Industry News

AXA IM Alts, a global leader in alternative investments with c. EUR162 billion of assets under management acting on behalf of clients, and VINCI Immobilier, delegated project manager, announce the delivery of Kimpton St Honoré Paris, a five-star hotel, located in the Opéra area of Paris’ 2nd arrondissement, straddling both Boulevard des Capucines and Rue Daunou. Kimpton St Honoré Paris Hotel offers all the facilities of a luxury hotel, while delivering the “avant-gardiste” style of a boutique hotel: 149 bedrooms...

DWS has expanded its presence in the Dutch residential market with the acquisition of 369 apartments for circa EUR71 million in The Hague on behalf of one of one of its German retail real estate funds. This latest acquisition is spread over a total of 311 blocks with floor areas between 30 sq m and 120 sq m. Some of the buildings benefit from commercial units on the ground floor, and the portfolio has a total rental area of around...

A joint venture (JV) between a fund managed by Credit Suisse Asset Management Global Real Estate, industrial developer Chancerygate and international real estate firm Hines has submitted plans to speculatively build a 172,169 sq ft industrial, warehousing and trade counter development comprising 15 Grade A units in Dagenham. The six-acre site, which was previously owned by wholesale electrical distributor Rexel UK, currently comprises warehouse buildings with ancillary trade counters and offices. The proposed scheme has a gross development value of...

Tishman Speyer, a real estate developer, owner, operator and asset manager, has acquired a new office asset located in Lisbon via the Tishman Speyer European Core Fund (TSEC). The company has also signed a EUR28 million seven-year community-impact linked real estate financing with Crédit Agricole CIB. Currently the Portuguese headquarters of multinational advertising agency WPP, the former automobile showroom is located on Lisbon’s vibrant riverfront neighbourhood and benefits from vast and stunning views over the river Tagus and the city...

Macquarie Asset Management, on behalf of its Macquarie GLL pan-European property strategy, has acquired Corso Europa 12 in Milan for EUR63 million. The 6,000 sq m office building with retail units on the ground floor is located in Milan’s historic central business district, within a five-minute walk from the Duomo and close to the city’s metro system. The eight-storey building is leased to four high-grade tenants, including an international law firm and a national consulate, and houses a newly refurbished...