• Last three properties purchased and equity raised in full • Ninth closing of the successful Highstreet series with a yield of around 6% • Investment series includes 150 individual properties, with a total volume of c. EUR 2 billion
KGAL New Frontiers GmbH (KNF) has acquired a 22% share of SunErgy AS, a Norwegian company delivering innovative solar power infrastructure in emerging markets. This investment aims to test new business fields.
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, on behalf of M7 Polish Active Fund (“M7 POLAF” or the “Fund”), it has acquired three multi-let office assets in Poland in separate transactions for a total of €45 million which will form the first tranche of capital deployed for the Fund.
Deka Immobilien GmbH has concluded a new lease agreement for nearly 8,300 m² of office space in Melbourne, Australia. The co-working provider JustCo, Singapore, secured its largest space in Australia under this agreement. The office and commercial building at 15 William Street, which offers around 42,000 m² of space, is now fully leased.
The Supervisory Board of CORESTATE Capital Holding S.A. (CORESTATE), a leading European real estate investment manager, today appointed Lars Schnidrig its new Chief Executive Officer (CEO) and Chairman of the Management Board for four years.
UBS Asset Management (UBS-AM) today announced the appointment of Joseph (Joe) Azelby as Head of its Real Estate & Private Markets business. Joe will lead REPM’s USD 100bn global investment platform which operates out of 14 countries and with over 550 employees worldwide. He will be based in New York and report to Ulrich Koerner, President of UBS Asset Management and UBS Group EMEA.
Carsten Demmler (43) is transferring to Warburg-HIH Invest to serve as Head of Capital Management