Industry News

CapMan Residential Fund makes its first Swedish investment through its acquisition of a forward funding project in Örebro. CapMan Residential Fund acquires the forward funding project from the Swedish developer Serneke at a price of SEK 314 million. The project includes 139 apartments scheduled for completion in Q4-2024. The project, situated in the new urban area Tamarinden, is located 2 km to the south of central Örebro, Sweden’s sixth largest city. The project has high sustainability ambitions and a clear...

PATRIZIA, a leading partner for global real assets, has made a strategic, landmark acquisition in Sweden by investing c. EUR 350m on behalf of its clients in a premium Stockholm residential portfolio through the pan-European open- ended residential strategy, Living Cities. The transaction, once closed, will propel the Living Cities strategy to towards EUR 2bn AUM and increase PATRIZIA’s current residential AUM to around EUR 17bn. “The area of Stockholm offers stable income return and long-term capital growth. Thanks to...

(Milan) - aparto Milan Giovenale, owned by “Living 2.0” Fund, managed by Savills Investment Manager SGR SpA and invested into by Hines, a global real estate firm, in joint venture with Blue Noble, an international real estate investment manager, has opened in the heart of the city. The development of aparto Milan Giovenale was led by Hines Italy as development manager and is the Group’s first in Italy. Bank Unicredit financed the project and the management of the scheme is...

Union Investment has acquired Kontorhaus am Wall, the newly built serviced apartment project in Bremen’s historic old town, from Corestate Group. The parties agreed not to disclose the purchase price. The acquisition is being made on behalf of special real estate fund Urban Living Nr. 1. The recently completed Kontorhaus am Wall comprises 86 serviced apartments. The apartments range in size from 22 to 41 sq m and benefit from spacious communal areas on the ground floor and two roof...

(Berlin) – Hines, the global real estate firm, on behalf of its Hines European Value Fund (HEVF 1), has agreed a new 10-year green lease with the Fraunhofer Institute for Open Communication Systems FOKUS at its existing headquarters, at Atrium Charlottenburg, in Berlin. The Fraunhofer Institute FOKUS has been located at the property since 1997 and has extended its lease terms to remain on nine floors totaling c. 16,000 square metres. The institute specialises in applied research and development in...

UK local authority pension schemes and the Church Commissioners for England are among investors that have committed £350m (€410m) to Bridges Fund Management’s “dark green” real estate impact fund. Bridges Property Alternatives Fund V, which has been classified as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR), attracted a number of repeat investors, including Clwyd Pension Fund, East Riding Pension Fund, the Environment Agency Pension Fund, Merseyside Pension Fund and South Yorkshire Pensions Authority. New investors...

CapMan Real Estate has announced the hire of Carsten Kirk as development director to strengthen its Danish team. In this key role, he will be responsible for CapMan Real Estate’s development projects in Denmark. Kirk will be based in Copenhagen and start in his position on 1 June 2022. Kirk has over 35 years of experience working within the Danish real estate industry, where he also has a significant and relevant network. Most recently he worked as project director at...

IPUT Real Estate, Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, announces the appointment of Marie Hunt to the newly created role of Head of Research and as a member of the IPUT senior management team. Ms Hunt will join IPUT in the Autumn and will be responsible for IPUT’s thought leadership strategy, supporting the business’ investment process, placemaking strategy and sustainability programme. Marie Hunt is an authoritative and respected commentator and researcher...

PATRIZIA AG, a leading partner for global real assets, has hired Jérôme Delaunay as its new Head of Asset Management for South-West Europe (France, Iberia and Italy). Delaunay, who will join PATRIZIA in June from AXA IM Alts, brings over 25 years’ real estate investment management experience to the table across all major asset types. He will be based at PATRIZIA’s Paris office and report to Amal Del Monaco, Head of European Asset Management & Countries, who commented: “I am...