LaSalle has completed the purchase of a state-of-the-art logistics warehouse in the Rhine-Neckar metropolitan region, located in Ladenburg east of Mannheim in south-west Germany. The warehouse was acquired as a forward-funding deal from PGIM Real Estate and Panattoni on behalf of Encore+.
KGAL acquires residential development project near Cologne
KGAL Investment Management GmbH & Co. KG has acquired part of the residential complex "Rheintal Quartier" in Wesseling for its new fund KGAL Wohnen Core 3. The section acquired totals 6,218 square metres of rental area and will comprise 101 residential units across four buildings. Completion is scheduled for the fourth quarter of 2023. The seller was weisenburger projekt GmbH.
Hines, the international real estate firm, has finalized a major investment in a new state of the art logistics project in Verona, Italy as part of a joint venture with a major international private equity player. At completion, the project is expected to require an investment of up to EUR300 million via the Vicus I fund managed by Prelios SGR.
AXA IM Alts, a global leader in alternative investments with c. EUR163 billion of assets under management, announces the acquisition of a research and development (“R&D”) facility located on the RWTH Aachen University Melaten Campus in North Rhine-Westphalia, Germany. The asset has been acquired from a European commercial real estate company for c. EUR124 million, and has been made on behalf of clients through AXA IM Alts’ Real Assets platform, which is the leading real estate portfolio and asset manager in Europe.
Savills Investment Management (Savills IM), the international real estate investment manager, has acquired the “Bos en Lommerplein” neighbourood scheme in Amsterdam for EUR 51 million on behalf of its European Food Retail Fund (EFRF) from Lone Star.
Tristan Capital Partners’ EPISO 5 Fund has acquired the first property of its new hotel investment strategy in Manchester, England.
The 261-key, four-star hotel is located in Deansgate - one of the city’s oldest city centre thoroughfares. The asset opened in May 2021 following a three-year conversion from an office building. It is complemented by a state-of-the-art gym, which is currently occupied by Trib3, and has a contemporary F&B offering.
AEW has agreed to forward fund, on behalf of its open-ended pan-European core fund, EUROCORE, the development of a c49,000 square metres Grade A and fully automated logistics asset in Ridderkerk, near Rotterdam in the Netherlands.
The high-quality and sustainable fulfilment centre is being developed by Impact Vastgoed.
Europa Capital, the pan-European real estate investment manager, announces that it has entered into a forward funding agreement to acquire a new build-to-rent (“BTR”) residential development, in Manchester’s New Cross district, from experienced housing developer Mulbury. Europa Capital has made the acquisition on behalf of its latest value add fund, Europa Fund VI, as it continues to expand its vertically integrated build-to-rent platform in the UK.
Savills Investment Management (Savills IM), an international real estate investment manager, has signed a purchase agreement for an office building under construction in Leipzig for its club deal special fund "Savills IM Real Invest 1".
The developer and seller is OFB Projektentwicklung.
Catella Investment Management Benelux (CIMB) has acquired two residential developments in the Rijnmond conurbation in the west of the Netherlands for EUR65 million on behalf of two Catella funds.