Industry News

Peter Flanagan, 48, who specialises in Real Estate Investment, providing sale, acquisition and asset management advice across all Property sectors has been appointed Managing Director of the Irish entity of BNP Paribas Real Estate . Already Head of the Capital Markets division, Peter will expand his scope to encompass the management of the Irish entity. Prior to his appointment at BNP Paribas Real Estate, Peter held the position of Director in the Knight Frank Capital Markets team. Previous to that...

Schroders Capital , the private market investor, has promoted Nick Montgomery to the role of global head of real estate, subject to regulatory approval. The appointment has been made alongside the formation of a new leadership team to further strengthen its real estate capabilities and client proposition. Montgomery, who is currently head of UK real estate, will take over from Sophie Van Oosterom following an orderly transition. Van Oosterom is leaving Schroders to head up global real estate investments at...

Swedish housing firm Willhem has acquired a SEK618 million (€54.7 million) residential property in Stockholm from a fund managed by Slättö . Nordic private equity real estate investor Slättö said the asset sold comprises 232 newly built apartments in Vega, Haninge. Source: realassets.ipe.com on the 30th of September, 2024 https://realassets.ipe.com/news/sl%C3%A4tt%C3%B6-fund-sells-sek618m-residential-property-to-willhem/10075927.article

Norges Bank Investment Management has agreed to acquire a 65 percent interest in the office component of the property Les Ateliers Gaité, located in central Paris, through its partnership with Swiss Life Group. The agreement was signed on 30 September, with completion expected in the fourth quarter of 2024. Norges Bank Investment Management will pay 112.1 million euros for its 65 percent ownership interest, valuing the property at a gross price of 172.5 million euros. The asset will be unencumbered...

Panattoni today announces the launch of a pan-European fund that will invest in modern, sustainable, income-producing logistics properties. The Panattoni Income Fund is aiming to raise €300 million of equity by 2026 and acquire €600 million of assets, developed and managed by Panattoni. Panattoni’s owners and management team will be co-investing. The fund will acquire stabilised assets and forward-purchase pre-let developments, all with the highest sustainability ratings, in countries where Panattoni operates, including Central and Eastern Europe, (particularly Poland), UK...

Areim acquires its second light industrial property in Oslo, Norway. The property is located on Østre Aker vei 60 in Hovinbyen just outside Oslo city centre with approximately 21,000 sqm of lettable area on a 27,000 sqm land plot. The Hovinbyen area is the largest redevelopment area in Oslo and is expected to add approximately 60,000 new residents and up to approximately 100,000 new workplaces in the coming years. The property is fully let to a mix of attractive tenants...

PGIM Real Estate has provided a senior loan of over €300 million to a leading European logistics platform to finance a portfolio across Germany on behalf of its European Core Debt investment strategy. PGIM Real Estate is the US$206 billion investment firm of PGIM and is the third-largest real estate firm globally. The portfolio consists of high-quality, geographically diversified arterial logistics assets totalling more than 510,000 square metres, with construction dates ranging from 2004 to 2022. The German logistics market...

The investment manager KINGSTONE Real Estate (“KINGSTONE RE”) launches a new open-ended institutional real estate fund that will invest in affordable housing in Germany. It will have a projected fund volume of 500 million euros, with equity capital to account for c. 250 million euros thereof. The fund’s net cash-on-cash return is expected to average between 4.0 and 4.5 percent annually. The plan is to invest in energy-efficient new-build housing construction. At least 60 percent of the investment volume is earmarked...

Global real estate advisor, CBRE , has appointed Mason Gillard-Ellis as a Senior Director in its UK & European Living team, specialising in Purpose Built Student Accommodation (PBSA) portfolio Capital Markets. He will work closely with Oli Buckland, Head of PBSA Investment in the UK and will report into Andrew Saunderson, Head of UK Residential Capital Markets. In his new role, Mason will be responsible for the origination and execution of pan-European portfolio sales and acquisitions in the PBSA sector...