Industry News

Sani/Ikos Group (SIG), the leading luxury beach resort group in the Mediterranean, and GIC, global institutional investor, have entered into a strategic partnership under which GIC will become the leading shareholder alongside SIG’s management team. The transaction values the Sani/Ikos Group at €2.3 billion. The transaction is expected to close in the 4th quarter of 2022, subject to customary regulatory approval. Under the leadership of its founders, Stavros Andreadis, Andreas Andreadis and Mathieu Guillemin, who remain significant shareholders, SIG has...

Real estate manager AEW has acquired a newly developed prime office building in Germany for an unnamed German pension fund. The €88 billion real estate manager said it has bought THE RUN building at Neumarkter Straße 75 in Munich from developer Neuplan. The 9,600 square metres asset is pre-let to luxury sports and fashion brand Bognar its new German headquarters. Lars-Henning Pylla, fund manager at AEW, said: “We see the area around Neumarkter Straße as an extension of the nearby...

Clearbell Property Partners III LP (Clearbell), in partnership with PBSA specialist property consultancy Iceni Property Asset Management, announces the acquisition of six purpose built student accommodation residences in Aberdeen from Unite Students as part of the growth of its Every Student brand. The six assets, totalling 1,050 beds and spread across the city, provide excellent transport links to both the city centre and University of Aberdeen, with two thirds of the assets sporting high-quality ensuite options. Under Clearbell and Iceni’s...

CBRE Investment Management has acquired two new logistics assets in Madrid, Spain, owned by DWS, with a total gross lettable area of 67,859 square metres. The first asset, located in Meco, was completed in Q2 2020 and offers 51,969 square metres of gross lettable space with a LEED Silver rating. The second, in Torrejon, was completed in Q4 2019 and provides 15,890 square metres of gross lettable space with a LEED Gold rating. Both properties are already leased under triple...

Hines, a global real estate investment, development, and property manager, acting on behalf of the South Korean investor, Hana Securities represented by Vestas Investment Management, has acquired the 13,610 square metres, La Distillerie, an Art Deco building formerly a mint alcohol distillery, located in Saint-Ouen in the northern suburbs of Paris. Under a VEFA agreement, with the sale pending future completion, the development will be completely rebuilt and is due to complete construction in the summer of 2024. The Eiffage...

Garbe Industrial Real Estate GmbH has secured a conversion area of around 76,000 square metres in Thuringia. The site is the final large plot in the Eisenach Kindel industrial estate in the municipality of Hörselberg-Hainich (Wartburgkreis). A new production and logistics property is to be constructed there for the tenant BCUBE Logistik GmbH by September 2023. Garbe Industrial Real Estate is investing around €40 million in the project. A state-of-the-art production and logistics property with a total area of around...

Hines, a global real estate investment, development, and property manager, in a joint venture with five German pension funds, have acquired land to develop a high-quality mixed-use scheme combining both office and residential units spanning 60,000 square metres in Berlin-Schöneberg. The off-market transaction, located on Gotenstrasse and Ella-Barowsky-Strasse, is scheduled for completion in 2026. The parties have agreed not to disclose the purchase price. The project is in the direct vicinity of the already completed and fully leased city quarter...

Invesco Real Estate has acquired an office complex in Milan from Coima Res for €40 million, as established in the preliminary agreement signed in July. The complex in Via Deruta 19 consists of two buildings, seven and eight floors above ground respectively, with around 13,000 square metres of commercial area. The property previously housed the offices of BNL BNP-Paribas Group with about 900 employees. Built in 2007, the two buildings will undergo a total redevelopment in line with the highest...

HIH Invest Real Estate (“HIH Invest”) just acquired a health centre located in Michendorf near Potsdam from the GP Günter Papenburg AG conglomerate for its open-ended special AIF, “Vita Invest.” It represents a property development that is part of “Neue Ortsmitte,” a new residential block under construction in a central location. The investment consist of two separate four-storey buildings directly next to the entranceway to the new quarter: One will be used as health centre, the other being as office...