Industry News

Global investment giant AXA IM Alts has appointed Filipe de Sá Pessoa to the role of head of development, Germany. De Sá Pessoa, who is based in Frankfurt, brings 15 years of experience in real estate development, investment management and design. He will be responsible for leading AXA IM Alts’ development activity across Germany, as well as further expanding the business and strengthening AXA IM Alts’ network of partners. Prior to joining AXA IM Alts, he spent nearly five years...

CBRE Investment Management has appointed Chris Burgess as ESG lead for indirect real estate. The appointment is part of CBRE IM’s sustainability vision, which focuses on bringing positive change across the firm’s global indirect investments. Burgess joins from ESG consultancy Evora Global, where he developed ESG strategies for international real estate investment companies. Since 2007 he has spent his career in the sustainability space, including working on development practices across major infrastructure and real estate construction projects for engineering consultancy...

Candriam Group, a New York Life Investments Company, today announced that it has reached an agreement to purchase an additional 31% interest in pan-European real estate investment manager Tristan Capital Partners, taking its total investment to 80% by mid-2023. The remaining 20% of Tristan will continue to be held by its senior team, ensuring the long-term alignment of interests and continued incentivisation of its growing team. Tristan, which manages over € 15 billion of assets for institutional and private investors...

The Catella Elithis Energy Positive Fund (CEEPF) has acquired a 64-apartment project in Mulhouse, north-eastern France, to be developed by its partner Elithis Groupe, the French sustainable engineering company. The real estate investment vehicle focuses on residential developments which produce more energy from renewable sources than is used by the buildings and tenants. The low-carbon energy-efficient Elithis Towers produce energy from solar panels on the roofs and facades. CEEPF invests as a ‘dark green’ Article 9 impact fund, under the...

AXA IM Alts has acquired The Ridge, a modern 300 unit multifamily residential complex in Delft, The Netherlands. Delivered in two phases in 2018 and 2020, the building comprises a mix of semi-furnished and furnished apartments and studios, over five floors. Residents benefit from a range of high-quality amenities including an in-house gym and sauna, lounge areas, as well as a private common garden that runs alongside a canal. The Ridge is currently fully occupied by a mix of young...

PineBridge Benson Elliot, the UK-based pan-European real estate fund manager, alongside a 50% institutional JV Partner, have subscribed to 100% of the units in a newly structured Italian real estate investment fund (“ER Logistics Fund 5”), managed by Europa Risorse SGR (“ER SGR”), a Bank of Italy regulated fund manager. ER Logistics Fund 5 owns a 197,000 sqm site in Torrazza Piemonte, northeast Turin. Acquired off-market from a local construction company, the site represents the first investment in a strategy...

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) Germany has acquired on behalf of the Eurozone Logistics Fund (ELF), a fully let logistics asset located in Schemmerlstraße in Vienna’s eastern Simmering district, in Austria. Amazon Transport Austria GmbH has been the main tenant at the property since its completion in early 2021/summer 2022. Ideally situated in the Austrian capital, Amazon uses the site to provide last-mile logistics services to residents of the city and region. The logistics asset boasts...

Global investment giant AEW has acquired Schiessstraße 61, a fully occupied, multi-let office building located in the office submarket of Linksrheinisch in Düsseldorf, Germany. The asset was acquired on behalf of one of AEW’s funds. Financial details were not disclosed. The five-storey building, which comprises 4,400 sqm of flexible rental space was originally built in 1953. In 2021, a renovation was undertaken including modernising the entrance hall and staircase, and installing energy saving (LED) lighting. The asset is fully let...

Bouwinvest Real Estate Investors has received a combined €288 million in commitments for two of its Dutch funds from new and existing investors. The company raised €196 million for its Office fund with the remaining €92 million allocated to its Residential fund. The decline in stock and bond prices last year triggered the ‘denominator effect’ of higher relative institutional allocations to real estate, thus exerting pressure on new commitments to property. Rising interest rates and construction costs, as well as...