Industry News

Italian real estate manager Coima has acquired the Sapphire portfolio of three commercial properties in Rome for €200 million. The acquired assets comprise the Palazzo Verospi and Galleria Sciarra, which house the Presidency of the Council of Ministers’ offices, and the Palazzo Monte, in the Campo de’ Fiori area, which houses the Council of State. Coima said it made the acquisition on behalf of its Core Fund I and Core Fund II, which are backed by Italian institutional investors and...

As of 1 April 2024, Markus Schmidt (49) assumed the newly-created role of Head of Business Development Infrastructure at IntReal International Real Estate Kapitalverwaltungsgesellschaft mbH (“INTREAL”). He has already been working in the Fund Controlling unit of INTREAL since 2014, becoming head of a fund controlling & reporting team in 2017. In addition, he assumed the autonomous project management for a number cross-divisional in-house projects at INTREAL. Being the department’s top-down Key Account Manager, he served as central contact in...

Altera Vastgoed has selected Aalberts Bouw to collaborate on a new project to boost the sustainability of 46 family homes in Welgelegen-Noord, Nieuw-Vennep. Upgrading the sustainability of homes built in 1987 is in line with Altera’s ambition of achieving a Paris-proof portfolio by 2040 at the latest. The work includes replacing the existing glass with triple glazing and installing insulated doors. The homes will also be fitted with a heat recovery system. Regular maintenance work will also be carried out...

Independent Nordic fund manager Areim has acquired the office asset Städet 9, also known as Grönstedska Palatset, on Sankt Eriksgatan in Hagastaden, Stockholm. Financial details were not disclosed. The vendor was Gamla Livförsäkringsaktiebolaget SEB Trygg Liv. The property, which was built in 1923, consists of 28,000 square meters of lettable area, and was the former headquarters of Vin & Sprit. Areim plans to further develop the property and at the same time preserve the property's history and characteristic features. Source...

Meag , the asset manager of Munich Re and Ergo, has acquired three apartment complexes in Berlin from Trei Real Estate. Financial details were not disclosed. The properties, located in the city’s Prenzlauer Berg and Mitte districts, were developed by Trei on sites previously occupied by single-storey supermarkets. The overall leasable area of about 36,000 square meters comprises a total of 544 rental apartments of one to five rooms and 179 car parking spots. The ground floor premises of the...

Swiss Life Asset Managers Nordic has bolstered its presence in Finland by acquiring the Bredis retail park from eQ Commercial Properties Fund. The 23,000 square meters big-box retail complex, consisting of four properties, boasts a diverse tenant mix, including well-known names such as Lidl, Rusta, Tokmanni, Jysk, Power and Puuilo. Completed in stages between 2018 and 2021, Bredis is strategically located in the Greater Helsinki area, between Helsinki and Espoo. Source: propertyeu.info on the 3rd of May https://propertyeu.info/Nieuws/Swiss-Life-AM-Nordic-expands-in-Finland-with-retail-park-acquisition/8a8e4a41-ea6a-4d50-bf6e-77ca95d0a14a

ICG, the global alternative asset manager, today announced the appointment of Greg Minson as Global Head of Asset Management within its Real Estate business. Based in London, Greg joins ICG Real Estate’s leadership team, and will work closely with Global Head of Real Estate, Krysto Nikolic, to further grow and scale the platform. Greg will provide global leadership across asset and fund management, debt capital markets, as well as portfolio finance and operational functions. He will also join the Real...

Martin Kraaij will be appointed fund director of the ASR Dutch Science Park Fund as of May 1. This unlisted real estate fund invests in commercial properties in the Netherlands’ most attractive science parks, with a strong focus on institutional investors. In his new role as fund director, Martin will pursue further growth for the ASR Dutch Science Park Fund and establish new partnerships with universities, science parks and businesses. After studying architecture and mastering 'Real Estate Management & Development'...

As part of the reorganization of Generali Real Estate S.p.A., led by CEO Aldo Mazzocco, Alberto Agazzi has been promoted to a new role focused on developing the company’s growth in global markets (United Kingdom, USA and Asia/Pacific). Leveraging the extensive experience in European and APAC markets, in Real Estate Equity and Debt and different asset classes, that he gained as CEO & GM of Generali Real Estate S.p.A. Società di gestione del risparmio (Generali Real Estate SGR), in his...