Spezialfonds outperform German inflation despite a dip in German non-listed real estate vehicles in Q3
12 December 2018, Amsterdam – INREV’s German Vehicles Quarterly Index for Q3 2018 recorded a slowdown in performance of German vehicles. Overall returns fell to 0.74% compared to 1.06% the previous quarter, bringing the 12-month rolling return to 4.02%.
The downturn was largely driven by slower capital growth at 0.37%, dropping off from 0.50% in Q2 and 1.01% in Q1 2018.
Tre Kronor Property Investment has acquired a SEK903m (€88m) grocery store portfolio in Sweden from a Brunswick Real Estate fund.
Brunswick Real Estate said it sold the 50-property Grocery Stores Sweden (GSS) portfolio on behalf of Sveafastigheter Fersen II to the listed firm.
IPE Real Assets – 08 November 2018
Swiss Life Asset Managers purchases 'Laetitia' portfolio for the new BEOS Corporate Real Estate Fund Germany IV (CREFG IV)
Swiss Life Kapitalverwaltungsgesellschaft mbH (Swiss Life KVG), in cooperation with BEOS AG, has purchased the "Laetitia" portfolio consisting of 32 commercial properties at locations throughout Germany. The properties form the seed portfolio of the new open-ended real estate specialty AIF's CREFG IV, which is managed by BEOS AG. The seller of the portfolio is Aurelis Real Estate. The parties have agreed not to disclose the purchase price.
Press release – 08 November 2018
Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) just acquired “Güterhallen,” a historic warehouse complex of 15,846 square metres, from Aurelis Real Estate. The assets, which are part of the Mitte Altona neighbourhood development in Hamburg, are earmarked for an individual fund. It was agreed not to disclose the purchase price.
Press release – 07 November 2018