Industry News

Paris – Hines , the global real estate investor, developer and property manager, today announces the commencement of two large-scale student living projects in Paris, France. The first is Liberté 1, a 26,500 square metres office building in Charenton-Le-Pont acquired from Covivio by the Hines European Real Estate Partners III (HEREP III) fund, which Hines plans to transform into a multi-use residential complex including 650 student beds. The second sees Hines reveal plans for another 650-bed investment, this time on...

Union Investment has sold an office building in Vienna's 7th district to Thalhof Immobilien GmbH. The company specialises in the acquisition and development of residential and office properties in Vienna's prime locations. The property at Schottenfeldgasse 29 has been part of the portfolio of immofonds 1, an open-ended real estate fund distributed exclusively in Austria, since 2013. The parties have agreed not to disclose the purchase price. Source: press release sent on the 7th of March, 2024

Elo Mutual Pension Insurance Company purchased two residential properties in the inner city of Helsinki from Paavo Nurmi Foundation. The properties located at Linnankoskenkatu in Toolo and Fleminginkatu in Kallio were originally constructed in 1938 and 1912. These historical properties have been renovated over the years to meet the current standards and a major renovation has been carried out in the Kallio property in 2018. The properties have excellent micro-locations in one of the most desired districts in the inner...

Alma Property Partners and Alea Partners acquired their first light industrial property in the Helsinki metropolitan area through a newly established joint venture called UrbanLight. UrbanLight invests in logistics, last mile and light industrial properties located in key locations in the Helsinki metropolitan area. The company acquired its first property located at Högbergintie 4 in the logistics area of Jussla in Tuusula. The area, located near the Helsinki airport, has been developing into a strong logistics location for many years...

After receiving approval from the Competition Council, the purchase-sale agreement of the Technopolis business park, concluded by the investment company Lords LB Asset Management and the company Technopolis Lietuva, entered into force. The Technopolis Ozas office campus located in Vilnius, near Ozas Park, has a new owner. All stages of the purchase-sale agreement of the office campus have been completed, and Lords LB Asset Management , the acquirer, have secured its leadership status in real estate investment (NT). Technopolis Ozas...

Joseph Vullo has been promoted to the new role of head of real estate, Europe at Columbia Threadneedle Investments . In this role, Vullo will provide leadership for Columbia Threadneedle’s panEuropean real estate platform, including the UK and Continental Europe. He currently leads the UK real estate business and will now take on additional oversight for the Continental Europe business, with Iris Schöberl and Ian Kelley continuing to head up operations in Munich and Paris respectively now reporting into him...

Northern Horizon , specialized healthcare real estate investor, is pleased to announce the successful deployment of the investment capacity of €648 million for its fourth Nordic healthcare fund, ACIV. As of March 2024, the fund owns 44 assets and has committed to 3 assets under construction, bringing the portfolio to 47 assets in total. Aged Care IV invests in modern, fit-for-purpose care homes and similar residential care assets in the Nordic countries. The fund’s strategy addresses the structural shortage of...

Niam is pleased to announce the acquisition of the Danish speciality property management company Futurum ApS. With its team of 25 employees, Futurum holds a deep segment expertise complemented with all necessary systems and processes in place for residential management. Futurum is headquartered in Fredericia, ideally located in the Triangle Region of Denmark, and is specialized in managing residentials in the regional cities of Denmark. It will now be a wholly owned subsidiary within the Nordhusene Group. Source: niam.se on...

Clarion Partners Europe , the real estate investment fund manager specialising in logistics and industrial assets, has completed the acquisition of a 39,363 square metres, institutional quality logistics warehouse in Helmond, the Netherlands, for €49.7 million, from Dutch developer Next Level. This acquisition takes the total amount of capital deployed by Clarion Partners Europe – on behalf of its commingled funds – in the Netherlands so far in 2024 to c.€175 million. The BREEAM Very Good certified property, which was...