Industry News

AXA IM Alts has signed a preliminary contract to acquire, on behalf of clients, six Grade-A logistics properties in France, from a Joint Venture owned by CBRE Investment Management and Virtuo Industrial Property. The c. 190,000 square metres portfolio comprises five completed properties, ranging from c. 20,000 square metres to c. 43,000 square metres, all constructed since 2020. They are 100% occupied by a mix of domestic and international businesses across manufacturing, distribution and 4PL sectors. Construction of a sixth...

BNP Paribas Real Estate has announced that Jonty Rawcliffe has been appointed as ESG & sustainability lead within its UK property management team, as it further strengthens its panEuropean service offering to its clients. Rawcliffe takes on his new role after almost four years with Strutt & Parker’s rural business, where he was head of natural capital in England, with a specific oversight of biodiversity net gain projects. In his new role, he will work closely with European head of...

German fund manager Deka Immobilien has announced the appointment of Johannes Hermanns as managing director of its Deka Immobilien Investment arm, with effect from January 1, 2024. He succeeds Ulrich Bäcker, who is resigning from his mandate at his own request at the end of 2023. Bäcker will still be responsible for Deka's move from the Trianon to the newly built Four complex in Frankfurt next year before he will then retire. Johannes Hermanns has been head of Real Estate...

Real estate investor Europa has announced the appointment of Stefano Zucca Marmo as managing director, head of operations. Based in London, Zucca will be responsible for maximising operational effectiveness and efficiency across the business, including fund operations, fund accounting, tax, real estate finance and IT. He brings over 15 years’ experience in real estate finance. He joins from Precede Capital Partners where he held the position of chief financial officer. Prior to this, he held roles at Patrizia, most latterly...

Italian asset manager Coima has revealed plans to redevelop an existing 1950s building in Milan into an innovative, technologically sophisticated and highly sustainable new office project. Designed by Milan-based architecture studio Piuarch, the project in Piazzale Zavattari 12, between San Siro and City Life, will see the building, which was part of the Isotta Fraschini car factory, redeveloped into a forward-thinking office building, with circa 14,000 sqm across 12 floors, as well as 1,400 sqm of panoramic terraces and multifunctional...

Aviva Investors, the global asset management business of Aviva plc, announces it has appointed Angenika Kunne as Head of Infrastructure Equity. She will join Aviva Investors in January 2024 and be based in London, reporting to Ben Sanderson, Managing Director of Real Estate and Head of Active Equity. In her role, Angenika will be responsible for the continued growth of Aviva Investors’ Infrastructure Equity platform across the UK and Europe, including portfolio management and asset origination activities for its Climate...

Europa, a pioneer in pan-European real estate investment, announces the appointment of Stefano Zucca Marmo as Managing Director, Head of Operations. Based in London, Stefano is a key strategic hire and will be responsible for maximising operational effectiveness and efficiency across the business, including fund operations, fund accounting, tax, real estate finance and IT. Stefano brings over 15 years’ experience in real estate finance. He joins from Precede Capital Partners where he held the position of Chief Financial Officer. Prior...

Garbe Industrial Real Estate has acquired a 54,000 sqm plot of land in the German municipality of Kupferzell, for the development of a 30,000 sqm logistics facility. The Hamburg-based project developer plans to invest €45 million in the development project, with construction scheduled to start in the second quarter of 2024. The new building will be designed to meet the strict requirements of the BEG 40 energy efficiency standard (Federal Funding for Efficient Buildings). Garbe Industrial Real Estate is aiming...

Savills IM, the international real estate investment manager, has acquired a logistics building near Angers, in the west of France, from an Action Group company as part of a sale and lease back transaction. The purchase was made on behalf of a German pension fund. The portfolio, built up since 2015, has now grown to 11 properties in Germany, France, Italy, Luxembourg and the Netherlands, including one property under construction. The modern logistics property, completed at the end of 2020...