Industry News

London, UK - Global investment firm Carlyle’s (NASDAQ: CG) Global Credit platform has provided Round Hill Capital, a leading global specialist real estate investor, developer and manager, with a £115 million development loan to fund the construction of Fairfax, a 488-unit luxury build-to-rent (“BTR”) scheme in Manchester, UK. It represents the first transaction between the two parties. The Fairfax development, which was acquired via a forward funding agreement by Round Hill Capital in August 2022, comprises two towers totaling 488...

London, February 7, 2024 – Nuveen Real Estate, one of the largest investment managers in the world with $149 billion of assets under management, has agreed to provide a €35m senior secured loan to Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, to finance the acquisition and construction of One Helix, a state-of-the-art life science asset in Amsterdam. The asset is 100% pre-let to Neogene, a global, clinical-stage biotechnology company pioneering the discovery, development and manufacturing of...

Azora and Core Capital are making the investment through a new platform called Quetta Data Centers, which will be managed by Azora, and advised by Core Capital. On completion, the portfolio’s data capacity will exceed 60 MW and will utilize 100% renewable energy to create Iberia’s first eco-efficient network of data centres with a PUE (Power Usage Effectiveness) rating of less than 1.15. Edge data centres represent a new category of data centres that are characterized by offering technological solutions...

Union Investment has sold the VisionCrest Commercial office building in Singapore to a real estate fund managed by TE Capital Partners. The purchase price is above the current valuation. Union Investment acquired the property in 2007 as a development for the portfolio of the open-ended real estate fund UniImmo: Global. Source: Press release on 30 Jan

Europa, a pioneer in pan-European real estate investment, in partnership with NCAP, the Nordic asset manager, announces the sale of Brädstapeln 13, a newly refurbished 13,316 sq m, seven-storey office building in central Stockholm, Sweden, to a leading pensions company. This follows the signing of the most recent office letting at the building in December 2023 with Ekonomistyrningsverket (ESV), the Swedish National Financial Management Authority, taking the overall occupancy to 95%. ESV will occupy 1,719 sq m of office space...

Adventum Group, a Hungarian-based fund manager, has announced the extension of their partnership with Genpact Romania, the Romanian branch of a global professional services firm. The parties have renewed their lease agreement for the offices located in Hermes Business Campus, a compound situated in the northern part of Bucharest. Griffes, a Romanian advisory practice, on behalf of the landlord facilitated the transaction, which resulted in a lease agreement for a period lasting beyond 2032. The successful outcome reflects over a...

Stoneweg InfraSport, the recently launched partnership between Stoneweg and Teras Capital focused on the acquisition, development and operation of man-made urban surf destinations across Europe, has acquired the former Emerge Surf development site in Coleshill, Birmingham, from IM Properties, where it intends to deliver the UK’s largest wave park. The c. £50 million commitment represents Stoneweg’s first investment in the UK. The development, which benefits from excellent road and rail links, will be centred around a best-in-class, 5.4-acre man-made WaveGarden...

London, 7 February 2023 - M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has let c. 8,500 sq m of space at its multi-let warehouse asset, Litauen Allé 4, in Taastrup, an established distribution hub near Copenhagen, Denmark, to Heka Dental A/S, the leading supplier of dental treatment centers in Scandinavia. Heka Dental A/S has signed an 11-year lease to occupy the entire unit, which will serve as its headquarters in Scandinavia, as well as...

AEW, one of the world’s leading real asset investment and asset managers [1] , announces the appointment of Jeffrey King as Fund Manager of EUROCORE (“the Fund”) [2] , AEW’s leading open-ended pan-European core fund. Jeffrey, who will be based in Frankfurt, will lead the management of EUROCORE working alongside Christina Ofschonka and the wider fund team. He will have overall responsibility for fund strategy, portfolio construction and client relationships. As previously announced, Christina has been promoted to Head of...