco Living is targeting a residential development pipeline of 10,000-plus units, in partnership with like-minded investors, over the next five to 10 years  to support its mission to make cities more...

Redevco and Swiss Finance & Property Group (SFP Group) have formed an Iberian hotel Joint Venture. Following a first close, a fund managed by SFP has indirectly taken a majority stake in ‘Next Gen Stays,’ currently comprising a seed portfolio of six assets in Portugal and Spain in the Lisbon, Porto, Bilbao, Malaga and Seville. The strategy is targeting a net levered IRR of 15%+ over a five-year period and aims to build up a portfolio of around €300 million...

Zurich-based investment and asset manager, StoneVest AG, and an entity managed by Madison International Realty , a leading liquidity provider to real estate investors worldwide, have launched a joint venture for the acquisition of light industrial and logistics properties. Over the next three years, the joint venture partners expect to acquire assets with a total value of up to EUR 150 million. The joint venture will target new and existing properties valued between EUR 10 million and EUR 50 million...

With the launch of the new special fund "Catella European Logistics Fund Plus" (CELF+), Catella Real Estate AG (CREAG) is launching the second special fund for professional and semi-professional investors in the field of logistics real estate. The pan-European "Catella European Logistics Fund Plus" invests in modern and ESG-compliant logistics, warehousing, distribution and transshipment properties in established logistics regions and attractive logistics locations in Europe. All locations currently and in the future have solid fundamentals and growth potential in combination...

Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, today announced it has fully let 32 Rue Blanche, a 238,000 sq ft Class-A office building in Central Paris. This successful leasing programme follows the completion of a comprehensive renovation scheme, significantly upgrading the asset’s sustainability performance, amenities and technology capabilities, transforming 32 Rue Blanche into one of Paris’ most sustainable and connected workplaces. Since acquiring the asset in 2014, as its entry into the French market...

Union Investment has sold an office building in Vienna's 7th district to Thalhof Immobilien GmbH. The company specialises in the acquisition and development of residential and office properties in Vienna's prime locations. The property at Schottenfeldgasse 29 has been part of the portfolio of immofonds 1, an open-ended real estate fund distributed exclusively in Austria, since 2013. The parties have agreed not to disclose the purchase price. Source: press release sent on the 7th of March, 2024

Paris – Hines , the global real estate investor, developer and property manager, today announces the commencement of two large-scale student living projects in Paris, France. The first is Liberté 1, a 26,500 square metres office building in Charenton-Le-Pont acquired from Covivio by the Hines European Real Estate Partners III (HEREP III) fund, which Hines plans to transform into a multi-use residential complex including 650 student beds. The second sees Hines reveal plans for another 650-bed investment, this time on...