Industry News

Realterm announces the growth of its transportation logistics real estate platform in Europe with the acquisition of 5 Rue Georges Charpak, a 5,490 square meter, cross-dock industrial outdoor storage (IOS) facility located on a 29,267 square meter site in Libercourt, France. The advantageously located, high flow through (HFT) property boasts 73 loading positions. “The French logistics sector has witnessed incredibly low vacancy rates and limited land availability.” said Balazs Lados, Managing Director and Fund Manager at Realterm. “The increasing demand...

Pan-European property investor Kajima has acquired a 31,000 square feet office development in London’s West End as part of a value-add strategy in the UK capital. Kajima has invested an undisclosed sum to acquire the asset at 27 Soho Square from Federated Hermes. Fineman Ross acted on behalf of the buyer and Harris Associates on behalf of the seller. The recently refurbished seven-storey building, currently let to five tenants, was originally constructed in 1985. Kajima said the acquisition forms part...

Commerz Real has purchased in full the “Mynd” office high-rise and “Galeria Weltstadthaus” store at Berlin Alexanderplatz from SIGNA Prime for its open-ended real estate fund Hausinvest; the project is currently under construction. To date the real assets subsidiary of Commerzbank has held a stake of 20 per cent in the complex; SIGNA will continue to accompany its realisation in a lead capacity as the project development partner. Upon completion in 2025 the overall ensemble is to have a total...

AXA IM Alts has marked its entry into the Italian elderly care home market with the acquisition of six assets. The €185 billion global asset manager has invested an undisclosed amount on behalf of clients to acquire the portfolio in a forward purchase from a Namira-managed real estate fund. AXA IM Alts said the portfolio, spread across the Northern Italian regions of Lombardy, Tuscany and Piedmont, will total 1,440 beds upon completion. Two assets, located in the provinces of Brescia...

Round Hill Capital, a leading global specialist real estate investor, developer and manager has closed its European Residential Income Fund II (ERIF II) with c. €440 million of equity commitments with significant capital left to deploy in selected markets. The closing follows a final tranche of €90 million raised from a French listed fund and an Asian public pension fund. They join nine existing institutional investors in the Fund comprising a range of state pension funds, insurance companies, financial institutions...

HIH Invest Real Estate’s open-ended German healthcare real estate fund has acquired its second asset. HIH Vita Invest has invested an undisclosed amount to buy the recently constructed Telos Clinic Liblar building located at Radmacherstraße 83 in the Liblar district of Erftstadt in North-Rhine Westfalia. HIH Invest said the 3,500s square metres asset has been let to Systeam GmbH & Co on a 25-year lease. The deal represents the second acquisition for HIH Vita Invest, a fund categorised as an...

Proud to serve European real estate markets since 2006 Real estate investment and asset manager AEW has acquired Passy Plaza shopping centre in the 16th arrondissement of Paris. The centre was acquired from Generali on behalf of three of AEW’s funds under management for retail investors. The four-storey asset, which comprises 13,000 square metres split over two levels of retail units and two levels of parking, is currently let to 25 tenants, including major brands such as Uniqlo and Zara...

Berlin based Catella Residential Investment Management has appointed Marwin Weber as fund manager of its €1.25 billion capital commitment Catella European Residential Fund III (CER III), which is one of the largest pan-European residential investment vehicles. Marwin Weber was previously fund manager at Patrizia and was responsible for two core pan-European residential real estate funds (among others, Patrizia's European Residential Flagship Fund) and one German residential value-add vehicle. He was part of Patrizia's ESG Working Group for the implementation of...

Dimitar Dimitrov has joined the KanAm Grund Group's Investment Management Europe team as Associate Director at the beginning of May. In his new position, he will assume responsibility over the Group's investment activities in the Nordics. He reports to Anthony Bull-Diamond, head of Investment and Asset Management Europe and managing director at KanAm Grund Real Estate Asset Management. Dimitar Dimitrov has over 13 years of experience in the real estate industry, which he gained in various positions at Deka Immobilien...