UBS Asset Management (UBS-AM) Real Estate & Private Markets (REPM) has completed the acquisition of an office asset in Paris from AEW. The acquisition has been financed with a loan facility provided by BayernLB (Bayerische Landesbank).
Tristan Capital Partners, a pan-European real estate investment firm, has outlined plans to expand its hotels investment strategy, hiring in specialist expertise with the appointment of Luc Boschmans as Managing Director of hospitality investments across Europe.
Dutch-German investment manager Primevest Capital Partners has acquired two purpose-built multi-storey car parks, a supermarket and commercial unit in Vienna for around EUR20 million for its Primevest European Parking Fund IV. The vendor is the building-owner Rhomberg Bau GmbH, who built the property as general contractor together with Goldbeck Rhomberg.
Legal & General, on behalf of its Build to Rent Fund (BTR Fund) and Access Development Partnership (a joint venture between Legal & General Capital and PGGM), has agreed to the funding of a GBP57 million development site at Tower Works in Leeds City Centre.
Barings has agreed to acquire, in an off-market transaction, a newly built Grade A logistics asset, Sörred Kubiklager, in Gothenburg, Sweden, from multinational construction and development company Skanska, for EUR26 million on behalf of a core investment strategy.
Mitsubishi Estate London, advised by Europa Capital, a pan-European real estate investment manager, has acquired a c7,000 sq m office building in Stockholm’s central business district from AFA Insurance.
Mayfair Capital’s Property Income Trust for Charities (PITCH) has acquired an urban supermarket property in North London for GBP12.7 million, reflecting 3.54 per cent net initial yield.
Aviva Investors, the global asset management business of Aviva has acquired Rotebühlstrasse 121, an office building located in Stuttgart, on behalf of one of its clients.
Paloma Capital and leading real estate developer, Graftongate, have joined forces to acquire a 2.31-acre site in North London from Lifestory.
M7 Real Estate (M7), the pan-European investor and asset manager, has acquired a modern, multi-tenanted office property in Budapest, Hungary on behalf of M7 CEREF II, for EUR12.35 million.