Allianz Real Estate said on Wednesday that it has completed the off-market acquisition of a manage-to-core office complex situated in the heart of Milan’s Central Business District.
Valorem Investment Partners, advised by BNP Paribas Real Estate, has completed a Development Funding Agreement with Aviva Investors for the delivery of a 260 bed Dalata Maldron 4-star hotel on its prime located One Park Lane, Liverpool site.
McAleer & Rushe is appointed to build the hotel and construction will start in early 2022 with a programmed opening date of autumn 2023.
The hotel is pre-let to Dalata Plc on a 35 year lease with inflation linked rent uplifts through the term. The hotel will trade as a Dalata Maldron hotel, its 4-star lifestyle brand.
Aviva Investors Real Estate France, a subsidiary of Aviva France, has completed the acquisition of the office building Weesperstraat 420-446, in the centre of Amsterdam on behalf of one of its clients.
The asset has been sold by LaSalle Investment Management (LaSalle), the global real estate investment manager, on behalf of a separate account client.
Diversified professional services and investment management company, Colliers, is to acquire a controlling interest in Antirion SGR, one of the largest real estate investment management firms in Italy with assets throughout Western Europe.
Allianz Real Estate, on behalf of several Allianz Group companies, has completed the redevelopment of 23-29 rue de Châteaudun in the 9th arrondissement of Paris, transforming it into a high-end, 16,000 square metres office complex with a focus on sustainability and the well-being of its users.
This is the latest in a series of redevelopments of historic core buildings in Europe by Allianz Real Estate, most recently in Rome, Amsterdam, Milan and Paris.
Allianz Real Estate, acting on behalf of several Allianz Group companies, has acquired, in an off-market transaction, its first Private Rented Sector (PRS) portfolio in Spain.
The assets have been acquired through a purchase of a controlling stake of a joint venture vehicle, Elix Vintage, owned by global international investor KKR, the private markets specialist Altamar Capital Partners, and other investors, via a tender offer.
Bouwinvest invests EUR75 million in Irish social and affordable rental housing venture led by Ardstone
The transaction follows investments earlier this year for Bouwinvest’s institutional European mandate in affordable housing in Scandinavia and Belgium.
Ireland's Iput Real Estate, the largest owner of offices and logistics assets in Dublin, has purchased 64 acres (26 ha) of development land in Dublin slated for logistics projects.
Financial details were not disclosed.
Italian insurer Generali has acquired the Melius office building in Luxembourg from Hannover Leasing, part of the Corestate Group, PropertyEU has learned.
The building, which houses the headquarters of global trust service provider Alter Domus, changed hands for a price of over €105 mln, according to market sources.