Industry News

Panattoni today announces the launch of a pan-European fund that will invest in modern, sustainable, income-producing logistics properties. The Panattoni Income Fund is aiming to raise €300 million of equity by 2026 and acquire €600 million of assets, developed and managed by Panattoni. Panattoni’s owners and management team will be co-investing. The fund will acquire stabilised assets and forward-purchase pre-let developments, all with the highest sustainability ratings, in countries where Panattoni operates, including Central and Eastern Europe, (particularly Poland), UK...

Areim acquires its second light industrial property in Oslo, Norway. The property is located on Østre Aker vei 60 in Hovinbyen just outside Oslo city centre with approximately 21,000 sqm of lettable area on a 27,000 sqm land plot. The Hovinbyen area is the largest redevelopment area in Oslo and is expected to add approximately 60,000 new residents and up to approximately 100,000 new workplaces in the coming years. The property is fully let to a mix of attractive tenants...

PGIM Real Estate has provided a senior loan of over €300 million to a leading European logistics platform to finance a portfolio across Germany on behalf of its European Core Debt investment strategy. PGIM Real Estate is the US$206 billion investment firm of PGIM and is the third-largest real estate firm globally. The portfolio consists of high-quality, geographically diversified arterial logistics assets totalling more than 510,000 square metres, with construction dates ranging from 2004 to 2022. The German logistics market...

The investment manager KINGSTONE Real Estate (“KINGSTONE RE”) launches a new open-ended institutional real estate fund that will invest in affordable housing in Germany. It will have a projected fund volume of 500 million euros, with equity capital to account for c. 250 million euros thereof. The fund’s net cash-on-cash return is expected to average between 4.0 and 4.5 percent annually. The plan is to invest in energy-efficient new-build housing construction. At least 60 percent of the investment volume is earmarked...

Global real estate advisor, CBRE , has appointed Mason Gillard-Ellis as a Senior Director in its UK & European Living team, specialising in Purpose Built Student Accommodation (PBSA) portfolio Capital Markets. He will work closely with Oli Buckland, Head of PBSA Investment in the UK and will report into Andrew Saunderson, Head of UK Residential Capital Markets. In his new role, Mason will be responsible for the origination and execution of pan-European portfolio sales and acquisitions in the PBSA sector...

M&G has appointed Edward Boots to its real estate finance team, as it expands its origination capabilities in response to the evolving client demand for European real estate credit. Responsible for sourcing and executing new lending opportunities across continental European real estate markets, he will work alongside the existing origination team and M&G Real Estate’s 50-strong platform of investment professionals in Amsterdam, Frankfurt, Madrid, Milan, Paris and Stockholm. He will be based in Amsterdam and report to Dan Riches, head...

M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has sold a c. 26,000 square metres office-led mixed use portfolio of 10 assets in Greater Paris, France, to Foncière Pierreval, a French property investment company. The portfolio comprises a total of over 26,000 square metres, spread across 10 assets, with occupancy of 76% and a blended WALT of more than five years. Since acquiring the assets in June 2021, M7 has undertaken a number of active...

Aviva Investors , the global asset management business of Aviva plc, announces it has acquired a purpose-built student accommodation (PBSA) property in Glasgow for £23 million, as it continues to grow its strategic asset allocation to UK living. Completed in January 2024 and fully-let for the 2024/2025 academic year, 31 Gilbert Street is a 99-bed, all-studio development which offers rooms varying from 17 square metres to 29 square metres in size, including a number of accessible rooms. The development also...

AEW acquired a c. 40,000 square metres fully let logistics asset in Ebergassing near Vienna, Austria, on behalf of a separate account mandate for a German investor. The asset has been acquired from developer, DLH Austria. The newly built Grade A warehouse comprises six units across two buildings and is fully let to a number of well-established international occupiers operating in the logistics services industry. All tenants are committed to long-term fixed lease agreements. The asset has been constructed to...