Industry News

Octopus Energy’s renewables arm has marked its entry into Germany’s solar farm market with the acquisition of two assets. Octopus Energy Generation, investing on behalf of its Sky Fund, has invested undisclosed sums to acquire the 122MW Schiebsdorf solar farm in Brandenburg and the 20.8MW Hartungshof solar farm in the vicinity of Saarbrücken in Saarland. The Schiebsdorf solar farm was acquired from Ib vogt, and the Hartungshof solar farm was acquired from Greencells Group Holdings. The Schiebsdorf solar farm, the...

KKR, investing on behalf of its European real estate core-plus strategy, has acquired two multifamily blocks in the UK from Quintain. The global investment firm has invested an undisclosed amount to buy Alameda and Beton, comprising 490 build-to-rent units together with around 40,000 square feet of retail and leisure space in Wembley Park. Source: realassets.ipe.com on the 22nd of January https://realassets.ipe.com/news/kkr-buys-two-uk-multi-family-blocks-from-quintain-in-core-plus-strategy/10071123.article

Hines, through its European core-plus property fund, has acquired its first asset in Sweden through a sale and leaseback. The global real estate fund manager is investing SEK1.35 billion (€119 million) on behalf of its Hines European Property Partners (HEPP) to buy a production facility being built in Jönköping from kitchen furniture company Nobia. The transaction included Nobia entering a 20-year rental agreement on the property with HEPP, with an option to extend the agreement for a further 20 years...

Real estate fund manager AEW has acquired a French private health facility from Primonial REIM France for an undisclosed amount. AEW said the 15,000 square metres Clinique du Parc facility in Lyon, spread across two buildings, is let to operator ELSAN Group on a 12-year lease which took effect in 2023. AEW said the acquisition of Clinique du Parc was in line with its strategy of expanding into premium healthcare assets leased to reputable, investment-grade providers. Source: realassets.ipe.com on the...

Macquarie Asset Management has raised over €8 billion for its latest European infrastructure fund. The firm said Macquarie European Infrastructure Fund 7 (MEIF7), which reached its final close last month, attracted commitments from more than 100 pension funds, insurers, sovereign wealth funds, asset managers and fund-of-funds investors. Macquarie said around 92% of MEIF7’s commitments came from investors that previously invested with the fund manager. The strategy also attracted commitments from 24 investors new to the asset manager’s platform. MEIF7 targets...

Kryalos SGR, managing the All Star fund backed by Blackstone, has finalised the sale of a landmark building on Piazzale Loreto in Milan to Corum AM for its Corum Eurion fund. Designed by architect Giulio Minoletti in the late 1950s, Palazzo di Fuoco was acquired by the All Star fund in 2017. Kryalos SGR then spearheaded a transformative redevelopment between 2018 and 2023 under GBPA Architects. The redevelopment team restored the building to its original state, highlighting the innovative features...

Aviva Investors has acquired a £150 million (€175 million) portfolio in the UK’s direct-let purpose-built student accommodation (PBSA) sector, expanding its portfolio focus. The global asset manager said it has acquired six student housing assets located in Edinburgh, Liverpool, Exeter, and Falmouth, as well as a complementary commercial asset in Liverpool spread over 65,000 square feet and offering mixed-use leisure and retail spaces including hospitality, hotel and supermarket facilities. Source: realassets.ipe.com on the 18th of January https://realassets.ipe.com/news/aviva-expands-uk-portfolio-with-150m-student-housing-acquisition/10071084.article

Ofi Invest Real Estate has announced the appointment of Vanessa Fredon as property management director. Fredon’s main role will be to oversee the Property Management activities of Ofi Invest Real Estate SAS, which houses the lease management and technical teams. Fredon and her teams will cover a portfolio of over 200 property assets in France, out of a total 220 property assets located in four European countries, managed in direct by Ofi Invest Real Estate on behalf of its mandates...

Barings has acquired a 78,000 square metres site in Italy from a private Italian company to develop a logistics project. The manager has invested an unspecified amount through an Italian real estate fund managed by Savills IM SGR, to acquire the site in Balocco on behalf of its pan-European logistics joint venture PELV. The site in the Province of Vercelli has planning consent for the development of a 33,000 square metres logistics warehouse. The Balocco acquisition is the second investment...