Industry News

The Sampotalo building, located along the pedestrian street Yliopistonkatu, spans over a lettable area of approximately 10,400 square meters. All office spaces within the premises have been leased to the public sector anchor tenant, City of Turku, under a long lease agreement. Additionally, Sampotalo has some retail space, conveniently positioned on the ground level. Sampotalo, was built in 1937-1938, over the years the building has been extended and renovated several times and the latest large refurbishment has just been completed...

Orchard Street Investment Management has acquired a multi-let industrial estate in southeast England in the first deal for its €466 million inaugural impact fund. The Orchard Street Social and Environmental Impact Partnership has purchased Euroway Trade Park, a multi-let industrial estate in Aylesford, for an undisclosed sum. Five of the seven units have lease expiries within 12 months. The firm intends to undertake low embodied carbon refurbishments, install solar PV panels and EV charging hubs, electrify all units across the...

German real estate investor Union Investment has made its debut in the Milan office market with the acquisition of a historic downtown property from Italy's Coima. According to IPE Real Assets, the deal volume for Piazza San Fedele 1-3 is understood to be just over €200 million. The transaction will take the form of the creation of a new SICAF investment vehicle on behalf of Union Investment and managed by Coima, aimed at investing in prime sustainable assets, and expanding...

HIH Invest Real Estate (HIH Invest) just acquired an office building, located at Albert-Einstein-Strasse 2 in Osnabruck in the German state of Lower Saxony. Completed in 2014, the building is certified under the DGNB Platinum sustainability standard and provides a total lettable area of 3,222 square metres on three full storeys. It also includes 90 car parking spots and five charging stations for electric vehicles, each with two charging points. A roof-mounted photovoltaic system provides almost the entire power that...

Mitiska REIM acquires retail park in Skalica and begins new retail park development in Sládkovičovo. Mitiska REIM, has today announced on behalf of the MEREP 3 fund the acquisition of a retail park in the Slovakian city of Skalica and the development of a new retail park in Sládkovičovo. In a new joint venture partnership with OPC Group, Mitiska REIM plans to expand its retail park portfolio in Slovakia in the coming years. Located in western Slovakia near the Czech...

Tristan Capital Partners has acquired two UK port development sites for its latest value add/opportunistic fund. The European real estate investment manager’s European Property Investors Special Opportunities (EPISO) 5 fund invested an unspecified amount to acquire two port development sites in Colchester and Birkenhead with Tungsten Properties to deliver two logistics schemes. Tungsten will act as EPISO 5’s operating partner and development manager. The scheme in Colchester – EPISO 5’s first logistics asset in the Southeast – will comprise 11...

Savills Investment Management, has acquired a Light Industrial Park in Essen, in Germany´s Ruhr area, for its European Urban Logistics & Industrial Fund (EULIF). The seller is a joint venture of the Adolf Weber Real Estate and Project Development Company, which realised the inner-city business park in the last two years. The two-building Light Industrial Park in Essen was completed in July 2022 and was fully let to eight tenants immediately afterwards. The property offers approximately 15,500 square metre of...

PATRIZIA has completed the purchase of a large urban logistics portfolio in Sweden from Alta Fastigheter. The portfolio comprises 10 newly developed urban industrial and logistics properties in Linköping, Norrköping and Nyköping. The acquisition is a significant initial investment in a new €300 million Nordics industrial platform, which is a strategic joint venture partnership with Broadgate Asset Management. Spanning over 37,000 square metres of leasable industrial space, the portfolio has a current occupancy rate of 97%. The properties are located...

Nrep has established a joint venture with a German family office to build up a sustainable logistics portfolio in Germany. The first joint project is a 18,500 metres squared brownfield development in Mannheim. Nrep's logistics property development and management platform Logicenters and German investment and Cologne-based asset management company evolutiq will act as developers and asset managers for the joint venture. Evolutiq acquired the 28,000 metres squared development site at Friesenheimer Strasse 2-4 in Mannheim's Bonadieshafen. The property will be...