Industry News

Union Investment has extended the lease agreement with LabKom Biochemische Dienstleistungen GmbH at Universitätsstrasse 140 in Bochum for a further six years ahead of schedule. The company has thus secured the 4,769 sqm of office space until mid-2034. LabKom has been a tenant at Universitätsstrasse 140 since 1992. The office building is located directly on the campus of Bochum's Ruhr University, the largest institution for research and teaching in the Ruhr region, and is currently fully let. It has been...

Amro Partners has hired Leo Hertog as Managing Director, Chief Investment Officer within its dedicated student housing arm Amro Student Living, to accelerate the firm’s growth within the European student housing sector and support its planned expansion into the UK student housing market in 2025. Leo will also take on the interim role of Acting Co-Head for Northern Europe alongside Pablo Garcia-Morales Osorio, replacing Rainer Nonnengässer who will depart the firm at the end of this year to take up...

Staybrook Capital, the newly launched operating platform for real estate investment across the UK and Europe, has expanded its team with the appointments of its first non-founder employees, Ashley Hancox and Henry Fisher. Ashley Hancox joins Staybrook as Head of Office Occupier Strategy, bringing over 30 years of relevant advisory and asset management experience. In his new role, he will use his deep experience and relationships in the UK office sector to identify and underwrite opportunities for Staybrook’s growing pipeline...

IPUT Real Estate (‘IPUT’), Ireland’s leading commercial property investment company and the largest owner of offices and logistics assets in Dublin, announces the appointment of Ian Gleeson to its Board as a non-executive Director. Ian brings significant expertise in the Irish and international real estate markets, having worked in a diverse range of roles covering Europe, the US, and Asia Pacific. Source: IPUT.com 29 Oct 2024

Delancey Real Estate (Delancey), a leading UK-focussed investment, asset, and development manager, has announced the successful sale of Trafalgar Trading Estate in Enfield, London for £27.45 million, reflecting a net initial yield of 3.73%. The sale is the latest divestment to have been completed on behalf of Delancey’s client, a domestic pension fund. Trafalgar Trading Estate comprises 11 units totalling over 79,000 sq ft of industrial space. Located in the Brimsdown Business Area of Enfield, the site benefits from close...

15th October 2024: Leading pan-European real estate private equity manager ActivumSG has on behalf of ActivumSG Fund VII, announced the sale of a prime powered land site in Madrid, Spain, to EDGNEX, the data centre arm of DAMAC Group. The total investment by DAMAC Group to deliver a data centre on the site will exceed €400 million. Located 15km from Madrid's city centre, the asset is in the fastest-growing data centre market outside the ‘FLAPD’ (Frankfurt, London, Amsterdam, Paris and...

Niam has acquired 203 rental apartments in the fast-growing district of Barkarbystaden, located in Järfälla municipality, north of Stockholm. The property, completed in 2024, offers a lettable area of 13,200 sqm and is strategically located adjacent to the upcoming Barkarby metro station, set to open in 2026. The area combines an urban atmosphere with proximity to green spaces, creating a highly desirable living environment. The acquisition will be finalised in December 2024. Source: press release sent 23 Oct 2024

Niam is pleased to announce the acquisition of a prime logistics asst in the strategically positioned and expanding Klinga Logistics Park, just south of Norrköping city centre. The newly developed asset encompasses 30,412 sqm of modern logistics space, constructed in 2023, and showcases high sustainability standards with a BREEAM Excellent certification. Source: press release sent 30 Oct 2024

AXA IM Alts, a global leader in alternative investments with €183 billion of assets under management[1], announces that it has started construction of the redevelopment of Coolsingel 93, a landmark office building located in the heart of Rotterdam. Having acquired the building in 2023 on behalf of clients, AXA IM Alts is working closely with Provast, acting as delivery manager. The redevelopment is in line with AXA IM Alts’ ongoing strategy of redeveloping well located office buildings into prime assets...