Industry News

La Française Real Estate Managers said on Thursday that it has acquired its first life science property in Germany from a closed-end net lease fund advised by Crescendo Real Estate Advisors. The property, which was bought on behalf of one of La Francaise’s real estate investment vehicles, is located in the Eurocom Business Park, southeast of Nuremberg. The prestigious and almost completely glazed 6-story light industrial and office building was used in 1995/1996 as the central administrative headquarters and warehouse/logistics...

Italian real estate fund manager Coima SGR has teamed up with real estate company Red Circle to develop a fashion hub next to Milan’s Porta Romana railway yard. Coima said it has agreed the partnership with Renzo Rosso’s real property company to transform the former industrial site on Via Lorenzini into a 20,000 square meters fashion hub. According to sources, Red Circle and Coima will invest equally in the €200 million project. Coima acquired ownership of the Via Lorenzini complex...

Catella European Residential III Fund (CER III) has acquired a residential development project in Zoetermeer, near The Hague for €55 million through a forward-funding transaction. The new-built high-rise in Zoetermeer city centre will offer 134 spacious apartments primarily targeting the substantially underserved affordable mid-range rental sector. The project was acquired by Maastricht-based Catella Investment Management Benelux (CIMB) from developer De Maese on behalf of CER III. CER III is an Impact Fund focusing on environmentally friendly and affordable housing and...

The global asset management arm of insurer Aviva has added a 7,600 square meters office building in the Netherlands to its portfolio. Aviva Investors said it has bought the Zuiderhof II building located in Amsterdam’s central business district, expanding its portfolio in the city. The building provides office space spread over eight floors and an on-site restaurant facility. The deal is the third major acquisition by Aviva Investors in Amsterdam’s financial district Zuidas this year. The previous purchases include the...

Industrial Real Estate GmbH (“GARBE”), one of the leading specialists for logistics and industrial properties in Germany and elsewhere in Europe, is about to appoint Michaël Vidamant (38) as GARBE’s new Managing Director France. He will be responsible for setting up the branch office in France, as well as for the further expansion of the local footprint. Lionel Nicolas, the incumbent Managing Director, is leaving the company on his own accord. Michaël Vidamant brings around 14 years of experience on...

Schroders Capital has appointed Johan Brakenhielm as head of the Nordics for real estate. Brakenhielm, who has more than 20 years of real estate experience, will focus on strengthening the existing real estate platform in the region and on further developing the business. Most recently, Brakenhielm was chief operating officer of Swedish real estate company, Offentliga Hus, where he oversaw the property portfolio, transactions and was highly involved in the listing of company. His extensive experience also encompasses tenures at...

Global real estate company QuadReal Property Group has appointed Farhaz Miah as vice president research and strategy. Miah, who will lead QuadReal’s research function across the UK and European markets, joins QuadReal’s 12-strong team of global research and strategy experts. Based in London, Miah will report directly to Rosemary Feenan, executive vice president, research. He will be responsible for research and analysis into investment transactions and strategies, sector trends and unfolding geographies of opportunity in Europe. Miah brings significant experience...

The Board of Premico Group is pleased to announce the appointment of Sami Kiehelä (M.Sc Tech) as the new Chief Executive Officer and partner of Premico Group with effect from 1 September 2022. Premico Group’s current Interim-CEO, Jyrki Kaskinen will continue in the Board of the company and as a partner. Mr. Kiehelä has previously spent several years in CBRE’s Capital Markets division and most recently led the company’s Capital Markets business in the Nordic region. Prior to his regional...

Redevco, one of Europe’s largest privately-owned real estate investment managers*, hires Jonathan Cole in the role of Transaction Manager in the UK reporting to Tom Hoye. Jonathan starts today and will be part of Redevco’s Global Transaction Management team, headed by Adam Starr. Adam Starr, Head of Global Transaction Management at Redevco commented: “Transactions play a pivotal role in executing our growth strategy through delivering opportunities for multiple mandates across our four key investment themes of repurposing to mixed use...