Industry News

Meridia, the Spanish-based alternative investment manager, has announced the launch of its newest vehicle, Meridia V, after completing a 'healthy' first close, the company said in a statement. Fund V is set to become Meridia's largest fund to date, with a target equity size said to be around €400 million, compared to just above €250 million raised by Fund IV. Fund V is believed to be targeting a second close by year-end and a final one next year. The Fund...

Fiera Real Estate UK, a subsidiary of global investment manager Fiera Capital Corporation with over $124 bn in AUM, has announced the second close of its Logistics Development Fund taking the total amount of equity committed by investors to over £225 million (€260 million). Investors in the Fund are a mixture of LGPS and pension funds from the US, Europe and Asia together with proprietary co-investment. The raise brings Fiera’s total value-add track record to over £1 billion in capital...

Vandor Real Estate, owned by Patron Capital, has appointed Jules Choukroun as CEO to expand its co-living investments in Spain and new European markets. Choukroun will lead the Vandor - Cotown platform, overseeing property acquisitions and capital activities. Choukroun joins from The Social Hub, formerly The Student Hotel, where he led on the company’s investment activity and major transactions across Southern Europe. Launched in 2019, Vandor Real Estate has an AUM of approximately €150 million. It has already acquired 17...

PGIM Real Estate has appointed Cathy Marcus and Raimondo Amabile as co-CEOs of the business. The US company announced Marcus and Amabile will jointly run the platform as they expand existing global and regional roles. In addition, Sebastiano Ferrante has been appointed head of Europe, expanding his existing role as deputy head of Europe, said PGIM in a statement. The changes follow PGIM’s announcement on the formation of PGIM Private Alternatives under the leadership of Eric Adler as the newly...

Real estate investment manager Barings has announced leadership changes within its European real estate team, following the news that Charles Weeks has decided to retire. Nick Pink, currently head of real estate portfolio management Europe, will assume the role of head of European real estate. Pink has over 30 years of industry experience across the UK and EMEA and joined Barings in 2005 where his role has encompassed strategy, transactions, and portfolio management in both equity and debt markets. He...

CBRE has appointed prominent sustainability strategist Julie Hirigoyen as special advisor to its ESG Consultancy. Hirigoyen, the former chief executive of the UK Green Building Council, is expected to bolster CBRE’s capacity to amplify the sustainability ambitions and performance of organisations investing in or occupying real estate. She will provide support to CBRE’s sustainability and ESG consultancy team in the UK, led by Kaela Fenn-Smith. As special advisor, Hirigoyen will focus on anticipating emerging trends and priorities for real estate...

German fund manager KanAm Grund has annonced the appointment of Raphael Schöttler as new head of Financing and Treasury. In his new role, Schöttler is responsible for the further development of the KanAm Grund Group's financing strategy. In addition to financing the portfolio, his activities focus on maintaining existing banking relationships and acquiring new financing partners. He reports to Olivier Catusse, CEO and managing partner of the KanAm Grund Group. He previously held the role of managing director of Loanboox...

Amvest Living & Care Fund has agreed to purchase a portfolio of 22 residential care complexes with around 480 new care homes in the Netherlands for €85 million. The sellers are Dagelijks Leven Vastgoed and Oren Holding, both subsidiaries of the international healthcare provider Orpea Group. The care complexes, which will meet the BENG requirements (nearly energy neutral building), will be completed in 2023, 2024, and the first half of 2025. The first two, the Torenforthuis in Culemborg and the...

Principal Asset Management, through its dedicated real estate investment team, has acquired a fourth data centre asset for the Principal European data center fund I. The fund has completed the acquisition of two freestanding data centres, totaling 7,570 sqm, on the Willsborough Industrial Estate in Dublin for around €10 million. The facilities are currently leased to Verizon Ireland and Vodafone Ireland. The Principal European data center fund I focuses on pan-European manageto-core data centre assets, and currently owns assets in...