Investors

Oxford Properties Group (“Oxford”), a leading global real estate investor, asset manager and business builder, and Novaxia, a premier French urban developer, (“the Partnership”) has completed the acquisition of the Biocitech life sciences campus in Paris, France. The deal marks the first acquisition of the Partnership, announced in May this year, to invest approximately €1 billion to acquire and develop life sciences buildings across France.

Danish pension funds ATP and PensionDanmark are selling four retail properties housing the upmarket department store chain Magasin back to the retailer’s owners for an undisclosed sum.

The pension funds said in a joint statement that the properties on Kongens Nytorv in Copenhagen, in Lyngby, Aarhus and Odense, were now being sold back to the department store’s owners, after more than a decade in the hands of ATP Real Estate and PensionDanmark.

Real estate investor Altera Vastgoed NV has reached agreement with Van Wijnen Projectontwikkeling West BV on the acquisition of the library in the De Rede apartment complex in the centre of Uithoorn. The 30 new-build apartments above it were taken over by Altera, fully let, in May 2022.
 
The library space has been leased to the municipality of Uithoorn on a multi-year agreement. 
 

Allianz Real Estate, acting on behalf of several Allianz Group companies, has completed the forward purchase of MultiBusinessHub Mittelrhein, a prime logistics center in Polch, Germany. The asset has been sold by Lang & Cie. Industrial AG, a German developer of high-quality logistics facilities.

The global asset management arm of insurer Aviva has added a 7,600 square meters office building in the Netherlands to its portfolio.

Aviva Investors said it has bought the Zuiderhof II building located in Amsterdam’s central business district, expanding its portfolio in the city.
The building provides office space spread over eight floors and an on-site restaurant facility.

Dutch pension fund manager PGGM and Olmar have acquired the first asset for a newly created European port infrastructure investment venture.

PGGM said it will hold a controlling interest in the new joint venture with the founders of logistic service provider Olmar holding the remaining interest.

For the maiden deal, the partnership has invested an undisclosed amount to buy a storage and transhipment facility of the seaport near the Finnish city of Pori.

UK local authority pension schemes and the Church Commissioners for England are among investors that have committed £350m (€410m) to Bridges Fund Management’s “dark green” real estate impact fund.

Bridges Property Alternatives Fund V, which has been classified as an Article 9 fund under the EU’s Sustainable Finance Disclosure Regulation (SFDR), attracted a number of repeat investors, including Clwyd Pension Fund, East Riding Pension Fund, the Environment Agency Pension Fund, Merseyside Pension Fund and South Yorkshire Pensions Authority.

Allianz Real Estate, acting on behalf of several Allianz group companies, has acquired a portfolio of nine prime residential buildings in the Chamartín district of Madrid for EUR185 million. Located next to Castellana 200, a mixed-use office and retail asset already owned by Allianz Real Estate, the transaction consolidates the firm’s ownership of the wider block and expands its exposure to the highly attractive Spanish PRS sector, particularly in Madrid.

Allianz Real Estate, acting on behalf of several Allianz group companies, has signed an agreement to acquire eight prime logistics facilities in Italy in an off-market forward transaction from a private seller for EUR91 million. The portfolio, comprised of two traditional facilities and six courier warehouses located mainly in northern Italy, is 70 per cent pre-let to a prime Italian tenant.

As part of the transaction, the Fund has simultaneously entered into a 27-year lease agreement with the University of Bath, which included annual CPI rent reviews, collared and capped at 0 per cent and 6 per cent respectively.