Industry News

Aleksander Loster, an expert with more than 20 years of professional experience in commercial real estate, has joined the Polish investment team of international real estate advisor Savills with immediate effect. He has been appointed as director in Savills Poland investment team, headed by Mark Richardson since 2023. In his new role, he will be responsible for working with international investment funds during the sale and acquisition of retail, industrial, warehouse and alternative assets. Prior to joining Savills, Loster was...

Germany's Union Investment has offloaded the historic Smultronet 6 office building in Stockholm for a price exceeding its latest valuation. Acquired in 2019, the property at Fleminggatan 39-43/Celsiusgatan 10 served as a valuable asset within their UniInstitutional European Real Estate fund. Taking over is Swedish real estate investor Niam , with purchase details remaining confidential. Designed by renowned architect Sven Wallander in 1939 and extensively modernized in 2013, Smultronet 6 stands in the Kungsholmen district, bordering Stockholm's vibrant city center...

Savills Investment Management has expanded its European Logistics & Industrial Fund (EULIF) with two new French assets, its second acquisition for the fund. The international real estate investment manager has invested an unspecified amount on behalf of EULIF to buy the fully-let 11,822 square metres assets in Amiens and Valence from French developer 6e Sens Immobilier. EULIF, an open-ended core-plus fund, was launched in January 2023 to target urban logistics and light industrial properties in “supply-constrained” European logistics markets. The...

Sirius Real Estate has invested €40 million in acquiring two German business parks and is in talks to buy additional assets in the UK and Germany. The owner and operator of branded business and industrial parks in Germany and the UK said it has acquired an asset in Cologne and another in Göppingen, in deals that add close to 55,000 square metres of primarily light industrial and production space to the group’s 1.9 million square metres German portfolio. The business...

Aviva Investors has acquired a newly-developed 12,000 square metres logistics hub located in Germany from Scannell Properties. The manager said the fully-let asset located in the ConneKT Logistics Park in the Kitzingen region of Bavaria was acquired on behalf of its perpetual capital portfolio. Source: realassets.ipe.com on the 12th of February https://realassets.ipe.com/news/aviva-investors-adds-12000sqm-german-logistics-asset/10071563.article

Barings has acquired a 70,000 square metres site in Italy from a private Italian company to speculatively develop a logistics project. The fund manager has invested an undisclosed amount through an Italian real estate fund managed by Savills IM SGR to acquire the site in San Giorgio Bigarello in Mantua (Mantova), on behalf of its second European value-add real estate fund, BREEVA II. Barings expects to develop a 37,000 square metres logistics warehousing which is expected to be completed in...

Swiss Life Asset Managers has set up its first open-ended private infrastructure fund to target investment opportunities across OECD countries. The manager has launched the Swiss Life Funds LUX Privado Infrastructure fund, which alongside its insurer parent, will target infrastructure investments in sectors including renewable energy, energy and utilities, communications, transport and social infrastructure. IPE Real Assets understands that Swiss Life AM expects the fund to reach €750 million, with an initial closing planned for April 2024. The fund invests...

Barings has invested an unspecified amount on behalf of a private insurance client to acquire a 264-home project in Sweden’s capital from Innovation Properties. The four-building project in central Skogås, in the Stockholm suburb of Huddinge, will be built in stages throughout mid-to-late 2025. Innovation Properties remains a partner in the project. The Huddinge scheme is the second Swedish residential investment for Barings, following the manager’s 585-apartment build-to-rent (BTR) project in Spånga’s Bromsten, Stockholm. Source: realassets.ipe.com on the 21st of...

Invesco Real Estate is adding a 31,000 square metres logistics hub in Austria to its European value-add fund. The fund manager has invested an undisclosed sum on behalf of its European Value Add Fund II (EVAF II) to buy a 45,000 square metres site in Traiskirchen for the logistics facility which will be developed with developer Propel Industrial. The project, comprising four independent units, is set to complete in the fourth quarter of 2024, Invesco Real Estate said. Source: realassets.ipe.com...