INREV Vehicles Universe Q1 – Non-listed surpasses €325 billion mark
Vehicles continue to grow in size as the average NAV of vehicles in first quarter of 2019 increased to €567.8 million
Vehicles Universe
Round Hill Capital Sells a Residential Property Portfolio in the Netherlands for EUR1.39 billion
Round Hill Capital, a leading real estate investment, development and asset management firm
Cording launches eurozone fund to invest in light industrial assets
European investment and asset manager Cording Real Estate Group has launched a new investment fund
Average vehicle size breaks €550 million mark
The average NAV of vehicles increased to €552.3 million, up 11.3% year on year during the course of 2018.
Funds keep growing
The average NAV of vehicles increased again in Q3 to €534.7 million, up 1.9% from the previous quarter, indicating that’s funds continue to grow in size according to the INREV Vehicles Universe Q3.
LaSalle assumes sole management of EUR1.8 billion European core fund
LaSalle Investment Management has taken over sole management of the €1.8bn pan-European real estate fund Encore+.
The open-ended core fund had been managed in conjunction with Aviva Investors since its inception in 2006, but in May it was announced that the joint venture would end. As part of the transaction, Aviva Investors also sold its global real estate multi-manager business to LaSalle.
IPE Real Assets – 14 November 2018
Tre Kronor buys SEK903 million grocery store portfolio from Brunswick
Tre Kronor Property Investment has acquired a SEK903m (€88m) grocery store portfolio in Sweden from a Brunswick Real Estate fund.
Brunswick Real Estate said it sold the 50-property Grocery Stores Sweden (GSS) portfolio on behalf of Sveafastigheter Fersen II to the listed firm.
IPE Real Assets – 08 November 2018
Swiss Life Asset Managers purchases 'Laetitia' portfolio for the new BEOS Corporate Real Estate Fund Germany IV (CREFG IV)
Swiss Life Kapitalverwaltungsgesellschaft mbH (Swiss Life KVG), in cooperation with BEOS AG, has purchased the "Laetitia" portfolio consisting of 32 commercial properties at locations throughout Germany. The properties form the seed portfolio of the new open-ended real estate specialty AIF's CREFG IV, which is managed by BEOS AG. The seller of the portfolio is Aurelis Real Estate. The parties have agreed not to disclose the purchase price.
Press release – 08 November 2018
Warburg-HIH Invest Acquires Historic Warehouses in Hamburg-Altona from Aurelis
Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) just acquired “Güterhallen,” a historic warehouse complex of 15,846 square metres, from Aurelis Real Estate. The assets, which are part of the Mitte Altona neighbourhood development in Hamburg, are earmarked for an individual fund. It was agreed not to disclose the purchase price.
Press release – 07 November 2018
Redos acquires 'Olymp' portfolio with eleven retail parks and hybrid centres from TH Real Estate for Union Investment special fund
Hamburg-based Redos Group has acquired the “Olymp” portfolio of eleven retail parks and hybrid centres. It was purchased for the special fund “Redos Einzelhandel Germany II”, which the independent retail property specialist set up for institutional investors in 2017 together with Union Investment under a third-party AIFM mandate.
The portfolio comprises a total rental area of 141,000 sq m. The parties agreed not to disclose the purchase price.
Press release – 05 November 2018