Industry News

CapMan Nordic Real Estate III Fund (CMNRE III) has signed a forward purchase agreement to acquire a residential development project from Danske Shoppingcentre (DSC). The project, consisting of 137 residential units in the heart of Glostrup has been developed by DSC together with Raundahl & Moesby and designed by PLH Arkitekter. Once completed it will offer quality living in a well-located modern residential area with excellent shopping and dining opportunities and good connections to Copenhagen city centre. Raundahl & Moesby...

Mitiska REIM , the leading specialist investor in European convenience real estate, has today announced the final closing of the MEREP 3 European value-add fund at €310 million, exceeding the initial target of €300 million and representing a 39% increase in funds raised compared to the preceding fund at final close. MEREP 3 (Mitiska European Real Estate Partners 3) is the third flagship fund from Mitiska REIM and focuses on the accelerating opportunity in convenience real estate across Europe, targeting...

Invel Real Estate has provided €111.2 million in financing to support the redevelopment of an 87-key ultra-luxury hotel in Italy. Invel said it has provided the loan to help transform the former Hotel Majestic into Baccarat Hotel Rome, operated by SH Hotels & Resorts which is undergoing a name change to become Starwood Hotels. Invel has provided the loan to enable the conversion of the former Hotel Majestic into the Baccarat Hotel Rome, which will be operated by SH Hotels...

Ofi Invest Real Estate has acquired a core logistics portfolio on behalf of one of its clients. This portfolio includes two cross-dock logistics facilities located in Cologne and Kleinmachnow, near Berlin. The assets were sold by DWS on behalf of one of its real estate funds. The two buildings, completed in 2016, feature modern technical specifications and offer over 15,000 square metres of lettable area, along with lorry and car parking spaces. The total plot size for the two logistics...

A fund managed by Deka Immobilien has acquired a hotel in Ireland from an ESR Europe -managed fund. The open-ended mutual fund Deka-ImmobilienEuropa fund has invested €86 million to acquire the 272-key Ruby Molly hotel in Dublin City Centre from ESR Europe Active Real Estate Fund IV. Source: IPE Real Assets on 27 Feb 2025 https://realassets.ipe.com/news/esr-europe-sells-86m-dublin-hotel-to-deka/10129150.article

Principal Asset Management has acquired a life sciences asset in Galway, its first acquisition in Ireland for LOG IN, the European logistics and industrial fund managed by Theoreim. The asset comprises two buildings, totalling 5,000 square metres, providing warehouse space, laboratory rooms, research space and offices. It is let for a fixed term of nine years to a company that designs and manufactures medical equipment. Located in the west of Ireland, Galway is distinguished by its leading scientific and university...

Periskop Partners (a brand of DLE Group AG) announces that Florian Goldgruber (48) has been appointed as Managing Director of the newly established Periskop Opportunities GmbH, effective immediately. Together with Managing Partner, Dominik Brambring, he will lead the subsidiary and advise the new Opportunities Fund. This strategic reinforcement aims to further expand Periskop’s portfolio and expertise. In his new role, Florian Goldgruber will work closely with Periskop Partners’ specialized investment teams, including Senior Living, Logistics, Land Development, and Mezzanine Capital...

Global asset manager Apollo is acquiring real estate fund manager Bridge Investment Group for $1.5 billion (€1.43 billion ). NYSE-listed Bridge shareholders will receive 0.07081 shares of Apollo stock for each of their Bridge shares or units. The exchange is valued at $11.50 per Bridge share/unit. As part of the deal, Bridge’s executive chairman, Bob Morse, will join Apollo as a partner and it is their real estate equity business. Founded in 2009, Bridge manages $50 billion in US residential...

KKR ’s European real estate strategy is acquiring a multifamily housing project in Sweden from developers Reliwe and The Derome Group. The global investment firm said it has agreed to forward-purchase the three multifamily properties under construction in Haninge, near Stockholm. Financial details were undisclosed. The development, comprising 382 residential units, is expected to be completed between Source: IPE Real Assets 21 Feb 2025 https://realassets.ipe.com/news/kkr-acquires-multifamily-housing-project-in-sweden/10129016.article