Industry News

Boreal IM and Cadillac Fairview’s European logistics investment joint venture has added a €45 million asset in Spain’s capital to its portfolio. The joint, created last year, has acquired a 54,500 square metres warehouse currently under development in Alcalá de Henares, Madrid from Pavasal. Construction of the warehouse is expected to complete by the end of 2024. The deal represents the partnership’s third acquisition in Spain, a country the venture expanded into in January this year. Previous deals in Spain...

CBRE Investment Management is acquiring a 16,874 square metres residential asset Sweden’s capital from Sveaviken Bostad. The global real assets investment manager said it has agreed to buy the new residential asset in Barkarbystaden, Stockholm on behalf of one of its funds. IPE Real Assets understands that the manager is paying around €73 million to buy the fully-let asset, which includes 350 affordable residential units, 105 garage units and 2,547 square metres commercial area on the ground floor. Barkarbystaden is...

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing, today announced it has acquired an attractive build-to-rent (“BTR”) site in Stratford, east London, with an existing capital partner, in the latest phase of its successful growth strategy in the UK. The Stratford Mill site is located in the heart of the Pudding Mill masterplan, which is on track to be an exemplary piece of urban design as part of the...

Realterm announces the growth of its transportation logistics real estate platform in Europe with the acquisition of 5 Rue Georges Charpak, a 5,490 square meter, cross-dock industrial outdoor storage (IOS) facility located on a 29,267 square meter site in Libercourt, France. The advantageously located, high flow through (HFT) property boasts 73 loading positions. “The French logistics sector has witnessed incredibly low vacancy rates and limited land availability.” said Balazs Lados, Managing Director and Fund Manager at Realterm. “The increasing demand...

Pan-European property investor Kajima has acquired a 31,000 square feet office development in London’s West End as part of a value-add strategy in the UK capital. Kajima has invested an undisclosed sum to acquire the asset at 27 Soho Square from Federated Hermes. Fineman Ross acted on behalf of the buyer and Harris Associates on behalf of the seller. The recently refurbished seven-storey building, currently let to five tenants, was originally constructed in 1985. Kajima said the acquisition forms part...

Commerz Real has purchased in full the “Mynd” office high-rise and “Galeria Weltstadthaus” store at Berlin Alexanderplatz from SIGNA Prime for its open-ended real estate fund Hausinvest; the project is currently under construction. To date the real assets subsidiary of Commerzbank has held a stake of 20 per cent in the complex; SIGNA will continue to accompany its realisation in a lead capacity as the project development partner. Upon completion in 2025 the overall ensemble is to have a total...

AXA IM Alts has marked its entry into the Italian elderly care home market with the acquisition of six assets. The €185 billion global asset manager has invested an undisclosed amount on behalf of clients to acquire the portfolio in a forward purchase from a Namira-managed real estate fund. AXA IM Alts said the portfolio, spread across the Northern Italian regions of Lombardy, Tuscany and Piedmont, will total 1,440 beds upon completion. Two assets, located in the provinces of Brescia...

Round Hill Capital, a leading global specialist real estate investor, developer and manager has closed its European Residential Income Fund II (ERIF II) with c. €440 million of equity commitments with significant capital left to deploy in selected markets. The closing follows a final tranche of €90 million raised from a French listed fund and an Asian public pension fund. They join nine existing institutional investors in the Fund comprising a range of state pension funds, insurance companies, financial institutions...

HIH Invest Real Estate’s open-ended German healthcare real estate fund has acquired its second asset. HIH Vita Invest has invested an undisclosed amount to buy the recently constructed Telos Clinic Liblar building located at Radmacherstraße 83 in the Liblar district of Erftstadt in North-Rhine Westfalia. HIH Invest said the 3,500s square metres asset has been let to Systeam GmbH & Co on a 25-year lease. The deal represents the second acquisition for HIH Vita Invest, a fund categorised as an...