Industry News

Henderson Park and Hines have sold the Grand Hyatt Athens hotel to funds managed by Blackstone Real Estate for €235 million. Henderson Park and Hines teamed up to acquire the hotel in 2017 when it was known as the Ledra Marriott. The duo then embarked on a significant upgrade and repositioning of the asset, capitalising on its heritage as being one of Athens’ top five hotels since its original construction in 1984. The acquisition marked both firms’ entry into the...

The real estate arm of asset manager Ofi Invest has acquired a core logistics property in Germany from Oxenwood Real Estate. Ofi Invest Real Estate has invested an unspecified sum to acquire Central One, a fully-let 12,000sqm asset located in Neuss, in the west of Düsseldorf’s city border. Source: realassets.ipe.com on the 25th of November https://realassets.ipe.com/news/ofi-invest-real-estate-acquires-dusseldorf-logistics-property/10126484.article`

The Dutch Essential Housing Venture, a joint venture between Netherlands’ largest pension fund ABP and Greystar , has added 560 newly constructed homes in The Hague to its portfolio. The partnership has agreed to acquire the homes, for middle-income renters, at Waldorp Four in the central innovation district (CID) from developer Sustay for an undisclosed amount. Earlier this year, the €533 billion pension fund ABP announced it was allocating €30 billion to impact investments, €5 billion of which will go...

DWS has acquired a €97.5m apartment scheme in Ireland from local developer Park Developments in a forward purchase deal. The asset manager said it has acquired the 207-unit Hayfield apartment project in Killiney, Dublin on behalf of two of its German institutional real estate funds. Source: realassets.ipe.com on the 25th of November https://realassets.ipe.com/news/dws-buys-irish-apartments-for-german-institutional-real-estate-funds/10126500.article

Bridge Industrial is continuing its expansion into mainland Europe with the appointment of Douglas van Oers as partner, head of the Netherlands and the opening of its second oce on the continent, in Amsterdam. Bridge recently announced the appointment of Jean Henault, partner, head of France and the opening of its first office on the continent in Paris. Van Oers will lead the global firm's operations across the Netherlands, working alongside head of Europe Charles Baigler. Van Oers has joined...

Garbe Industrial Real Estate is expanding its logistics investments in the Italian market with the acquisition of a 265,000 sqm plot of land in Tortona, in the province of Alessandria. The site has full construction permissions, paving the way for the development of a 102,000sqm logistics complex in a single block. This will be one of the largest logistics properties in Northern Italy along the key corridor between Genoa and Milan. The general contractor for the project is GSE Goldbeck...

European investment management company DeA Capital Real Estate is expanding its team in Germany and has now added experienced real estate specialist Florian Grassl as its director of Investment Management. Florian Grassl will be responsible for expanding DeA Capital Real Estate’s portfolio in Germany. His function supports Robert Schneider, the CEO Germany of DeA Capital Real Estate, who has led the German business since the beginning of the year. Florian Grassl has more than ten years of experience in acquisition...

Swiss Life Asset Managers has added a UK care home to its pan-European healthcare fund. The asset manager has acquired Neem Tree Care Home in London for £11.25 million (€13 million) in a 30- year leaseback deal with Neem Tree Care. Source: realassets.ipe.com on the 20th of November https://realassets.ipe.com/news/swiss-life-am-european-healthcare-fund-adds-uk-care-home/10126390.article

Partners Group has acquired a majority stake in Spanish hospitality platform Bluesea Hotels. The global private markets firm, acting on behalf of its clients, has invested an unspecified sum to acquire its interest in the platform that operates a portfolio of 25 hotels with around 5,100 rooms. The agreement involves partnering with mid-market private equity firm Portobello Capital and obtaining a seat on Bluesea’s board of directors Partners Group, alongside Portobello and Bluesea’s management team, will drive value creation across...