Industry News

Clarion Partners Europe , the real estate investment fund manager specialising in logistics and industrial assets, has completed the acquisition of a 39,363 square metres, institutional quality logistics warehouse in Helmond, the Netherlands, for €49.7 million, from Dutch developer Next Level. This acquisition takes the total amount of capital deployed by Clarion Partners Europe – on behalf of its commingled funds – in the Netherlands so far in 2024 to c.€175 million. The BREEAM Very Good certified property, which was...

Real estate investment manager Barings has completed the acquisition of a prime logistics scheme spanning 39,000 square metres in Helsinki, Finland, on behalf of its European logistics joint venture (PELV) from an international asset manager. Financial details were not disclosed. Representing the first investment by Barings on behalf of PELV in the Nordics, the asset is made up of two warehouses constructed in 2009 and is fully let to three tenants. Building A, which contains 33,800 square metres of gross...

Sirius Real Estate has notarised the acquisition of a business park in Klipphausen, near Dresden, together with an adjacent land parcel for an acquisition price of €13.75 million. The acquisition has been made using the proceeds of November 2023’s €165 million capital raise. It represents the third asset to be acquired by Sirius in Germany this calendar year, and the sixth asset to be acquired across both Germany and the U.K. in recent months. The site has been acquired from...

CBRE Investment Management has appointed Sebastian Ehrhardt as the country manager for Germany, assuming the country manager role from Marius Schöner who held the dual position of country manager and head of the EMEA Residential Operator Division. Under Schöner’s leadership, as country manager, assets under management in Germany have grown from almost €1 billion in 2014 to around €5 billion currently. Schöner will remain part of the German management board but will focus on building-out the residential platform in Europe...

CBRE Investment Management , on behalf of a fund sponsored by the firm, has acquired a portfolio of two multi-family properties in Ballerup, Greater Copenhagen, Denmark. The portfolio comprises 16,974 square metres of high-quality residential space made up of 222 affordable rental units for middle-income households, as well as 77 garage spaces. The buildings were completed in 2023 to high sustainability standards and have DGNB Gold certification. Aimed at Copenhagen’s middle-income families, the buildings are already fully let; the apartments...

Amro Partners and Falco Capital have refinanced four operational student housing assets in Spain via a €70 million investment loan from Nuveen Real Estate, one of the largest real estate investment managers in the world with $149 billion of assets under management. The loan represents a major vote of confidence for the Spanish PBSA sector, which continues to grow in scale and depth. Nuveen Real Estate was attracted by the sector-leading green credentials of the portfolio, comprising projects in Madrid...

Germany's Deka Immobilien has acquired a trophy asset under long-term lease in the historic centre of Rome. The property was sold by the private investment house Ardian and will be added to the portfolio of the WestInvest InterSelect open-ended real estate fund. The parties agreed not to disclose the purchase price. The office building, Veneto 89, was built in 1928 in the neoclassical style and has recently been extensively renovated. It boasts around 23,000 square metres of leasable space, with...

Nuveen Real Estate , one of the largest investment managers in the world with $149 billion of assets under management, and the investment advisor to a joint venture between an insurance separate account of its parent company, TIAA, Australian superannuation fund HESTA and Eagle Street Partners (Eagle Street), the pan-European real estate investment and asset manager, announces that works have started above ground on the site of its landmark build to rent development at Castleforbes Business Park in Dublin’s North...

Juniper Square , the leading provider of partnership enablement to the private funds industry, today announced that Brandon Sedloff has been promoted to Chief Real Estate Officer. In this role, Sedloff will oversee the continued growth of Juniper Square's real estate vertical as the firm continues to expand its suite of products and services. As Juniper Square's first and largest vertical, the real estate business has a scale that allows for continued innovation, enabling GPs to raise, manage, and report...