Nuveen Real Estate, one of the largest investment managers in the world, has acquired a residential site at Castleforbes Business Park (Castleforbes) in a joint venture with Eagle Street Partners (Eagle Street), the pan-European real estate investment and asset manager, and HESTA, the Health Employees Superannuation Trust Australia. The site comes with planning permission for a Build to Rent (BTR) development of up to 702 homes.
Barings, one of the world’s largest diversified real estate investment managers, has acquired Medienzentrum, a 15,700 square metres office building in the MedienHafen (media harbour) district of Düsseldorf, on behalf of a pan-European core strategy. The seller is Blue Colibri Capital Partners Fund II SCA, a Luxembourg-based SICAV-SIF. The parties agreed not to disclose the purchase price.
Invesco Real Estate (Invesco) has acquired an established 56-unit development in a suburb outside of Copenhagen. The acquisition has been made on behalf of Invesco’s European Living Fund. The seller is CECN ApS and Ejendomsselskabet Casa Nord ApS.
M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces that it has completed the final sale on behalf of the M7 Central European Real Estate Fund I (“M7 CEREF I” or the “Fund”), with the disposal of the Mani Business Centre to Raiffesen Pension Insurance Company. M7 will continue to asset manage the property on behalf of the new owner.
AEW UK acquires two new units on Peascod Street in Windsor and brings new tenants to Windsor Yards Shopping Centre
AEW UK Investment Management (AEW) has acquired 113-115 Peascod Street in Windsor for GBP1.95 million for its Urban Real Estate Fund (UREF).
Peascod Street adjoins Windsor Yards shopping centre which AEW bought in March this year. The units in Peascod Street cover 14,240 square feet over basement, ground, first and second floors and are currently occupied by River Island and Superdry.
AXA IM Alts, a global leader in alternative investments with c. EUR168 billion of assets under management, announces that its flagship European logistics fund, AXA Logistics Europe Master (“AXA Logistics Europe” or the “Fund”) has successfully priced an EUR800 million green bond, with an ambitious Green Finance Framework (the “Green Notes” or the “Green Bond”).
Fiera Real Estate is pleased to announce the sale of its 11.5-acre Skyways House site in Speke, Liverpool to Corum XL, a fund managed by Corum Asset Management. The asset was offered to the market at a quoting price of GBP38.88 million, reflecting a net initial yield of 6.50 percent. The final sale price remains undisclosed. This represents the first asset sale for the Fund on behalf of KFHC investor clients, which focusses on offering investors long, strong and progressive income concentrating on office, out-of-town retail, and industrial sub-sectors.
LaSalle has acquired a portfolio of three residential buildings across Copenhagen, Denmark. The assets were acquired from P+, the Danish pension fund, on behalf of Encore+, LaSalle’s Flagship European open-ended fund.
The 270 residential units that make up the portfolio are situated throughout Copenhagen, all in attractive locations with excellent amenities. Most units have balconies, and shared green areas and courtyards. Combined, the buildings also have around 1,000 square metres of commercial/retail space.
Schroders Capital has acquired an office located at 41-43 rue Pergolèse in the 16th arrondissement of Paris, on behalf of one of the real estate team’s core/core+ pan-European investment funds.
Renovated in 2009 in accordance with France’s HQE environmental standards, the two buildings that make up this office provide 2,615 sq m of space over eight floors and 22 underground parking spaces.
Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital LLP, has let 4,500 sq ft of office space at Edmund House, Birmingham.
The fund has agreed a 10-year lease with First Intuition to take the first floor of the building, meaning the majority of the building is now let. This follows a separate letting with construction firm Sir Robert McAlpine earlier this year.