Industry News

Schroders Capital has acquired the NH Collection Milan CityLife hotel on behalf of one of its pan-European hotel funds from Invesco Real Estate . The sale has allowed Invesco’s flagship European Hotel Fund to capture the strong performance delivered by the hotel since it was completed in 2022 and release capital for reinvestment. Developed around a former church dating back to the 1930s and located in Milan’s Citylife business district, an area with limited direct competition, the NH Collection Citylife...

Union Investment has sold the hotel and office property at Holstenkamp 1-3, Kieler Strasse 143-147 to the Plaza Hotelgroup from Heilbronn. The building had been part of the portfolio of the open-ended real estate fund immofonds 1, which is marketed exclusively in Austria, since 2015. The parties have agreed not to disclose the sales price Built in 1998, the mixed-use building in the north-west of Hamburg delivered stable income for the fund over the holding period of around ten years...

HIH Invest Real Estate (HIH Invest) has acquired the office building WEST.SIDE – EMBER at Václav-Havel-Platz 6 in Bonn on behalf of a separate account mandate for an institutional investor. The seller of the property, which was completed in the first quarter of 2024, is a major Swiss real estate investor. Of the total 11,241 square meters of rental space, 9,383 square meters are designated for office use, 1,443 square meters for storage and server space, and 415 square meters...

Revelop has completed the acquisition of Vildanden 8 - a social infrastructure asset with approximately 8,000 square meters of leasable area located in Limhamn, one of Malmö’s fastest-growing districts. The asset represents a strategic add-on acquisition to Revelop’s existing portfolio in the Öresund region. Source: press release

Swedish real estate investor Revelop, announces that the final closing of its sixth flag-ship value-add fund was affected as of end of December 2024. With SEK 3.8 billion (€330 million) in equity commitments the fund is the largest in the firm's history. Revelop VI was significantly oversubscribed to its SEK 3 billion target in a challenging fundraising environment and hit the hard-cap within one year of its first close. Source: press release

Mike Bryant has taken on the role of sole global head of real estate as Karim Habra, who assumed a co-head position a year ago, plans to depart the firm. The leadership restructuring of the real estate division follows the firm’s acquisition of Empira Group. As part of this transition, Habra has decided to step down as global co-head of real estate to explore new opportunities. His departure date is yet to be determined. Bryant is a member of the...

PGIM Real Estate ’s UK affordable housing strategy has expanded its portfolio with three singlefamily housing transactions. PGIM is acquiring 73 new homes in Littlehampton, West Sussex, and is expanding the portfolio with two additional acquisitions in Exeter, Devon, and St Austell, Cornwall. Financial details of the transactions were not disclosed. PGIM Real Estate’s UK affordable housing strategy acquires and operates single-family rental homes at affordable rents, providing housing for working families and co-renters. Source: realassets.ipe.com on the 13th of...

Ward van de Braak will join Achmea Real Estate (ARE) on 1 March 2025 as Director Transactions & Developments. He will lead the team responsible for acquisitions, divestments and real estate development for ARE's institutional clients. Ward van de Braak succeeds Frank Vellinga, who has held the position of Director Transactions & Developments on an interim basis. Frank Vellinga will remain with the team as Senior Transaction Manager. Source: press release

Real estate investor Altera , on behalf of the Altera Residential Fund, is taking the next step in its strategic partnership with BAM Wonen by boosting the sustainability of 47 ground-level homes in Voorhout. These homes, built in the 1980s, are being upgraded as part of Altera’s ambition to make its residential portfolio Paris Proof by 2040. The redevelopment work is due for completion in the summer of 2025. The project will bring the energy label for these properties up...