Industry News

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, announces that it has provided a loan facility of £123 million through its flagship real estate debt fund, LREDS IV, to finance the acquisition of two UK holiday parks on behalf of One Investment Management (“OneIM”), a global alternative investment manager, and Foundation Partners, an independent private equity firm. Located across the UK in Somerset (Unity Farm) and Yorkshire (Skirlington), the holiday parks benefit from proximity to the coast, lakes...

Sirius Real Estate has completed the acquisition of a multi-let light industrial park in Carnforth, Lancashire, for c. €10.8 million, representing an 11.4% net initial yield including acquisition costs. The park is just north of Lancaster and is 4.8 kilometers from the M6 motorway with excellent connections to Scotland and the south. The acquisition will add c. 15,993 square metres of light industrial space to the Group’s U.K. portfolio, and has been made using proceeds of the recent capital raise...

Clarion Partners Europe (the “Company”), the real estate investment fund manager specialising in European logistics and industrial assets, has appointed Jasper Petit to the newly created role of Chief Strategy Officer, effective immediately. He brings nearly 20 years of pan-European real estate experience, the last ten of which have been at Bouwinvest Real Estate Investors, a longstanding LP partner of the Company. Jasper will be based out of Clarion Partner Europe’s newly opened Amsterdam office. Alongside CEO Alistair Calvert, he...

M&G plc today announces that its Real Estate business has acquired a majority stake in BauMont Real Estate Capital Limited (BauMont) – a leading European investment manager specialising in value-add strategies. The acquisition underpins M&G’s strategy as it seeks to strengthen its position as a leader in European private assets through selective bolt on acquisitions. Established in 2017, BauMont has offices in Paris and London with €1.5 billion of assets under management and a management team with an investment track...

Valor Real Estate Partners (“Valor”), Europe’s fastest-growing last-mile real estate specialist, has secured two separate green loans from ING, totalling €38 million, to support two recent acquisitions in key Paris and Rotterdam submarkets. In Dugny, within the Grand Paris regeneration zone, Valor acquired a 26,000 sqm Grade A logistics asset, part-funded by a €25 million loan from ING. The property, which was refurbished in 2021 to modern sustainability standards, is fully let to two e-commerce businesses and provides excellent access...

Union Investment has extended the lease agreement with LabKom Biochemische Dienstleistungen GmbH at Universitätsstrasse 140 in Bochum for a further six years ahead of schedule. The company has thus secured the 4,769 sqm of office space until mid-2034. LabKom has been a tenant at Universitätsstrasse 140 since 1992. The office building is located directly on the campus of Bochum's Ruhr University, the largest institution for research and teaching in the Ruhr region, and is currently fully let. It has been...

Amro Partners has hired Leo Hertog as Managing Director, Chief Investment Officer within its dedicated student housing arm Amro Student Living, to accelerate the firm’s growth within the European student housing sector and support its planned expansion into the UK student housing market in 2025. Leo will also take on the interim role of Acting Co-Head for Northern Europe alongside Pablo Garcia-Morales Osorio, replacing Rainer Nonnengässer who will depart the firm at the end of this year to take up...

Staybrook Capital, the newly launched operating platform for real estate investment across the UK and Europe, has expanded its team with the appointments of its first non-founder employees, Ashley Hancox and Henry Fisher. Ashley Hancox joins Staybrook as Head of Office Occupier Strategy, bringing over 30 years of relevant advisory and asset management experience. In his new role, he will use his deep experience and relationships in the UK office sector to identify and underwrite opportunities for Staybrook’s growing pipeline...

IPUT Real Estate (‘IPUT’), Ireland’s leading commercial property investment company and the largest owner of offices and logistics assets in Dublin, announces the appointment of Ian Gleeson to its Board as a non-executive Director. Ian brings significant expertise in the Irish and international real estate markets, having worked in a diverse range of roles covering Europe, the US, and Asia Pacific. Source: IPUT.com 29 Oct 2024