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Catella AB appoints new CEO and President

The Board of Catella has appointed Christoffer Abramson as CEO and President of Catella Group. Abramson will begin his role no later than by the Annual General Meeting, 25 May 2021. Abramson has been the Chief Financial Officer since 15 October 2020. ”The Board of Catella is delighted to announce the appointment of Christoffer Abramson to the position of CEO of Catella Group. Over the past four months, Christoffer has not only transformed our finance function but also helped us...

Octopus Real Estate, Schroders Real Estate and Audley joint venture secures £47 million development loan for high-end retirement village in Cobham

A joint venture between Audley Group (Audley), Schroders Real Estate and Octopus Real Estate, has completed on a GBP47 million development finance facility with Silbury Finance to fund the development of a 74-apartment Audley retirement village in Cobham, Surrey. Alongside equity investment from Octopus Real Estate and Audley, the 26-month loan will fund the development of a retirement community in a highly sought-after location in Cobham, in the South-East. The retirement village, Audley Fairmile, will be operated by Audley and...

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Union Investment acquires Dutch logistics portfolio from STELLAR DEVELOPMENT

Union Investment has partnered with STELLAR DEVELOPMENT on a speculative forward funding logistics portfolio in the Netherlands with a total lettable area of around 83,000 sq m. The logistics portfolio consists of three developments in Wijchen, Aalsmeer, Utrecht. The acquisition was made for the portfolio of the open-ended real estate fund UniImmo: Global. The seller is STELLAR DEVELOPMENT C.V.. The parties have agreed not to disclose the purchase price. The economic transfer (closing) has now taken place for the project...

AEW acquires residential development in Amsterdam

AEW, a global real estate investment manager, has acquired a prime residential asset in the Oostenburg urban development project in Amsterdam. The asset was acquired off-market through a forward funding agreement with developer Stadswerf Oostenburg Ontwikkeling (SOO) on behalf of a new mandate for a German insurance group. De Amsterdam, which is due to complete in Q2 2022, will deliver 32 freehold apartments over four floors totalling 2,100 sq m. The asset will offer high quality, partially furnished units whilst...

BlackRock Real Assets acquires Sainsbury’s warehouse for £90.5 million

A fund managed by BlackRock Real Assets has acquired a Sainsbury’s distribution warehouse in Bedford from Legal & General for GBP90.5 million. The 462,746 sq ft unit is let to Sainsbury’s on an unexpired lease term of 15 years with five-yearly RPI-linked uplifts subject to a floor of 2 per cent and cap of 4 per cent pa. Claire Cierpka, Assistant Portfolio Manager at BlackRock Real Assets says: “The transaction is underpinned by strong fundamentals being a well-located, high quality...

PGIM Real Estate acquires two Paris residential buildings

PGIM Real Estate is the real estate investment and financing business of PGIM, the USD1.5 trillion global investment management business of Prudential Financial, Inc (NYSE: PRU). The two residential buildings in the portfolio are located in the heart of the 16th arrondissement, in one of the most established residential markets in Paris, close to the Arc de Triomphe, avenue Victor Hugo and rue le Sueur. The first asset called Le Sueur, located nearby Avenue Foch, offers 5,300 sq m of...