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Economy & Financial

Ascend appoints Maxwell Guthrie as Head of Experience & Product

Ascend Properties has appointed Maxwell Guthrie to the role of Head of Experience & Product. Maxwell will be continuing the development of the firm’s experience strategies and products, collaborating with all departments to ensure a fully integrated offering. His initial focus will be to review Ascend’s market-defining custom...
Thursday, 28. March 2024

WPA and Arup release study concerning West End growth

A new study from the Westminster Property Association and Arup has found that a more ‘balanced and flexible’ approach to planning could address a sharp decline in major development projects in the West End and deliver an additional 14m sq ft of commercial space and create 87,000 new jobs over the next twenty years. The resear...
Thursday, 28. March 2024

CBRE IM closes third green bond in EMEA

CBRE Investment Management, on behalf of a fund sponsored by the firm, has priced its third Green Eurobond debt offering of senior unsecured notes raising €750 million. The issuance marks the return of the fund to the public debt market since 2021 as well as the fund's inaugural issuance of its €3 billion Euro Medium Term Not...
Thursday, 28. March 2024

London Metric appoints Sandy Gumm as non-executive director

LondonMetric Property Plc appoints Sandy Gumm as a Non-Executive Director with effect from 27 March 2024. Gumm is an Australian qualified Chartered Accountant with over 31 years’ of commercial real estate and finance experience. She was most recently a Non-executive Director of LXi REIT plc (“LXi”) and, prior to that, a Non-e...
Thursday, 28. March 2024

Panattoni wins financing for its Park Szczecin V

Panattoni has won financing for the development of its latest development in Western Pomerania. The €20 mln loan was granted by mBank. Panattoni Park Szczecin V will comprise 30,000 sqm of which around a third has already been leased to a client from the food and hospitality sector.
Thursday, 28. March 2024

Immofinanz 2023 with strong operating performance

Immofinanz Group generated strong growth in rental income and operating results during the 2023 financial year. This sound development was based primarily on the full consolidation of S Immo, the purchase of retail properties, and solid growth in like-for-like rental income. Rental income rose by 77.8% year-on-year to €533.6 ...
Thursday, 28. March 2024

Kojamo enters new €250 million credit agreement

Kojamo plc has signed a new €250 million term loan facility agreement linked to its sustainability targets together with three relationship banks. The loan is secured and has a maturity of five years. The loan will be drawn in June at the latest, and it will be used for the refinancing of company’s existing indebtedness as we...
Thursday, 28. March 2024

Jeremy Bishop launches Arkus Real Estate

Jeremy Bishop has launched Arkus Real Estate, an investment and development firm focused on creating fit-for-purpose real estate. Seeking to take advantage of the pricing reset caused by the convergence of 2023’s soaring interest rates, the impact of technology on logistics, office and retail real estate, and continued demand...
Wednesday, 27. March 2024

León Murray joins CBRE as Director of Planning

León Murray has joined CBRE Ireland as lead of our Planning division. CBRE’s Peter Garrigan, Head of Development Land said the appointment came at a pivotal time in the market.
Wednesday, 27. March 2024

Ares invests in Slättö portfolio in Helsinki and Stockholm

Slättö and Ares Management Real Estate Secondaries funds have agreed to support the recapitalization of a market-leading light-industrial and logistics portfolio, which is managed by Slättö. The portfolio comprises 28 assets with value concentrated in the Stockholm and Helsinki metropolitan areas.
Wednesday, 27. March 2024

Investec launches real estate equity strategy

Investec has launched a new real estate equity strategy, Investec Realis, providing global investors with deal-by-deal access to institutional-quality UK real estate and the attractive returns it offers.
Wednesday, 27. March 2024

Downing expands development finance team with Doug Bowley

Downing Property Finance has expanded its development finance team with the appointment of Doug Bowley as a new Investment Manager. In his new role, Doug will be responsible for new business origination via his developer and broker network, leading the deal process from enquiry stage through to completion.
Wednesday, 27. March 2024

VTS launches new prediction software

VTS launches its new prediction software VTS 4. The software transforms industry intelligence for commercial real estate landlords, enabling them to understand the market better than their competitors and predict tenant demand through enhanced data and AI-generated insights.
Wednesday, 27. March 2024

Home Invest appoints Preben Bruggeman as CEO

The Board of Directors of Home Invest Belgium SA/NV has appointed Mr Preben Bruggeman as Chief Executive Officer, subject to the approval of the FSMA. The appointment of Bruggeman as executive director will be presented during the next general shareholders’ meeting, subject to the approval of the FSMA.
Wednesday, 27. March 2024

Fusion appoints Laura Kurt as Commercial Director

Fusion Group has appointed Laura Kurt as its first ever Commercial Director as it continues to evolve as one of the UK’s leading specialists in residential rental real estate.
Wednesday, 27. March 2024