Industry News

Principal Real Estate Europe has acquired a core logistics asset for EUR25.73 million in Milan, Italy, for the Principal European Core Fund. Located at Via Molina 76, Milan in Italy, Vignate is a newly developed 29,000 sq m logistics asset fully let on a long-term lease to Multilogistics S.P.A., a 3PL company serving the local and international markets. As part of the Principal European Core Fund’s strategy to become carbon neutral by 2030, Vignate has excellent asset management opportunities, with...

Nordic real estate investor NREP said on Wednesday that it has raised EUR608 million in additional funding for NREP Income+ (NIP), its open-ended fund aimed at long-term investments into modern logistics facilities, middle-income residential, offices and care homes. The second closing has grown the fund by 50%, taking the total funds raised to EUR1.6 billion, with two thirds of commitments comprising top-ups from existing investors, with the remainder from new institutions. As the largest ever core-plus Nordic fund, NIP provides...

Meadow Partners is seeking $400 million in equity from institutional investors on behalf of Meadow Real Estate Fund II, to target assets in New York and London for its latest opportunistic real estate vehicle. Meadow Partners was founded in 2009 by the former investment committee co-chair of Westbrook Partners, Jeffrey Kaplan. The firm’s debut fund, which closed on $235 million in equity in July 2009, has invested in deals totalling $750 million and is now fully invested. PERE – 31...