Industry News

Logistics specialist Clarion Partners Europe has acquired three distribution warehouses in Widnes, UK on behalf of a commingled fund client, as it continues its renewed expansion in the UK. Financial details were not disclosed but CoStar reported a deal volume in the £90 mln (€105 mln) range. With a combined area of 708,000 ft2 (65,780 m2), the newly constructed facilities were purchased from KKR Real Estate Partners Europe II Fund and Mirastar, KKR Real Estate’s industrial and logistics platform in...

KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, are investing in a last-mile logistics property in Stockholm. The off-market acquisition is the first in Sweden for KKR and Mirastar, and the second in the Nordics this year for KKR through its European Core+ Real Estate strategy, following the acquisition of a residential portfolio in Finland in May. The new owners said they had bought a property of around 12,500 m2 of new build with strong ESG...

Real estate investor and fund manager Cromwell Property Group has completed the sale of the Piazza Affari 2 office building in Milan on behalf of Cromwell European REIT (CEREIT). The transaction marks the first major step in CEREIT’s previously stated strategy to divest non-core and non-strategic assets over the next 2-3 years to recycle into CEREIT’s redevelopment and asset enhancement programme. Built in the 1930s and partially refurbished in 2017, Affari is an office building located in the heart of...

Global real estate investor, developer and property manager Hines has acquired Film House, in the West End of London, on behalf of its Hines European Value Fund 3 (HEVF 3). Financial details were not disclosed. Film House is a landmark building with 94,000 ft2 (8,730 m2) of office and 9,000 ft2 of restaurant space in Wardour Street and marks HEVF 3’s third investment. Situated within London’s Soho area, the vacant office building will be refurbished by Hines to comprise high...

AM alpha, the German family office, has acquired for an undisclosed price, a 1,100 m2 office from SCI Premium Funding, a property company managed by Edmond de Rothschild REIM (France) on behalf of a German pension fund client. The property is located in the 7th arrondissement, the political and cultural heart of Paris, opposite the Musée du Louvre on the left bank of the Seine and is fully let to a single tenant. Originally built in 1869, the Hôtel Particulier...

Sean McLachlan has been appointed senior investment director to the investment manager’s sustainable infrastructure team. McLachlan joins from Aviva Investors, where he was senior director for over seven years, with roles including fund manager across the infrastructure equity investment mandates. Previous roles also included over 10 years as investment director at Balfour Beatty Investments, where he led investments across a breadth of infrastructure sectors including energy and renewables, utilities, transport and digital telecommunications. Reporting to Robert Skinner, head of sustainable...

Redevco has appointed Benoît van Haare Heijmeijer as transaction manager France, with effect from June 1st. Benoît will maintain the same role in the Belgian and Luxembourg markets, which he has held for the past six years. Benoît will report to Adam Starr, Head of Global Transaction Management for Redevco. Van Haare Heijmeijer started at Redevco as development manager Belux in 2017 and was involved in transactions from inner-city retail High Streets to out-of-town shopping centres, as well as working...

JLL has appointed Sebastien Giordano as Country Leader of Belgium and Luxembourg (Belux). Sebastien, currently Head of Project & Development Services (PDS) for Belux is extending his responsibilities and taking over the leadership of both markets. He succeeds Kasper Deforche, who has decided to pursue new career opportunities and will leave the company in September 2023. Based in Brussels, Sebastien joined JLL in November 2022 and has been instrumental in leading and strengthening JLL’s PDS business. Sebastien brings 20 years...

CBRE has named Lukasz Kaledkiewicz as the head of advisory and transaction services in Central and Eastern Europe and South East Europe regions. He will be responsible for further integration of CBRE’s business lines regionally and for strengthening cooperation between individual countries in the two regions. Kaledkiewicz was already the head of advisory and transaction services business line in Poland, responsible for the entire office sector and a member of CBRE’s operating management board in the country. Units currently reporting...