Industry News

Maren Tschammler is to join Savills as team leader of its Berlin investment team. She takes over from previous interim team leader Philipe Fischer, who will focus on his role as head of Savills' Berlin office. "We are delighted to have gained such a talented and experienced colleague in Maren Tschammler. Tschammler previously worked very successfully on the investor side. For example, she was in charge of the sale of the Metro Headquarters in Düsseldorf in 2018 and built up...

UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business has appointed Darren Rabenou as Head of Food & Agriculture and Head of ESG Investment Strategies covering real estate, infrastructure, private equity and agriculture, both new roles for REPM within the firm. Rabenou will report to Joe Azelby, Head of REPM, and be based in New York. As Head of Food & Agriculture, Rabenou will drive forward new initiatives to help meet growing investor interest in agriculture. UBS-AM’s successful...

Nuveen Real Estate, one of the largest real estate investment managers globally, has acquired a newly developed logistics asset from Accres Real Estate. Located in Moerdijk, the Netherlands, the property benefits from its position in the ‘West Brabant Corridor’, which is considered to be one of the most attractive logistics locations in the Netherlands due to its connectivity to Rotterdam Harbour and access to Germany and Belgium by boat, train and road. The asset spans c15,000 sq m (c161,000 sq...

LGIM Real Assets, on behalf of its segregated mandate fund, has committed to an extensive redevelopment at 10 Bricket Road in St Albans. Works have now started on site, where the re-development will deliver 42,478 sq ft of contemporary, high quality flexible office accommodation. The redevelopment will add an additional 50 per cent floor area to the original building and is scheduled for completion in late 2021. Canmoor has been appointed as development manager. Legal & General recognises that real...

AEW, a global real estate investment manager, has acquired a prime new logistics property in Vienna, Austria. The cross dock facility has been acquired on behalf of a German separate account investor. The property is fully let to DHL, the world's leading logistics provider, on an 18 year lease (with first break at 10 years) and subleased to Österreichische Post as part of the strategic partnership between the two companies. Constructed in 2019, the asset comprises 11,600 sq m of...