Industry News

Daniel Jessop has been appointed Head of Workthere Germany with effect from 1 February 2023. Based in Hamburg, he will manage and further expand Savills flexible office specialist in the country. Jessop joins from WeWork Deutschland GmbH where he was Leasing Director for Hamburg, Cologne, Frankfurt, and Munich. Source: workthere.com on the 3rd of February 2023 https://www.workthere.com/en-gb/news-guides/news/daniel-jessop-takes-the-helm-at-workthere-in-germany/

Advisor CBRE has announced the addition of Robin Stenlund to its Sweden office as an advisor and specialist in hotels. Stenlund’s most recent position was at Newrest where he worked as CFO for Scandinavia. Prior to this, he held the role of investment manager and analyst in Hotel Real Estate Investments & Asset Management at Midstar AB. In 2022, CBRE increased its focus on hotels in the Nordics with the aim to deliver strategic and operational advice, as well as...

Rodrigo Cortes, a Madrid-based professional who has spent nearly four years at Spanish real estate company Azora, has joined US real estate giant, Tishman Speyer. Source: propertyeu.info on the 1st of February 2023 https://propertyeu.info/Nieuws/Azora-s-head-of-client-development-joins-Tishman-Speyer/6a1d0481-b5ac-43c2-b3d2-e2afa55f885f

Leading diversified professional services and investment management company, Colliers, announced today that it has entered into an affiliate agreement with the leading real estate advisory and management firm, Arbitrage Real Estate SA (Arbitrage), based in Athens, Greece. Under the agreement, Arbitrage will create a new operation, Colliers Greece, to represent Colliers brand with expert services in the country. Source: Colliers.com on the 1st of February 2023 https://www.colliers.com/en-nl/news/20230201-colliers-grows-emea-services-with-affiliation-in-greece

Tristan Capital Partners’ TIPS One "Income Plus" Real Estate Debt Fund has provided €58 million of senior debt financing to 1Box for the refinancing of a portfolio of self-storage assets in the Netherlands. The portfolio comprises 18 self-storage assets with 67,000 square metres of lettable area, geographically spread across the Netherlands, assembled through the acquisition of single assets and smaller portfolios and through the conversion of properties from other use classes. The funding has been provided to refinance and consolidate...

Generali Real Estate has hit the market with its follow on real estate lending fund, Generali Real Estate Debt Investment Fund II (GREDIF II). The Italian giant said it had slated a target size of €1 billion to make senior debt investments with a loan-to-value of up to 60% and variable rates. It also said the new vehicle was a SFRD Article 8 fund. Source: propertyeu.info on the 1st of February 2023 https://propertyeu.info/Nieuws/Generali-guns-for-1b-debt-fund-closes-first-deal-in-France/aad486ee-5d52-492e-b236-3432df96e89b

Pan-European institutional investor Patron Capital, in partnership with warehouse developer 7R, have sold a logistics asset in Goleniów, Poland to an undisclosed institutional investor for €22 million. Constructed for Hultafors Group in 2021 on a ‘build-to-suit' basis, the 30,000 square metres warehouse is located close to the Polish-German border in Goleniów near Szczecin, Poland’s seventh-largest city known for its seaport that connects with the Baltic Sea. Source: Propertyeu.info on the 6th of February 2023 https://www.propertyeu.info/nieuws/Patron-Capital-and-7R-divest-Polish-warehouse-project/280000a5-1ea7-4e9f-9147-b3f3e047917b?utm_source=dlvr.it&utm_medium=twitter

The Royal Mail Pension Plan (RMPP) has selected BlackRock to manage its £8.8 billion (€9.9 billion) pension scheme assets as an outsourced chief investment officer (OCIO). Members of RMPP’s investment team will move to BlackRock and continue to manage the scheme’s investments, while benefitting from the scale execution and risk management capabilities of a full-service asset manager, and supported by its expertise and technology resources, it was announced. Source: IPE.com on the 2nd of February 2023 https://www.ipe.com/news/uk-roundup-royal-mail-pension-plan-picks-blackrock-for-88bn-ocio-mandate/10064866.article

La Française Real Estate Managers (REM) acquired a portfolio of 38 Grand Frais stores located in mainland France as part of a share deal with a valuation of the real estate assets of approximately €190 million from Abénex, acting for the investor account. The portfolio had previously been acquired in 2016 by an OPPCI managed by Abénex, as part of a proprietary transaction. The team ensured the pro-active management of the 38 stores since the acquisition, in particular by maximizing...