All Real Assets articles in Web Issue – Page 1906
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PropertyEU ArchiveCroatia’s largest pension fund goes into real estate, M7 wins mandate
M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted property, has been awarded an advisory position helping Croatia’s largest pension fund, AZ, diversify into real estate for the first time.
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PropertyEU ArchiveAEW to acquire two BTR developments in Spain
AEW said on Thursday that it has agreed to forward purchase two build-to-rent residential developments, Sol de Llevant and Terrasses de Llevant, in Palma, the capital of the Spanish island of Mallorca on behalf of a separate account mandate backed by a German pension fund.
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PropertyEU ArchiveMailbox REIT rewrites agreement with IWG, extends IPO timetable
Mailbox, a newly-launched REIT with M7 acting as asset manager, said on Thursday that it has signed a new innovative agreement with tenant, flexible office specialist IWG whereby occupiers will pay rent directly to the Mailbox REIT.
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PropertyEU ArchiveHines appoints WeWork exec to lead European property management business
US privately-held developer-investor Hines has appointed WeWork executive Ronen Journo as European head of operations and senior managing director.
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PropertyEU ArchivePrologis completes largest sale of logistics assets on record in the UK
US logistics group Prologis has completed the sale of the Platform portfolio of buildings and land in the UK to real estate funds managed by Blackstone for £473 mln (€524 mln).
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PropertyEU ArchiveEuropean logistics continues to grow during pandemic
Europe’s commercial real estate markets maintained their trend of slowed rental growth and yield development across most markets in Q3 2020 according to Cushman & Wakefield’s latest DNA of Real Estate.
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PropertyEU ArchiveValor and QuadReal launch €1b urban logistics JV
European logistics specialist Valor Real Estate Partners (Valor) is joining forces with Canada’s QuadReal Property Group (QuadReal) to invest €1 bn in urban logistics assets located in key UK, French and German cities.
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PropertyEU ArchivePatrizia sells Amazon logistics facility in Madrid for €110m
German property group Patrizia has reportedly sold a logistics facility in Alcalà de Henares, near Madrid, to a pan-European core fund it manages for over €110 mln.
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PropertyEU ArchiveKennedy Wilson sells Dublin office for €141m
Global real estate investment company Kennedy Wilson has completed the sale of Baggot Plaza, a wholly-owned, unlevered Grade A office building located in Dublin’s city center, for $165.4 mln (€141 mln) to Deka Immobilien, the specialist real estate investments arm of the Deka Group.
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PropertyEU ArchiveCatella debuts in Belgium with €25m Brussels resi buy
The Catella residential investment platform has made its first foray into the Belgian market with the acquisition of an apartment building in the heart of Brussels for €25 mln.
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PropertyEU ArchiveDemire announces €82m of secondary asset sales
German listed commercial property landlord Deutsche Mittelstand Real Estate (Demire) said on Thursday that it has taken advantage of strong demand from various investors to sell a total of 13 properties in seven transactions since July.
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PropertyEU ArchiveBNPPRE to advise on Proximus’ real estate strategy
BNP Paribas Real Estate has been appointed to an exclusive real estate adviser role by Proximus, a major telecommunications firm in Belgium, as part of real estate restructuring relating to its headquarters in Brussels.
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PropertyEU ArchiveSavills hires logistics agency team in Hamburg
Savills has hired Patrick Neumann as director and team leader for the North German logistics agency market, as well as Mirja Maske and Andrea de Bruyn, starting next month.
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PropertyEU ArchiveSwiss Life appoints Eduardo Illitsch to enhance international strategy
Eduardo Illitsch has been appointed head of international sales at Swiss Life Asset Managers, responsible for the international sales teams in London and Frankfurt covering Europe ex-DACH and France, the Middle East and Asia.
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PropertyEU ArchiveModa Living bolsters senior team with De Vere exec hire
Moda Living has hired Richard Smith as managing director of Moda Life Management, the operational arm of its £2.5 bn portfolio supported by funder Apache Capital Partners.
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PropertyEU ArchiveDemand for flex space skyrockets in Germany
Demand for flexible workspace in Germany grew by 79% in the first quarter of 2020 compared to Q1 2019, and by 20% between Q2 and Q3 of this year, according to The Instant Group’s latest report, Finding the Balance. Germany’s top eight cities, including Munich, Cologne and Leipzig, are behind ...
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PropertyEU ArchiveM&G plans €1b residential expansion for flagship European fund
M&G Real Estate is planning to add €1 bn of residential assets to its €4 bn+ balanced European Property Fund.
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PropertyEU ArchiveURW unveils 30% fall in net result, days ahead of crunch EGM
Unibail-Rodamco-Westfield has seen its net result fall by 29.5% year-on-year in its nine month results, with pandemic protocols continuing to impact its global portfolio.
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PropertyEU ArchiveMitiska REIM secures €33m loan for Romanian retail parks
Pan-European retail park specialist Mitiska REIM has secured a €33 mln senior debt facility with Erste Group Bank for four Romanian retail parks, representing a combined gross leasable area of 30,500 m2.
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PropertyEU ArchiveDutch bank sells trophy office for €60m
De Nederlandsche Bank (DNB) has sold its office at Sarphatistraat 1 in Amsterdam for a price believed to be in the €60 mln range, marking one of the largest office sales in the city this year.
