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CapMan Nordic Real Estate fund signs several exits

CapMan Nordic Real Estate Fund, a 2013-vintage value-add fund, has signed and closed several exits recently. The fund will start distributing carried interest once these exits are completed.

At the end of December, the fund exited Vesterbrogade 80, a 7,955 m2 mixed-use property in central Copenhagen originally acquired in 2015, to COPI. The building has been refurbished under CapMan’s ownership with conversion of the currently unused attic space into apartments expected to be finalised in Q1 2022.

Generali snaps up core shed in Krakow

Generali Real Estate has completed the acquisition of 7R Park Kraków IX, a core logistics asset in Poland, located in the Krakow, on behalf of the pan-European Generali Real Estate Logistics Fund (GRELF) managed by Generali Real Estate SGR.

The seller of the asset, which is situated in Kokotów, is 7R SA. This is the second transaction in the logistics segment in Poland, that Generali Real Estate has completed with 7R this year, after the acquisition of a warehouse complex in Gdansk.

Principal Real Estate Europe acquires Italian logistics asset for EUR26 million

Principal Real Estate Europe has acquired a core logistics asset for EUR25.73 million in Milan, Italy, for the Principal European Core Fund.

Located at Via Molina 76, Milan in Italy, Vignate is a newly developed 29,000 sq m logistics asset fully let on a long-term lease to Multilogistics S.P.A., a 3PL company serving the local and international markets.

NREP raises EUR1.6 billion for largest ever core-plus Nordic fund

Nordic real estate investor NREP said on Wednesday that it has raised EUR608 million in additional funding for NREP Income+ (NIP), its open-ended fund aimed at long-term investments into modern logistics facilities, middle-income residential, offices and care homes.

The second closing has grown the fund by 50%, taking the total funds raised to EUR1.6 billion, with two thirds of commitments comprising top-ups from existing investors, with the remainder from new institutions.

Europa Capital enters Birmingham market with acquisition of city centre Crown Works BTR development

Europa Capital, the pan-European real estate investment manager, announces that it has entered the Birmingham market with the acquisition, through a forward funding agreement, of Crown Works, a new 203-apartment build-to-rent (“BTR”) development adjacent to the city’s central business district. Europa Capital has made the acquisition on behalf of its value-add fund, Europa Fund VI.

Edmond de Rothschild REIM secures GBP25.9 million Glasgow development for UK private rented sector fund

Edmond de Rothschild Real Estate Investment Management (REIM) has secured a prime residential development site in Glasgow, its first investment in Scotland, for the Edmond de Rothschild Residential Investment Fund UK, which invests in the private rented sector (PRS) on behalf of European institutional investors.