Industry News

DWS has launched its sixth real estate debt fund, raising an initial EUR150 million for the European fund. The asset manager said the European Junior Real Estate Debt Fund is expected to reach a total volume of EUR500 million. The European property debt fund will focus on building a subordinated loan portfolio secured by high-quality pan-European core/core-plus real estate, targeting a high single-digit rate of return at a maximum loan-to-value of the portfolio of 75per cent, DWS said. Jens Witzke...

AXA IM Alts, a global leader in alternative investments, acting on behalf of clients, and Swiss Life Asset Managers announce that in a new joint venture they have agreed to the acquisition of leading Spanish fibre business lyntia Networks from Antin Infrastructure Partners. lyntia Networks is a leading wholesale operator in the Spanish telecommunications market and the only neutral provider operating both lit and dark fibre, where it is the market leader. It owns and operates a high quality nationwide...

Housing landlord Heimstaden is taking over 149 homes from the Mooiland housing corporation. This concerns 68 single-family homes and 81 apartments that are part of fully owned complexes. The houses are located in Emmeloord (101) in Eefde (43) and in Wichmond (5). The transfer of the homes will take place on May 31, 2022. Heimstaden will manage and rent out the homes itself. The Mooiland housing corporation is mainly active in and around the Northeast Brabant region. Outside of that...

Aviva Investors has sold a mixed-use building in Denmark that it acquired from Patrizia two years ago. In January 2020, Aviva Investors and Public Sector Pension Investment Board (PSP Investments) announced the acquisition of the 24,500 square metres mixed-use retail, leisure and office asset situated in the centre of Copenhagen’s retail district. Patrizia invested EUR200m to buy Galleri K as a co-investment with a German scheme In September 2015. Aviva Investors said since the acquisition in 2020, it has been...

Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder, and Novaxia, a leading French urban investor and developer, have entered into a long-term strategic partnership (the “Partnership”) to invest in and, primarily, develop much needed new supply of life science real estate in France. Novaxia will act as development manager and co-asset manage alongside Oxford with the Partnership targeting approximately EUR1 billion (CUSD1.4 billion) of investment over the next few year. The fast growth...

M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces the sale of Formal Industrial Estate (“Formal IE”), Tewkesbury, Gloucestershire, to a private client of Real Estate Investment Management. The sale has been completed on behalf of a separate account mandate with a US private equity investor. M7 acquired Formal IE, which comprises a total of c.285,700 square feet of distribution and multi-let light industrial space, on behalf of its client as part of a...

Union Investment has secured a logistics and production facility in Kassel via a forward funding deal. The acquisition of the industrial building marks Union Investment’s entry into the light industrial asset class. The new headquarters of component manufacturer Hexagon Purus will be constructed in the Langes Feld commercial zone and is scheduled for completion by mid-2023. The purchase is being made for special fund UII Garbe Logistics Real Estate. The vendor is Hamburg-based developer property team AG. The parties agreed...

ECE Real Estate Partners have successfully sold Haid-Center Linz to institutional investors in a 130 million EUR transaction. The Haid-Center with 80 stores on a sales area of around 35,000 square metres was acquired for the “ECE European Prime Shopping Centre Fund I” in 2012 and has since been comprehensively developed and upgraded through modernization and optimization of the tenant mix. The transaction is accompanied by Aareal Bank with a “green loan” financing. ECE will continue to be responsible for...

Tristan Capital Partners’ Curzon Capital Partners IV Fund has completed the sale of a 7,000 square metres office asset located in Milan, Italy to a fund managed by Investire SGR. The asset formed part of an 82,774 square metres, mixed-use portfolio of five assets located predominantly in Milan and Rome. The sale marks the final asset sale and brings the total sales volume of this portfolio to EUR 73.5 million. Real Consultant was the operating partner for the mixed-use portfolio...