Industry News

Clarion Partners Europe , the real estate investment fund manager specialising in logistics and industrial assets, has completed the acquisition of a 39,363 square metres, institutional quality logistics warehouse in Helmond, the Netherlands, for €49.7 million, from Dutch developer Next Level. This acquisition takes the total amount of capital deployed by Clarion Partners Europe – on behalf of its commingled funds – in the Netherlands so far in 2024 to c.€175 million. The BREEAM Very Good certified property, which was...

Joseph Vullo has been promoted to the new role of head of real estate, Europe at Columbia Threadneedle Investments . In this role, Vullo will provide leadership for Columbia Threadneedle’s panEuropean real estate platform, including the UK and Continental Europe. He currently leads the UK real estate business and will now take on additional oversight for the Continental Europe business, with Iris Schöberl and Ian Kelley continuing to head up operations in Munich and Paris respectively now reporting into him...

Northern Horizon , specialized healthcare real estate investor, is pleased to announce the successful deployment of the investment capacity of €648 million for its fourth Nordic healthcare fund, ACIV. As of March 2024, the fund owns 44 assets and has committed to 3 assets under construction, bringing the portfolio to 47 assets in total. Aged Care IV invests in modern, fit-for-purpose care homes and similar residential care assets in the Nordic countries. The fund’s strategy addresses the structural shortage of...

Real estate investment manager Barings has completed the acquisition of a prime logistics scheme spanning 39,000 square metres in Helsinki, Finland, on behalf of its European logistics joint venture (PELV) from an international asset manager. Financial details were not disclosed. Representing the first investment by Barings on behalf of PELV in the Nordics, the asset is made up of two warehouses constructed in 2009 and is fully let to three tenants. Building A, which contains 33,800 square metres of gross...

Sirius Real Estate has notarised the acquisition of a business park in Klipphausen, near Dresden, together with an adjacent land parcel for an acquisition price of €13.75 million. The acquisition has been made using the proceeds of November 2023’s €165 million capital raise. It represents the third asset to be acquired by Sirius in Germany this calendar year, and the sixth asset to be acquired across both Germany and the U.K. in recent months. The site has been acquired from...

CBRE Investment Management has appointed Sebastian Ehrhardt as the country manager for Germany, assuming the country manager role from Marius Schöner who held the dual position of country manager and head of the EMEA Residential Operator Division. Under Schöner’s leadership, as country manager, assets under management in Germany have grown from almost €1 billion in 2014 to around €5 billion currently. Schöner will remain part of the German management board but will focus on building-out the residential platform in Europe...

Amro Partners and Falco Capital have refinanced four operational student housing assets in Spain via a €70 million investment loan from Nuveen Real Estate, one of the largest real estate investment managers in the world with $149 billion of assets under management. The loan represents a major vote of confidence for the Spanish PBSA sector, which continues to grow in scale and depth. Nuveen Real Estate was attracted by the sector-leading green credentials of the portfolio, comprising projects in Madrid...

CBRE Investment Management , on behalf of a fund sponsored by the firm, has acquired a portfolio of two multi-family properties in Ballerup, Greater Copenhagen, Denmark. The portfolio comprises 16,974 square metres of high-quality residential space made up of 222 affordable rental units for middle-income households, as well as 77 garage spaces. The buildings were completed in 2023 to high sustainability standards and have DGNB Gold certification. Aimed at Copenhagen’s middle-income families, the buildings are already fully let; the apartments...

Nuveen Real Estate , one of the largest investment managers in the world with $149 billion of assets under management, and the investment advisor to a joint venture between an insurance separate account of its parent company, TIAA, Australian superannuation fund HESTA and Eagle Street Partners (Eagle Street), the pan-European real estate investment and asset manager, announces that works have started above ground on the site of its landmark build to rent development at Castleforbes Business Park in Dublin’s North...