Industry News

Azora has acquired, with the intermediation of CBRE, an office building located at Calle Doctor Esquerdo 136 in the Retiro district, an area in Madrid’s city centre that has undergone a major transformation with new office and residential projects. The acquired property is a multi-tenant office building with a total gross lettable area (GLA) of 9,094 square metres, spread over 8 floors and an underground car park with 23 parking spaces. It is currently 85% occupied. Located just a few...

Hamburg, 17 June 2024 – Regina Arens (53) has just been appointed as Director Customer Relationship Management of IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”). In the newly created position at Germany’s leading third-party AIFM, she will report directly to the senior management, consisting of Camille Dufieux, Andreas Ertle and Michael Schneider. Her remit will include business development and the acquisition of new fund partners as well as the maintenance of customer relations with the current fund partners of INTREAL...

Urban logistics property developer and asset manager Chancerygate and real estate investor Mitiska REIM, the leading specialist investor in European convenience real estate, have announced a strategic joint venture (JV) to develop multi-let light industrial parks in Portugal. The JV has completed its first acquisition, which is a 6.67-acre (2.7-hectare) brownfield site located 20 minutes’ drive northwest of Lisbon within the municipality of Sintra. The site is situated close to the N9 and N250-1 access roads and the A37 and...

DWS today announced the appointment of Dr Ulrich von Creytz to the position of Chief Investment Officer Real Estate for Europe. Based in Frankfurt, Ulrich will report to Clemens Schaefer, Global Head of Real Estate, APAC & Europe. In his new role, Ulrich will leverage his extensive experience in client relations and his deep knowledge of European real estate built over a 20-year period to enhance the client and capital focus of the platform’s investment process. Underpinned by DWS’ thematic...

CapMan Real Estate makes key organisational enhancements including the introduction of a new leadership role to streamline Nordic asset management operations and support continued expansion. Over recent five years, CapMan Real Estate has experienced substantial growth, with gross asset value under management surging by over €1 billion, reaching approximately €4.4 billion. The pan-Nordic team has also seen significant growth, now comprising nearly 80 professionals. To ensure smooth and efficient operations that support future growth, the company has made key organisational...

Alma Property Partners and Byggvesta have sold the commercial properties Vilunda 6:80, Vilunda 6:81 and Vilunda 6:82 in the Optimus area in central Upplands Väsby to Väsbyhem. The transaction was made at a property value of SEK 340 million. As part of the deal, Alma and Byggvesta will also sell commercial building rights corresponding to approx. 4,800 sqm to Väsbyhem when the ongoing change in zoning for Optimus gains legal force. The Optimus area is in central Väsby between the...

Hamburg, 10 June 2024 – Effective as of 1 December 2024, at the latest, Malte Priester (48) will be appointed as Managing Director of IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”). For the time being, his appointment to this position remains subject to confirmation by the German Supervisory Authority for Financial Services (BaFin). The company’s senior management will thus be a team of four in future, including Camille Dufieux, Andreas Ertle, Malte Priester and Michael Schneider. A certified business economist...

Niam has successfully acquired a prime logistics asset in Torsvik, one of the most well-established logistics hubs in the Nordics. The property has been continuously extended and spans 112,000 sqm, featuring automated high-rack storage, direct railway access and environmental certification according to BREEAM In-Use Very Good. The asset is fully leased to Elgiganten Logistics, a longstanding tenant since the building's completion. Serving as Elgiganten's distribution centre, the facility supplies all of the chain's stores, hubs and online consumers in the...

Funds managed by Slättö have, through two separate transactions, agreed to acquire two residential portfolios in Finland, for a total transaction value of EUR 130 million. The acquisitions are made with Finnish institutional investors as co-investors. The residential portfolios comprise approximately 800 residential units in the Helsinki Metropolitan Area (“HMA”) and Tampere, with some 70 per cent of the value concentrated int the HMA. The assets have strong locations in their respective submarkets and are of high standards, with the...