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Funds / REITS

Deka Immobilien sells Coty's Headquarters in Paris

Deka Immobilien has sold the office building Opéra Gramont, located at 14 rue du Quatre Septembre in Paris for approximately €107 million. The property was part of the WestInvest ImmoValue portfolio, an investment fund designed for institutional investors, and was acquired by Osae Partners on behalf of one of its discretionar...
Friday, 26. April 2024

VGP and Areim complete first closing in Saga joint venture

VGP NV and Areim Pan-European Logistics Fund (D) AB signed the first seed closing between VGP and their 50:50 joint venture, Saga. The transaction comprises 17 logistics buildings in 10 VGP Parks. The 17 buildings are located in Germany (6 parks, 8 buildings), the Czech Republic (3 parks, 5 buildings) and Slovakia (1 park, 4 ...
Thursday, 25. April 2024

Investec provides Hines with financing for West Midlands industrial portfolio

Investec Real Estate has provided Hines’ European Value Fund 2 (HEVF2) with financing to complete the acquisition of four multi-let industrial estates in the West Midlands. Acquired from LondonMetric Property, the portfolio comprises 47 units, which are a mix of light industrial, trade and mid-box warehouses, totalling 434,00...
Thursday, 25. April 2024

IGD closes sale of Italian retail portfolio to Sixth Street and Starwood

IGD SIIQ S.p.A signed the definitive contract, in execution of the preliminary agreement disclosed to the market on 23 February 2024, with Sixth Street and controlled affiliates of Starwood Capital and Prelios SGR S.p.A. The transaction involves the sale, by IGD, of a real estate portfolio for €258 million, consistent with th...
Wednesday, 24. April 2024

Scottish National Investment Bank invests £20m to ease housing crisis

The Scottish National Investment Bank has committed a further £20 million to the Mid-Market Rent („MMR“) strategy managed by Thriving Investments, the social value and ESG-focused real estate fund manager. The Bank's follow-on investment will support the development of up to 100 new homes and takes its total investment in the...
Tuesday, 23. April 2024

Morgan Stanley and Quinspark complete Pullman Paris Tour Eiffel purchase from Amundi

The sale of the Pullman Paris Tour Eiffel has been completed. The transaction joins a series of major hotel deals that demonstrate the attractiveness of the Paris hotel market. Recently, Sono Hospitality secured the Dame des Arts, City Developments Limited the Hilton Opera and Gruppo Statuto the Mandarin Oriental.
Tuesday, 23. April 2024

VGP and Deka complete second closing in 50:50 „RED“ JV

VGP NV and Deka Immobilien announced the signing of the second closing between VGP and their 50:50 joint venture, RED (The 'Fifth Joint Venture'). The transaction comprises two logistics buildings and a multi-storey car park which were developed in parks that have already transferred to the joint venture in the first closing....
Tuesday, 23. April 2024

Imaxxam acquires West Side Spark in Bonn

Imaxxam has acquired the newly constructed „West Side Spark“ office building in Bonn on behalf of the „Geno Rheinland Real Estate (GRRE)“ fund. The seller of the property, Swiss Life Asset Managers (SL AM Development Residential GmbH), developed the DGNB Gold-certified building on Václav-Havel-Platz.
Monday, 22. April 2024

Altaal and Nordic Credit Partners form investment company

Altaal and Nordic Credit Partners are joining forces to establish a Nordic investment company focused on alternative assets. Together, the group manages six billion Swedish kronor across real estate, infrastructure, and credits, distributed over six investment strategies, with a team of about 20 employees across offices in St...
Friday, 19. April 2024

Clarion buys Panattoni Park Voerde for 75 million

Shortly after its major portfolio deal with Blackstone, Clarion Partners is once again investing in Germany: Panattoni Park Voerde is joining the investment manager's portfolio for around €75 million. The logistics park, consisting of two buildings with more than 66,000 sqm of usable space, will be completed in 2023 and is fu...
Thursday, 18. April 2024

Trinity, Oaktree and UBS acquire Park Hyatt Zurich leasehold from Hyatt

A joint partnership among Trinity Investments, funds managed by Oaktree Capital Management and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements. The joint partnership purchased the hot...
Thursday, 18. April 2024