Funds / REITS

UK Commercial Property REIT Limited has sold its 186,455 sq ft Wembley180 logistics asset in London to Covent Garden IP Limited (CG), a registered charitable company. UKCM will get a consideration of £74 million, which reflects a net initial yield of 3.49% and is broadly in line with the 31 March 2023 valuation.

Verianos is further expanding its portfolio with two property acquisitions in Milan and Valencia.

AEW has acquired a prime retail asset in the centre of Cannes on behalf of Fondis.

Tungsten Properties has practically completed the final phase of its £70 million, 14-unit scheme which totalled 470,000 sq ft (43,664 m²) of new industrial space at Tungsten Park Witney in Oxfordshire all of which has been fully let or sold to 13 different businesses.

East Capital Real Estate Fund IV signed an agreement with real estate developer Hepsor for the acquisition of a modern last mile and stock office building, StokOfiss U30, located in Riga, with a total lettable area of 3642 square metres. This is the second of two acquisitions for the fund over the past two weeks.

For IntReal International Real Estate Kapitalverwaltungsgesellschaft mbh the 2023 financial year was off to a good start. The assets under administration (AuA) of the Hamburg-based administration specialist increased by €1.6 billion during the first quarter, climbing to c. €63.7 billion by 31 March 2023. It implies a 2.5-perc...

Panattoni announces that the fully let Panattoni Park Freiburg Süd in Neuenburg am Rhein in Baden-Wuerttemberg is sold to UBS Fund Management AG, a company listed on the Swiss stock exchange.

AEW UK REIT plc has completed the sale of its industrial holding at Deeside Industrial Estate for £4,750,000, reflecting a capital value of circa £49 per sq ft.

East Capital Real Estate Fund IV signed an agreement for the acquisition of two modern 10-storey office buildings, Duetto A and Duetto B, with a total lettable area of 17 260 square metres located in Vilnius, Lithuania. The transaction will be closed in early June 2023.

Catella European Residential (CER), the German public open-ended real estate fund, has acquired a 14,000 sqm waterfront development of 137 senior living apartments distributed across four buildings on Lake Zwenkau on the southern edge of Leipzig for approximately €50 million.

HIH Invest Real Estate sold a mixed-use office and retail building from the portfolio of a closed-end institutional fund to wohninvest Holding, a company domiciled in Fellbach near Stuttgart. The property located in the high-street pedestrian precinct of Bochum, at Kortumstrasse 72, has a lettable area of 17,511 square metres...

Macquarie Asset Management has continued to expand its presence in the European logistics real estate market with the acquisition of two facilities in the Netherlands on behalf of the Macquarie European Logistics Real Estate Fund.

Loanland has placed its second fund, continuing its growth trajectory. The “Loanland Real Estate Tactical Credit Fund I S.C.A. SICAV-RAIF (LLRETCF I)”, is an individual mandate under an evergreen structure and will invest a three-digit million euro amount on behalf of a German insurance company.

Azora announces the fourth acquisition made by its flagship US Multifamily Fund, ONE Azora Exan Multifamily Fund I, through the purchase of Elite Crossing in April 2023.

Peakside Capital Advisors AG has acquired an 85,000 sq.m. logistics site with an existing property as well as development land in Burgbernheim in the Nuremberg metropolitan area from a private seller. The price was in the low two-digit-million-euro range. The asset will become part of the Peakside Real Estate Fund IV (“PREF I...

TSC Real Estate has brokered a lease agreement for a vacant area of nearly 370 m² in Duisburg-North Medical Centre (mzd) and – after overseeing and managing the alterations and fit-out – attained the full occupancy of the property. The new tenant is a leading local operator of speech therapy practices, Covelli Dickerhoff GmbH...

Hines has acquired five logistics assets across three separate transactions from different vendors throughout the United Kingdom, Spain, and The Netherlands on behalf of its Hines European Property Partners (HEPP) core-plus fund.

Union Investment is further expanding its strategic position in the European residential property market and has acquired a large part of the MIX Amsterdam development for its open-ended real estate fund UniImmo: Europa. The vendor is property developer MRP, which will continue to implement the project for Union Investment. T...