Over €2.5bn of residential properties changed hands in one of the busiest weeks for the sector in the past year.

In Finland, Kojamo took control of a €900m living portfolio, while US-based healthcare real estate investment trust Welltower acquired the UK’s largest care home provider in a deal worth $1.6bn.

Also in the completed deal section, asset manager AEW entered the growing data centre investment market with the purchase of a small, fully let asset in Nuremberg, Germany. The transaction was completed on behalf of a French retail investor.

Antoine Barbier, head of AEW Patrimoine, said: “With established data centre hubs such as Frankfurt experiencing increasing power constraints and limited land availability, Nuremberg is emerging as a compelling alternative, offering excellent connectivity and benefiting from a robust local economy.”

Matthieu Samaran, investment director Germany at AEW, adds: “The rising demand for data storage, coupled with a shortage of digital infrastructure supply, presents a timely opportunity to enter this dynamic sector. This core investment provides a strong covenant, long income visibility, and exposure to one of the most dynamic segments in real estate.”

Also this week, adviser JLL was mandated to sell the Hilton Liverpool City Centre Hotel in a sale process dubbed Project Beatle. The asset comprises 221 rooms and 47 residential apartments located in the heart of Liverpool city centre. 

In the new funds section, asset manager Delancey launched a specialist real estate credit strategy. The strategy, known as AlbionArc Capital, will be sector-agnostic, targeting transitional and bridge situations, and providing short- to medium-term whole loans of £10m and above, with terms of between 12 and 36 months.

The venture follows the creation of a strategic lending partnership with Cynergy Bank, a UK business bank, in the summer of 2025.

Adnan Ozair, managing director – fund strategies at Delancey, says: “AlbionArc Capital will offer flexible, interest-only debt that allows clients to move quickly on acquisitions, refinancing, or transitional business plans.” 

Recently completed deals       
Asset Asset type Location Buyer Vendor Size Price (mln) Key facts
HC-One platform living UK Welltower Inc. Safanad 300 care homes €1.340 ($1.600) The company is the UK’s largest care home provider.
housing portfolio living Finland Lumo Kodit Oy Varma 4,761 apartments €900 The assets are located in the Helsinki, Tampere and Turku metropolitan areas.
Berceo shopping centre retail La Rioja, Spain Castellana Properties Barings 34,416m2 €108 Since its opening in 2003, Berceo has maintained a solid performance track record.
Monks Cross shopping park retail York, UK Royal London AM NA 270,000sqft £70 (€80) The asset has changed hands for a 7.5% yield.
Springstead Village asset living Cambridge, UK Border to Coast Pensions Partnership NA 139 homes £70 (€80) The deal marks Border to Coast’s first investment into single-family housing.
Park Modern penthouse living London Igor Babuschkin Fenton Whelan 6,800sqft £57 (€65) The apartment was purchased as a shell and core unit, making it the biggest sale of its kind in London for a decade
Tottenham Court Road office London BPS London and Purestone Capital Derwent London 44,500sqft £33 (€38) The building will undergo a full refurbishment.
resi portfolio living The Netherlands Grouwels Vastgoed Bouwinvest Dutch Institutional Residential Fund 579 apartments NA The sold properties are located in Amstelveen, Amsterdam, Groningen, The Hague, Zwolle and Maastricht.
Stanley Square shopping centre retail Sale, UK Magnetar Altered Space 160,000sqft NA Footfall at Stanley Square has grown by more than 10% over the last 12 months.
Kristiansand Police Headquarters office Kristiansand, Norway CapMan Bane NOR Eiendom 17,000m2 NA The deal marks the first acquisition in Norway for the CapMan Social Real Estate fund.
remediated brownfield site logistics Hagen, Germany Kajima Properties Europe NA 121,000m2 NA The firm is delivering a 40,000m2 speculative warehouse development on the site.
brownfield site logistics Bielefeld, Germany Garbe Regeneration Thyssenkrupp Materials Services 40,000m2 NA Thyssenkrupp Schulte will continue to use the property on Arthur-Ladebeck-Straße as a sales location until the end of 2026.
Wola Center office Warsaw Trigea Fund Hines 34,500m2 NA The office space is fully leased.
portfolio of 11 multi-let industrial estates logistics UK Space Industrial Blackstone 1,000,000sqft NA The portfolio, with assets in Peterborough, Southampton, Bradford, Manchester and Durham, among others, comprises of over 200 tenants.
new logistics development logistics Schiphol, the Netherlands Savills IM AM 45,000m2 NA The forward funding transaction was completed on behalf of a German institutional investor.
data centre alternative Nuremberg, Germany AEW AVENTOS 2,592m2 NA The purchase marks AEW’s first investment into the rapidly growing German data centre asset class.

 

 

Assets on the market       
Asset Asset type Location Vendor Size Price (mln) Broker Key facts
Grand Hotel Central hotel Barcelona Schroders Capita 146 rooms €160 NA Following a major refurbishment, the asset reopened in 2024 as a 5-star luxury hotel.
Logistics park Wettringen logistics Germany NA NA €150 NA The fully let asset generates €7.6m in annual lease income.
Hilton Liverpool City Centre Hotel hotel Liverpool the Ability Group 215 rooms £60 (€69) JLL The property was acquired by the Ability Group in 2007.
Nutgrove Shopping Centre retail Dublin Lanthorn 228,593sqft €30 Savills The centre’s current rent roll is understood to be about €2.8m.

 

 

Recently completed loans    
Lender(s) Borrower(s) Asset(s) Loan Size (mln) Key facts
Ares Management Corporation Vantage Data Centers data centre portfolio $2400 (€2014) The new debt facility will be used to refinance existing indebtedness and support the development, construction and operation of data centers.
L&G Almacantar One and Two Southbank Place in London £385 (€442) The refinancing increases the existing £300m facility to £385m and extends the maturity of the loans from April 2026 to April 2029.
Pimco Prime Real Estate Helical plc and Places for London the Paddington Over Station Development in London £220 (€253) The 4.5 year development facility contains margin step-downs linked to the achievement of development and letting milestones.
Leumi UK and Martley Capital Mercia Real Estate UK industrial property portfolio £63.1 (€72.5) The facility comprises £44.4m in senior debt provided from Leumi UK, as well as an £18.7m mezzanine loan provided by Martley Capital.
Zenzic Development Finance JP Ledwidge and Olivia Hutchinson CABÜ luxury holiday resort in the Cotswolds £24 (€28) The loan will also finance the development of 10 new homes on an adjacent site.
Santander Bank Polska Panattoni Panattoni Park Warsaw North III €26.5 The €26.5m loan will be used to build two warehouses.

 

New mandates/JVs and funds on the market   
Firm Fund/mandate/JV Strategy Details
Delancey AlbionArc Capital New strategy will target transitional and bridge situations across all UK real estate sectors It will provide short-to-medium term whole loans of £10m and above, with terms between 12 – 36 months.

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