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Northern Horizon launches evergreen social infrastructure fund

Northern Horizon, specialized healthcare asset manager, today announced that the firm has successfully completed the conversion of its third healthcare fund into an open-ended fund. With the launch of the evergreen fund, Northern Horizon Aged Care Social Infrastructure SCSp SICAV-RAIF, Northern Horizon increases its long-standing commitment to address the shortage of modern care homes in the Nordics. ‘Aged Care Social Infrastructure Fund’ is the fifth healthcare fund managed by Northern Horizon. The fund is backed by equity commitments from follow-on...

Niam acquires logistics property in Oslo from Wastbygg Gruppen

Niam has signed an agreement with Wastbygg Gruppen's company Logistic Contractor, to acquire a logistics property that is under construction at Gardermoen in Oslo, Norway. The property, of c. 64,000 square metres, is fully let to the installation distributor Ahlsell on a fifteen-year lease, whereby they will establish their new central warehouse in Norway. Completion of this new central warehouse is planned for summer 2025. Source: europe-re.com on the 17th of April, 2024 https://europe-re.com/niam-acquires-logistics-property-in-oslo-from-wastbygg-gruppen-no/72914

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abrdn Property sold two business parks for €15.44 million

abrdn Property Income Trust Ltd , has sold two of its assets for a total price of €15.44 million. The sale was completed on April 17, 2024, and the buyer's identity remains undisclosed. The sale included Monkton Business Park in Hebburn and King's Business Park in Bristol. The Monkton Business Park was sold for €6.2 million, which is a 6% premium, and the King's Business Park was sold for €9.24 million, a 1.25% discount from the December valuation. The sale...

Appointment of Marc Noel as Chief Compliance Officer

Marc Noel started his career at Societe Generale in 2002 as legal advisor in charge of international litigations. He then joined the investment banking division of the French Banking Federation in 2005. Back in Societe Generale’s Group in 2007, Marc took the role of Legal Manager in charge of ETF & partnerships at Lyxor Asset Management, then became General Counsel of Lyxor. Marc joined Amundi in 2022 as Deputy General Counsel, in charge of supervising the group's products and market...

Redevco and former redos founder Oliver Herrmann launch Redevco Capital Partners to target European special situations real estate opportunities

Redevco capital Partners is set up in partnership with Oliver Herrmann, founder of redos, German large-scale retail specialist acquired by Redevco in 2022 and now fully integrated in Redevco. The London based, specialist Redevco Capital Partners team and its new Managing Director Mark Beaumont will be leveraging Redevco’s pan European platform of eight offices and circa 270 real estate professionals to invest across multiple asset classes in select European markets alongside strategic capital partners. This business initiative broadens Redevco’s risk-return...

AEW’s UK core-plus property fund acquires Northgate House in Reading

Asset manager AEW has acquired a 66,000 square feet town centre office building in Reading on behalf of its UK core-plus property fund. The manager’s AEW UK Core Plus Property Fund has invested £8 million (€9.4 million) to buy Northgate House on Valpy Street from a private property company. The office building is occupied by a government department. The acquisition forms part of AEW’s strategic site assembly, adding to its existing ownership of Tangent House and a public house to...