Industry News

M7 Real Estate has sold the Forte 9 office building, formerly known as Cervejaria Lusitânia facilities, on Avenida do Forte in Carnaxide, Lisbon, to Lusoproa, a Portuguese real estate developer. The transaction was mediated by CBRE, who was mandated by the seller to manage and complete the sales process. With the licensing approved, the Forte building will be fully destined for services, totaling about 3.500 square metres of GCA spread over 3 floors, which add up to 116 parking spaces...

Allianz has reportedly acquired an office building at Milan’s Via Solferino from US asset management giant Blackstone for a price of €200 million. According to a news report by Italian paper Il Sole 24 Ore, the transaction took the form of a sale of the units in the Delphine fund managed by Kryalos and invested by Blackstone. The office complex consists of 3 buildings fully leased to Cassa Depositi e Prestiti, flexible office group WeWork and to a bank. The...

AXA IM Alts, a global leader in alternative investments with over €188 billion of assets under management, has been granted planning approval to deliver a c.44,000 square metres affordable housing development in the Tetuán district of Madrid. This significant milestone follows the acquisition of the site, on behalf of clients, in December 2019. On completion, expected in Q4 2024, the scheme will comprise c. 540 high-quality apartments across two 24-storey properties, alongside an array of amenities including landscaped gardens, a...

M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted properties, announces that it has fully invested its sixth value add European investment fund, M7 European Real Estate Investment Partners VI (“M7 EREIP VI” or the “Fund”). In total, the Fund has completed €160 million of acquisitions in the office and industrial sectors across key regional markets in the Netherlands and Ireland. The portfolio comprises 20 assets totalling 62,000 square metres of industrial properties, and 73,000 square metres...

HIH Invest Real Estate GmbH (“HIH Invest”) just acquired a storage and manufacturing warehouse of 6,193 square metres, located at Bordeaux-Strasse 3 in Bremen. The property was sold by KBK Immobilien UG & Co. KG, a management company owned by Emotion Warenhandels GmbH, the trading company which rented the building on a twelve-year lease that includes a renewal option. The acquisition took the form of an asset deal on behalf of “HIH Deutschland+ Core Logistik Invest,” an open-ended special AIF...

CAERUS Debt Investments AG has facilitated a property acquisition by EPISO 6, a fund managed by Tristan Capital Partners (Tristan Capital), by providing a senior loan of €13 million. With the funding, Tristan Capital is acquiring an established and diversified business park in Heerlen, Netherlands, for its EPISO 6 fund. The property mainly comprises light industrial buildings, complemented by office uses. It has a total lettable area of 35,800 square metres, occupied by over 110 tenants. Among other things, the...

Pensioenfonds ING joined the ASR Dutch Farmland Fund on 1 January 2023. Pensioenfonds ING, alongside existing investors a.s.r, BPL Pensioen and DELA, will invest in this unlisted real estate fund of a.s.r. real estate for a total amount of € 100 million. The ASR Dutch Farmland Fund manages 36,000 hectares of Dutch farmland worth € 1.8 billion. The ASR Dutch Farmland Fund’s agricultural portfolio has been built up over more than a century. The fund invests in agricultural land in...

Northern Horizon Capital, the management company of Finland's closed-end Baltic Horizon Fund, has executed a number of management changes. Edvinas Karbauskas has been elected as a new member of the management board of Northern Horizon Capital, starting 3 January for a period of four years. Karbauskas is also appointed as co-fund manager of Baltic Horizon Fund together with Tarmo Karotam, the current fund manager. Algirdas Vaitiekunas, a long term member of the management board of Northern Horizon Capital, will resign...

Rental housing specialist Greystar Real Estate Partners has appointed Thomas Charvet as managing director of Greystar France. Charvet takes over from Hideki Kurata as head of Greystar France who has left the company to pursue other opportunities. Charvet will be tasked with the overall management of Greystar's French business, including investment strategy, acquisitions and the growth of the development business, mainly high-quality residential properties, student and young professionals residences in Paris, the Ile-de-France and all major French cities. The senior...