Catella Real Estate AG (CREAG), Munich, is acquiring the 12,668 square metresfully let Planetenbaan 20-99 residential property in Maarssen, the Netherlands, for the special fund "Catella Dutch Residential II". The seller is Edelwonen B.V. Member of the Bouwhuis Group, a residential property investor and manager specialising in multifamily homes.
Azora, the Madrid-based European real estate investment manager, has completed the acquisition of the Pestana Blue Alvor, a five-star hotel in Portugal’s Algarve region, on behalf of the Azora European Hotel & Lodging, F.C.R. (“Azora EH&L” or the “Fund”), from Pestana Hotel Group, the largest multinational hospitality group of Portuguese origin.
Moorfield Group, the UK-focused real estate fund manager (“Moorfield”), announces that it has sold, on behalf of its Moorfield Real Estate Fund III (“MREF III”) and Moorfield Real Estate Fund IV (“MREF IV”), two purpose built student accommodation (“PBSA”) schemes, totaling 789 beds, to a joint venture established between Ares Management (“Ares”) funds and Generation Partners LLP (the “JV”).
Macquarie Asset Management, on behalf of the Macquarie GLL European Property Fund, will expand its presence in France by acquiring two logistics facilities in a forward funding agreement with Linkcity, a subsidiary of Bouygues Construction.
Macquarie Asset Management, on behalf of its European Logistics Real Estate Fund, has agreed to acquire a state-of-the-art logistics and warehousing facility currently under development near Warsaw from Logistic Property Investment, owned by Żabka Group and managed by Żabka Property Fund.
Deka Immobilien has exchanged contracts to secure the purchase of a new building project in the Paris metropolitan region of Île-de-France for EUR 160 million. The seller is Gemfi, the development arm of the French real estate company Gicram Groupe. The e-commerce fulfilment centre will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.
Hines European Property Partners (HEPP) aims to attract EUR1bn in investor equity from global investors in the first 12 months following its launch
Hines, the global real estate firm, today announced that Hines European Property Partners (“HEPP” or the “fund”), its new diversified, open-ended core-plus fund focused on key European markets, has secured c. EUR800 million of equity commitments from investors at its first closing, less than three months after the fund’s launch.
Invesco Real Estate (Invesco), the GBP67.8 billion global real estate investment manager, and Barwood Capital Ltd (Barwood) announce today a partnership to build a portfolio of urban/last mile high quality industrial and logistics warehouses across the UK.
The strategic partnership will focus on creating sustainable industrial product through speculative development, asset management or re-positional opportunities, concentrating on locations with strong rental growth prospects and occupier demand.
Meag, the asset manager of Germany's Munich Re Group and Ergo, has attracted Spanish insurance firm, Mapfre, for a core European office fund aiming to invest up to EUR500 million by 2023.
Mapfre is the seed investor along with Meag, both of whom are contributing assets in the first place, but the fund will be opened to different institutional investors from Germany and Europe in 2024, leading the partners to think it could grow to EUR1 billion by 2025.
Global real estate investment manager Barings has sold four grocery retail assets in Barcelona to private equity fund MDSR Investments for an undisclosed sum.
With a combined gross leasable area (GLA) of 16,000 m2, the properties are fully let to French supermarket chain Carrefour.
The four assets are part of a portfolio of ten supermarkets acquired by Barings in December 2019.