Industry News

The course is currently being set for the future of the former 100,000 sqm Meister Areal retail park on Virnsberger Strasse: A modern and almost energy self-sufficient city logistics hub with around 20,500 sqm logistics spaces and a new local supply centre for residents and employees is being built in a sought-after and very well-connected location in the western part of Nuremberg. The project was given the go-ahead with the signing of a long-term lease agreement with the EDEKA Group...

Sustainability have been central focuses throughout the development of Niam’s new office project, Grid 17 in Värtahamnen, from the architectural designs by Brunnberg & Forshed to the current construction phase. Now, it has been confirmed that Grid 17 has achieved the Outstanding rating in the “BREEAM-SE New Construction” certification, with an impressive score of 92.2%. This places Grid 17 as the top-ranked building among all those certified under BREEAM-SE. Source: press release sent 24 Oct 2024

The CapMan Nordic Real Estate III Fund acquired Stationsparken in Glostrup, Greater Copenhagen, in April 2022. The property, encompassing 25,884 square metres of office space, is home to The District Court in Glostrup, The Danish Prison and Probation Services and The Danish Veterinary and Food Administration. As part of developing the asset, and aligned with CapMan Real Estates sustainability strategy, the entire existing zinc roof will be replaced with a new integrated solar panel roof. While the asset already uses...

AXA IM Alts has completed a major refurbishment of the 557-room DoubleTree by Hilton Amsterdam Centraal Station hotel in central Amsterdam. The business has repositioned the asset to benefit from the strong resurgence in demand for new and recently refurbished hotel rooms in the city centre. Having acquired the asset on behalf of clients in 2019, AXA IM Alts’ refurbishment has seen upgrades to all 557 rooms including an improved room configuration, new wall panelling and additional soft furnishings and...

PGIM Real Estate has launched Omnidocks, a platform for ground-up logistics developments in Germany. Omnidocks is part of PGIM Real Estate’s closed-ended value-add fund European Value Partners (EVP) II and has already acquired two assets and secured a strong pipeline of upcoming deals. PGIM Real Estate is the US$206 billion investment firm of PGIM and is the third-largest real estate firm globally. Source: press release sent 31 Oct 2024

Helios RE has secured the support of Lar España’s largest shareholder and will upgrade its offer for Lar España to €8.30 per share. The upgraded offer implies a premium of 19% over the closing share price on the day before the announcement of the offer, a premium of 20% over the weighted average price (VWAP) of the month preceding the announcement, and a premium of 28% over the dividend-adjusted weighted average price (VWAP) in the six months preceding the announcement...

PenSam, a Danish pension company, and real estate investor and fund manager Cromwell Property Group (ASX:CMW) (Cromwell or Group) have launched a partnership to invest in light-industrial and logistics real estate in Denmark and Sweden. Cromwell will invest an initial €200 million for PenSam over three years. The strategy will target light-industrial and logistics properties of various size, age, income profile and quality, in established logistics locations in Denmark and Sweden. The strategy has a core plus risk/return profile and...

Indurent, a leading developer and operator of industrial and logistics space of all sizes across the UK and PLP, the specialist industrial and logistics developer, have submitted a detailed planning application to North West Leicestershire District Council for the development of a Grade A c.644,000 sq ft logistics facility. This prime East Midlands site spans 38 acres and is located immediately adjacent to Junction 24A of the M1 motorway providing direct access to 85% of the UK population within a...

PARIS, FRANCE – 22 OCTOBER 2024: Oxford Properties Group, a leading global real estate investor, developer and manager, today announced it has successfully refinanced 32 Rue Blanche, a Class-A office building in central Paris, having agreed a €182.5 million green loan with Aareal Bank, a leading international property specialist. The refinancing follows Oxford’s completion of a comprehensive renovation scheme at the 238,000 sq ft building, which significantly upgraded the office’s environmental performance, amenity offering and technology capabilities, transforming 32 Rue...