Investors

Round Hill Capital, specialising in senior living real estate in Germany, announce the acquisition of Pflege-Residenz-Beuren, a senior living facility in Beuren, a spa town located around 30 kilometres south-east of Stuttgart. The transaction was undertaken by Round Hill Capital on behalf of a client investment strategy that aims to assemble a significant portfolio of senior living facilities in Germany, exploring opportunities created by lack of quality senior housing supply and an ageing demographic.

Belgian convenience real estate specialist Mitiska REIM is investing €20 million to convert a former Nestlé distribution centre in Portugal into a retail park. Located on a 50,000 metres squared industrial site, the Salinas Park development in Alverca do Ribatejo will be completed by the end of the year. The development consists of 22,800 metres squared, and will comprise of a 12,000 metres squared retail park and a 10,800 metres squared warehouse complex for local Small and medium-sized enterprises (SMEs) and start-ups.

TPG’s global impact investing platform has supported technology-enabled clean-energy platform Palmetto with a €139 million investment. TPG Rise, which is investing through its climate-investing strategy, has backed Palmetto to help expand the company’s software and technology platform. Palmetto manages the end-to-end residential solar process with an operating platform that handles sales, design, engineering, permitting and fulfillment in the US.

ECE has never before developed a hotel asset in Italy, but there is a first time for everything. The Germany-based company, best known for retail property, is working on a listed office building in the middle of Rome, which will become a Ruby Hotel with 165 rooms.

DTZ Investors has completed on the purchase of Purley Cross Retail Park in Croydon for €66.3m from Oval Real Estate.  The property is a prime retail park comprising 126,410 feet squarred of lettable floorspace across five units which occupy an 8.6-acre site.

AM alpha acquires a mixed-use property in London with office, retail and leisure units. The building is located on Coleman Street, which runs parallel to Moorgate and in close proximity to the Bank of England. 

AM alpha, a global family office for real estate investments, acted on behalf of several investors who are represented by a pension fund manager from Hamburg. The asset was sold by the asset manager Abrdn plc. The parties have agreed not to disclose the purchase price.

Allianz has reportedly acquired an office building at Milan’s Via Solferino from US asset management giant Blackstone for a price of €200 million. 

According to a news report by Italian paper Il Sole 24 Ore, the transaction took the form of a sale of the units in the Delphine fund managed by Kryalos and invested by Blackstone. 

Pensioenfonds ING joined the ASR Dutch Farmland Fund on 1 January 2023. Pensioenfonds ING, alongside existing investors a.s.r, BPL Pensioen and DELA, will invest in this unlisted real estate fund of a.s.r. real estate for a total amount of € 100 million. The ASR Dutch Farmland Fund manages 36,000 hectares of Dutch farmland worth € 1.8 billion.

Madrid - Generali Real Estate has completed the acquisition of Portal del Angel, 40 building, a historical office and high-street asset in Barcelona, on behalf of the pan-European fund “Generali Core High Street Retail Fund” (GCHSR), managed by Generali Real Estate S.p.A Società di gestione del risparmio and reserved for professional investors. The seller of the asset is a subsidiary of the de Andres Puyol family, Medcap Real Estate. 

Milan and Frankfurt - Generali Real Estate strengthens its presence in the Frankfurt real estate market, with the completion of the acquisitions of two important office and commercial assets, both on behalf of the pan-European fund “Generali Europe Income Holding” (GEIH), managed by Generali Real Estate S.p.A Società di gestione del risparmio and reserved for professional investors: the k26 building, in Frankfurt’s banking district, and the 10tral building, in the heart of the city center.