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Funds / REITS

Union Investment sells two properties in the centre of Tokyo

Union Investment has profitably sold the Shibuya Prime Plaza office building and the J6 Front office and retail building in Japan's capital Tokyo. Both properties are part of the portfolio of open-ended real estate fund UniImmo: Europa: J6 Front, built in 2008, was acquired in 2014, while Shibuya Prime Plaza, completed in 200...
Friday, 1. March 2024

Patrizia proposes sixth consecutive increase in dividends

Patrizia has published preliminary, unaudited financial results for FY 2023. The Company successfully diversified its investment platform and delivered further organic growth in assets under management (AUM) through strategic investments. Recurring management fees continued to grow in line with strategy, while transaction fee...
Thursday, 29. February 2024

Deka buys Italian Deloitte headquarters from Ardian

Deka Immobilien has acquired the Italian headquarters of Deloitte. The auditors only inaugurated the historic Veneto 89 building in January. Ardian and Prelios SGR, on behalf of Areef Sicaf S.p.A, extensively renovated the property last year and have now successfully placed the Trophy Asset Trophy in the historic center of Ro...
Tuesday, 27. February 2024

Hausinvest leased out an additional 25,000 square metres in 2023

Commerz Real's open-ended real estate fund Hausinvest concluded new leases or extended existing leases for an area of approx. 207,700 square metres in 2023, about 25,400 more than in the previous year (approx. 182,300 square metres). The number of lease agreements concluded increased from 623 to 755. The largest proportion of...
Monday, 26. February 2024

Union Investment passes Stockholm office asset to Niam

The off-market deal signed between Union Investment and the Swedish real estate company Niam at the end of December has been completed: the Smultronet 6 office building has changed hands. The parties have agreed not to disclose the purchase price, but according to Union Investment, the asset has been „successfully sold above...
Friday, 23. February 2024

Deka closes €160 million logistics deal near Paris with Gemfi

Deka and Gemfi, the development arm of Gicram Group, have concluded the forward deal signed in May 2022 . The developer has completed and handed over the e-fulfillment center in February. The new building will be added to the portfolio of the Deka-ImmobilienEuropa open-ended property fund.
Friday, 23. February 2024

Barings acquires site for development of Grade A Italian logistics warehouse

Barings has completed the acquisition, through an existing Italian real estate fund managed by Savills IM SGR, of a c. 70,000 sq m parcel of land in northern Italy from a private Italian company on behalf of its second real estate European value-add fund (BREEVA II).
Thursday, 22. February 2024

KGAL acquires fully let residential portfolio in Dublin

KGAL Core 5 Life has acquired a portfolio in Lucan, County Dublin, consisting of three residential buildings with 104 units. The properties, which were built between 2020 and 2022, have a total lettable area of 8,882 square metres. The attractive purchase price multiplier of the off-market deal appropriately reflects the curr...
Thursday, 22. February 2024

Sonae Sierra and Bankinter launch new investment vehicle

Bankinter Investment SGEIC and Sierra have set a new milestone in their alternative investment strategies with a major real estate transaction. Both entities have launched Ores Germany, a new alternative investment vehicle aimed at investments in retail real estate in the German market.
Wednesday, 21. February 2024

CMSRE acquires office and educational property in Copenhagen

CapMan Social Real Estate acquires a historical office and educational property, currently fully let to Copenhagen Business School (CBS), and situated in Frederiksberg, Copenhagen. This is the second investment for the recently established CMSRE fund which made its first investment in central Helsinki earlier this year. The i...
Tuesday, 20. February 2024

TSC achieves long-term lease for Schloss Westhusen in Dortmund

TSC Real Estate has negotiated a long-term extension of the lease agreement with the operator Alloheim for the senior citizens' residence „Schloss Westhusen“ in Dortmund on behalf of a Luxembourg-based fund company, at the same time reaching an agreement that the facility be modernised as part of its long-term positioning.
Tuesday, 20. February 2024

Savills IM buys two prime logistics assets in France

Savills Investment Management has acquired two urban logistics assets in Amiens and Valence for its European Urban Logistics & Industrial Fund (EULIF). The seller is 6e Sens Immobilier, one of the major players in property development and value enhancement in France.
Tuesday, 20. February 2024

Starwood Capital invests in Echelon Data Centres

Starwood Capital Group had made a strategic investment in Echelon Data Centres via a controlled affiliate. The transaction will see Starwood Capital commit approximately $850 million through Starwood Opportunity Fund XII and Starwood Real Estate Income Trust, Inc, becoming a 50% shareholder in Echelon and providing material c...
Friday, 16. February 2024

CapMan acquires Seminaari school in Hämeenlinna

The CapMan Nordic Real Estate III fund acquires the Kauriala buildings and a plot belonging to the Seminaari school located in Hämeenlinna from the University Properties of Finland. The Seminaari school is located in the Kauriala neighbourhood of Hämeenlinna, and it is the largest primary school in Hämeenlinna with approximat...
Friday, 16. February 2024

CRIM acquires another Elithis project in Clermont-Ferrand

Catella Residential Investment Management has acquired an Elithis 'energy-positive' residential tower and attached low-rise building development in the city of Clermont-Ferrand in the Auvergne-Rhône-Alpes region of central France on behalf on an institutional mandate for an estimated investment of approx. €29 million.
Thursday, 15. February 2024

Palmira acquires assets worth €200 million in 2023

Palmira acquired assets for a total of €200 million as part of its acquisition strategy in 2023. These included, for example, the Ikaruspark in Puchheim and the Science Park in Trier. The letting result of 215,000 m² is also impressive.
Tuesday, 13. February 2024

Hauck Aufhäuser acquires data center near Hamburg

The Real Estate Investment Management of the private bank Hauck Aufhäuser Lampe has acquired a colocation data center on behalf of the „HAL Digitale Infrastruktur Deutschland 1“ fund from x-ion GmbH. The purchase is a share deal and marks the first investment of the special AIF launched at the end of 2023.
Monday, 12. February 2024