Industry News

Savills Northern Ireland is pleased to announce the successful completion of the sale of the iconic Foyleside Shopping Centre in Derry/Londonderry, a prime retailing destination in the city, on behalf of its client. The prominent shopping centre, in the regional retail capital of the North West of Northern Ireland, was developed in the early 1990s and officially opened its doors in 1995. The shopping centre was acquired by private investors for £27 million. Source: savills.ie on the 22nd of September...

Italian asset manager DeA Capital has joined forces with Harrison Street to acquire 430 build-to-rent (BTR) units across two new assets in Madrid and Alicante, Spain, for an undisclosed amount. The property in Madrid, located in the desirable San Sebastián de los Reyes neighborhood, comprises 146 units with high-quality amenities, including a swimming pool, gym, coworking area, concierge, events kitchen and underground parking. The Alicante property, located in Benissaudet, comprises 284 units with two phases of renovation planned, which is...

Barcelona, Spain (September 20, 2023) – Realterm is pleased to announce a new five-year lease with DHL Parcel, S.L.U. at C. del Templer Guiu, 13, its highly functional, high flow through (HFT) transload facility in Palau, Barcelona, Spain. The property is located in an established and prime logistics market along the ring of Barcelona. DHL benefits from an above average dock ratio property and excellent highway access which helps them increase their supply chain efficiency. Source: realterm.com on the 19th...

Columbia Threadneedle Real Estate, the real estate investment and asset management specialist of Columbia Threadneedle Investments, has been appointed as the new manager of the City Retail Europe Fund, which consists of 23 high-street assets across 11 countries. The mandate will be managed by Columbia Threadneedle Real Estate’s team based in France, who, through its Best Value Europe franchise, owns and manages 29 high-street retail assets in nine countries across Europe. The addition of the City Retail Europe portfolio, valued...

Union Investment has sold the office building complex Space 2 Move in the north of Vienna to the newly established Raiffeisen Immobilien Treuhand GmbH. This is a wholly owned subsidiary of Raiffeisen-Holding NO-Wien. Space 2 Move has been held by the open-ended real estate fund UniImmo: Europa since 2015. The purchase price was not disclosed. Source: europe-re.com on the 26th of September 2023 https://europe-re.com/union-investment-sells-office-building-complex-in-vienna-to-raiffeisen-at/72166

Dutch real estate investor Altera Vastgoed and construction firm BAM Wonen are working together to make Altera's 1980s residential property portfolio more sustainable. BAM Wonen is applying innovative methods to reduce gas and electricity consumption for residents, such as maximum CO2 reduction. The first project in this collaboration is to upgrade 31 rental units on Evert van Dijkpad and Parmentierpad in Sassenheim, province of South Holland. This will involve roof and ground insulation, replacing existing windows with triple glazing, and...

Global real estate company Stoneweg has launched a leisure property investment venture with a plan to commit an initial €100 million across seven projects in Spain, France and the US. The manager said the Stoneweg Places & Experiences platform is investing €20 million to develop three projects in Spain, adding that it has four other projects in the pipeline in Paris, Miami, and Barcelona, which will bring the total initial investment in the platform to €100 million, funded through a...

Redevco has started a project to redevelop 126 Rivoli, an iconic building in Paris. The building will be refurbished into a new mixed-use and socially engaged project, designed by Franklin Azzi Architecture. The work started in June 2023. The project has been awarded BREEAM Excellent certification for both the construction and operating phases. Once redeveloped the Haussmann building will offer 13,000 square metres of space spread over 8 levels, with 3,000 square metres spanning over three dedicated to retail, four...

Fund manager AEW has announced the launch of its first, place-based impact investing strategy, the AEW UK Impact Fund, with a seed portfolio of £100 million (€117 million). The open-ended fund is seeded with a diversified portfolio of UK assets comprising specialist supported living, key worker accommodation and care homes together with community and residential-led town centre regeneration projects that influence well-being. The launch of UKIF follows the receipt of approval by the FCA and investors to transition the AEW...