Industry News

European property firm Redevco and its shareholder Cofra Holding have named Neil Slater as the company's new chief executive officer, taking over from Andrew Vaughan in October this year. Vaughan is stepping down as CEO after 20 years of leadership at Redevco, where he introduced the liveable cities strategy which resulted in greater diversification and, for the first time, the addition of third-party capital. Last year, he led Redevco’s acquisition of a majority stake in redos, the Hamburg-based firm, creating...

Global real estate advisor, CBRE, has appointed life sciences expert Emma Stratton as a director in its life sciences transactions team. Stratton will focus on landlord agency, covering the London and Cambridge markets, and will be responsible for driving transactional growth and market presence for CBRE in the UK life sciences market. She will be working closely with Chris Williams, in the life sciences occupier advisory team and Luke Hacking and Jeremy Rodale in London & South East Investor Leasing...

BNP Paribas REIM Italy, the Italian branch of BNP Paribas REIM, has appointed Vincenzo Nocerino as CEO. In his new role, Nocerino will work to expand and consolidate the company's development in Italy and support the growth path of the pan-European real estate investment hub. He replaces Dominique Jones in this function, who returns to Paris within BNP Paribas Real Estate. Nocerino has extensive experience in the real estate investment sector and indepth knowledge of BNP Paribas REIM, having served...

M&G has announced the promotion of Simon Ellis to co-fund manager of its M&G European Property Fund, alongside Fund manager, David Jackson. There will be no change to the Fund’s investment strategy. Having worked on the Fund with Jackson since 2006 and played a key role as Deputy Fund manager since 2015, Ellis will now assume a more significant role in strategy and investment decisions, reporting to Tony Brown, Global head of M&G Real Estate. With more than 18 years’...

Amro Partners and NTT UD Europe (NTT UDE), a subsidiary of Japanese real estate developer NTT Urban Development, have formed a joint venture partnership to fund the development of The Rex co-living project in London. The £80 mln (€92 mln) gross development value project located directly opposite Kingston train station represents NTT UDE’s first foray into the UK residential market and the first joint venture between the two parties. The project will deliver 210 co-living units and is expected to...

Real estate fund and investment manager Genesta has acquired a high-quality logistics property from warehouse solutions creator and builder Infrahubs for an undisclosed sum. Located along the E4 motorway in Jönköping, the property was completed in the end of 2022 and has a total lettable area of 45,700 m2. It is fully leased, long-term, to outdoor power products manufacturer Husqvarna. The building will be upgraded to be fully EU taxonomy-aligned, while a longterm action plan will be devised to improve...

Leading European logistics developer and operator CTP will invest €300 mln apiece in Germany and Poland as it plans to double its portfolio to 20 million m2 by 2030. The move, comprising a total investment of €600 mln, forms part of CTP’s wider strategy to double the size of its pan-European network of business parks by the end of the decade. The Euronext-listed developer, operator and owner has a current portfolio of 10.9 million m2 as at end of Q1...

Macquarie Asset Management has acquired two logistics facilities in the Netherlands on behalf of the Macquarie European Logistics Real Estate Fund. The forward purchase agreements were signed following separate off-market processes. The facility at Rotterdam Logistics Park (RLP) in Hellevoetsluis has been purchased from Delta development and Elrep Asset Management. Located near the Port of Rotterdam, the 47,000 m2 will offer 47,000 m2 of flexible floor space upon completion in Q4 2023 and benefit from intermodal connections (sea and road)...

Savills Investment Management (Savills IM), the international real estate investment manager, has acquired a supermarket portfolio comprising four strategically located properties in Portugal for its European food retail strategy. The purchase price was around €39 million. With this purchase, equity commitments for the strategy grow to a volume of €470 million – with properties in the Netherlands, Ireland, Denmark, the UK, Germany and now Portugal. The four established supermarkets in Portugal are located in Gulpilhares, Olhão, Castelo Branco and Nazaré...