Industry News

Alternative investment fund manager ECE Real Estate Partners has raised approximately €100 million in additional capital for its ECE Progressive Income Growth Fund (EPIG Fund). The EPIG Fund invests in high-quality shopping centres across Europe and currently holds a portfolio of seven centres valued at over €2.2 billion. This latest capital raise follows previous fundraisings of €150 million in 2022 and 2023 and the joint acquisition of the PEP shopping centre in Munich with the Generali insurance group in March...

The KGAL ESPF 6 Energy Transition Fund is investing in a green hydrogen project at Lubmin, a Baltic Sea port in Mecklenburg-Western Pomerania, with a total capacity of up to 1,050 megawatts. This project is part of Germany’s largest planned centre for the production and import of green hydrogen, with Europe-wide significance. KGAL has partnered with project initiator PtX Development GmbH and project planner GP JOULE, the German green energy specialist. The Lubmin project is being built on the site...

Laetitia Archambault will join the company on 23 September as head of asset management France. Laetitia will be based in Paris and will report to Raphaël Brault, CIO Europe & head of France. Archambault will be responsible for leading the asset management team, which is in charge of developing and managing real estate strategies including management, development, renovation, marketing, valuation and sale of assets for all AEW’s clients in France. Source: IPE Real Assets 19 Sep 2024

Edmond de Rothschild Real Estate Investment Management (REIM) has appointed Lennart Weinhold as managing director in the real estate debt team, effective 16 September. Weinhold will be based in Frankfurt and report to Edmond de Rothschild's REIM head of real estate debt and CEO for REIM Germany, Ralf Kind. Weinhold will be responsible for portfolio and risk management. He will also be involved in loan origination and execution in his new role as managing director in the real estate debt...

Professional services firm Colliers has announced the appointment of Andrew Hallissey as CEO, occupier services, global, alongside a raft of senior appointments. Currently executive managing director, occupier services, Europe, Middle East and Africa (EMEA), Hallissey will continue to lead Colliers’ occupier services business in EMEA. Colliers also announced that Jodie Poirier would be taking up the role of president, occupier services, Americas; and that Scott Nelson, the prior CEO of occupier services, global had moved into a newly created global...

Global real estate giant Tishman Speyer has inked a deal for two logistics sites in Düsseldorf, Germany. The properties have been acquired from May & Co in an off-market deal. The sites sit at the heart of the RhineRuhr region, which includes Germany’s fourth largest airport. The properties are located in Düsseldorf Heerdt and Ratingen within the Düsseldorf region and have a total plot area of 60,000 m2. Both sites are approximately five minutes away from the nearest motorway. As...

UK financial services company Legal & General has sold its UK house builder, Cala Group, to a consortium led by Sixth Street Partners and Patron Capital for £1.35 bn (€1.6 bn). Legal & General will receive £1.16 bn (€1.37 bn) in cash from the sale, with half of that amount payable upfront and the remainder spread out over five years. Previously, Legal & General and Patron Capital were joint owners of Cala. Legal & General acquired the 52% in Cala...

EQT Exeter has acquired a portfolio of logistics assets in Spain from GLP Capital Partners' European development fund. Financial details were kept confidential. The three fully-let Grade A Spanish logistics assets are located in Valls, Illescas and Guadalajara and provide 113,000 m2 of space. Source: PropertyEU 19 Sep 2024

Invesco Real Estate, the global real estate investment business of Invesco, has acquired a prime, modern complex of 34 terraced houses on a 5,000 m2 residential area in Marbella, Southern Spain. The seller was Dazeo, the residential joint venture created by Dazia Capital and Eurazeo Patrimoine. The recently redeveloped Bahia residential complex of Les Roches, fully refurbished and upgraded in early 2023, sits in a wealthy area of Marbella. It is fully let on a long-term lease to the hospitality...