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3 weeks ago | 
realassets.ipe.com | Virna Asara
UK real estate investment manager Newcore Capital achieved a £100m first close this week for its £375m (€442m) core-plus fund, the Newcore Social Infrastructure Income Fund (NSIIF).
The fund has secured three institutions as cornerstone investors: The Parliamentary Contributory Pension Fund, a local government pension scheme and an insurance company client of Capricorn Private Investments, an outsourced investment office.
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1 month ago | 
realassets.ipe.com | Virna Asara
Spanish investment manager Valfondo is launching its first European logistics development fund after receiving backing from a major US investment group.
The firm, which is behind the creation of the €1.5bn Montepino REIT logistics platform in Spain, has raised an initial €160m of equity with the potential for a further €140m in the future.
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1 month ago | 
realassets.ipe.com | Virna Asara
Germany’s Union Investment Real Estate has confirmed it is looking to sell the prime mixed-use Centre d’Affaires Paris-Trocadéro complex on Paris’ Avenue Kléber.
The asset manager has mandated advisor CBRE to start marketing the scheme which it bought in 2009 on behalf of its UniImmo: Deutschland open-ended fund.
According to those who track the market, the 41,234sqm scheme is expected to fetch over €700m. A Union Investment spokesperson declined to comment on the price.
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1 month ago | 
realassets.ipe.com | Virna Asara
GTC, a CEE-focused developer and investor, says 2024 was a “breakthrough” year for the company, experiencing record-breaking operational results in the office and retail sectors. “We achieved the highest leasing levels in a decade and, additionally, our shopping centres recorded significant growth in both visitor numbers and tenant turnover,” says Agnieszka Ciupak, managing director of GTC in Poland.
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1 month ago | 
realassets.ipe.com | Virna Asara
IPE Real Assets Membership
IPE Real Assets has created a suite of products and services for Europe’s institutional real estate investment community.
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1 month ago | 
realassets.ipe.com | Virna Asara
A new residential investment fund from European asset manager Patrizia is among four vehicles launching, or landing capital.
Patrizia is said to be targeting €1 bn of commitments for a new vehicle called TransEuropean Living expected to deliver returns in the range of 13% and 15%, while in the UK Fiera Real Estate’s local arm announced plans to launch a new logistics development fund.
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2 months ago | 
realassets.ipe.com | Virna Asara
Nuveen, Neinver, Union Investment and CA Immo are all mulling sales in CEE to capitalise on the region’s strong operational dynamics, with well over €1 bn of prime CRE assets expected to come to market.
Spanish retail specialist Neinver and joint venture partner Nuveen are understood to be preparing the sale of their factory outlet portfolio in Poland in what is expected to become the country’s largest retail sale of the year.
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2 months ago | 
realassets.ipe.com | Virna Asara
Intu Group’s administrators have reached an agreement to sell Intu’s 50% shareholding in the Xanadú shopping centre in Madrid over four years after making a first sale attempt amid a struggling retail property sector.
Rivoli Asset Management, a Madrid-headquartered firm supporting private wealth clients of Banco Santander led by Julián Crespo, is buying half of the 117,000m2 scheme in a transaction which values the entire shopping centre at around €416 mln. Nuveen owns the remaining 50% stake.
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2 months ago | 
realassets.ipe.com | Virna Asara
Two UK real estate credit investment firms, BlueWater and NorthWall have sealed Europe’s largest single asset hotel refinancing since Covid by providing a landmark £310 mln (€372 mln) refinancing for Shiva’s The BoTree hotel in Marylebone, London.
Under the deal, BlueWater Capital granted a £170 mln senior loan and NorthWall Capital lent £140 mln, refinancing an existing loan with Cale Street Real Estate Partners and Crosstree Investments.
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2 months ago | 
realassets.ipe.com | Virna Asara
Logistics specialists have bagged large portfolios in Europe’s core countries.
The Segro European Logistics Partnership (SELP) joint venture has agreed to acquire a portfolio of six assets from Titanium Ruth Holdco Limited (formerly known as Tritax EuroBox) for €470 mln, or a net initial yield of 5%.
The portfolio encompasses 370,000 m2 of fully-leased, modern logistics space in Breda and Roosendaal in the Netherlands as well as in the Frankfurt corridor and the Rhine-Ruhr region in Germany.
