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Mitiska REIM on behalf of the FRI 2 fund sold a French and Portuguese retail park to Sogenial Immobilier. This sale marks the completion of Mitiska REIM’s value-creation programs for these assets, and follows similar divestments in Belgium, Portugal and Romania over the past three months which have delivered more than €500 mi...
Focus Estate Fund successful restructured in Luxembourg, Europe's largest fund and asset management destination. From now on the fund shall operate as a Luxembourg based Alternative Investment Fund.
Quadoro Investment GmbH, the Alternative Investment Fund Manager (AIFM) overseeing the open-ended special fund Quadoro Social Infrastructure (QSI), has completed the acquisition of a sustainable office complex in Recklinghausen, North Rhine-Westphalia.
Helvetica Property Investors AG's funds HSC, HSO and HSL were performing stable in 2023. The preliminary application for a merger of Helvetica Swiss Opportunity Fund (HSO Fund) with the Helvetica Swiss Commercial Fund (HSC Fund) has been submitted to the FINMA.
Castello SGR, on behalf of its GEM fund, has purchased the Grand Hotel Poltu Quatu in northern Sardinia from Pulcini Group. The price of €70 million included the luxury hotel and approximately 100 residential units.
ARA Europe, the European platform of ESR Group, has acquired an urban logistics complex, located on the outskirts of Rouen in France, on behalf of its ARA Europe Active Real Estate Fund V. The acquisition forms part of the fund’s seed portfolio, which focuses on the aggregation of well-located last-mile distribution warehouse...
Deka Immobilien has sold a hotel in Gothenburg. The property belongs to the portfolio of WestInvest ImmoValue, an investment fund designed for institutional investors. Sinoma Fastigheter AB, a company owned by Swedish investor Balder and pension fund Folksam, has acquired the property. The parties have agreed not to disclose ...
UK Commercial Property REIT Limited has sold its 67,000 sq ft office building in Temple Quay, Bristol, to Tri7. 2 Rivergate in Temple Quay, Bristol, has been sold for £14.5 million, which is in line with the 31 December 2023 valuation and is let for one more year to The Secretary of State for Levelling Up, Housing & Communiti...
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...
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...
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...
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...
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...
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.
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).
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...
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.