Industry News

Pan-European real estate investment manager Boreal IM has strengthened its asset management and finance teams with the appointment of Marcel den Adel, William Preece and Denise Crawford. Den Adel, who will be based in the Netherlands, was most recently a Regional Director at Mileway and joins as Principal. He will be responsible for managing Boreal’s Dutch assets, currently numbered at 22 following the acquisition of two portfolios last year. Preece, who joins from UK logistics developer and asset manager Canmoor...

Spanish residential developer Neinor Homes has sold a 146- unit (build-to-rent) asset to a joint venture consisting of Harrison Street and DeA Capital for an undisclosed price. Neinor will continue to manage the asset for one year through its subsidiary Renta Garantizada. Fully completed in Q2 2023, Soto Rental Homes consists of two identical buildings with 30 lofts, 68 two-bedroom and 48 three-bedroom apartments, while amenities include a swimming pool and vertical gardens, a state-of-the art gym, dedicated playground areas...

BNP Paribas Real Estate Investment Management (REIM) France has acquired an off-plan residential building located 341 boulevard Jean-Jacques BOSC in Bordeaux (33), on behalf of Danish investor PFA Pension. The asset is a residential building with a total surface area of 3,800 metres squared that will be developed by Marignan and delivered during Q3 2024. It will be composed of 55 flats divided between two buildings, with a range of units from studios to 5-room apartments, with balconies and terraces...

Clarion Partners Europe, the real estate investment fund manager specialising in logistics and industrial assets, has acquired - on behalf of one of its commingled funds - a portfolio of five modern, institutional-quality logistics properties across Germany, totaling 251,793 metres squared. The portfolio was acquired from funds managed by Blackstone. This acquisition takes Clarion Partner Europe's total deployment since March this year to €428 million. The portfolio consists of five modern, Grade A logistics assets with strong ESG credentials. -...

La Française Real Estate Managers (REM) has acquired an office building in Bochum, Germany from Landmarken. La Française REM, acting on behalf of its funds, said it has bought the six-storey office building located at Suttner-Nobel-Allee 7 for an undisclosed amount. The fully leased 5,290 metres squared building was completed at the end of 2022. Source: realassets.ipe.com on the 11th of July 2023 https://realassets.ipe.com/news/la-francaise-adds-bochum-office-building-to-germany-portfolio/10067777.article

Ofi Invest Real Estate has acquired, on behalf of one of its clients, an office building - Cube 10, located in Hamburg. The asset was sold by a fund managed by Amundi Real Estate. The purchase price was not disclosed. Cube 10 offers 9,500 metres squared of flexible office space and is fully let, with an average remaining term of around five years. The building also offers a good growth potential in terms of rent, considering its high-quality spaces and...

Threestones Capital acquires an additional clinic/nursing home facility located in Uhlstädt-Kirchhasel in the district of Saalfeld-Rudolstadt, Thuringia, Germany, for its TSC Fund - Eurocare IV investment vehicle. The building named “Klinik an der Weißenburg” has 11,263 metres squared of leasable area with a total of 210 beds split into 80 rehab units (orthopaedics and oncology), 80 rheumatism units and 50 beds for in-patient nursing care. The property is operated by Sonic Healthcare, an internationally renowned healthcare provider with a demonstrated...

Coima Sgr has won a public tender called by the City of Milan for the sale of the Largo De Benedetti complex in Porta Nuova for €30.5 million. The lot includes the property complexes located in Largo De Benedetti and Via Messina. The part in Via Messina includes a built-up area with a land area of 3,132 metres squared with a productive and artisan destination, while the real estate complex in largo De Benedetti includes two buildings spread over 3,129...

HIH Invest Real Estate acquired another day nursery (daycare centre), this one located in Leipzig, for its “HIH Zukunft Invest” open-ended institutional fund. The two-storey property at Clara-Wieck-Strasse 9 provides 1,638 metres squared of lettable area to accommodate 165 children. In addition, after-school care places for school children of up to ten years of age are available in the afternoon. The outdoor area covers about 1,800 metres squared on a plot of 3,134 metres squared. The day nursery at Clara-Wieck-Strasse...