Industry News

15th October 2024: Leading pan-European real estate private equity manager ActivumSG has on behalf of ActivumSG Fund VII, announced the sale of a prime powered land site in Madrid, Spain, to EDGNEX, the data centre arm of DAMAC Group. The total investment by DAMAC Group to deliver a data centre on the site will exceed €400 million. Located 15km from Madrid's city centre, the asset is in the fastest-growing data centre market outside the ‘FLAPD’ (Frankfurt, London, Amsterdam, Paris and...

Niam has acquired 203 rental apartments in the fast-growing district of Barkarbystaden, located in Järfälla municipality, north of Stockholm. The property, completed in 2024, offers a lettable area of 13,200 sqm and is strategically located adjacent to the upcoming Barkarby metro station, set to open in 2026. The area combines an urban atmosphere with proximity to green spaces, creating a highly desirable living environment. The acquisition will be finalised in December 2024. Source: press release sent 23 Oct 2024

Niam is pleased to announce the acquisition of a prime logistics asst in the strategically positioned and expanding Klinga Logistics Park, just south of Norrköping city centre. The newly developed asset encompasses 30,412 sqm of modern logistics space, constructed in 2023, and showcases high sustainability standards with a BREEAM Excellent certification. Source: press release sent 30 Oct 2024

AXA IM Alts, a global leader in alternative investments with €183 billion of assets under management[1], announces that it has started construction of the redevelopment of Coolsingel 93, a landmark office building located in the heart of Rotterdam. Having acquired the building in 2023 on behalf of clients, AXA IM Alts is working closely with Provast, acting as delivery manager. The redevelopment is in line with AXA IM Alts’ ongoing strategy of redeveloping well located office buildings into prime assets...

The course is currently being set for the future of the former 100,000 sqm Meister Areal retail park on Virnsberger Strasse: A modern and almost energy self-sufficient city logistics hub with around 20,500 sqm logistics spaces and a new local supply centre for residents and employees is being built in a sought-after and very well-connected location in the western part of Nuremberg. The project was given the go-ahead with the signing of a long-term lease agreement with the EDEKA Group...

Sustainability have been central focuses throughout the development of Niam’s new office project, Grid 17 in Värtahamnen, from the architectural designs by Brunnberg & Forshed to the current construction phase. Now, it has been confirmed that Grid 17 has achieved the Outstanding rating in the “BREEAM-SE New Construction” certification, with an impressive score of 92.2%. This places Grid 17 as the top-ranked building among all those certified under BREEAM-SE. Source: press release sent 24 Oct 2024

The CapMan Nordic Real Estate III Fund acquired Stationsparken in Glostrup, Greater Copenhagen, in April 2022. The property, encompassing 25,884 square metres of office space, is home to The District Court in Glostrup, The Danish Prison and Probation Services and The Danish Veterinary and Food Administration. As part of developing the asset, and aligned with CapMan Real Estates sustainability strategy, the entire existing zinc roof will be replaced with a new integrated solar panel roof. While the asset already uses...

AXA IM Alts has completed a major refurbishment of the 557-room DoubleTree by Hilton Amsterdam Centraal Station hotel in central Amsterdam. The business has repositioned the asset to benefit from the strong resurgence in demand for new and recently refurbished hotel rooms in the city centre. Having acquired the asset on behalf of clients in 2019, AXA IM Alts’ refurbishment has seen upgrades to all 557 rooms including an improved room configuration, new wall panelling and additional soft furnishings and...

PGIM Real Estate has launched Omnidocks, a platform for ground-up logistics developments in Germany. Omnidocks is part of PGIM Real Estate’s closed-ended value-add fund European Value Partners (EVP) II and has already acquired two assets and secured a strong pipeline of upcoming deals. PGIM Real Estate is the US$206 billion investment firm of PGIM and is the third-largest real estate firm globally. Source: press release sent 31 Oct 2024