Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
Ares was the buyer in the largest closing transaction: the opportunistic US investor picked up 18 London and UK hotels from Landsec for £400 mln. This buy followed Ares' purchase last week from Shaftesbury Capital of the Lifestyle portfolio, comprising properties in London's Fitzrovia in the West End, while the week before Ares was in the market again - this time, for prime French logistics, paying €325 mln for a portfolio sold by Blackstone.
Coima has made two big investments in as many weeks. Last week it took over a portfolio of offices valued at €500 mln from Intesa Sanpaolo in eight Italian cities, while this week the Italy specialist scooped three trophy Rome office buildings, all let to the Italian government in a deal priced at over €200 mln.
MEAG, the advisor to German insurance companies which buys mainly core property, this week closed on a portfolio of three prime built to rent blocks in central Berlin from Trei Real Estate. MEAG's MD Stefan Haas said: 'Even in Germany, the current market environment has begun to offer a growing number of opportunities in all relevant use classes again.'
After a very quiet Q1, the number of deals closed with price discovery tracked by PropertyEU has noticeably risen in April and May, with the euro volume boosted by an uptick in portfolio transactions worked on in recent months getting over the line.
Other noteworthy deals this week are: Blackstone's agreement to buy the Britishvolt land, a very large site in northern England, on behalf of its QTS company which intends to develop a huge data centre factory there; an ultra-high net worth investor picking up a trophy Vienna office tower let to the government; and Hines scooping the largest single student housing building sold in Dublin this year so far.
Five managers are raising capital for new funds, including two of the new generation of opportunistic shops, Stoneshield and Greykite.
We also track the latest financings and four new assets coming to market.
