Industry News

Global real estate fund manager Round Hill Capital has acquired, in separate transactions, two multifamily properties in Greater Berlin for a combined total of around €100 million. The investments have been made on behalf of Round Hill Capital’s European Residential Income Fund II (ERIF II), which now owns over 3,000 units across Denmark, Germany, Ireland, Spain, the Netherlands and Finland. Construction of both assets completed in 2024, and comprise predominantly one-bed apartments. Source: realassets.ipe.com on the 12th of February https://realassets.ipe.com/news/round-hill-capital-invests-100m-in-german-residential-assets/10128797.article

Garbe Industrial Real Estate has partnered with global real estate investor and manager SFO Capital Partners for a third time to develop and manage a 22,000 square meters logistics facility in Italy. The partnership, which also includes a pan-European fund managed by Edmond de Rothschild REIM , will develop the MilEast Logistics Park on a brownfield site in the Milan metropolitan area acquired in October 2024. Garber Industrial will act as developer and property manager. The MilEast Logistics Park in...

Crossbay, the pan-European urban logistics platform of private equity real estate manager MARK , has acquired a 65,000 square feet UK asset to its portfolio. IPE Real Assets understands that Crossbay acquired the single-let warehouse in Dartford from investment firm Abrdn for approximately £13 million (€15.6 million). With this acquisition, Crossbay’s UK portfolio has now exceeded 1million square feet. Crossbay’s European logistics portfolio, now exceeding 5 million square feet, includes assets in the UK, Benelux, Germany, France, Italy and Spain...

Almar Rietberg has been appointed head of client solutions. In this role, he will be responsible for providing services to pension funds, insurers, and charitable institutions in real assets such as real estate, infrastructure, forestry and agriculture. Additionally, Rietberg will take over the management team position from Jeroen Winkelman. Winkelman will continue to contribute to ASR Real Assets investment partners . Since 2018, Rietberg has been employed at Goldman Sachs Asset Management and its predecessor NN Investment Partners. As executive...

Real estate manager AEW has added a 6,500 square meters asset in France to its ULLIS urban light industrial platform. AEW said the acquisition of the last-mile light industrial asset in Lesquin expands the ULLIS portfolio to over 150,000 square meters of last-mile industrial and logistics space across Europe. The property, built in 2018, includes 6,500 square meters of industrial space, with about 500 square meters designated as office space. The current tenant is expected to vacate the premises later...

Property firm Sirius Real Estate is adding a 37,000 square meters business park to its German portfolio. Sirius said it has agreed to acquire the business park in Reinsberg in Saxony for €20.4 million, representing a 6% EPRA net initial yield after purchase costs. The asset is 75% occupied, with a 25% vacancy rate, Sirius said, adding that the vacancy rate offers the potential to increase value by leasing the available space, while the existing occupancy provides substantial immediate income...

Swedish real estate group Humlegården Fastigheter has acquired the FENIX office building in Stockholm from Invesco Real Estate . Invesco Real Estate, through its local partner Fokus Nordic, said it has sold the fully-let 20,543 square meters Skålen 30 office asset in Hagastaden, without disclosing financial details. Originally built in 1974 and acquired by Invesco Real Estate in 2019, Skålen 30 underwent a complete rebuild, refurbishment and extension between 2020 and 2024. Source: realassets.ipe.com on the 3rd of February 2025...

Catella Real Estate AG (CREAG), from January 1, 2025 forming Catella’s new format of fund investment platform together with Catella Investment Management GmbH (CIM), advised by local operating partner Aquila Asset Management SAS (Aquila), acquires three stabilized new logistics properties with a total lettable area of approximately 18,750 square meters in the French cities of St. Etienne and Avignon for the special AIF "Catella Logistik Deutschland Plus" (CLD+). The seller of the fully let properties is the French developer Vectura...

Kennedy Wilson is acquiring a portfolio of 262 single-family homes from UK property developer Wavensmere Homes. The portfolio, in the Midlands, consists of 131 homes currently under construction at Wavensmere Homes’ Friar Gate Goods Yard redevelopment in Derby city centre and 131 homes at the company’s Wolverhampton Canalside South site, where construction is about to begin. Financial details were undisclosed. Source: realassets.ipe.com on the 30th of January 2025 https://realassets.ipe.com/news/kennedy-wilson-buys-262-single-family-uk-homes-from-wavensmere-homes/10128515.article