Industry News

Logistics real estate fund manager Clarion Partners Europe has boosted its German presence with the acquisition of a 100,000 square meters warehouse in Dieburg, near Frankfurt. The property was purchased from German investment manager Union Investment, for one of Clarion's co-mingled funds. The Hamburg-based investment manager held the property in the portfolio of one of its open-ended funds for 10 years. At the time of construction, the project was valued at €50-60 million. Completed in 2015, the fully generic warehouse...

Sophie van Oosterom is to leave Schroders to head global real estate investments at Canada Pension Plan Investment Board (CPP Investments). Van Oosterom, who has been global head of real estate at Schroders since 2021, will be replaced by head of UK real estate Nick Montgomery. CPP Investments, a C$646bn (€428bn) Canadian pension fund with C$45.5bn in real estate assets, has been searching for a replacement for a new global head of real estate after the departure of Peter Ballon...

Goldman Sachs Alternatives, investing through its vintage strategies, has backed Greykite ’s European real estate fund. The Greykite European Real Estate Fund I has secured a limited partner (LP) commitment from the vintage strategies at Goldman Sachs Alternatives. While the exact amount is undisclosed, it is understood to be approximately €50 million. The Goldman Sachs vintage strategies provide liquidity solutions to private market LP investors and general partner fund managers. In June this year, Goldman Sachs raised $3.4 billion (€3.1...

Nuveen Real Estate has appointed Batih Van Leer and Stefano Rubini as managing directors and co-heads of its Strategic Transactions team in Europe. The new appointments align with Nuveen Real Estate’s focus on sourcing and executing high yield investment opportunities across all real estate sectors, and will see Batih and Stefano working in partnership with Nuveen’s existing vertically integrated sector specialist teams across Europe. They will also oversee Nuveen’s European value add series, including capital raising and deployment for an...

HIH Invest Real Estate 's new institutional investment fund just made the first investment by committing €630 million to a living portfolio of 14 assets. The vehicle was launched together with the Vonovia housing company. HIH Invest holds an interest in the fund via a regulated AIF and is the majority shareholder representing a club of institutional investors. Vonovia will handle the property management while HIH Invest will act as asset manager and fund manager. The acquisition involves 14 property...

Civitas Investment Management has marked its entry into Germany with the acquisition of €300 million worth of elderly care and assisted living homes from Deutsche Wohnen. The specialist community-based care real estate investor, investing on behalf of the Civitas European Social Infrastructure Fund, has acquired the operating company Katharinenhof’s 26 properties, located mainly in Berlin and Hamburg. Civitas said it is also entering into lease agreements for the 3,000-plus bed portfolio with care operator Alloheim, which will acquire Katharinenhof and...

Global investment firm Eurazeo has announced the sale of a 22-hotel portfolio in France by its 70%-owned subsidiary, Grape Hospitality. The portfolio, primarily consisting of economy hotels, was acquired by a consortium of a hotel operator and a real estate investor. This strategic move aligns with Grape Hospitality's plan to focus on higher-end upper midscale and upscale hotel segments across Europe. Grape Hospitality, a leading hotel owner, operator, and investor, now owns and operates 63 hotels and manages 22 with...

Nordic real estate investor Nrep has acquired Clarion Hotel Stockholm, one of the largest hotels in Sweden's capital city, from Aspelin-Ramm Fastigheter. The deal, completed through the €3.65 billion value-add fund, Nrep NSF V, gives Nrep access to more than 1,000 hotel rooms in central Stockholm. The acquisition strengthens Nrep's partnership with the hotel chain Strawberry, the Nordic region's second-largest hotel operator, which has a long-term lease on the entire property. Clarion Hotel Stockholm boasts 532 rooms spread across 23,700...

Hines , the global real estate investor, developer and manager has today announced the appointment of Jan Hein Tiedema as senior managing director and country head for The Netherlands. Tiedema is an experienced real estate executive with a deep knowledge of the Dutch market. Beginning his career at Jones Lang Lasalle where he worked at the agency team in Amsterdam, he then spent 15 years with real estate developer Edge. Lars Huber, CEO of Hines Europe said: 'I am delighted...