Industry News

DeA Capital Real Estate, the property arm of the Italian alternatives investment manager with around €13 billion of RE AUM, has appointed Ashley Marks as head of capital advisory. The capital markets professional, who used to work at placement agent, Capra Global Partners, and JLL, is tasked with helping source equity for JVs, club deals and investing across sectors and risk profiles. The company has offices in Milan, Paris, Madrid, Frankfurt and Warsaw and is in the midst of an...

Apleona, a European market leader in integrated facility management, based near Frankfurt am Main, today announced a merger agreement with Gegenbauer Group, one of the leading facility management providers in Germany. Headquartered in Berlin, Gegenbauer Group employs 18,000 people and generates average sales of € 900 million annually, split equally between hard and soft services. As part of the transaction, the former shareholders of the Gegenbauer Group will become shareholders in Apleona, while European private equity firm PAI Partners will...

Pbb Deutsche Pfandbriefbank has provided two credit facilities of approximately €100 million in total to property investor Realterm, which focuses on logistic and infrastructure assets in North America, Europe and Asia. The facilities comprise a seven-year €66 million French credit facility secured by a homogeneous property portfolio totaling around 72,000 metres squared of lettable area across 15 cross-dock truck terminal properties, located along key French PanEuro freight corridors and highly populated areas. Source: realterm.com on the 27th of February https://www.realterm.com/news/realterm-acquires-parcel-delivery-facility-crawley-united-kingdom

Union Investment has acquired the Westfalen Center Dortmund. Located close to Dortmund city centre, the campus property comprises an office building that incorporates a hotel. The campus occupies a 10,062 metres squared site, with around 30,415 metrs squared of rental space and 442 parking spaces. The vendor is Swiss investor AFIAA Investment Foundation for International Real Estate Investments. The purchase price was not disclosed. Built in 1996, the property was renovated in 2012 and 2019 and currently has 33 tenants...

Stable Income Europe Real Estate Fund – Macquarie II (SIEREF - Macquarie 2), jointly advised by Macquarie Asset Management and MAPFRE, has acquired an office building in Berlin from a fund managed by Ardian. The eight-story property spans approximately 13,000 metres squared. It is almost fully leased to strong covenant tenants and offers income security and rental upside potential. Located in the central Wilmersdorf district, the building offers great connectivity to other areas in Berlin and is in close proximity...

The Italian investor is said to have sealed the acquisition of Munich’s Pep shopping centre while announcing the sale of 50% of City landmark, One Fen Court. Generali has not confirmed the acquisition prices but the two transactions are said to total approximately €800 million. The group, in a JV with Cura, has been the front-runner to buy the 60,000 metres squarred Munich mall from Nuveen for some months and received the green light for the transaction from the EU...

US asset management giant Brookfield has taken a majority stake in a 1.4 million feet squared portfolio of three big-box distribution warehouses in the UK via a secondaries transaction. Although financial details were kept confidential, market sources put the deal price at €140 million. The transaction, the US group’s fourth investment in Europe out of the real estate solutions strategy, took the form of a recapitalisation of a logistics portfolio owned by Tritax Big Box REIT, which remained as minority...

Real estate investor Conren Land has acquired the office and commercial building JEP3 in Düsseldorf from Rhenus Grundvermögen GmbH & Co. Entwicklungs-KG. The price tag of the forward purchase was not made public by the parties, but is estimated to be in the €20-30 million range. Located at Joachim-Erwin-Platz 3 in Düsseldorf's pedestrian zone, the 3,000 metres squarred property is designed by RKW Architektur + and scheduled for completion in 2023. Source: propertyeu.info on the 3rd of March https://propertyeu.info/Nieuws/Conren-Land-snatches-up-office-and-commercial-building-in-Dsseldorf/6cd1fc06-2323-419b-837a-e7ccc1e091b6

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) Belgium, on behalf of Healthcare Property Fund Europe (HPF Europe), has acquired a five-asset healthcare portfolio from Baltisse Real Estate. The deal was achieved by acquiring all the shares of Wombat nv, Residentie De Vlamme nv, Zorgcampus Maasmechelen nv, Anima Vera nv and De Wandelgang nv, each holding a healthcare property in Flanders, Belgium. Four of the properties are located close or within the triangle of three major cities and urban...