Swedish opportunistic investor Nyfosa is joining forces with Brunswick Real Estate to enter the Finnish property market with a view to building up a SEK 7 bn (€700 mln) portfolio in the country over five years.
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Henley Investments, a private equity real estate firm based in the UK and US, has added Priyan Manatunga to the business as Chief Financial Officer and Chief Operating Officer.
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German fund manager Commerz Real has announced the appointment of a new CEO to replace Gabriele Volz, who is resigning after three months in the role due to a ‘difference of opinions’ on the company’s management and strategy.
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Edmond de Rothschild Real Estate Investment Management (REIM) has completed the acquisition of its second build-to-rent residential development, the £60 mln (€50 mln) Merlin Wharf in the Waterside regeneration area of Leicester, UK.
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Spanish independent real estate fund manager IBA Capital is understood to have signed the acquisition of the Glòries office complex in Barcelona’s 22@district from US asset management giant Blackstone for a price of around €120 mln.
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Union Investment has made its first residential investment in Ireland with the acquisition of the 8th Lock residential project in Dublin from British and Irish developer Ballymore.
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US investor Colony Capital has confirmed the sale of its 74% controlling interest in two high-quality office properties located in Dublin’s city center for a total of $351 mln (€292 mln) to Blackstone Property Partners Europe Holdings.
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Major residential landlords including the city’s largest landlords Vonovia and Deutsche Wohnen welcomed Thursday’s ruling by the German Federal Court on the unconstitutionality of the so-called Berlin rent cap (Mietendeckel) a year after its introduction in the German capital city.
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NewRiver is considering a potential initial public offering (IPO) of Hawthorn, its pub property business.
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LaSalle Investment Management announced on Thursday that Michael Zerda will be rejoining the firm to head up its debt & special situations platform and value-add equity strategies, spearheading higher return investment initiatives.
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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.
