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 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 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