Industry News

AXA IM Alts , a global leader in alternative investments with €185 billion of assets under management, raised more than €4 billion for its c.€24 billion global commercial real estate (“CRE”) debt platform over the past year, through the launch of new strategies and dedicated mandates. Over the same period, AXA IM Alts invested c.€3 billion into investment opportunities across the entire capital stack, from senior whole loans through to transitional lending facilities and junior loans. This significant fundraise and...

Alma Property Partners and Rubik Properties have teamed up to acquire a residential asset in Denmark from investment firm Abrdn . The partnership has invested an unspecified sum to acquire Unity Aarhus, a newly built residential asset located on Randersvej in Aarhus. The development consists of 652 residential units, comprising 572 studios and 80 apartments. It also provides 93 parking spaces, a co-working area, meeting rooms and a selection of amenities. Source: realassets.ipe.com on the 23rd of January 2025 https://realassets.ipe.com/news/abrdn-sells-danish-residential-asset-to-alma-property-and-rubik-properties/10128384.article

Valor Real Estate Partners (Valor) has acquired a 1.3-hectare site in Enfield, with a GDV of €66.6 million, from a private seller. It expands Valor’s London development pipeline to over €476 million, totalling c. 9.3 million, cementing its position as one of the largest developers of last mile space in what is Europe’s dominant e-commerce market. Valor intends to replace the existing property with a c. 1-hectare, state-of-the-art distribution unit, targeting a BREAM ‘Excellent’ certification and featuring a 40 metre...

Clarion Partners Europe has acquired, on behalf of one of its commingled funds, two newly developed logistics facilities in Drunen and Hulst, the Netherlands, for c. €80 million. The separate transactions take Clarion Partners Europe’s committed investment in the Netherlands past €340 million since the start of 2024. In Drunen, in the Tilburg-Waalwijk region, Clarion Partners Europe has acquired a 32,900 square metres, BREEAM Very Good facility, which was completed in July 2024, from developer VolkerWessels Logistics Development. It is...

Invesco Real Estate has acquired a cluster of warehouses in Bruchsal, Germany, on behalf of Invesco Real Estate Europe Fund III – SCSp (Europe III), the third European value-add strategy in succession for the firm. In partnership with Propel Industrial, the Vienna-based developer of prime logistics assets and an established partner for Invesco Real Estate in the European logistics sector, the 80,000 square metres brownfield site will be fully redeveloped. The project offers significant upside potential, particularly concerning value-creative asset...

Fidelity International ("Fidelity") announces the acquisition of a logistics property of approximately 25,400 square meters for the newly launched 'Fidelity Real Estate Logistics Impact Climate Solutions Fund SCA SICAV-SIF' ("LOGICs"). The property was built in two phases in 1997 and 2017 and is located in the Wustermark commercial area west of Berlin providing strong transportation connections. The older part of the property is leased long-term to Schlau Großhandels GmbH & Co. KG. The newer part of the property, with approximately...

AXA IM Alts , a global leader in alternative investments with €185 billion of assets under management , together with international investors Public Sector Pension Investment Board (“PSP Investments”), QuadReal Property Group (“QuadReal”), Temasek and AXA insurance companies (the “Joint Venture”) announce that 22 Bishopsgate, the iconic London office building, is now fully let. RiverStone International, a global acquirer of legacy and discontinued insurance business, has signed a 15 year lease for the entirety of level five, which comprises 25,000...

QuadReal Property Group (“QuadReal”) a global real estate investment, operating and development company, and Realstar, a Canadian real estate investment and management company today announce that they have acquired Allegro, the Build to Rent (BTR) scheme located within One Exchange Square in Birmingham. The property has been acquired as a joint venture. The 345,662 square feet scheme comprises 603 units across three buildings connected by a large central garden podium. Additionally, the development features ground-floor retail and leisure space and...

Union Investment has let a further 515 sqm of office space in Hamburg's Chilehaus to the Climate Service Center Germany (GERICS) of the Helmholtz Centre Hereon. The space will be modernised and adapted to the requirements of the research centre before it moves in in August 2025. The Climate Service Centre has been located in the listed building since 2011 and will occupy a total of 2,500 sqm in future. Chilehaus has been part of the portfolio of the open-ended...