Industry News

M7 Real Estate , the pan-European investor and asset manager, has appointed Hugh Fraser, one of the firm’s founders, as the new head of Spain. M7, which has a network of 10 offices across Europe, has strong ambitions to expand its activities in Spain, in order to take advantage of the current point in the market cycle and drive value for its investors and capital partners. Fraser will be responsible for driving that growth including building out M7’s team in...

Convenience retail real estate specialist, Mitiska REIM , has acquired the Trefbox Venlo retail convenience centre in the Netherlands from HighBrook investors. Financial details were not disclosed. Acquired in a joint venture partnership with Everglow Real Estate, Mitiska REIM plans to redevelop the centre into a modern and sustainable convenience retail hub for the city and wider catchment area. Located in the city of Venlo, close to the Dutch-German border, Trefbox Venlo is situated in an established commercial zone and...

A hotels investment venture between Partners Group -backed Trinity Investments and Oaktree Capital Management has added a luxury lifestyle hotel in the UK’s capital to its portfolio. Trinity, Oaktree real estate funds and Partners Group have invested an unspecified sum to acquire The Standard, London, a 266-room hotel located in King’s Cross owned by Hyatt Hotels Corporation. Last month, Hyatt announced the completed acquisition of Standard International, the parent company of The Standard and Bunkhouse Hotel brands. Source: realassets.ipe.com on...

Union Investment has officially taken ownership of The Pulse, a newly completed mixed-use complex located in Amsterdam's Zuidas (South Axis). The company acquired the project in 2021 for approximately €400 million and has now added it to its UniImmo: Deutschland open-ended real estate fund portfolio. The Pulse comprises 36,000 square meters of office space; 200 residential units (9,600 square meters); 1,600 square meters of retail and restaurant space; and a 2,700 square meters boutique cinema. The complex also prioritizes communal...

Slättö , through its logistics and industrial team Evolv, has acquired the first four properties as part of a light-industrial roll-up strategy within its newly established Slättö Value Add III fund. These transactions represent the second investment made by Slättö’s new fund in the Value-Add series. Since inception in 2015, Evolv has acquired 60 assets under its light-industrial aggregation strategy. Slättö Value Add III aims to build “a sizeable Nordic light-industrial portfolio” through an efficient acquisition process and tenant-focused asset...

Amro Partners has joined forces with Invesco Real Estate , the USD 90bn global real estate investment business of Invesco Ltd. (NYSE: IVZ), to pursue opportunities in the Iberian residential market, starting with the acquisition of two new projects in Spain. The first project will comprise 400 new student beds in northern Spain, a 15-minute walk from one of the biggest and most renowned universities in the country. In Madrid, the development will feature 166 beds in the Moncloa-Aravaca district...

Swedish real estate investor Revelop has acquired an urban industrial asset in the Stockholm area from the bankrupt estate of Oscar Properties for an undisclosed amount. Sicklaön 88:1 comprises 7,585 square metres of industrial and B2B retail spaces in a strategic location directly opposite the Sickla shopping district in rapidly growing Nacka Municipality. With a 55% economic vacancy, the asset offers significant value potential from leasing and repositioning as well as development. Source: propertyeu.info on the 14th of November, 2024...

Investment firm Ardian is acquiring a 9,500 square metres value-add office building in Germany’s capital. Ardian said it has agreed to buy the Berlin office building located near Lützowplatz without disclosing the purchase amount, but added that the acquisition is one of the largest value-add office deals in Berlin this year. The building, which was renovated in 2001, is currently 80% leased, and Ardian plans to invest a ”double digit million euro sum” to fully modernise and densify the property...

Fokus Nordic to acquire DEAS Asset Management to become one of the leading independent Real Estate Asset Managers in the Nordics. The acquisition of the real estate firm DEAS Asset Management will accelerate the growth of Fokus Nordic and immediately position the company to become one of the leading real estate asset and investment managers in the Nordics. Through this acquisition, Fokus Nordic has reached the scale to serve global real estate investors seeking Nordic exposure with core, core+, value-add...