Industry News

London, 31 January 2024 - Madison International Realty (“Madison”), a leading real estate private equity firm, has hired Jenna Barry as Portfolio and Asset Manager. Based in London with a focus on Madison’s European and UK Property Portfolio, Jenna will report into the firm’s Head of Portfolio and Asset Management, Kim Adamek, who is based in New York. Jenna brings 13 years of asset management experience to Madison, having most recently spent four years as an Associate Director at Arax...

Hamburg, 02 February 2024 – Effective as of 1 January 2024, Cordelia Grabosch (40) has assumed the role of Department Head Risk Management at IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH. She succeeded Annika Dylong to the job, who was appointed Managing Director of REAX Advisory GmbH. After her professional training as banker, Cordelia Grabosch obtained a degree in business administration and went on to enrol in a work-study program at EBS University, completing it with a degree in real estate...

Bouwinvest has appointed Annemarie Maarse as Head of Asset Management, effective 1 June 2024. In this new role, Maarse will be responsible for the overall asset management of Bouwinvest's Dutch real estate investment portfolios. Annemarie Maarse is a seasoned real estate professional with extensive asset management experience at Achmea Real Estate and Altera Vastgoed. Bouwinvest tightened its strategy in 2023 and this led to changes in the structure of the organisation. For one, asset management will now be organised differently...

Dutch pension investment manager APG will focus its infrastructure strategy on its commitment to the energy transition in 2024. APG’s new strategy is based on five themes: decarbonized mobility and transport; clean and connected renewable power; equality and quality of life; a circular economy and digital infrastructure with enhanced connectivity. APG manages the assets of the largest pension fund in the Netherlands, ABP, which has three million participants and $545 billion (€502 billion) in assets. APG is a direct subsidiary...

Abrdn’s open-ended European fund raised a further €100 million during the final quarter of 2023, after receiving capital commitments from new and existing European institutional investors. The manager said the Abrdn Pan European Residential Fund (aPER), which secured the capital through three separate commitments, now has €1.7 billion in gross asset value (GAV), with a plan to more than double the size of the fund to €4 billion GAV in the medium term. The aPER fund’s portfolio currently includes 49...

Invesco Real Estate said it has launched a direct global real estate fund exclusively for UK defined contribution (DC) pension schemes. More than two years ago, Invesco said it was opening its Global Real Estate Fund to UK DC pension schemes, but the newly launched Invesco Global Direct Property Fund (GDPF) is the first to target DC investors in the UK specifically, with liquidity terms designed for DC schemes, platforms and master trusts. Source: realassets.ipe.com on the 24th of January...

La Française Real Estate Managers (REM) has acquired a coliving residence for seniors in France for an unspecified amount. The 19th century private hotel, the former home of the painter Dunoyer de Segonzac, was acquired for a collective real estate investment vehicle. It is located at 9 Avenue Sainte Marie in Chaville and operated by Chez Jeannette under a 12-year lease. The asset offers a surface area of 310 square metres spread over four levels and will be transformed into...

Octopus Energy’s renewables arm has marked its entry into Germany’s solar farm market with the acquisition of two assets. Octopus Energy Generation, investing on behalf of its Sky Fund, has invested undisclosed sums to acquire the 122MW Schiebsdorf solar farm in Brandenburg and the 20.8MW Hartungshof solar farm in the vicinity of Saarbrücken in Saarland. The Schiebsdorf solar farm was acquired from Ib vogt, and the Hartungshof solar farm was acquired from Greencells Group Holdings. The Schiebsdorf solar farm, the...

KKR, investing on behalf of its European real estate core-plus strategy, has acquired two multifamily blocks in the UK from Quintain. The global investment firm has invested an undisclosed amount to buy Alameda and Beton, comprising 490 build-to-rent units together with around 40,000 square feet of retail and leisure space in Wembley Park. Source: realassets.ipe.com on the 22nd of January https://realassets.ipe.com/news/kkr-buys-two-uk-multi-family-blocks-from-quintain-in-core-plus-strategy/10071123.article