Allianz Real Estate, acting on behalf of several Allianz Group companies, has acquired, in an off-market transaction, its first Private Rented Sector (PRS) portfolio in Spain.
The assets have been acquired through a purchase of a controlling stake of a joint venture vehicle, Elix Vintage, owned by global international investor KKR, the private markets specialist Altamar Capital Partners, and other investors, via a tender offer.
The transaction follows investments earlier this year for Bouwinvest’s institutional European mandate in affordable housing in Scandinavia and Belgium.
Ireland's Iput Real Estate, the largest owner of offices and logistics assets in Dublin, has purchased 64 acres (26 ha) of development land in Dublin slated for logistics projects.
Financial details were not disclosed.
Italian insurer Generali has acquired the Melius office building in Luxembourg from Hannover Leasing, part of the Corestate Group, PropertyEU has learned.
The building, which houses the headquarters of global trust service provider Alter Domus, changed hands for a price of over €105 mln, according to market sources.
Allianz Real Estate, acting on behalf of several Allianz Group companies, has granted 78 per cent of a EUR185 million loan alongside BNP Paribas Real Estate to Icawood for a complete restructuring operation located in the 18th arrondissement of Paris.
This loan demonstrates Allianz Real Estate’s confidence in Icawood, a fund specialising in low-carbon-emission office developments.
Allianz Real Estate is targeting a reduction in carbon emissions from its global portfolio of 25 per cent by 2025. The decrease is part of the firm’s wide-ranging and extensive global sustainability program initiated in 2019 and supports Allianz Real Estate’s overall aim to be carbon net-zero by 2050.
As the real estate and construction sector accounts for nearly 40 per cent of global greenhouse gas emissions, the company is accelerating its decarbonisation strategy in light of the urgent need to address climate change.
The scope of this commitment covers all five continents where Ivanhoé Cambridge owns properties, either wholly or through partnerships, comprising some 800 properties in a variety of asset classes: office and logistics buildings, shopping centres, residential units and hotels.
Allianz Real Estate, on behalf of several Allianz group companies, has acquired a special purpose vehicle (SPV) owning a newly built, last-mile logistics facility in southern Vienna for EUR72 million.
The SPV has been sold to Allianz Real Estate by Exeter Property Group.
Bouwinvest Real Estate Investors and CBRE Global Investment Partners (CBRE GIP) have entered into a strategic partnership with ION, one of the leading real estate developers in Belgium, to invest €280 million in affordable new-build houses and apartments exclusively for the rental market.
Bouwinvest and CBRE GIP, on behalf of one of its clients, will be equal investment partners while ION will take a minority interest and act as service provider. The joint venture’s initial investment capacity of €280 million is expected to increase over time.
Dutch group Bouwinvest Real Estate Investors announced on Wednesday that it has committed €100 million to a strategy targeting various sectors, including affordable rental housing for middle-income families, care homes and logistics in the Nordics on behalf of a European mandate.