Industry News

Optimum Asset Management has added a 1,636 square meters office to its fourth German real estate fund’s portfolio. The specialist real estate investment manager has invested an undisclosed sum on behalf of its German Real Estate Fund IV (GREF IV) fund to the commercial building in Düsseldorf. Built in 1986, the building consists of eight stories, including a ground floor. Alberto Matta, chairman and founder at Optimum Asset Management, said: “As we build out our portfolio, we look to invest...

Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder, and Novaxia, a premier French urban developer, (“the Partnership”) has completed the acquisition of the Biocitech life sciences campus in Paris, France. The deal marks the first acquisition of the Partnership, announced in May this year, to invest approximately €1 billion to acquire and develop life sciences buildings across France. Biocitech, located in the Romainville submarket of Paris, comprises 21,000 square metres of lab, office...

The New York-based firm is targeting $1-2 billion in originations in the region next year amid a 'super-interesting time' for non-bank lenders The platform will be led by Ali Imraan, who joined in January as head of European real estate credit and previously was managing director of debt investments and special situations at Chicago-based manager LaSalle Investment Management. Rounding out the London-based team are principal Saurav Chakraborti, formerly an executive director at Goldman Sachs; principal Francesco Cariati, previously an executive...

Fleetwood, who joined Redevco in the beginning of this year, will report to CEO Andrew Vaughan and is tasked to further streamline the firm’s value creation activities. Said Vaughan: ‘Chris has built a strong track record in urban development over the last 20 years. This expertise combined with his insights in how to generate even greater impact, is crucial in fulfilling our mission.’ Fleetwood takes over from Thierry Cahierre, who combined the function of head of global asset and development...

Suzanne Donohoe joins as chief commercial officer (CXO) and will lead a newly-formed platform to drive EQT’s external commercial activities. She joins EQT most recently from KKR where she was a partner & global head of strategic growth. Donohoe also built and led the client & partner group for over a decade and served as co-head of the inclusion & diversity council. Her prior experience includes an extensive global career at Goldman Sachs. Altogether, Donohoe brings thirty years of experience...

Real estate investment manager Barings has appointed Paul Smith as a director in its UK asset management team, with Philip Smith also joining as a senior associate. Paul Smith joins from Aviva Investors where he was responsible for the asset management of 15 assets valued in excess of £600 mln (€684 mln) within UK cities including Manchester, Birmingham, and London. Philip Smith has gained experience over the past six and a half years in JLL’s asset management team, focusing on...

Based in Savills' head office in London, Stoichkova was formerly at Rothschild & Co where she worked for over 16 years, leading on real estate and general industry M&A and capital raising deals. She started her career as an analyst at J.P. Morgan. Source: https://propertyeu.info/Nieuws/Senior-investment-banker-joins-Savills-Capital-Advisors/e6a1bc31-1cc8-4fd2-945c-c6792416e402, on 8 November 2022

The new position follows a move to open an office in Frankfurt in 2021, after those of Zurich and Milan. Schrecker brings more than 30 years of experience in the real estate sector, both in Germany and on an international level. He reports directly to Antoine Castro, chairman and CEO. Schrecker was head of Aoakore, a private equity and high net worth advisory firm active in the European real estate sector. He previously held several senior management positions within German...

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has acquired, on behalf of one of its funds, a hotel new-build in the Hamburg-Altona district. The property encompasses more than 10,000 sqm and features 220 modern hotel rooms and 44 apartments operated by hotel brands Moxy Hotel and Residence Inn by Marriott. Parent company of the two brands is Marriott International, the world’s largest hotel group with 30 different brands and 7,000 hotels in 131 countries. The property, which was...