Industry News

Canadian asset management giant Brookfield has agreed to sell a portfolio of six Tritax EuroBox assets to UK REIT Segro, pending its takeover of the European logistics specialist. Under the deal, Segro will acquire the assets, located in the logistics hubs of Breda and Roosendaal in the Netherlands as well as in the Frankfurt corridor and the Rhine-Ruhr region in Germany, for €470 million in cash. The six warehouse properties – four in Germany (Bönen, Dormagen, Gelsenkirchen and Lich) and...

Niam continues its push into the Danish residential segment and aim to deploy upwards of € 600 million over the next coming years. After the successful establishment of Kronhusene, a residential development joint venture, Niam is now prepared to further expand the build-to-rent (BtR) platform, leveraging a series of well-executed projects. As of Q3, 2024, Kronhusene has already completed approximately 200 residential units, with 800 units under construction at various locations across Denmark. The aim is to build over 2,500...

Aquila Capital ’s Southern European Logistics Fund (ACSEL) has successfully acquired a state-of-the-art logistics platform in Gandra, located in the Greater Porto region of Northern Portugal. The 16,570 square metres facility, fully leased on a 20-year term, marks ACSEL’s continued commitment to expanding its portfolio of sustainable logistics assets across Southern Europe. The newly completed facility, developed by Green Logistics, Aquila Group’s logistics business, is strategically situated near major transport hubs, including Porto (25 kilometers), Porto Airport (26 kilometers), and...

Global asset manager AEW has acquired an office repositioning opportunity at 95 New Cavendish Street in London's Fitzrovia district. The transaction has been concluded on behalf of its recently announced discretionary separate account mandate for a German pension fund, which has a focus on establishing a value-add real estate portfolio in major European markets. The asset currently comprises 1,921 square metres of office space arranged over lower ground, ground and four upper floors. The building, which was last refurbished in...

GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading providers and managers of logistics, light industrial and technology real estate in Germany and Europe, just set up a new company in Romania. Under the leadership of CEE Managing Director Martin Polák and Country Head Andrei Jerca, GARBE Industrial Real Estate Romania will expand its activities in this market and implement its own property developments. Source: garbe-industrial.de/en on the 11th of November, 2024 https://www.garbe-industrial.de/en/garbe-industrial-real-estate-expands-in-romania/

Leading global diversified professional services company Colliers announced the appointment of Jeroen Lokerse as CEO of the Netherlands. Lokerse will be responsible for accelerating the strategic direction and sustained growth of the Dutch business while enhancing the opportunities available to our people within the Netherlands. Lokerse joins Colliers from a 17-year tenure at Cushman & Wakefield, most recently holding a global product innovation role and previously serving as the Head of the Netherlands for more than a decade. As Lokerse...

Norwegian sovereign wealth fund Norges Bank Investment Management has acquired an additional 10% interest in The Pollen Estate, located in London’s West End. The agreement was signed and completed on 8 November 2024. Norges Bank Investment Management paid £81 million (€98 million) for its additional 10% ownership interest, valuing the estate at £794 million including existing debt. The seller of the interest is Greenwich Hospital. Norges Bank Investment Management already owned 58% in The Pollen Estate, which it purchased in...

CBRE has strengthened its Industrial and Logistics (I&L) team in Scotland with the appointment of Bryce Stewart as senior director at its Edinburgh office. Stewart brings over three decades of experience in the Scottish market, previously holding senior roles at Colliers International and Montagu Evans. His expertise spans the entire I&L sector, including development, sales, and leasing. Stewart has advised on numerous high-profile, complex development sites and large-scale industrial properties throughout his career. A notable achievement was his role in...

UK-focused social infrastructure real estate investment manager Newcore Capital has invested £50 million (€60 million) to acquire 15 assets in the primary healthcare sector. Newcore said 12 of the assets were acquired in a £25 million portfolio deal from a major UK real estate investment trust, which IPE Real Assets understands to be Assura. The 15 assets are mainly located in Greater London and the Southeast and are let out on longterm leases to 31 different occupiers. Newcore said it...