Industry News

CapMan’s Nordic Property Income Fund has announced the sale of Tonsbakken 12–14, a warehouse property situated in Skovlunde, greater Copenhagen, Denmark, for an undisclosed amount. The fund acquired the property in 2018 and is selling it now for redevelopment to two separate parties, Nordic data centre services company atNorth and Danish property developer Propreco. Source: propertyeu.info on the 12th of October https://propertyeu.info/Nieuws/CapMan-sells-Danish-warehouse-asset-to-data-centre-firm/e731774f-7529-4e3b-b019-d28f7cef5710

Global real estate investor Round Hill Capital has acquired 541 residential for rent units across seven assets in Greater Berlin for €89 million in three transactions. The acquisitions were made on behalf of the Round Hill Capital European Residential Income Fund II (ERIF II). The fund closed in May 2023 with some €440 million in equity commitments and targets Core/Core Plus returns by investing in multifamily opportunities. Source: propertyeu.info on the 10th of October https://propertyeu.info/Nieuws/Round-Hill-Capital-swoops-on-over-540-rental-units-in-Berlin-for-90m/49817d2b-1417-4c0a-b1c9-967fe1719689

German asset manager Values Real Estate has acquired a logistics building in Schlitz near the city of Fulda in Central Germany for its Values logistics real estate fund as part of a sale and leaseback transaction. Financial details were not disclosed. The property, Am Eichberg 1, is located near the A7 motorway and has a total rental area of 11,000 square metres on a gross area of 42,000 square metres. The seller and long-term tenant is lighting specialist Lampenwelt, part...

Union Investment has successfully sold the logistics property with the address Langgewann 2 in Worms. The logistics property, which comprises around 32,177 square metres of leasable space, was acquired by Union Investment as a project and has been part of the institutional mutual fund UniInstitutional European Real Estate portfolio since 2007. The parties have agreed not to disclose the purchase price. The property is located in a sought-after logistics location in the Rhine-Neckar region with connections to the Rhine-Main economic...

M&G Real Estate, has acquired two residential properties in Germany and Portugal on behalf of the €600 million M&G European Living Property strategy, launched in January this year. These new acquisitions align with the fund’s principle to invest in high quality properties. In central Berlin, standing residential building for €36.5 million in an off market deal. Located at Park am Gleisdreieck and split across 7 floors, the building offers 67 private rented apartments, 48 of which at open market rent...

M&G has acquired 370 homes in partnership with three UK housing associations for its shared-ownership fund. The M&G Shared Ownership Fund struck a series of deals worth a combined €72.3 million with Chelmer Housing Partnership (CHP), Hyde Group and Park Properties Housing Association (PPHA). The investments come two and a half years after M&G launched the fund in 2021, with backing from UK pension funds and the government. The fund was created to provide investors with index-linked rental income while...

Deka Immobilien has acquired a logistics project near Rotterdam for €80 million. The property was sold by Dudok Real Estate. It will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa. The new building covers almost 37,000 square metres, containing a logistics warehouse and an office block that are interconnected by an overground bridge. There are also 150 parking spaces available. The project is located in Alblasserdam, an established logistics site that constitutes an eastern extension of...

Long Harbour is acquiring a London build-to-rent (BTR) project on behalf of its joint venture with Canadian investors Public Sector Pension Investment Board and Cadillac Fairview/Ontario Teachers’ Pension Plan. The specialist real estate investment manager and developer has agreed to forward purchase a 370-home development in Beaufort Park, Colindale, North West London. It is the latest investment for the Long Harbour Multi-Family Joint Venture 2, which targets multifamily developments of more than 150 units in London, the Southeast and select...

Patrizia has bought the Piacenza Business Park in northern Italy, on behalf of its seventh European real estate fund, from AKNO Group. The manager has invested around €70 million in a forward purchase to acquire the 80,000 square metres logistics hub for its TransEuropean VII fund. Patrizia said the newly developed business park, which features 72 loading bays and over 110 parking spaces, is already around 50% leased. Source: realassets.ipe.com on the 28th of September 2023 https://realassets.ipe.com/news/patrizias-european-property-fund-adds-piacenza-business-park-to-portfolio/10069187.article