Industry News

US privately-held developer-investor Hines has announced the appointment of Lorenzo Peñalver as investment director in Spain. Peñalver has 16 years of experience in operations and financial management in the real estate sector. He joins Hines from Aberdeen Asset Management, where he was senior transaction manager in Spain and Portugal, and Asset Manager for part of its real estate portfolio spanning logistics, office and hotel assets in Spain, and retail properties in Portugal. He also has a wealth of broader real...

Dutch real estate investor Altera Vastgoed has announced the hire of Jeroen Post as asset management retail. Post, aged 31, has taken up his duties with effect from 1 January 2022. He joins Altera from Wereldhave, where he worked for several years as leasing manager. Prior to that he worked at BNP Paribas Real Estate and Peters & Van der Vloodt. Post has over six years’ experience in areas including value optimisation, the letting process and the operation of various...

Areim continues its growth in the Nordics and is now opening an office in Copenhagen. Peter Frische has been recruited to the new role as Head of Denmark. Peter joined Areim on 3 January and will be responsible of Areim’s Danish business platform. Peter comes with 25+ years in the Danish Real Estate Market, most recently as an Associated Partner at EY. He has previous experience with companies such as Industriens Pension, Norrporten, and Sadolin & Albæk A/S. Peter will...

Real estate lender and investor Octopus Real Estate has agreed upon a funding partnership with affiliates of Bayview Asset Management to provide two-to-five-year senior investment debt to the UK commercial real estate market. The funding partnership has an initial commitment of GBP450 mln (EUR540 million). Having identified an undersupply of loans in the smaller commercial investment debt market, the funding will target loan opportunities up to GBP25 million, Octopus said. Nick Westoby, commercial fund manager, Octopus Real Estate, said: 'Today’s...

CBRE Investment Management has acquired the Nexus portfolio, a 211,803 m2 logistics portfolio located in Poland, from European Logistics Investment, a vehicle jointly managed by Griffin Real Estate, Redefine and Madison International Realty. Financial details were not disclosed. The deal was struck on behalf of one of its separate account clients, and comprises a total of eight buildings across six Grade A warehouse complexes. This includes Panattoni Park Warsaw Airport I, Panattoni Park Sosnowiec II, Panattoni Park Bydgoszcz II, Lódz...

Swedish real estate private equity firm Niam has acquired two additional mixed-use properties in Sweden from Grosvenor Europe. The assets includes Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm. Financial details were not disclosed. The properties include a variety of necessity driven retail such as grocery, healthcare and restaurants. Väsby Centrum includes office and leisure space as well as 80 retail units, while Bålsta Centrum, situated near the town hall and...

European privately-held real estate investment manager Redevco has agreed to acquire Templars Square in Oxford, UK, for GBP38.8 million (EUR42.5) million from New River. Redevco is purchasing the 1960s local shopping centre with a view to transforming it into a residential-led mixed urban scheme over the next decade. The project has a pre-existing planning consent that includes 226 residential units. Templars Square, which lies 2.5 miles (4 kms) south-east of Oxford’s city centre, is a covered mall-based shopping centre with...

Aviva Investors Real Estate France, a subsidiary of Aviva France, has acquired an office building in Paris on behalf of one of its clients from the Paris Ile-de-France Chamber of Commerce and Industry (CCI). The property known as 18 Toudic is situated in the 10th arrondissement of Paris and was built in 1930. The former customs warehouse features Art Deco architecture. The asset will be fully restructured, in line with its original architecture, to offer approximately 6,500 m2 of office...

Union Investment has sold the Metso Outotec Office Campus in Espoo, Finland, to Corum Eurion, a fund managed by Corum Asset Management. The property, which was completed in 2014, offers 14,376 m2 of rental space and is fully let to Metso Outotec, a listed tech company in the machine and plant engineering sector. The parties agreed to keep the price confidential. The property had been acquired by Union Investment in 2012 for its UniImmo: Deutschland open-ended real estate fund through...