BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist that is part of Canada’s BMO Financial Group, has completed the acquisition of two newly developed Travelodge hotels.
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UK-focused real estate fund manager Moorfield and student housing group We Are Kin have formed a partnership to amass a £50 mln (€60 mln) portfolio of professionally managed student houses across the UK.
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Swiss Life Asset Managers has secured the acquisition of a care home portfolio from Threestones Capital in one of the largest transactions in the sector for the past several years.
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US investment management firm Harrison Street has joined forces with Madrid-based developer Alta Real Estate to develop a purpose-built student accommodation (PBSA) property in Salamanca, Spain.
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The recovery of the European hotel market will initially be driven by domestic travel demand, with hotel revenues not forecast to recover across the market to pre-pandemic levels until 2024, according to the latest research from global real estate advisor, CBRE.
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Global real estate investment manager Invesco Real Estate has inked a strategic partnership deal with affiliates of Westmont Hospitality Group, one of the largest private hotel property owners and operators in the world.
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Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General, has announced its expansion into the UK’s ‘Golden Triangle’ through the acquisition of Melbourn Science Park in Cambridge, UK, forming a new strategic partnership with independent technology and product development company TTP.
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US alternative investment manager Ares Management Corporation (Ares) has made its European student housing debut with the acquisition of two student accommodation assets providing a total of 1,359 beds in the UK in joint venture with resi developer-investor Generation Partners (Generation).
The assets, located in the cities of Exeter and Cardiff in the UK, were bought for £157.5 mln (€183 mln).
Principal Real Estate Investors is aiming to launch a new strategy this year to take advantage of the strong fundamentals underlying European data centres.
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Hamburg-based investment and asset manager Captiva has announced the acquisition of two assisted living properties in the Bavaria region of Germany from the KRE Group for a total of €75 mln.
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German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.
