Industry News

BNP Paribas Real Estate today announced that Tom Stanley has been appointed as national head of development & planning as part of the firm’s strategy to capture increasing demand for infrastructure and regeneration project support across the UK. Tom will complement BNP Paribas Real Estate’s existing team totalling 65 people by bringing together the development land and planning functions. He will be based in London and will work closely with Caroline McDade, head of national planning; Paul Nicholls, Head of...

Global investment firm Patrizia has appointed Erik Beets as head of asset management for the Netherlands and Nordic Region. Beets succeeds Hans Vermeeren, who has been appointed head of asset management for the DACH and CEE region. Beets will oversee the strategic direction and operational management of Patrizia's real estate portfolio in the Netherlands and Nordics region, leveraging his in-depth market knowledge and collaborative approach. He will report to Amal Del Monaco, CEO asset management and development European real estate...

Stephanie Hyde, currently UK CEO and Cluster Leader, Northern Europe, will expand her role to be CEO, Markets Advisory, EMEA alongside her UK CEO role, effective 1 July. Stephanie joined JLL in 2021 following over 25 years in professional services. She has extensive experience working with clients from a wide range of industries at a UK and global level. In her leadership roles she’s developed skills and experience in sustainability, technology and business transformation.” Stephanie’s appointment follows the announcement that...

DWS today announced the appointment of Jessica Hardman as Head of its UK-based operations. Jessica will perform this new function in addition to her existing role as Head of European Portfolio Management & Head of UK Real Estate Group. With this appointment, Jessica will also become CEO for DWS Investments UK Ltd, subject to regulatory approvals, and will join DWS’s Global Leadership Team as well as its Investment Leadership Team, effective immediately. Jessica has enjoyed a long and successful career...

European real estate fund manager Patron Capital has extended its relationship with developer Inbright with a new venture to invest in sustainable light industrial assets in Germany. Patron Capital is providing the capital to enable Inbright to acquire properties for the newly launched platform that seeks to own a portfolio of around €250 million over the next three years. The platform intends to acquire assets primarily in Germany’s top seven regions of Berlin, Hamburg, Munich, Stuttgart, Cologne, Frankfurt and Düsseldorf...

Revelop continues its strategy to source industrial assets in sub-markets with strong structural growth. The assets are acquired in two separate transactions and are located in existing clusters, contributing to strengthen Revelop’s position in two of its prioritized sub-markets. Both assets are fully let at acquisition. In Stockholm Revelop acquires an industrial asset - Köksmästaren 2 and 3 - in the fast-growing sub-market Lindalen in Tyresö. The area has an excellent last mile logistics location due to its distribution opportunities...

Neinor Homes has sold Sky Homes to Savills IM for c.€66 million. In this transaction, Savills Capital Markets Living Team acted as an advisor to the seller. Furthermore, as part of the agreement, Neinor will continue to manage the asset through its asset management subsidiary, Renta Garantizada. The indirect sale of the two properties located in Valencia has a total of 209 apartments and 4 retail units. This development is part of a bigger scheme where Neinor has successfully sold...

Boreal IM and Cadillac Fairview’s European logistics investment joint venture has added a €45 million asset in Spain’s capital to its portfolio. The joint, created last year, has acquired a 54,500 square metres warehouse currently under development in Alcalá de Henares, Madrid from Pavasal. Construction of the warehouse is expected to complete by the end of 2024. The deal represents the partnership’s third acquisition in Spain, a country the venture expanded into in January this year. Previous deals in Spain...

CBRE Investment Management is acquiring a 16,874 square metres residential asset Sweden’s capital from Sveaviken Bostad. The global real assets investment manager said it has agreed to buy the new residential asset in Barkarbystaden, Stockholm on behalf of one of its funds. IPE Real Assets understands that the manager is paying around €73 million to buy the fully-let asset, which includes 350 affordable residential units, 105 garage units and 2,547 square metres commercial area on the ground floor. Barkarbystaden is...