Industry News

USAA Real Estate (USSARE) and U.K. build-to-rent (BTR) investor Packaged Living have entered into a new joint venture to develop a portfolio of multifamily BTR assets in the United Kingdom. The joint venture will pursue the acquisition, planning, construction and operation of multifamily BTR assets in the United Kingdom. It has closed on its first land acquisition in Liverpool. Packaged Living will be responsible for acquisitions and delivery of the joint venture’s portfolio. Source: https://irei.com/news/usaa-real-estate-packaged-living-form-u-k-btr-jv/, on 9 November 2022

Aareal Bank has completed a £239.9 million (€276 million) senior loan to refinance the acquisition of a hotel portfolio for an opportunity fund advised by Tristan Capital Partners, the panEuropean real estate investment manager. Aareal Bank acted as sole arranger, facility and security agent for the financing. Earlier this year Tristan’s opportunistic fund European Property Investors Special Opportunities 6 (EPISO 6) acquired a majority shareholding in Raag Hotels Limited which owns the boutique brand Point A. Comprising 1,387 rooms across...

M7 Real Estate announces in partnership with Oxford Properties Group that it has let c. 3,100 sqm of newly refurbished urban logistics space in Santa Perpetua, Barcelona, to Sostmeier. Sostmeier, a well-established pan-European logistics operator, has agreed to a five-year lease on the property meaning M7 has achieved 100% occupancy at the previously vacant asset, only two months after its acquisition. Since acquiring the asset from a private investor in August, M7 has undertaken a comprehensive asset management programme to...

Helge Krogsbøl has taken over as Heimstaden CEO from 1 January 2023. Patrik Hall has after more than 20 years decided to leave his position and continue as Senior Advisor and member of the Group Investment Committee. “Patrik has been the key force in taking Heimstaden from a small Malmø based company, to today’s pan-European platform with more than 300,000 people living with us. Leaving the CEO position to Helge will give him the possibility to focus on investors and...

The global real assets investment management firm has appointed Gioia Torresi and Pav Lamba directors in its European direct private infrastructure team. Reporting to the head of the European infrastructure investment practice, Lamba will be responsible for making European direct investments whilst Torresi will focus on the asset management of the European direct infrastructure portfolio and on sustainability and governance. With 10 years of experience within the investment and advisory industries across London and Toronto, Lamba will source, execute and...

Chris Helin has been given the job of head of property development and customer relations at the real estate arm of Sweden’s biggest pension fund. He joins the firm from his most recent role at Atrium Ljungberg in Stockholm, where he worked in various roles for almost 11 years, most recently as regional manager with responsibility for the firm’s leasing department and half of its property portfolio. The property arm of the pension fund said Helin would start work in...

Savills has today announced the hire of Orla Coyle as Head of ESG Ireland with immediate effect. She will be based in the Dublin office. Orla joins from the Sustainable Energy Authority of Ireland, where she worked on the decarbonisation and retrofit of public sector building stock and providing support to government departments on the development of policy and regulations for Irish buildings. Orla is a Chartered Engineer and is a member of Engineers Ireland (EI) and the Chartered Institute...

Redevco, one of Europe’s largest privately-owned real estate managers, has promoted Chris Fleetwood to head the Global Asset and Development Management function as of November 1, 2022. Chris, who joined Redevco in the beginning of this year, will be reporting directly to CEO Andrew Vaughan and is tasked to further streamline the value creation activities of Redevco with its impact agenda. Andrew Vaughan, CEO Redevco: “As an urban regeneration specialist, Redevco is on a mission to lead the transformation of...

GARBE Industrial Real Estate GmbH (“GARBE”), one of the leading specialists for logistics and industrial properties in Germany and elsewhere in Europe, has opened a branch in Vienna and will be expanding its activities in Austria. GARBE now operates 16 branch offices across Europe, including in the Netherlands, France, Italy, the United Kingdom, the Czech Republic, Poland and Slovakia in addition to its home market of Germany. Barbara Hrubesch (39) was appointed as Managing Director of GARBE Industrial Real Estate...