Industry News

Savills has appointed Robert Ciggaar as associate director in the Dutch residential & hotel investment team as of the 1st of May. Ciggaar will focus on buying and selling residential, healthcare and student housing assets, including existing buildings as well as new developments. Ciggaar has spent the past several years as director of asset management at Certitudo Capital. He also gained experience at LoneStar, Hudson Advisors, Propertize and PingProperties, working on developments, commercial asset management and transactions. Source: Property EU...

The Board of Directors of PATRIZIA SE, a leading partner for global real assets, announced the appointment of Asoka Wöhrmann as new CEO Designate of PATRIZIA SE and Slava Shafir as new COO. Previously Asoka Wöhrmann served as CEO for DWS Group, a publicly listed global asset manager with over EUR 800bn AUM globally, which belongs to Deutsche Bank Group. Asoka Wöhrmann will assume responsibility immediately and become sole CEO after a short transition period to lead the next growth...

Leading diversified professional services and investment management firm Colliers announced the appointment of Christian Kadel as Head of International Capital for Germany within the EMEA Capital Markets team. Kadel had been Head of Capital Markets in Germany since 2018. The expansion of his role into the EMEA Capital Markets team will see him focus on deepening relationships for Colliers with globally active German capital intensifying work with international capital investing in Germany, and supporting projects and requirements outside of the...

GARBE Institutional Capital has sold the Ypsilon Park office complex in The Hague on behalf of one of its funds. Focus Real Estate and Molsbergen Development acquired the property in a club deal with a group of private investors. Ypsilon Park consists of a monumental office building dating from 1939, most of which is let to EY, and the Ypsilon office building, which was built in the 1970s. Located in the centre of the Benoordenhout district of The Hague, the...

CBRE Investment Management (CBRE IM) has exchanged contracts to acquire a residential portfolio of five multi-family assets providing 1,350 apartments in Germany for a total of €560 million. The vendor is German listed group Vonovia. The entire residential portfolio, all newly built or delivered in the next few months, comprises five buildings of which two are located in Berlin, two in Munich, and one in Frankfurt. The assets are centrally located and are wellconnected with public transport and local amenities...

Union Investment is further expanding its strategic position in the European residential property market and has acquired a large part of the MIX Amsterdam development for its open-ended real estate fund UniImmo: Europa. The vendor is property developer MRP, which will continue to implement the project for Union Investment. The purchase price was not disclosed. Six residential towers with heights ranging from 29 to 41 metres are set to be constructed at Osdorpplein 1000, on the site of the former...

Realterm today announced the continued growth of its transportation logistics real estate platform in Europe with the acquisition of four industrial outdoor storage (IOS) facilities. The fully leased portfolio, which boasts eight to 15 drive-through maintenance bays at each property, is located across four cities throughout the Netherlands and has a total land area of 74,352 metres squared. Source: Realterm On the 4th of May 2023 https://www.realterm.com/news/realterm-announces-acquisition-of-four-ios-facilities-in-the-netherlands-totaling-almost-75000-square-meters/

US privately-held developer-investor Hines has acquired five logistics assets across three separate transactions from different vendors throughout the UK, Spain, and The Netherlands on behalf of its Hines European Property Partners (HEPP) core-plus fund. Financial details were not disclosed. The locations of the assets are strong, with the majority of the assets in The Netherlands situated adjacent to Schiphol Airport, the Spanish asset is five minutes from Terminal 2 at Aeropuerto Josep Tarradellas Barcelona-El Prat, and the UK asset is...

German investment manager Union Investment has sold an office and commercial building in Dortmund to family foundation Andreas Deilmann Familienstiftung on behalf of special real estate fund UII GermanM. Financial details were not disclosed. Acquired in 1999, the property at Westenhellweg 95–101/Kampstraße 84–100 was one of the first to be added to the portfolio of UII GermanM. Source: Property EU on the 2nd of May 2023 https://propertyeu.info/Nieuws/Union-Investment-sells-Dortmund-asset-to-family-foundation/576243d5-e711-4a99-b801-d7d661c162ef