Industry News

Real estate industry veteran Valeria Falcone has been named the new CEO of Colliers ' Italian operations, starting in February 2025. Falcone will oversee the company's growth, operational efficiency, and client relationships in Italy. Her primary focus will be on expanding Colliers' services across various real estate sectors and leveraging international collaborations to deliver exceptional value to clients. With a strong track record in real estate investment and management, Falcone brings a wealth of experience to Colliers. She joins from...

Union Investment plans to spend around €60 million on redeveloping the Meister Areal retail park in Nuremberg, Germany, into a urban logistics hub. The 100,000 square meter site on Virnsberger Strasse will host a new logistics facility spanning over 20,500 square meter and a local supply centre for residents and employees in the area. The project aims to be nearly self-sufficient in terms of energy supply, and has already secured a long-term lease with German supermarket chain Edeka Group. Source...

Invesco Real Estate has acquired a residential asset in Valdemoro from global private markets investor Partners Group and independent Spanish asset manager Medan. Financial details were not disclosed. The transaction represents the first divestment for Nuva, the joint venture created by Partners Group and Medan in 2021 to invest in the Spanish residential rental sector. Nuva will continue to scale its platform in the Spanish residential market and is actively looking at new acquisitions, focusing on build to rent developments...

Mitiska REIM , a specialist investor in European convenience real estate, has launched a new retail park in the Romanian city of Pitesti, one of four new development projects planned to open by Mitiska in the Romanian market over the next two years. Developed on behalf of the FRI 2 fund and in partnership with Square 7 Properties, this latest development is the first by Mitiska in Romania to include solar panels on the roof area, which will supply the...

UK-based student accommodation provider Unite Students is set to construct a prominent 952-bed property in East London. The development, located near Westfield Stratford City, has secured full planning permission and will be one of the largest in Unite Students' portfolio. The 41-story tower will feature roof terraces, extensive study and community spaces, including a gym. The project has secured support from University College London and includes plans to improve the local infrastructure with a new entrance and exit to Stratford...

Deka Immobilien has announced its first logistics investment in Ireland with the acquisition of a modern logistics centre in Ashbourne, Meath County/Dublin. The property, part of the Ashbourne Business Park, offers a total rental area of 33,379 square meters. The purchase price is estimated at approximately €70 million. The newly constructed logistics centre, completed earlier this year, is strategically located near the M2 and M50 motorways, providing easy access to Dublin's city centre, airport, and port. Given its prime location...

Valor Real Estate Partners and QuadReal Property Group have added two prime last-mile properties in London to their urban logistics joint venture. The two sites in Barking and Enfield have a total GDV of £60 million and (€71.6 million) were acquired off market, the companies said. The 79,435 square feet Enfield property totals 11 units across three buildings and is 92% occupied by a range of trade counter and last mile businesses, with an average lease term of two years...

Azora has acquired a new BTR development of 250 homes in Valdemoro, Madrid, from the French developer Emerige on behalf of its Nestar BTR platform. Financial details were kept confidential. The development comprises 150 two-bedroom and 100 three-bedroom homes, all of which are already on the market and fully equipped kitchens and bathrooms, air conditioning, and a terrace. In addition, the development has a modern garage and storage rooms available to tenants. The residential building also has communal areas including...

Greystar Real Estate Partners has announced the close of a circa £600 million (€716 million) debt facility for the Bermondsey Project, a development that will provide 1,624 new homes for rent in South London. The loan was secured from a consortium of four lenders: Standard Chartered Bank (SCB), First Abu Dhabi Bank (FAB), Oversea-Chinese Banking Corporation (OCBC), and Emirates NBD (ENBD). Construction began earlier this year, with the first homes expected to be ready for occupation in the Autumn of...