Industry News

Apollo Global Management has launched its first European real estate debt fund, targeting €1 billion in commitments, according to market reports. The vehicle marks the first time the New York-based alternative asset manager is seeking to raise third-party capital alongside its own funds to invest in originating European real estate loans, the reports suggest. Apollo declined to comment when contacted by PropertyEU. The firm is said to have started meeting with global institutional investors about the fund, which would invest...

AXA IM Alts , a global leader in alternative investments with €183 billion of assets under management, has secured a £480 million construction loan from Cale Street, the real estate investment and finance firm, to fund the development of its 650,000 sq ft (60,000 sqm) next generation office building at 50 Fenchurch Street. This transaction represents one of the largest development loans agreed ahead of any pre-let in the UK since the beginning of 2023. Following the acquisition of the site by...

Amro Partners and Falco Capital have financed their joint student housing project in Alicante with a €17.5m 3-year development loan from Fiera Capital’s European Real Estate Debt platform. The global asset management firm is making its debut into the Iberian market via the Article 8-compliant Fiera European Real Estate Debt Fund. Amro Estudiantes Alicante  is the first PBSA building in Spain to adopt a Passivhaus design discipline, with investment in fabric efficiency, renewable energy technology and solar control in line with...

Aviva Investors , the global asset management business of Aviva plc, announces it has expanded the responsible investment team within its Real Assets unit with the appointments of Phillipa Grant, Elizabeth Ortiz and Jeremy Ho. All reporting into Edward Dixon, Head of Responsible Investment, Real Assets, at Aviva Investors, Phillipa Grant joins as Director of Sustainable Investments, whilst Elizabeth Ortiz has been appointed as an Associate, and Jeremy Ho as an Analyst. Phillipa is a chartered engineer and joins Aviva...

ActivumSG , one of Europe’s largest independent real estate investment managers, has hired Eric Lemer as Head of Global Client Solutions and Capital Formation. Lemer previously worked at EQT Exeter, the real estate platform of global alternatives firm EQT Partners, where he was its first dedicated real estate product specialist. Lemer, who has helped secure over €10 billion from institutinal investors across his career, will lead investor engagement, fundraising and co-investment initiatives as well as business development. Source: press release...

The Bouwinvest Asia Pacific Mandate has invested USD 75 million in the CapitaLand Ascott Residence Asia Fund II (CLARA II), a private fund managed by CapitaLand Investment Limited (CLI). The investment strategy focuses on furnished serviced accommodation and co-living concepts in gateway cities within developed markets in the Asia Pacific region, including Japan, Singapore, South Korea, Australia and Hong Kong. The fund is pursuing a value-add strategy, which will focus specifically on the transformation of well-located but ageing or underperforming...

CapMan Nordic Property Income Fund (“CMNPI”) (non-UCITS) sells Søllerødgade 15-19, a well-located modern residential property in Copenhagen. The property, originally built in 2017, is located in a sought-after part of the Nørrebro area close to central Copenhagen. The fund acquired the property in 2020 and has now decided to exit the property to Danish real estate investor SF FORE. Source: press release sent 19 March 2024

HIH Invest Real Estate (“HIH Invest”) just acquired the Alcalá solar park in Seville province in southern Spain. The ground-mounted photovoltaics plant was completed and connected to the electricity grid in December 2023, and already generates electricity income. The total output amounts to 15.1 MWp (Megawatt peak). The acquisition was completed on behalf of the HIH Green Energy Invest fund. Seller is the German company BayWa r.e., which developed the project and oversaw its construction as general contractor. BayWa r.e...

Elevation Advisors LLP (“ Elevation”) is pleased to announce that  Elevation Healthcare Properties (“ EHP”), a healthcare real estate fund advised by Elevation, agreed to acquire from Clariane S.E. (“ Clariane”) 11 properties and simultaneously lease them back to Berkley Care Group (“ Berkley Care”).  Concurrently, Berkley Care’s existing leadership team agreed to acquire the operations of Berkley Care operations from Clariane.  The total consideration to Clariane was £207 million.  In line with EHP’s existing strategy, the properties are let to...