Industry News

Catella Residential Investment Management (CRIM) has acquired a second residential asset in France from Elithis Groupe. The property fund manager said it has invested around €29 million on behalf of an institutional mandate to buy the “energy-positive” Elithis residential tower and attached low-rise building development in the city of Clermont-Ferrand in the Auvergne-Rhône-Alpes region of central France. Source: realassets.ipe.com on the 15th of February https://realassets.ipe.com/news/catella-snaps-up-29m-energy-positive-residential-tower-in-french-city/10071618.article

BNP Paribas Real Estate, part of the BNP Paribas Group, has appointed Aman Panesar as director within its Central London investment team. Panesar joins after a decade at Cushman & Wakefield where he held roles within its London capital markets, valuation and advisory teams. He has previously advised on iconic London buildings such as the Walkie Talkie and The Shard, and on recent transactions including 12 Conduit Street (W1), 94 New Bond Street (W1), and 3-8 Whitehall Place (SW1). In...

JLL has appointed Nick Winter as head of project & development services (PDS) EMEA as part of a wider reshaping of the firm's global PDS business. The firm's PDS services arm includes managing the construction, development, design and branding of commercial real estate projects. The division works with businesses including corporations, educational institutions, public jurisdictions, healthcare organisations, industrial facilities, and retailers. Source: propertyeu.info on the 13th of February https://propertyeu.info/Nieuws/JLL-appoints-head-of-project--development-services-EMEA/085cf209-f165-446b-982a-160fa42ab1c7

Abrdn has invested £123 million (€144 million) in a UK student housing project on behalf of its strategic partner Phoenix Group and clients. The fund manager has backed the University of Sussex and Balfour Beatty Investments’ West Slope Residencies Finance project partnership, by investing £110 million on behalf of UK savings and retirement business Phoenix and £13 million on behalf of the Inflation-Linked Infrastructure Debt Fund, Abrdn’s evergreen UK-focused fund. The West Slope partnership will design, construct and maintain 1,900...

Barings has invested an unspecified amount on behalf of a private insurance client to acquire a 264-home project in Sweden’s capital from Innovation Properties. The four-building project in central Skogås, in the Stockholm suburb of Huddinge, will be built in stages throughout mid-to-late 2025. Innovation Properties remains a partner in the project. The Huddinge scheme is the second Swedish residential investment for Barings, following the manager’s 585-apartment build-to-rent (BTR) project in Spånga’s Bromsten, Stockholm. Source: realassets.ipe.com on the 21st of...

Professional services and investment management company Colliers has promoted Andrzej Gutowski to environmental, social and governance (ESG) chief officer in Central and Eastern Europe (CEE), including Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia. Gutowski was formerly ESG director of Colliers in Poland, advising on and coordinating the green and wellbeing certification processes of commercial properties in CEE countries. To date, Gutowski has consulted on the certification processes of over 100 properties, including new and existing buildings and commercial interiors...

Civitas Investment Management Limited (“Civitas”), the U.K.’s largest provider of community healthcare and specialist education facilities with £3.5 billion of assets under advisory, announces that following £73 million of acquisitions in December, it deployed £113 million of equity in the second half of 2023, acquiring or forward funding 22 UK specialist healthcare assets across 14 transactions. Representing a continuation of the first half of 2023, the activity furthered Civitas’ commitment to the high growth and specialist sector with strong social...

London, UK - Global investment firm Carlyle’s (NASDAQ: CG) Global Credit platform has provided Round Hill Capital, a leading global specialist real estate investor, developer and manager, with a £115 million development loan to fund the construction of Fairfax, a 488-unit luxury build-to-rent (“BTR”) scheme in Manchester, UK. It represents the first transaction between the two parties. The Fairfax development, which was acquired via a forward funding agreement by Round Hill Capital in August 2022, comprises two towers totaling 488...

London, February 7, 2024 – Nuveen Real Estate, one of the largest investment managers in the world with $149 billion of assets under management, has agreed to provide a €35m senior secured loan to Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, to finance the acquisition and construction of One Helix, a state-of-the-art life science asset in Amsterdam. The asset is 100% pre-let to Neogene, a global, clinical-stage biotechnology company pioneering the discovery, development and manufacturing of...