Industry News

AXA IM Alts, a global leader in alternative investments with over €186 billion of assets under management, announces that it has acquired, on behalf of its clients, the 5* Hotel Sofia in Barcelona from Selenta Group, Brookfield’s Spanish hospitality platform. The property was acquired in joint venture with Spanish based partner Blasson Property Investments, acting as operating partner. Upon acquisition, AXA IM Alts plans a repositioning programme, following which the hotel will be operated by a leading global hospitality group...

Legal & General Investment Management (‘LGIM’), the largest UK-based asset manager and NTR, a leading renewable energy specialist, have successfully raised €390 million in committed capital and co-investment opportunity in the first close of the L&G NTR Clean Power (Europe) Fund (the ‘Fund’). The Luxembourg-based Fund invests in clean power infrastructure assets across wind, solar and energy storage, putting private capital to work to drive Europe’s decarbonisation and energy security agenda. It is classified as an Article 9 fund under...

Savills Investment Management has entered into an agreement to acquire six fully let residential assets in Sweden for c. €100 million for its European Living platform. The seller of the assets was the Swedish listed developer and property company K2A Knaust & Andersson Fastigheter AB, and the deal was sourced off market. The portfolio of acquisitions is located in the university cities Uppsala, Västerås and Gävle in Sweden, and is built with a strong ESG profile. This includes attributes such...

M&G Real Estate, part of M&G plc’s £76.7 billion Private & Alternative Assets business, has acquired 67 social housing apartments in Blackrock, Dublin, for €31.3 million. The deal, which was made by the M&G European Secured Property Income Fund (the Fund), increases exposure to the residential sector and offers investors long dated, inflation-linked cash flows secured by local council-backed income. Located close to the city centre on the ‘The Dart’ tram network, The Butter Yard is at the heart of...

Commerz Real is making further progress with the expansion of the European portfolio for its Klimavest impact fund with the purchase of a new wind farm in Finland. The asset has an installed capacity of 39.9 megawatts and is being sold as a turnkey plant by the company Energiequelle. This is already the second successful transaction with the international project developer, whose track record encompasses a project volume of more than 1,500 megawatts. “Finland is an extremely attractive location for...

Global real estate investment manager LaSalle Investment Management said on Wednesday that its debt investment platform has expanded its senior-secured debt strategies to include a dedicated sustainable lending focus. In the last year, the platform has provided over €350 million of green loans across Europe. LaSalle Debt Investments has grown its capacity to support borrowers in retrofitting existing assets to improve their energy performance and fund the construction of the next generation of energy-efficient buildings across the UK and continental...

UK property group Grosvenor has announced the creation of a £120 million (€136 million) residential development debt strategy. Led by the investment team in its UK property business, the strategy will further diversify Grosvenor’s £800 million regional investment portfolio, by financing projects across a broad range of residential tenures. Its first transaction, a senior loan facility of £33 million to DWS Group, is supporting the delivery of 316 homes to rent in Bath. Grosvenor will make funding available to developers...

Henrike Waldburg has been appointed head of Union Investment Real Estate's asset management division as of 1 July, taking over from Volker Noack. Subject to the approval of Germany's competitions authority, BaFin, Waldburg will then join the management board of Union Investment Real Estate. Noack, who has headed asset management at the firm for almost a decade, will take over management board responsibility for expert appraisals, fund support, corporate investment management, risk management, and compliance and anti-money laundering Source: https://propertyeu.info/Nieuws/Waldburg-takes-over-as-asset-management-chief-at-Union-Investment/d1f9093a-d1be-412d-bb7a-76bbe2666c1e...

Pan-European real assets business Kajima has appointed Philip McLaughlin as project director in its London-based team. McLaughlin joins Kajima from Bloomberg and will be directly responsible for overseeing delivery of Kajima's development projects. In addition to managing the company’s central London development pipeline, he will also oversee the construction of developments across the business' European portfolio, focusing on logistics and student accommodation. McLaughlin brings extensive project management experience in the EMEA region from his previous roles. He undertook multiple leadership...