Industry News

Octopus Investments, part of Octopus Group, has held a €58 million first close of its Affordable Housing fund set up to accelerate the UK’s much-needed delivery of good quality and genuinely affordable homes. Commitments came from London CIV, the investment pool for 32 of London’s Local Government Pension Schemes (LGPS). The initial capital will enable more than 500 affordable family and older persons homes to be built in areas across the UK and is the first step towards the fund’s...

Hines overcame a difficult fundraising environment to close its third European value fund above target, with €1.6 bn of equity commitments. The global investment manager’s Paul White, fund manager of Hines European Real Estate Partners III, said ‘it had not been a walk in the park’, but despite challenging economic conditions, a further €620 mln of capital was committed in 2023. ‘I have pitched to about 250 investors, resulting in more reluctant negative outcomes than usual’, he said. ‘Because at...

Alma Property Partners has raised nearly €350 million of equity capital for Alma Property Partners III, the firm’s third panNordic opportunistic real estate fund. Alma focuses on commercial and residential property sectors in Sweden, Finland, Denmark and Norway. The investors are mainly institutions from Sweden, Germany and the United Kingdom. The fund has an investment capacity of more than €800 million. Alma’s third fund has already completed seven acquisitions across three investment strategies and there are several deals that are...

French asset manager Paref has announced the signing of a corporate financing for €90 mln. The financing consists of a €50 million loan with a five-year maturity and a confirmed undrawn credit line of €40 million with a four-year maturity. The facility will enable the group 'to refinance its debt and pursue its on-going and future development projects'. The loan has an ESG Framework based on Key Performance Indicators such as carbon emission reduction and asset labelling, as well as...

London-based Tristan Capital Partners has appointed Adam Smith co-head of client relations. The London-based firm has elevated Smith to work alongside Nik Haigh. Smith has been at Tristan for 11 years. He was formerly MD, client relations, APAC and EMEA. Before joining the private equity real estate firm he was at The Townsend Group for 7 years. Source: https://propertyeu.info/Nieuws/Tristan-elevates-Smith-to-co-head-of-client-relations/76464d72-2478-4932-a464-688ac5b45eae, on 7 December 2023.

UK-focused social infrastructure real estate investment manager Newcore Capital has strengthened its senior team with the appointment of Christine Milne as finance director. Milne was previously a managing director at global real estate fund manager Patrizia. She will be responsible for the oversight of Newcore’s financial reporting and accounting. She brings over 15 years of combined real estate experience, including roles at asset and development manager MEPC. Prior to this, Milne spent 10 years at PwC. In her most recent...

Bart Vink has been appointed head of Fund Management. He will lead the Fund Management team of a.s.r. real estate. He takes on this leadership role in addition to his current position as fund manager for the ASR Dutch Prime Retail Fund. Bart Vink returned to a.s.r. real estate three years ago as fund manager of the ASR Dutch Prime Retail Fund, the fund he helped to structure and launch in 2011. Before that, he spent six years at Redevco...

On Monday, November 27, the ground-breaking ceremony marked the start of construction for The BaanTower in Rotterdam. The tower will house 427 rental apartments, with 30% falling within the affordable housing segment. The development is a collaboration between the Rotterdam-based developer RED Company and Redevco, one of the largest private urban real estate companies. The ground-breaking was celebrated alongside Alderman Chantal Zeegers (Climate, Construction, and Housing). The BaanTower, a striking 159-meter-high tower, will rise in the heart of the dynamic...

CapMan Residential Fund (CMRF) invests in Køhlers Have, a newly built residential property located in the attractive South Harbour area of Copenhagen. The high-quality core residential property holds 384 apartments and two commercial units. The property will be DGNB Gold (new construction) certified. This is the sixth investment for CapMans pan-Nordic core residential fund. The investment is well-aligned with the funds strategy to invest in attractive locations in the major Nordic cities, and in properties with strong sustainability profiles. The...