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La Française REM buys senior housing asset in France

La Française Real Estate Managers (REM) has acquired a coliving residence for seniors in France for an unspecified amount. The 19th century private hotel, the former home of the painter Dunoyer de Segonzac, was acquired for a collective real estate investment vehicle. It is located at 9 Avenue Sainte Marie in Chaville and operated by Chez Jeannette under a 12-year lease. The asset offers a surface area of 310 square metres spread over four levels and will be transformed into...

Octopus marks solar farm sector debut in Germany with double acquisition

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...

Macquarie’s latest European infrastructure fund closes at €8 billion

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...

KKR buys two UK multi-family blocks from Quintain in core-plus strategy

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 makes debut in Sweden with SEK1.4 billion sale and leaseback deal

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...

AEW expands healthcare property portfolio with French acquisition

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...

Blackstone-backed fund sells iconic Milan building to Corum AM

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...

Schroders launches semi-liquid global energy transition fund

Schroders Capital’s renewables arm has set up a semi-liquid fund to make investing in renewable energy and energy transition infrastructure easier and more flexible for investors. Schroders Greencoat said it has launched the Schroders Capital Semi-Liquid Energy Transition Fund aimed at “boosting our clients’ access to both private assets solutions which offer new and diversifying return streams, as well as energy transition investment solutions”. The semi-liquid structure will enable Schroders Greencoat to invest in illiquid infrastructure assets with a long-term...

Ofi Invest appoints property management boss

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...