Industry News

Florian Obermaier (36) has assumed responsibility for Product Management Institutional Clients at Commerz Real. This was announced by the real assets subsidiary of Commerzbank. Obermaier is joining the company from the real estate asset manager BMO Real Estate Partners (now Columbia Threadneedle Investment), where for the past six years he has been responsible for the fund and asset management for special assets with the investment focus on residential properties, and where he ultimately held the position of Director Fund Management...

Sina Gittrich (41) is the new Head of the AIFM Services division at INTREAL. She succeeds the previous head, Malte Priester, who has left the company on his own accord as of 31 July 2022. Gittrich joined INTEREAL in 2016, and was appointed deputy head of the division that same year. Previous career stops of Gittrich, who holds a degree in business economics, include HSH Real Estate, HGA Capital Grundbesitz und Anlage, and HIH Invest Real Estate. The AIFM services...

LaSalle Investment Management (“LaSalle”) today announced that after 28 years of distinguished service and leadership of the Research & Strategy group at the firm, Jacques Gordon has confirmed he will retire from the business at the end of 2022 in to order pursue interests in higher education. He will remain as the Global Head of Research & Strategy through the remainder of this year, and will be succeeded by Brian Klinksiek, LaSalle’s current Head of European Research & Global Portfolio...

CBRE Investment Management has appointed Krijn Taconis in a key position to boost business for the firm. As head of transactions in the Netherlands, he will focus on business development and ‘complex’ acquisition and disposal processes, while also working with EMEA teams and being part of the firm’s Dutch leadership. It is a return to the fold for Taconis who spent 11 years at the company as executive director and head of retail in Amsterdam. He left in May 2018...

As part of its ongoing development strategy to widen its market coverage and address a broader range of international institutional investors, Primonial REIM has appointed four new team members to strengthen its business development unit. Alexander Tilson has been appointed as managing director, business development, Primonial REIM UK, based in London. He will focus on international investors located in the UK, Scandinavia and Benelux. Tilson has almost 20 years’ experience in European private real estate capital raising and investing. Before...

BNP Paribas Asset Management (BNPP AM) has raised more than €700m for its second senior commercial real estate debt fund. The manager said the amount raised for BNP Paribas European Real Estate Debt Fund II, exceeded the fund’s €500m target. Fund II’s predecessor closed in April 2021, with €335m of capital now fully deployed across 12 assets in continental Europe. The fund has so far been deployed across 19 transactions in Continental Europe, in the logistics, office and residential sectors...

Industrial giant Prologis has expanded its UK portfolio by acquiring two prime urban logistics estates in Greater London for £200 mln (€236.4 mln). The two estates, based in Park Royal and Watford, were purchased from Schroders Capital Real Estate and comprise over 362,000 sq ft (33,630 m2) of last-mile logistics accommodation. They are fully leased to occupiers operating in diverse industry sectors including distribution, construction and pharmaceuticals, as well as film and television. Central Park in Park Royal is an...

Redevco, one of Europe’s largest privately-owned real estate investment managers*, has acquired 11 Minerva Way in Glasgow on behalf of one of its investor clients. The seller, CBRE Investment Management, has already secured a planning consent for roughly 200 residential units. The 3.24-acre (1.3 ha) site includes a single 45,871 sq. ft (4,262 sqm) property with a ground and mezzanine floor let to Nuffield Health as a fitness centre. This acquisition and the longer-term ambition to use the site to...

Real estate investor Altera Vastgoed has taken delivery of Karakter, the second building of project ’t Zand in Utrecht by VABO Ontwikkeling. Following completion of this phase of construction the building’s brand-new tenants were presented with their keys last week. After Waterval, Karakter is the second building in the project to be completed and transferred to Altera. It hosts 47 apartments, all of which already have tenants. The name ‘Karakter’ was inspired by a book by F. Bordewijk, who just...