Industry News

International real estate advisor Savills has expanded its flexible office specialist Workthere with the acquisition of flexible advisory business, Situu. Established in 2019 by its four co-founders: Dan Brown; Tom Leahy; Peter Hall and Harry Murphy, Situu is now a 10-strong London based agency who specialise in the delivery and marketing of managed office space on behalf of landlords. In addition, the firm secures serviced, managed and leased space for occupiers and serviced office operators across the capital. At Savills...

Clarion Partners Europe has completed the acquisition, on behalf of one of its co-mingled funds, of a 41,304 square metres Grade-A logistics property in Venlo, The Netherlands, for €47.4 million, from Patrizia SE . The grade-A single tenant property, constructed in 2016, is leased to a subsidiary of 3PL logistics and supply chain management business Arvato Group, with four years remaining. In line with Clarion Partners Europe’s commitment to responsible investing, the property has a BREEAM¹ Very Good environmental certification...

A joint venture between Zurich-based investment and asset manager StoneVest and US group Madison International Realty has acquired a light industrial property south of Berlin, Germany, from KWC Aquarotter, a provider of sanitary fittings for public facilities. Financial details were not disclosed. The asset, which comprises 15,500 square metres of warehouse and office space, has been acquired via a sale and leaseback transaction, with KWC Aquarotter signing a long term lease, over 15 years, as part of the agreement. The...

Mitiska REIM , the leading specialist investor in European convenience real estate, has today announced the sale of a 6.7ha land plot to Momentum Leisure to develop a theme and water park which will further reinforce the offering of the Europa Centralna retail center. Located on a 27ha site in Gliwice, Poland, Europa Centralna is the largest retail scheme in the city with a gross leasable area (GLA) of 67,000 square metres and parking for 2,000 cars. Mitiska REIM acquired...

Goldman Sachs has appointed Ivo de Wit as a managing director within the firm's real estate investing team in London. In his new role, de Wit will lead the strategic direction and growth of the European Core+ offering, bringing significant market knowledge and a strong track record. De Wit was formally at CBRE Investment Management, where he led their flagship global open-ended core+ fund. He is an adjunct professor at Columbia Business School. Established in 1991, Real Estate at Goldman...

UK-based commercial property investment manager Orchard Street Investment Management announced the appointment of Kathryn Barber as Head of Responsibility and ESG. In her new role, Barber will focus on building Orchard Street’s credentials as a responsible investor, and the integration of ESG across client portfolios. In addition, Barber will support the delivery of social and environmental impact on behalf of the firm’s inaugural Impact Fund, Orchard Street Social and Environmental Impact Partnership. The firm announced the launch of the impact...

Realterm announced today the acquisition of Pieter Hoebeeweg 99, an industrial outdoor storage (IOS) facility with 3,906 square meters of built area on a 32,220 square-meter site in Dordrecht, Netherlands. The property is fully leased to Sarens, a global leader in crane rental services, heavy lifting and engineered transport. Dordrecht's appeal extends beyond its sea connections, with excellent road infrastructure facilitating access to major European markets. The asset's proximity to the A16 and A15 highways enables efficient transportation links to...

Achmea Real Estate has leased a total of 7,260 sqm of retail space to new tenants on behalf of the Achmea Dutch Retail Property Fund (ADRPF) in recent months. In addition, several existing leases were extended on a long-term basis. Achmea Real Estate welcomed JD Sports (Beursplein, Rotterdam), Patagonia (Singel, Amsterdam), BA&SH (Hoogstraat, The Hague), Elbenwald (Lijnbaan, Rotterdam) and TK Maxx (expansion of current unit Grote Marktstraat, The Hague). Long-term extensions were concluded with Costes, Cotton Club and JD Sports...

Round Hill Capital, a leading global specialist residential real estate investor, developer and manager, announces that it has sold its Nido Living business to Canada Pension Plan Investment Board (CPP Investments). The transaction represents a successful disposal for Round Hill Capital, having owned the business for 12 years As part of the transaction, Round Hill Capital is also selling its stake in the existing student accommodation joint venture between the two companies, which comprises more than 5,000 beds across 15...