Industry News

Professional services and investment management firm Colliers has appointed Luke Dawson as head of global capital markets, on top of his existing role as capital markets leader for EMEA. Dawson joined Colliers in 2004 as director of corporate development with a focus on M&A activity. He then held several leadership roles within the Colliers capital markets business including business development, client engagement, investment sales and overall leadership across Central and Eastern European region. Most recently, as managing director of cross-border...

London-based investment company Icona Capital has acquired a 40 percent minority stake in global real estate player Stoneweg. Financial details were not disclosed. The transaction creates a combined €8 billion platform, which both companies claim exploits their capital sourcing, deal flow origination and asset distribution capabilities. Stoneweg has been identifying real estate opportunities and structuring investment products in Switzerland, Spain, Andorra, Italy, UK, Ireland and the US since 2015. The company has enjoyed a strong period of growth since its...

Unite Students, the UK’s leading provider of student accommodation, has completed the acquisition of Jubilee House, in Stratford, for £73 million. The existing office building full planning consent for a 36-storey scheme, providing 716 beds for students. The development in Farthingale Walk, Stratford, London, will also incorporate 65.000 sqft of academic space, which will be occupied by the London Academy of Excellence (LAE) for an initial 35-year term, through the Secretary of State for Levelling Up, Housing and Communities. Work...

Primonial REIM France has completed the acquisition of the Bloom office building, located in the 12th arrondissement of Paris at 61-69 rue de Bercy, from AXA IM Alts, which was acting on behalf of one of its clients. The transaction was carried out on behalf of funds managed by Primonial REIM France. Financial details were not disclosed. Located at the foot of the Parc de Bercy, the asset comprises almost 15.000 sqm of office space and two retail units at...

Global real estate manager DWS has agreed to acquire the 7R Park Poznan East II warehouse park in Poznan, Poland, for an undisclosed amount from developer 7R. DWS is making the purchase of the fully-let 51.500 sqm complex on behalf of one of its German institutional real estate funds. The warehouse is located 7 kilometres from the centre of Poznan, in the Franowo district. The park boasts a BREEAM Very Good environmental certificate. Source: https://propertyeu.info/Nieuws/DWS-picks-up-major-Poznan-warehouse-park/8833bb99-fd95-4893-8fa8-7d7c737d3cb1, on 12.01.2023

Tikehau Capital, the alternative asset management group, and Carb0n, a Paris-based energy efficiency specialist, have entered into a partnership to finance an energy renovation programme for commercial buildings. The new partnership will seek deploy up to €25 million into the green renovation of commercial real estate assets, such as offices, shops, shopping centres, logistic centres, and hotels. The investment will facilitate the upgrade of energy intensive buildings and includes the financing of last-generation chillers, heating, ventilation, lighting, building management systems...

M&G Real Estate has launched a European property strategy that has attracted significant backing from MN of the Netherlands and an internal fund client. The M&G European Living Property Fund is a European expansion of its €1.5 billion UK Living strategy. In a statement, the company said it aimed to provide institutional investors with ‘attractive risk adjusted returns’ through investment into Europe’s residential sectors – student housing, single and multifamily housing and retirement living. In a major success, the investment...

Invesco Real Estate and Henley Investment Management have joined forces to acquire a prime office building in the heart of Amsterdam. The asset was acquired on behalf of Invesco’s European value-add strategy and funds managed by Henley for a price reported to be around €30 million. The 5.270 sqm office building located at Rembrandtplein in the historic city centre, was sold by funds managed by Abrdn. The building, marketed as Vector House, is currently fully let to the single tenant...

Klimavest, the renewable energy-focused impact fund launched by Commerz Real two years ago, has reached a volume of €1 billion. The fund's portfolio currently comprises 33 operational wind farms and solar parks, as well as 10 solar park project developments in Germany, France, Spain, Finland and Sweden. Klimavest is a European Long-term Investment Fund (ELTIF) and plans to develop a broad-based portfolio of sustainable infrastructure and plants for renewable energy generation. In the medium term the open-ended fund is targeting...