Industry News

Tikehau Capital, Almond Real Estate and Elix have teamed up to invest in residential assets in Spain’s capital. The real estate investors have created an investment strategy to buy and refurbish residential units in urban areas in Madrid. The refurb-to-rent investment strategy will buy vacant assets on a one-by-one basis with the aim of building a substantial portfolio, the companies said. Tikehau Capital is acting as a significant shareholder in the newly created venture. Source: realassets.ipe.com on the 19th of...

ECE invests in another project in Italy and realizes its first residential development project in the country with a residential complex in Rome. Together with local partners, ECE Work & Live develops, plans and realizes an exclusive residential complex in a park-like location with a total of about 160 apartments in six buildings on an area of 45,000 metres squared in the west of the Italian capital. The investment volume amounts to more than €65 million. Construction is scheduled to...

UK social infrastructure investment manager Newcore Capital has acquired seven assets in Greater London and neighbouring commuter towns for £25 million (€29 million) on behalf of its fifth fund. The transaction follows the £190 million (€218 million) final close for Newcore Special Situations V (NSS V), which is backed by investors including Merseyside and Clwyd local government pension schemes, two European fund-of-funds managers, insurance and corporate pension schemes, family offices and high-net-worth individuals. The assets purchased in Greater London include...

Developer Daiwa House Australia has formed a partnership with Lendlease to develop a $650 million (€394 million) build-to-rent (BTR) project in inner Melbourne. The development at Flinders Street, will be the second BTR residence to be delivered by Lendlease in Australia as it continues to expand its international capability in its home market. Lendlease which will develop, construct and act as the investment manager for the development, will retain a 25% interest. The development, which offers almost 800 apartments, forms...

Deutsche Finance International has entered into a joint venture with UK diversified real estate investment company Argo Real Estate to build a UK urban logistics platform for €469 million in asset value. The venture has been seeded with 11 existing assets across the Southeast of London and Manchester acquired through two separate portfolio transactions, covering approximately one million square feet in total area. The first deal closed in May and comprised six assets purchased from Tesco Pension Investment for €109...

Niam Infrastructure has secured a €127m third closing for its Nordic infrastructure fund, with a significant commitment from the European Investment Fund (EIF). The EIF's cornerstone investment of €63m, supported by the InvestEU program, could increase to €75m in subsequent closings. The fund currently holds nine investments across four sectors and aims for a €200m final close by end of 2023. With the third close of the Niam Infra Fund (“NIF”) NIF has more than doubled its commitments which enables...

Alternative investment manager AXA IM Alts has appointed Laurent Lavergne to the newly created role of global head of sustainability, with effect from 1 October. Reporting to global head of AXA IM Alts, Isabelle Scemama, Lavergne will be responsible for developing and implementing the firm’s sustainability strategy across all business lines, including real estate, infrastructure, alternative credit and natural capital & impact investments. He will also be a voting member of the investment committee for direct investments (real estate and...

Property adviser CBRE has appointed Brendon Frye as senior director within its capital markets team, charged with coordinating international capital into all real estate sectors across the UK. He will report into Chris Brett, head of capital markets, Europe and James O’Neill, head of equity placement, capital advisors, working across CBRE’s capital markets division. Frye joins CBRE from Eastdil, where he was a senior vice president. Prior to that he was a director in CBRE’s international capital markets team, focusing...

Caerus Debt Investments has further strengthened its team with the addition of Ralf Verwiebe as an investment manager. He will be primarily responsible for expanding Caerus' business with international clients, as well as origination, structuring, and process management of complex finance agreements. With over 20 years of experience in the real estate industry, including 15 years in real estate banking, Verwiebe brings a wealth of expertise to Caerus. Prior to joining the company, he worked in the real estate finance...