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The 14th annual edition of the Association of the Luxembourg Fund Industry (ALFI) Real Estate Investment Funds Survey showcases the resilience and growth of the real estate investment sector in Luxembourg. It reveals that the industry saw assets under management of regulated REIFs increase by 7.22% compared to last year, brin...
Corestate Capital Holding S.A. has a new anchor investor, Vestigo Immobilien Investments Limited Partnership. Since 27 November 2020, Vestigo owns around 9.9% of the share capital of the Company. In the context of the investment of Vestigo as well as further investors, all previous members of the Supervisory Board resigned fr...
On 10 November 2020, AG Real Estate and Société Générale Assurances completed the sale of the remaining shares in the company B.G.1., Owner of the “Crystal Park” building. This office development is located at “La Cloche d'Or” in the Grand Duchy of Luxembourg.
Invesco Real Estate today announces the launch of the Invesco Real Estate European Living Fund, an open-ended fund investing in pan-European residential assets. The Fund has an initial equity commitment of c.€140m, which with debt provides c.€190m of investment capacity, which Invesco intends to deploy on two initial investme...
Mapfre has acquired an office building in Luxembourg, currently home to the law firm Clifford Chance. Office space makes up 82 percent of the 5,195-m² property, which is located at 10 Boulevard Grande-Duchesse Charlotte in the heart of the city’s financial district and holds BREEAM sustainability certification.
The market for healthcare property in Germany generated an investment volume of almost two billion euros in the first three quarters of 2020, signifying growth of 45 percent compared with the year-earlier period. This increase was mainly attributable to care homes that accounted for €1.34 billion and, with a share of almost 6...
Catella IM Benelux (CIMB) has named Maurits Olde Meule as Managing Director with effect from 1 October. Olde Meule joined the company in 2018 as Asset Manager and was promoted to Director of Asset Management in 2019, in which capacity he also became a member of the management team. He previously worked for CBRE as Commercial ...
Germany and Central Eastern Europe (CEE) reported investment turnover growth across commercial real estate in H1 2020, despite the effects of Covid-19 in Q2, according to Savills latest European Investment Spotlight.
The latest research from the international rental marketplace, Spotahome, has revealed that just six European capitals have seen the cost of renting fall over the last year. Spotahome analysed monthly rental data across each capital city in the EU, as well as London, and found that the cost of renting has increased by 3% on a...
Schroders has so far raised €425m of equity commitments for its debut hotel fund, the Schroder European Operating Hotels Fund I. The closed-end, Luxembourg domiciled Fund is targeting €500m of total equity. The majority of capital to date has been committed by some of Europe’s largest insurance companies.
Patrizia AG has appointed Suzy Denys, effective 1st July, as its new Head of Asset Management for Belux (Belgium and Luxembourg) with additional responsibility of leading the Belgium country office and team.
Palmira Capital Partners has appointed Peter Salostowitz FRICS as Head of Research. In this newly created position, Peter Salostowitz will be analysing the company's core investment markets that, as well as Germany, include the Benelux countries, France, Austria, Poland and Spain.
The family office AM alpha has completed the acquisition of 21 Rue Eugène Ruppert, a grade A office building in a prime location of Luxembourg Cloche d´Or. The deal was closed in first quarter 2020 with the Luxemburg based investment manager FFF Asset Management for an undisclosed price.
Patrizia AG has acquired the Aire office building in Luxembourg City on behalf of its institutional clients. The acquisition increases the number of properties the company manages in Luxembourg to 13, comprising total space of around 87,000 m², with a total value of approximately €800 million.
Maples Group, advised by Savills, on its relocation to new premises in Luxembourg. The group has leased 45,200 sq ft in the Helios building in Cloche d’Or business district, located just minutes from motorways leading to the borders of France, Germany and Belgium. The new office space combines all of the Group's Luxembourg se...
BNP Paribas REIM on behalf of its Next Estate Income Fund III (NEIF III), managed by BNP Paribas REIM Luxembourg agreed with Grossfeld PAP on the sale of the Kockelscheuer office project in Luxembourg. The property is expected to be delivered in Q1 2022 and aims at granting a BREEAM Excellent green certification. The five-sto...
Real I.S. AG raised its transaction volume by €300 million to almost €1.8 billion in the financial year 2019. Of this amount, a little over €1.2 billion was attributable to acquisitions and around €600 million to sales. Germany accounts for the major part of acquisitions, followed by the Netherlands and France. In terms of sa...