Industry News

DWS has appointed Martin Zdravkov as Lead Portfolio Manager. In this position he will be responsible for overseeing the firm’s European expansion into Living sectors in the region. Based in London, Zdravkov will report to Jessica Hardman, Head of Portfolio Management for Europe at DWS. Zdravkov joins DWS with over 15 years of equity and debt investment management experience across the UK and Europe, acting in a principal capacity acquiring, disposing, lending, and borrowing against ‘Living’ assets. His vast experience...

KKR, a leading global investment firm, today announced the appointment of Ian Williamson as a Managing Director and Head of Core Plus Real Estate in Europe, effective immediately. Williamson, who will be based in London, joins KKR from BlackRock where he was Portfolio Manager and will report to Guillaume Cassou, Head of European Real Estate at KKR. Williamson will oversee formation and lead KKR Real Estate’s pan-European core plus focused strategy, which will focus on investing behind high quality, substantially...

M7 Capital (M7C), a full-service real estate debt specialist, has provided a GBP7.3 million loan, on behalf of UK debt fund TREC II, to Garroch Investments, supported by Craigend Properties a regional real estate investor and asset manager, to finance the acquisition of Princes House, an office building situated in the centre of Glasgow’s financial services district. M7 Capital will provide the financing in two tranches, with an initial GBP6.3 million loan to support the acquisition of the asset and...

Commerz Real has acquired a residential complex, “Kopernikushof”, which is to be newly constructed in Heidelberg with 98 residential units, for its open-ended real estate fund Hausinvest from the project developer Diringer & Scheidel Wohnbau. Some 70 of the rented apartments are to be private housing, 28 residential units income-based subsidised housing. It was agreed that confidentiality be maintained on the purchase price. Construction is scheduled to begin at the end of 2021, the construction permit has already been granted...

CBRE Investment Management, on behalf of Zurich Insurance Group Germany, has completed the off-market acquisition of a Grade A office building in Paris from Sogelym Dixence, a French real estate developer. The property is located at 5 rue de la Baume - Paris 8th arrondissement, in the heart of Paris’s Central Business District (CBD). It is well connected to the Paris Métro via lines 9 and 13, as well as to national transport links through its proximity to Paris-Saint-Lazare. The...