Industry News

Civitas Investment Management has marked its entry into Germany with the acquisition of €300 million worth of elderly care and assisted living homes from Deutsche Wohnen. The specialist community-based care real estate investor, investing on behalf of the Civitas European Social Infrastructure Fund, has acquired the operating company Katharinenhof’s 26 properties, located mainly in Berlin and Hamburg. Civitas said it is also entering into lease agreements for the 3,000-plus bed portfolio with care operator Alloheim, which will acquire Katharinenhof and...

Global investment firm Eurazeo has announced the sale of a 22-hotel portfolio in France by its 70%-owned subsidiary, Grape Hospitality. The portfolio, primarily consisting of economy hotels, was acquired by a consortium of a hotel operator and a real estate investor. This strategic move aligns with Grape Hospitality's plan to focus on higher-end upper midscale and upscale hotel segments across Europe. Grape Hospitality, a leading hotel owner, operator, and investor, now owns and operates 63 hotels and manages 22 with...

Nordic real estate investor Nrep has acquired Clarion Hotel Stockholm, one of the largest hotels in Sweden's capital city, from Aspelin-Ramm Fastigheter. The deal, completed through the €3.65 billion value-add fund, Nrep NSF V, gives Nrep access to more than 1,000 hotel rooms in central Stockholm. The acquisition strengthens Nrep's partnership with the hotel chain Strawberry, the Nordic region's second-largest hotel operator, which has a long-term lease on the entire property. Clarion Hotel Stockholm boasts 532 rooms spread across 23,700...

Hines , the global real estate investor, developer and manager has today announced the appointment of Jan Hein Tiedema as senior managing director and country head for The Netherlands. Tiedema is an experienced real estate executive with a deep knowledge of the Dutch market. Beginning his career at Jones Lang Lasalle where he worked at the agency team in Amsterdam, he then spent 15 years with real estate developer Edge. Lars Huber, CEO of Hines Europe said: 'I am delighted...

M7 Real Estate (M7), the pan-European investor and asset manager, and Centerbridge Partners (Centerbridge), the global alternative investment manager, have launched a €250 million joint venture targeting the Industrial Outdoor Storage (IOS) sector in Continental Europe. IOS assets provide occupiers from a range of industries, such as logistics, manufacturing, and construction, with space for the storage of goods, vehicles, building materials, containers and/or equipment. The JV will target IOS assets in urban areas with high industrial and logistics activity, strong...

Peter Flanagan, 48, who specialises in Real Estate Investment, providing sale, acquisition and asset management advice across all Property sectors has been appointed Managing Director of the Irish entity of BNP Paribas Real Estate . Already Head of the Capital Markets division, Peter will expand his scope to encompass the management of the Irish entity. Prior to his appointment at BNP Paribas Real Estate, Peter held the position of Director in the Knight Frank Capital Markets team. Previous to that...

Schroders Capital , the private market investor, has promoted Nick Montgomery to the role of global head of real estate, subject to regulatory approval. The appointment has been made alongside the formation of a new leadership team to further strengthen its real estate capabilities and client proposition. Montgomery, who is currently head of UK real estate, will take over from Sophie Van Oosterom following an orderly transition. Van Oosterom is leaving Schroders to head up global real estate investments at...

Swedish housing firm Willhem has acquired a SEK618 million (€54.7 million) residential property in Stockholm from a fund managed by Slättö . Nordic private equity real estate investor Slättö said the asset sold comprises 232 newly built apartments in Vega, Haninge. Source: realassets.ipe.com on the 30th of September, 2024 https://realassets.ipe.com/news/sl%C3%A4tt%C3%B6-fund-sells-sek618m-residential-property-to-willhem/10075927.article

Norges Bank Investment Management has agreed to acquire a 65 percent interest in the office component of the property Les Ateliers Gaité, located in central Paris, through its partnership with Swiss Life Group. The agreement was signed on 30 September, with completion expected in the fourth quarter of 2024. Norges Bank Investment Management will pay 112.1 million euros for its 65 percent ownership interest, valuing the property at a gross price of 172.5 million euros. The asset will be unencumbered...