Union Investment and Mercer Private Markets have raised €442 mln from institutional investors, mostly co-operative banks, for a new fund to invest in infrastructure.
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Europe-focused PPHE Hotel Group saw its like-for-like revenue grow by 8.1% in the first quarter of 2019 as its occupancy and average room rate increased.
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US developer-investor Tishman Speyer has acquired a residential development in Vienna for German insurer Versicherungskammer Bayern.
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Take-up in Hamburg's office letting market remained strong in the first quarter of 2019 thanks to a booming labour market and strong economy, according to Colliers International.
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London-based real estate investment and asset management firm Neo Capital has made its first purchase in the Netherlands, acquiring an office complex in Rotterdam for €50 mln.
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Warsaw-listed developer LC Corp has sold a portfolio of two office assets in Katowice and Wroclaw for a total of €113 mln.
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Greek real estate investment company Pangaea has acquired a 98% share of the owner of Cyprus's only five-star hotel in a joint venture with Invel Real Estate.
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UK REIT British Land has taken a major step towards rebalancing its portfolio by selling 12 superstores from its joint venture with Sainsbury's for £429 mln (€495 mln).
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German investor-developer Art-Invest has acquired an office property in Munich for a reported outlay of €75 mln.
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Notice to PR firms, internal marketing heads and marketing advisors: PropertyEU will soon publish its unique annual Top100Investors Deals & Dealmakers ranking of companies most active on the buy- and sell-side in Europe.
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AXA Investment Managers - Real Assets (AXA IMRA) has acquired a 75% stake in a newly created property company focusing on affordable housing in France, which owns more than 9,800 residential units in Greater Paris.
