Real Estate Updates
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Asset Manager News
Retail Attractiveness Index: European retail markets rebound after pandemic
The positive trend in European retail markets is becoming more entrenched. The signs of recovery that emerged in the first quarter of 2023 gained in strength and breadth in Q2 2023. This upward trend then continued in the majority of countries in the first quarter of 2024.
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Asset Manager News
Heitman Completes the Acquisition of Bjerkebanen Apartments in Oslo
Heitman LLC (“Heitman”), a global real estate investment management firm today announced the acquisition of its first residential asset in Oslo. Bjerkebanen Apartments is located in the growing Bjerke district of Oslo and has over 6,000 square metres of residential and commercial space.
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Asset Manager News
Taste Of Italy 2 Invests In Serroplast, Leader In Table Grape Covering Systems
Taste of Italy 2, a private equity fund specialised in the agri-food sector and managed by DeA Capital Alternative Funds SGR, has acquired 59% of Magel S.r.l. (“Serroplast“) with the aim of accelerating its growth, also through international expansion.
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Asset Manager News
DeA Capital Real Estate In Iberia Builds New Apq Logistics Warehouse For Ecoquímica In Pinto
DeA Capital Real Estate in Iberia is building a new logistics platform leased to EcoQuímica Logistica Integral, an operator specialising in the storage and management of chemical waste. This is a turnkey project located in sector 5 of the Río Pinto industrial estate. The municipality of Pinto (Madrid), which is only 20 km from the centre of the capital, stands out as a strategic enclave due to its connection to the Cantabrian Highway and its proximity to important services in western Asturias, offering direct connections to the A-4, R-4 and M50.
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Asset Manager News
Achmea Real Estate acquires neighbourhood shopping centre De Korf
Achmea Real Estate has acquired neighbourhood shopping centre De Korf in Krimpen aan den IJssel on behalf of the Achmea Dutch Retail Property Fund (ADRPF) from Van der Vorm Vastgoed. The 9,000 m2 centre has 34 tenants and is fully let. The neighbourhood shopping centre focuses on daily shopping with tenants such as Jumbo, Lidl, Action, Kruidvat and Zeeman.
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Asset Manager News
Deka Immobilien anti-cyclically acquires an office building in Ireland
Deka Immobilien has acquired a high-end office building in Dublin’s historic centre for around EUR 37 million.
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Asset Manager News
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 euros. 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 discretionary funds.
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Asset Manager News
GARBE Industrial Real Estate Establishes New “Light Industrial” Business Line
GARBE Industrial Real Estate (“GARBE”), one of the leading specialists for logistics and industrial properties in Germany and elsewhere in Europe, actively continues its strategic expansion, and is establishing another business line, “Light Industrial”. The “IndustrialQuarter” brand already established by GARBE, which has so far focused on the new-build segment, will be expanded in the context of the new business line to include existing properties belonging in this segment.
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Asset Manager News
Redevco and former redos founder Oliver Herrmann launch Redevco Capital Partners to target European special situations real estate opportunities
Redevco, and Oliver Herrmann, founder of German large-scale retail specialist redos, launch Redevco Capital Partners, targeting special situations real estate opportunities across Europe.
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Asset Manager News
Scape Australia closes third PBSA Development JV at AUD1.0bn alongside APG and Ivanhoé Cambridge
Scape Australia has formed a partnership with Dutch pension investor APG Asset Management N.V. (‘APG’) and Ivanhoé Cambridge, a global real estate investor, to develop Purpose-Built-Student Accommodation (‘PBSA’) assets in Australia’s thriving student housing sector.
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Asset Manager News
Défi i3C: When a predictive data model helps real estate investment
For the second edition of Défi i3C, Ivanhoé Cambridge recognized the work of three students from HEC Montréal and Polytechnique Montréal whose predictive data science model helped identify the asset classes that are most resilient to the rise of hybrid work and, conversely, those most affected by this new work habit.
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Asset Manager News
Hines And Ivanhoé Cambridge Announce The Sylvie, A New Concept By Berg Hospitality Group, Coming To Texas Tower
French-European Cuisine Meets Urban Sophistication in Downtown Houston
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Asset Manager News
Ivanhoé Cambridge, PSP Investments and Greystar Announce the Grand Opening of The Dorsey in Denver, Colorado
The 13-story residential building delivers 230 residences, state-of-the-art indoor and outdoor amenity spaces to Denver’s Five Points neighborhood
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Asset Manager News
Achmea Real Estate leases over 7,000 sqm to international retailers in Rotterdam, Amsterdam and The Hague
Achmea Real Estate has leased a total of 7,260 sqm of retail space to new tenants on behalf of the Achmea Dutch Retail Property Fund (ADRPF) in recent months. In addition, several existing leases were extended on a long-term basis.
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Asset Manager News
Slättö announces investment from Ares Management
Slättö and Ares Management Real Estate Secondaries funds (“Ares”) have agreed to support the recapitalization of a market-leading light-industrial and logistics portfolio, which is managed by Slättö. The portfolio comprises 28 assets with value concentrated in the Stockholm and Helsinki metropolitan areas.
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Asset Manager News
Actis Agrees Sale Of Fibre Operator Octotel
Actis, a global investor in sustainable infrastructure, has signed an agreement to sell leading South African fibre network operator Octotel to a consortium of investors, led by African Infrastructure Investment Managers (AIIM) and also comprising STOA and Thebe Investment Corporation.
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Asset Manager News
Actis To Acquire Swiftnet For US$355m With Plans To Create A Leading Independent Telecom Tower Platform In South Africa
Actis, a leading global investor in sustainable infrastructure, together with Royal Bafokeng Holdings as its empowerment partner, has entered into an agreement to acquire a 100% stake in Swiftnet, a leading telecom tower portfolio in South Africa, from Telkom for an Enterprise Value of ZAR6.75 billion (c.US$355 million).
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Asset Manager News
Bouwinvest raises €520 million in new commitments and executes €503 million in real estate transactions in the Netherlands in 2023
In 2023, investors committed €520 million of capital to Bouwinvest’s Dutch strategies. This is split between €120 million for investments in the Residential Fund, Retail Fund, and Office Fund, and €400 million for the new Impact Partnership. At the same time, Bouwinvest made €288 million in real estate acquisitions and €215 million in divestments on behalf of investors in 2023.
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Asset Manager News
Redevco and SFP launch ‘Next Gen Stays’ Iberian Hotel Joint Venture with Portfolio Target of c. €300 Million
Redevco and Swiss Finance & Property Group (SFP Group) have formed an Iberian hotel Joint Venture. Following a first close, a fund managed by SFP has indirectly taken a majority stake in ‘Next Gen Stays,’ currently comprising a seed portfolio of six assets in Portugal and Spain in the Lisbon, Porto, Bilbao, Malaga and Seville. The strategy is targeting a net levered IRR of 15%+ over a five-year period and aims to build up a portfolio of around €300 million.
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Asset Manager News
Bouwinvest invests USD 75 million in serviced residences and co-living concepts in Asia Pacific
The Bouwinvest Asia Pacific Mandate has invested USD 75 million in the CapitaLand Ascott Residence Asia Fund II (CLARA II), a private fund managed by CapitaLand Investment Limited (CLI). The investment strategy focuses on furnished serviced accommodation and co-living concepts in gateway cities within developed markets in the Asia Pacific region, including Japan, Singapore, South Korea, Australia and Hong Kong.