Industry News

Nrep has established a joint venture with a German family office to build up a sustainable logistics portfolio in Germany. The first joint project is a 18,500 metres squared brownfield development in Mannheim. Nrep's logistics property development and management platform Logicenters and German investment and Cologne-based asset management company evolutiq will act as developers and asset managers for the joint venture. Evolutiq acquired the 28,000 metres squared development site at Friesenheimer Strasse 2-4 in Mannheim's Bonadieshafen. The property will be...

Czech industrial real estate investor Accolade Group, in an investment of €55 million, has completed its first warehouse park development in The Netherlands, its fifth foreign market. Park Venlo South, which is being developed on the site of a former gravel factory in Roermond, close to the city of Venlo in the southeast of the country, comprises two buildings with a total area of 43,000 square metres. The tenant of one of these, an 18,000 square metres hall, is US...

Savills Investment Management, has acquired two new Aldi supermarkets in Spain for its European food retail strategy. The purchase price was not disclosed. The first supermarket in Alzira, Valencia was acquired from developer Ten Brinke at the end of June and comprises around 1,660 square metres of lettable space. The asset benefits from growing local demand for food retail and has leading food retailer Aldi secured as a long-term tenant for the entire space. Eversheds Sutherland, Arcadis, and PwC acted...

A partnership between Norges Bank Investment Management (NBIM) and AXA France is selling a €130 million office asset in France’s capital to a group of investors including La Française. NBIM, which holds a 50% stake in the Memphis property located on 109-111 avenue de France in Paris, said the 14,414 square metre building has been sold to a partnership between La Française’s LF Grand Paris, Epargne Fonciere and EDF in a deal expected to be completed by the end of...

DTZ Investors has acquired a prime London supermarket, let to Sainsbury’s, for £56,250,000. Knight Frank acted for DTZ Investors whilst Savills acted for the vendor, Lothbury. The site totals 2.5-acres and is entirely demised to Sainsbury’s who has been in continuous occupation since 1984. The building is EPC B-rated and comprises 67,426 square feet, of which 35,000 square feet is sales area along with a large 131-space surface car park. Sainsbury’s has recently agreed a new 20-year reversionary lease taking...

Industrials REIT, the UK multi-let industrial (MLI) property company, has promoted Julian Carey, current managing director, to the role of CEO. The promotion follows the decision by Paul Arenson, Industrials REIT’s current CEO and founder of the business, to step away from the day-to-day running of the company to focus on his other business interests, while remaining as a senior strategic adviser to the firm. Arenson founded the company in 1995 and led the listing of its property portfolio, then...

BNP Paribas Real Estate has appointed Jean-Maxime Jouis as global head of investment management at BNP Paribas Real Estate as of 10 July. Jouis will head the business line BNP Paribas REIM and has been appointed a member of the management board of BNP Paribas Real Estate. A graduate of ESSEC business school, Jouis joined BNP Paribas REIM France in 2007, where he successively held the positions of asset manager, fund manager, head of fund management, global head of fund...

Pan-European industrial and logistics specialist CTP has appointed Peter Cerešník as chief operating officer (COO). Cerešník joins CTP Group from international office developer HB Reavis in Slovakia, where he served on a group level in the executive management team and the board of directors overseeing the development of business projects and product innovations across all European markets. His key role functions at CTP will cover responsibility for overall growth, realising the company’s construction GLA and occupancy targets, developing CTP’s energy...

Real estate investor Altera Vastgoed hires Janneke Pruijsen for their team. Janneke Pruijsen started as Manager ESG on 1 June 2023. After obtaining her Master’s in Sustainable Business and Innovation, Janneke joined Plus Projects as Sustainability and Innovation Consultant. Her focus was on technical innovation, circularity and sustainable construction. While in employment with Plus Projects Janneke was a junior researcher at the Copernicus Institute of Sustainable Development, making a significant contribution to a publication that studied ways of promoting the...