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Oxford Properties completes 100% lease up of prime Paris office 32 Rue Blanche after renovation

Oxford Properties Group (“Oxford”), a leading global real estate investor, developer and manager, today announced it has fully let 32 Rue Blanche, a 238,000 sq ft Class-A office building in Central Paris. This successful leasing programme follows the completion of a comprehensive renovation scheme, significantly upgrading the asset’s sustainability performance, amenities and technology capabilities, transforming 32 Rue Blanche into one of Paris’ most sustainable and connected workplaces. Since acquiring the asset in 2014, as its entry into the French market...

Mitiska REIM sells two retail parks to Sogenial

Mitiska REIM , the leading specialist investor in European convenience real estate, has today announced on behalf of the FRI 2 fund the sale of a French and Portuguese retail park to Sogenial Immobilier, an institutional real estate fund manager headquartered in Paris, overseeing a portfolio of assets exceeding one billion euros. This sale marks the completion of Mitiska REIM’s value-creation programs for these assets, and follows similar divestments in Belgium, Portugal and Romania over the past three months which...

Hines launches student accommodation platform in France

Paris – Hines , the global real estate investor, developer and property manager, today announces the commencement of two large-scale student living projects in Paris, France. The first is Liberté 1, a 26,500 square metres office building in Charenton-Le-Pont acquired from Covivio by the Hines European Real Estate Partners III (HEREP III) fund, which Hines plans to transform into a multi-use residential complex including 650 student beds. The second sees Hines reveal plans for another 650-bed investment, this time on...

Union Investment sells office building in Vienna to Thalhof Immobilien

Union Investment has sold an office building in Vienna's 7th district to Thalhof Immobilien GmbH. The company specialises in the acquisition and development of residential and office properties in Vienna's prime locations. The property at Schottenfeldgasse 29 has been part of the portfolio of immofonds 1, an open-ended real estate fund distributed exclusively in Austria, since 2013. The parties have agreed not to disclose the purchase price. Source: press release sent on the 7th of March, 2024

Elo purchased resi properties in Helsinki from Paavo Nurmi Foundation

Elo Mutual Pension Insurance Company purchased two residential properties in the inner city of Helsinki from Paavo Nurmi Foundation. The properties located at Linnankoskenkatu in Toolo and Fleminginkatu in Kallio were originally constructed in 1938 and 1912. These historical properties have been renovated over the years to meet the current standards and a major renovation has been carried out in the Kallio property in 2018. The properties have excellent micro-locations in one of the most desired districts in the inner...

Alma and Alea acquire first light industrial property in the Helsinki metropolitan area

Alma Property Partners and Alea Partners acquired their first light industrial property in the Helsinki metropolitan area through a newly established joint venture called UrbanLight. UrbanLight invests in logistics, last mile and light industrial properties located in key locations in the Helsinki metropolitan area. The company acquired its first property located at Högbergintie 4 in the logistics area of Jussla in Tuusula. The area, located near the Helsinki airport, has been developing into a strong logistics location for many years...

Lords LB AM acquires Technopolis Ozas office campus in Vilnius

After receiving approval from the Competition Council, the purchase-sale agreement of the Technopolis business park, concluded by the investment company Lords LB Asset Management and the company Technopolis Lietuva, entered into force. The Technopolis Ozas office campus located in Vilnius, near Ozas Park, has a new owner. All stages of the purchase-sale agreement of the office campus have been completed, and Lords LB Asset Management , the acquirer, have secured its leadership status in real estate investment (NT). Technopolis Ozas...

Columbia Threadneedle appoints head of real estate Europe

Joseph Vullo has been promoted to the new role of head of real estate, Europe at Columbia Threadneedle Investments . In this role, Vullo will provide leadership for Columbia Threadneedle’s panEuropean real estate platform, including the UK and Continental Europe. He currently leads the UK real estate business and will now take on additional oversight for the Continental Europe business, with Iris Schöberl and Ian Kelley continuing to head up operations in Munich and Paris respectively now reporting into him...

Northern Horizon’s fourth aged care fund fully invested – € 648 million directed towards top-tier care properties across the Nordics

Northern Horizon , specialized healthcare real estate investor, is pleased to announce the successful deployment of the investment capacity of €648 million for its fourth Nordic healthcare fund, ACIV. As of March 2024, the fund owns 44 assets and has committed to 3 assets under construction, bringing the portfolio to 47 assets in total. Aged Care IV invests in modern, fit-for-purpose care homes and similar residential care assets in the Nordic countries. The fund’s strategy addresses the structural shortage of...