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» Chronological View: " Residential " «

Deutsche Asset One acquires €90m residential portfolios for Union Investment

Deutsche Asset One has acquired 750 apartments valued at around €90m for two separate account mandates from Union Investment. The apartments, located in Hamburg, Leipzig, Magdeburg and Saarbrücken, were traded predominantly as off-market transactions. Among the sellers were a number of German family offices. In the past 24 mo...
Tuesday, 16. October 2018

SSM sells 176 rental units in its Täby Turf project to Willhem

SSM Holding AB has carried out an investor transaction that involves selling 176 rental units in its Täby Turf project to Willhem. The selling price is c. €45.8 million (SEK 473 million) and revenue for the project is expected to be recognized during the period Q1 2019 to Q1 2021. The first tenants are expected to move in dur...
Tuesday, 16. October 2018

Vonovia buys stake in resi portfolio from SNCF as part of consortium

AMPERE Gestion, a subsidiary of CDC Habitat, and Swiss Life Asset Managers, Real Estate France, acting on behalf of five institutional investors, have announced an agreement to acquire 80% of Foncière Vesta from ICF Novedis, an SNCF subsidiary. Foncière Vesta currently owns a portfolio of 4,000 units of housing that give prio...
Monday, 15. October 2018

Principal acquires residential park for Care Invest I

Principal Real Estate Spezialfondsgesellschaft mbH, acting as fund manager of the Care Invest I fund, has acquired a residential park in Springe, near Hanover, Lower Saxony. Two of the 23 units were purchased from VIT GmbH, Bremen, the other 21 from Pro-Immo GmbH. The parties agreed not to disclose the purchase prices. The en...
Monday, 15. October 2018

Aedifica acquires two rest homes in Lierde and Evere

Aedifica SA has acquired rest homes in Lierde and Evere with a contractual value of approx. €35 million. The rest homes are operated by entities of the Vulpia group since 2002. The leases established for these two sites are irrevocable 27-year triple net long leases. The initial gross yield amounts to approx. 5%. In addition,...
Monday, 15. October 2018

CA Ventures grows London-based European division with new executive hire

CA Ventures, a U.S. real estate investment holding company, today announced an executive appointment in the firm’s new European headquarters, located in London’s Marylebone neighborhood. Christian Davis will serve as vice president of acquisitions, assisting the firm with sourcing and executing purpose-built student housing a...
Friday, 12. October 2018

Invesco RE acquires first residential asset in Germany

Invesco Real Estate has acquired Mainwald, a 22.600 sqm residential complex in Germany from LBBW Immobilien Development GmbH. The forward funding development is the first residential asset the firm has acquired for its core pan-European flagship strategy. The newly-built, high-quality and energy efficient residential complex,...
Wednesday, 10. October 2018

Nursing care properties as capital investments

Germany's population is ageing. What used to be perceived more as a theoretical phenomenon has long since become reality: the proportion of elderly people among the total population is increasing and demand for appropriate care places already exceeds supply. According to Cushman & Wakefield's new report „Nursing Real Estate ...
Wednesday, 10. October 2018

Home Invest Belgium appoints Sven Janssens as new CEO

The Boards of Directors of Home Invest Belgium has appointed Sven Janssens as future Chief Executive Officer. Janssens will join the company on December 3rd, 2018. The Board of Directors has also decided to proceed to the appointment by co-option of Janssens as executive director for the remaining period of the mandate of the...
Wednesday, 10. October 2018

AXA IM - Real Assets adds Joe Persechino and Vincent Mezard to Sector Specialists team

AXA Investment Managers - Real Assets (AXA IM - Real Assets) has further bolstered its Sector Specialists team with the appointments of Joe Persechino as Head of Residential & Student Accommodation and Vincent Mezard as Head of Hospitality. These appointments add to AXA IM - Real Assets deep pool of experts, as it seeks to wi...
Wednesday, 10. October 2018

Real I.S. acquires “Neues Bahnhofsareal” in Ditzingen for individual mandate

Real I.S. AG has acquired the residential and commercial “Neues Bahnhofsareal” project in Ditzingen, Germany, acting on an individual mandate from an institutional investor. Completion of the three residential and commercial buildings has been scheduled for 2020. The sellers are MBP Projekt BA Ditzingen GmbH & Co. KG, based i...
Tuesday, 9. October 2018

Aedifica acquires three healthcare sites for €35 million

Aedifica SA has acquired three healthcare sites in Leiden, Oss and Amersfoort. The three operational sites are primarily intended for seniors opting to live independently with care services available on demand. The buildings were constructed in different years and have had several renovations, most recently in 2017. The total...
Tuesday, 9. October 2018

Assura completes three acquisitions for a total of £50 million

Assura has completed a further three acquisitions for a combined consideration of £50 million (c. €56.9 million). This takes the year to date spend on additions to £158 million (c. €179.8 million) comprising 42 medical centres (including two developments) with a passing rent roll of £7.7 million (c. €8.76 million) and a weigh...
Tuesday, 9. October 2018

Tristan fund enters forward purchase agreement to acquire 372 rental units in Dublin

A fund advised by Tristan Capital Partners has entered into a forward purchase agreement to acquire 372 private rental sector (PRS) apartments to be developed in the Clongriffin area of North Dublin from Twinlite. The units are spread over three blocks, which also benefit from 408 parking spaces and modern tenant facilities.
Tuesday, 9. October 2018

Aberdeen Standard unlocks Helsinki home deal

Aberdeen Standard Investments has made its largest investment to date for its Pan-European Residential Property Fund, buying over 800 privately rented apartments in Helsinki. This is the fund’s first acquisition in Finland and takes the total gross commitments to €450 million, invested across five residential schemes incorpor...
Monday, 8. October 2018

Ralph Winters W5 Group acquires significant stake in co-living proptech

Ralph Winter's W5 Group acquires a stake in the international co-living company QUARTERS, which belongs to the sector leader Medici Living, and simultaneously joins the company’s advisory board. Founded in 2012, the proptech company Quarters operates around 2,000 rooms in Germany, the USA and the Netherlands. Quarters is head...
Monday, 8. October 2018

Care home sector remains attractive to investors

The UK’s care homes remain a compelling proposition for investors, providing a defensive investment opportunity in the face of Brexit, according to the latest research from Knight Frank. The review demonstrates that the sector continues to be resilient despite uncertainty, with occupancy rates standing at a record high of 89....
Monday, 8. October 2018