Industry News

Dutch pension fund manager PGGM and Olmar have acquired the first asset for a newly created European port infrastructure investment venture. PGGM said it will hold a controlling interest in the new joint venture with the founders of logistic service provider Olmar holding the remaining interest. For the maiden deal, the partnership has invested an undisclosed amount to buy a storage and transhipment facility of the seaport near the Finnish city of Pori. PGGM and Olmar said they plan to...

Investment manager Barings has appointed Georgia Videan as associate director of loan closing in Europe & APAC, and Imogen Waters as ESG analyst in its European Real Estate Equity and Debt division. Joining the Barings Real Estate team in London, Videan has most recently been part of the property funds team at Gresham, the leading independent Australian-owned advisory and funds management business. In that role, Videan’s responsibilities included drafting and presenting investment papers and liaising directly with core investors on...

Global real estate advisor CBRE has announced the appointment of Amanda Stevenson as head of Investor Strategy within its ESG Consultancy team. Stevenson joins from Adapt Sustainability Consulting Limited, a boutique sustainability consultancy offering ESG services to real estate, asset management and technology companies. In her role as founder and director, she was responsible for developing a holistic ESG strategy service offering that focused on identifying ESG initiatives that would improve performance, minimize risk and ultimately support a client’s overarching...

Real estate investment manager Round Hill Capital has invested €183m in three accommodation deals in Spain. Round Hill said it has acquired the 400-bedroom Hotel Florida Norte hotel being redeveloped in Madrid for €120m, forward funded a 180-student bed residence in Madrid worth €30m and has bought a 413-bed student residence in Seville for €33m. Round Hill said acquired student accommodation will add an additional 593 student beds to Round Hill European Student Accommodation (RHESA), the European PBSA joint venture...

CBRE Investment Management (CBRE IM), on behalf of a fund sponsored by the firm, has acquired Project Strandhaven-Karlslunde, an 8,100 m2 affordable and sustainable residential asset in Karlslunde, Greve, Greater Copenhagen. The asset is newly built and already fully let; it comprises 108 residential units, each with its own balcony or terrace, and 96 car-parking spaces, meeting the affordability and sustainability requirements of the strategy. The building is well-served by local transport links. Marius Schöner, head of EMEA Residential Operator...

Belgian developer Immobel has announced the sale of The Woods redevelopment project in Hoeilaart, Flemish Brabant, Belgium to a family office. Immobel acquired the vehicles holding title to the site in 2020 and completed the redevelopment in early 2022. Since the acquisition and following the full refurbishment of the site, the occupancy rate increased from 40% to about 86%. Nestling entirely within the Sonian Forest in Brussels, The 10,000 m2 scheme offers an original and up to date working environment...

An investment fund managed by Nordic asset manager NREP has agreed to sell a residential portfolio of 942 apartments in Finland to local rental housing specialist Kojamo for an undisclosed amount. The portfolio consists of 13 assets in the Helsinki Metropolitan Area, Turku and Jyväskylä, with a leasable area of 32,000 m2. The assets, located adjacent to great local amenities and public transportation connections, have been developed by NREP and completed between the years 2017-2021. The portfolio is 100% BREEAM-certified...

Financial details were not disclosed. Situated in Chiari, the newly built logistics hub - completed earlier this month - consists of two buildings with a total area of about 84,000 m2, of which almost 14,000 m2 have been pre-let to an Italian operator in the logistics sector. The assets were built to Grade A standard and will achieve LEED Gold certification. The park is on an area of about 195,000 m2 adjacent to the Chiari motorway exit, along the A35...

Privately held investment firm Cain International has agreed an £86 mln (€100 mln) development loan with BauMont Real Estate Capital and YardNine for the development of a sustainable office property in central London. The 95,000 ft2 (8,825 m2) scheme at 100 Fetter Lane will be known as Edenica. The asset was acquired by BauMont in January 2021 with development partner, YardNine, and is located in City mid-town, in close proximity to Farringdon. The asset received planning consent in September 2021...