Industry News

Advisor Colliers has completed its previously announces acquisition of a controlling interest in Pangea Property Partners, a major capital markets advisor in Sweden and Norway. Following the deal, Pangea becomes Colliers’ new company-owned operation in Norway and will merge with Colliers’ existing company-owned operations in Sweden. Source: https://propertyeu.info/Nieuws/Colliers-completes-acquisition-of-Pangea/ef703312-388f-434f-aa79-84b4ce7d232d, on 6.12.2022

Global alternative asset manager Cheyne Capital Management has provided a €200 million-plus senior secured loan to leisure hospitality platform Beaumier, underscoring its confidence in the European lifestyle hotel market. The loan will be used to refinance Beaumier’s existing bank facilities and support an ambitious capital expenditure programme, Cheyne said. Owned by KSL Capital, the Beaumier platform consists of 12 lifestyle hotels in France (the Alps, the Luberon/Provence, and the Cote d’Azur), Switzerland (the Alps) and Spain (the Balearic Islands). The...

CBRE Investment Management has sold neighbourhood shopping centre Lurup Center in the German city of Hamburg to investment and asset manager Captiva and fund services provider Universal Investment. The fully leased asset had been held on behalf a separate account mandate. Financial terms of the deal were not disclosed. The asset at Eckhoffplatz 1 offers around 13.300 sqm of leasable space as well as 410 parking spaces. Anchor tenants include a Kaufland supermarket, drug store Rossman and non-food discount chain...

Aviva Investors, the global asset management business of insurer Aviva, has completed a €92.7 million investment in Cross Keys Homes, a social housing association based in Peterborough, the UK. The investment has been made on behalf of Aviva UK Life’s annuity business and means Aviva Investors has now invested almost £360 million in social housing providers across the UK in 2022. Cross Keys Homes will use the funding to support its ongoing growth and development plans, including the building of...

UK-focused investment manager Apache Capital has sold Cumberland Place to City Developments Limited, a Singaporebased investor and developer for over €35 million, representing an exit yield of 4.81% and exceeding the target sale price. Completed in 2018, the high quality student housing development is situated in the heart of Southampton and is Apache Capital's last purpose-built student accommodation scheme. The property, which is fully let and has achieved 100% occupancy year-on-year, comprises 206 direct-let student beds arranged over 12 storeys...

The ASR Dutch Core Residential Fund, managed by the property arm of insurer ASR, has secured a €250 million commitment from an unnamed Dutch pension fund. ASR said the new capital commitment would enable the €2.2 billion residential fund to continue to invest in the mid-priced rental segment in the Netherlands, where there is a huge shortage of stock. Launched in 2013, the ASR Dutch Core Residential Fund focuses on sustainable, high-quality apartments and single-family homes in the medium-priced rental...

Catella Real Estate has acquired a recently completed logistics warehouse in the southeastern Netherlands on behalf of its Catella Logistik Deutschland Plus (CLD+) Fund. The purchase is the fund’s 11th to date and marks the second acquisition in the Netherlands. Financial details were not disclosed. Located in the town of Haelen, near the city of Roermond in the province of Limburg and close to the German border, the 16.065 sqm property was acquired from Dutch fulfillment company Dimass Group in...

NREP, an urban investor with €18 billion of assets under management, has acquired the Eteläesplanadi 2 office building in Helsinki, Finland. Although financial details were not disclosed, the price is said to be around €115 million. The acquisition forms part of NREP’s strategy to grow its sustainable offices portfolio, focusing on high quality properties in strong locations. NREP’s strategy focuses on the Nordic markets, where the office sector has remained more resilient than many other European capitals. NREP invests in...

BC Partners Real Estate and Freo Group have announced the completion of their joint acquisition of the office building located at Gran Vía de les Corts Catalanes 764, in the city centre of Barcelona, for an undisclosed amount. This asset, which has been the Spanish headquarter of pharmaceutical company Novartis since the 70’s, is an iconic corner building in the city, located in the Eixample district close to the famous Sagrada Familia. BC Partners Real Estate and Freo have acquired...