Industry News

Leading diversified professional services and investment management company, Colliers, announced today that it has entered into an affiliate agreement with the leading real estate advisory and management firm, Arbitrage Real Estate SA (Arbitrage), based in Athens, Greece. Under the agreement, Arbitrage will create a new operation, Colliers Greece, to represent Colliers brand with expert services in the country. Source: Colliers.com on the 1st of February 2023 https://www.colliers.com/en-nl/news/20230201-colliers-grows-emea-services-with-affiliation-in-greece

Tristan Capital Partners’ TIPS One "Income Plus" Real Estate Debt Fund has provided €58 million of senior debt financing to 1Box for the refinancing of a portfolio of self-storage assets in the Netherlands. The portfolio comprises 18 self-storage assets with 67,000 square metres of lettable area, geographically spread across the Netherlands, assembled through the acquisition of single assets and smaller portfolios and through the conversion of properties from other use classes. The funding has been provided to refinance and consolidate...

Generali Real Estate has hit the market with its follow on real estate lending fund, Generali Real Estate Debt Investment Fund II (GREDIF II). The Italian giant said it had slated a target size of €1 billion to make senior debt investments with a loan-to-value of up to 60% and variable rates. It also said the new vehicle was a SFRD Article 8 fund. Source: propertyeu.info on the 1st of February 2023 https://propertyeu.info/Nieuws/Generali-guns-for-1b-debt-fund-closes-first-deal-in-France/aad486ee-5d52-492e-b236-3432df96e89b

Pan-European institutional investor Patron Capital, in partnership with warehouse developer 7R, have sold a logistics asset in Goleniów, Poland to an undisclosed institutional investor for €22 million. Constructed for Hultafors Group in 2021 on a ‘build-to-suit' basis, the 30,000 square metres warehouse is located close to the Polish-German border in Goleniów near Szczecin, Poland’s seventh-largest city known for its seaport that connects with the Baltic Sea. Source: Propertyeu.info on the 6th of February 2023 https://www.propertyeu.info/nieuws/Patron-Capital-and-7R-divest-Polish-warehouse-project/280000a5-1ea7-4e9f-9147-b3f3e047917b?utm_source=dlvr.it&utm_medium=twitter

The Royal Mail Pension Plan (RMPP) has selected BlackRock to manage its £8.8 billion (€9.9 billion) pension scheme assets as an outsourced chief investment officer (OCIO). Members of RMPP’s investment team will move to BlackRock and continue to manage the scheme’s investments, while benefitting from the scale execution and risk management capabilities of a full-service asset manager, and supported by its expertise and technology resources, it was announced. Source: IPE.com on the 2nd of February 2023 https://www.ipe.com/news/uk-roundup-royal-mail-pension-plan-picks-blackrock-for-88bn-ocio-mandate/10064866.article

La Française Real Estate Managers (REM) acquired a portfolio of 38 Grand Frais stores located in mainland France as part of a share deal with a valuation of the real estate assets of approximately €190 million from Abénex, acting for the investor account. The portfolio had previously been acquired in 2016 by an OPPCI managed by Abénex, as part of a proprietary transaction. The team ensured the pro-active management of the 38 stores since the acquisition, in particular by maximizing...

German investment manager HIH Invest Real Estate has acquired a logistics property development in the Dutch town of Zwolle. Financial details were not disclosed. The acquisition took the form of an asset deal on behalf of HIH Deutschland+ Core Logistik Invest, an open-ended special AIF. The seller is Bouwbedrijf Aan de Stegge Twello. Construction work for the 23,009 square metres warehouse on Oldenburgstraat in the Hessenpoort trading estate is scheduled to start in March of this year and expected to...

Real estate investor Altera Vastgoed has received a commitment from a Dutch pension fund to invest €170 million into the Altera housing fund. Altera’s current residential portfolio consists of 5,762 homes, 70% of which are in the affordable rental category up to €1,200. Moreover, up to 7,000 new houses could be added in the coming years thanks to new construction projects, which include care homes in Leiden, single-family homes in Almere, and mid-market rental developments in Utrecht, Amsterdam, and Zaandam...

A joint venture of JP Morgan Asset Management and Sydneylisted Cromwell Property Group has sealed the acquisition of the fully leased Panattoni Park Hamburg from developer Panattoni and investor Kajima in a deal said to be worth just under €100 million. Panattoni delivered the asset in the fourth quarter of last year. Located to the north of Hamburg in one of the strongest economic regions in Germany, the park consists of five halls plus externally leased parking spaces totalling 80,163...