Industry News

Europa, announces that it has grown its asset management team with the appointment of Mantas Storpirstis as a Director. Based in London, Mantas will report to the Head of Value-Add Asset Management, Jeremy Bullock, and have responsibility for reviewing and enhancing all the processes within the asset management team. Mantas brings over eight years’ experience in real estate investment across Europe, specifically asset and portfolio management, origination, transactions and investor reporting. He joins from RBC Capital Markets where he spent...

Deloitte has added four senior hires to its real assets advisory team to further strengthen its development advisory and valuation offerings. This includes two new partners and two new directors. Michelle Kite and Hari Sothinathan join as partners with specific focus on providing strategic advice on large scale development and regeneration projects to both the public and private sectors. Jane Lees joins as a director with a focus on the alternatives market, whilst Andrew Stanford joins as a director with...

GLP Capital Partners Europe announced today that it has appointed Ben Marks as Chief Financial Officer. Ben assumes the role with immediate effect taking over from Shane Kelly and will report to Nick Cook, President of GCP Europe. Ben joined GLP in 2019 as Group Finance Director and has supported the business through a period of strong growth. Earlier this year, the business underwent a strategic reorganisation to create GCP, a stand-alone global fund management business with approximately $125 billion...

Alternative investment manager AXA IM Alts has acquired, on behalf of its clients, a 12 hectar land plot in Bry-sur-Marne and Villiers-sur-Marne, Paris, from Nexity. Financial details were not disclosed. The site includes one of France’s largest film & series studios, Studios Bry. The transaction represents AXA IM Alts’ first in the fast-growing studio sector, where rapid growth in demand for original content from broadcasters and streaming services, as well as continued demand for feature film content, is underpinning increasing...

HIH Invest Real Estate has acquired a logistics property located on Hansestrasse in the town of Sittensen in Lower Saxony for an open-ended special fund owned by an institutional investor. Financial details were not disclosed. The modern logistics asset was constructed by Panattoni, occupies a plot of about 40,000 square metre, and provides a total lettable area of about 24,000 square metre, complemented by 85 parking spots. The logistics property was completed in March. Its sole tenant is Yusen Logistics...

Real estate investor and fund manager, Cromwell Property Group, has acquired three logistics assets in the Nordics for its value-add partnership with global investment firm Carlyle, spread across three separate transactions. The assets, which approximately total 18,000 square metres in aggregate, are based in Brunna, Sweden, and Ringsted and Fredericia, Denmark, and are strategically located to serve key metropolitan hubs in Denmark and Sweden, with strong transport links. These acquisitions add to Cromwell and Carlyle’s growing portfolio of complementary distribution...

CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired 77,000 square metre of land in Åstorp, Helsingborg, Sweden. The site will be developed into a high-quality warehouse asset totaling 46,000 square metre of lettable area. The project will see flexible 1 to 3 units developed on a speculative basis and will target BREEAM Excellent certification. Completion of the development is expected in Q4 2024. The plot is strategically located along the E4 highway East of...

CBRE Investment Management has acquired through a forward purchase, on behalf of a fund sponsored by the firm, residential asset Badalona Port in Barcelona from Spanish real estate developer Culmia. The scheme will provide 129 apartments, offering homes across the full affordability spectrum and targeting residents who are young professionals, families, and senior citizens. The scheme will also provide 5% social housing. The scheme comprises two buildings offering two, three, and four bedroom apartments, ranging from 78 square metres to...

Garbe Industrial Real Estate has acquired a former industrial site in Gera, in the German state of Thuringia, to build a 28,000 square metres logistics and commercial property. The 48,000 square metres conversion site is part of a former dairy farm, and the seller is FAB Grundbesitz, a group of companies with a strong focus on the real estate markets in central Germany. Construction is scheduled to begin in April 2024 and be completed in Q2 2025 at a cost...