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Funds / REITS

AXA IM Alts buys prime Kyoto hotel for €43m

AXA IM Alts has acquired, on behalf of clients, a prime hotel in Kyoto, Japan, for ¥6.8 billion (€43 million) of total project cost. The investment manager has also signed a management agreement with IHG Hotels & Resorts. The hotel chain will open the Holiday Inn Kyoto Gojo in early 2025.
Wednesday, 5. June 2024

Torus sells Format in Gdansk to Greenstone

Private equity fund Greenstone has acquired an almost 80% stake in a special purpose vehicle owning the Format office building in Gdansk in what is the first big-ticket office transaction in Poland’s regional cities since 2022. The vendor was Torus which was advised during the transaction process by Cushman & Wakefield and Gr...
Tuesday, 4. June 2024

Helvetica continues funds merger

The merger between the Helvetica Swiss Commercial Fund (HSC Fund) and the Helvetica Swiss Opportunity Fund (HSO Fund) will be finalised in 2025, subject to approval by FINMA. In addition to the amendments to the fund contract of the HSO Fund and the HSC Fund, Helvetica Property Investors will provide information on the indivi...
Tuesday, 4. June 2024

Hausinvest increases lease volume in Q1 2024

The Commerz Real open-ended real estate fund Hausinvest concluded new leases or lease extensions for 73,351 square metres in the first quarter of 2024, about 23,570 square metres more than in the same period of the previous year (approx. 49,784 square metres). In this respect the lion's share of this volume was accounted for ...
Tuesday, 4. June 2024

Bouwinvest appoints Paul van Stiphout as Fund Manager Dutch Residential Investments

Bouwinvest Real Estate Investors has appointed Paul van Stiphout as Fund Manager Dutch Residential Investments effective 1 June 2024, after he filled this position on an interim basis. In his new position, he is responsible for the investment strategy and fund management of the Bouwinvest Dutch Institutional Residential Fund.
Monday, 3. June 2024

LondonMetric sells retail properties and acquires warehouse assets

LondonMetric Property has sold seven properties in separate transactions for c. €36.6m, reflecting a blended NIY of 7.0% and a 3% profit over prevailing book values. They include c. €21.4m million of non-core LXi REIT assets, which have been sold at 5% ahead of prevailing book values.
Friday, 31. May 2024

CER III acquired residential and commercial assets for €50m

The Catella European Residential III Fund (CER III) has, in cooperation with Catella Asset Management Oy, acquired a portfolio of 243 new-build apartments, six commercial units and 122 parking spaces in the Finnish cities of Helsinki, Tampere, Turku and Vantaa, for approximately €50m from Oivat Kaupunkikodit Ky, a fund manage...
Friday, 31. May 2024

Wihlborgs buys Malmö property from Schroders for over SEK 180m

Wihlborgs has acquired the Värdshuset 2 property above Hyllie station in Malmö, with a direct connection to Malmö Arena and the Emporia shopping centre. The seller is Schroder Real Estate KVG, on behalf of Schroder Nordic Real Estate Fund. The office building is being acquired at an underlying property value of SEK 180.5 mill...
Friday, 31. May 2024

Partners Group offloads SEK 1.3bn million Swedish retail portfolio to SHF

Partners Group, acting on behalf of its clients, has entered into an agreement to sell a Swedish retail warehouse portfolio to Svenska Handelsfastigheter for approximately SEK 1.3 billion. The portfolio was held in the structures Sveafastigheter Fersen and Sveafastigheter Fersen II and has been managed by Brunswick Real Estat...
Friday, 31. May 2024

AXA IM Alts completes Altiplano office development in Paris La Défense

AXA IM Alts has completed its Altiplano office development in La Défense, Paris. The sustainable, high-quality and amenity-rich building will deliver 57,000 sqm of office space, developed on behalf of its clients, into the highly supply constrained Paris office market.
Friday, 31. May 2024

Azora acquires 5* Hotel Praia D'El Rey

Azora has signed a new deal to further strengthen its hotel portfolio in Portugal. The transaction includes the acquisition of the 5-star Marriott Praia d'El Rey Hotel, two leading 18-hole golf courses and the management of a large rental pool of apartments in Praia d'El Rey.
Thursday, 30. May 2024

ActivumSG exits three Spanish shopping centres for €140m

ActivumSG has sold three Spanish shopping centres from the Iberia Fund I portfolio for a total of €140 million. It is not yet known who the buyer is. The three centres are located in Barcelona, Caceres and Bilbao.
Wednesday, 29. May 2024

Krefeld: Aconlog sells logistics solitaire to Highbrook and Valon

Cologne-based project developer Aconlog has successfully sold its new logistics building in Krefeld to US investment manager HighBrook Investors and its partner Valon. The logistics property will expand the urban logistics platform founded by the two partners in 2022. The sale price is in the lower double-digit millions.
Tuesday, 28. May 2024

M7 signs 10-year lease agreement with Klifo A/S near Copenhagen

M7 Real Estate has fully let c. 6,400 sq m of combined warehouse and office space at Abildager 24, in Brøndby, an established distribution location near Copenhagen, to Klifo A/S, a North European drug development consultancy with significant experience in partnering with pharmaceutical and biotech companies.
Tuesday, 28. May 2024