Industry News

Franklin Templeton today announced the acquisition of five new assets for its diversified social infrastructure impact platform (the Platform). The Platform, managed by Franklin Real Assets Advisors (FRAA) has acquired 22 assets for a total value in excess of EUR560 million2 since its launch in July 2018. In addition to the previously announced social infrastructure assets, the Platform has acquired five new assets in the healthcare, education, housing and civic sectors in Spain, Germany, the UK and Denmark. The new...

NREP, the leading Nordic real estate investor, announces that its NREP Income+ (NIP) fund has completed the acquisition of a portfolio of elderly care homes from Fastighets AB Stenvalvet, a Swedish real estate developer and manager, for c. EUR200 million. The portfolio increases NREP’s care home platform, Altura’s, exposure to demographically-driven projects that make a tangible difference to society, whilst meeting a clear long-term need, and generate income-orientated value. This transaction also aligns with NREP’s sustainability strategy and expands the...

Tristan Capital Partners’ core-plus CCP 5 Fund and DW Real Estate have completed the sale of a multi-purpose, multi-let high-quality office building in the south-western German city of Heidelberg to Patrizia. The c. 26,000 square metres property, situated in the Bahnstadt submarket benefits from its prime location in the town’s most established business district and within what has been designated as an ‘Integrated Campus of Knowledge’ due to the close proximity of a number of established research and development companies...

Principal Real Estate, the real estate investment team for Principal Global Investors®, completed on 18 February the first close of its closed-end fund dedicated to acquiring data centre assets in Europe. The initial capital raise for the Principal European Data Centre Fund (the Fund) beat its target, reaching EUR155 million. Subscriptions were received from seven investors, including asset managers, pension funds, and insurance companies located in France, Germany, Spain, and Malaysia. The amount is one-third of the total equity hard...

Edmond de Rothschild Real Estate Investment Management has acquired the Triton Portfolio in the Netherlands which contains four logistics assets in Eindhoven, Tiel, Helmond and Waddinxveen on behalf of its Edmond de Rothschild Euro Industrial Real Estate Fund. The assets are very well located at the top logistic hotspots in the Netherlands. The portfolio consists of c. 79,000 square metres LFA leased to tenants such as Lekkerland Nederland, ModeXpress and Vonk & Co. The acquisition was carried out by Edmond...

As part of the transaction, the Fund has simultaneously entered into a 27-year lease agreement with the University of Bath, which included annual CPI rent reviews, collared and capped at 0 per cent and 6 per cent respectively. Situated on Green Park Road, Green Park House offers 461 units of student accommodation arranged over six floors and four different room types. In keeping with Aviva Investors’ commitment to achieving net-zero across the entirety of its Real Assets portfolio by 2040...

Altera expands team with Jan-Bart Bergers as Data Specialist and Charlotte Butzelaar as Marketing & Communication Officer. Real estate investor Altera Vastgoed (hereinafter referred to as "Altera") announces the arrival of Jan-Bart Bergers and Charlotte Butzelaar. Charlotte Butzelaar (27) has joined Altera as Marketing & Communication Officer as of February 1, 2022. Butzelaar comes from Blackbear where she worked as a Marketer. Prior to that, she worked at Optimum Media Direction as a Strategy and Communications Consultant. Butzelaar has experience...

BNP Paribas Real Estate (BNPPRE) has appointed Michael Umfreville to lead a new team focused on the leasing and land acquisitions of data centres across the UK. Umfreville, who has enjoyed a successful career at BNPPRE in the city office leasing team, will expand his remit to focus on data centres within the firm’s alternatives division. Alongside co-ordination of the firm’s expertise in the sector, he will head up a niche team to support with aspects such as land and...

Real estate advisor CBRE has announced the appointment of Richard Bashford as a senior director in its UK Retail Investment team. His new role will encompass all aspects of Retail Investment, with an emphasis on the national high street, out-of-town and retail repurposing. He will work on projects throughout the UK but will be based in CBRE’s Bristol office. The appointment follows CBRE’s recent agreement to acquire CWM, an independent retail and leisure property consultancy in the United Kingdom. CWM...