Results from the latest INREV Pan-European Quarterly Asset Level Index reveal healthy performance by European non-listed real estate, with total returns reaching 1.35 per cent in Q1 2021.
Deals & Transactions
Cain International and White Star Real Estate complete office lettings and residential sales at Fabryka PZO
Cain International’s European Real Estate Opportunity Fund I, and its local development partner, White Star Real Estate, have successfully completed the sale of all residential units and leased all commercial space at Fabryka PZO, their 21,500 sq m mixed-use scheme in Warsaw’s Praga district on the site of the former Polskie Zakłady Optyki factory.
Arrow Capital Partners, an investor and operator of real estate in Europe and Asia-Pacific, has acquired two new assets in Nieuw-Vennep in the Randstad region in the Netherlands for its EUR3 billion Strategic Industrial Real Estate (SIRE) platform.
Actis, a global investor in sustainable infrastructure, has strengthened its internet data centre (IDC) capabilities through an exclusive partnership with industry experts, ADIK, a specialised data centre advisor and operator in Korea.
Allianz Real Estate, acting on behalf of several Allianz Group companies, has acquired, in an off-market transaction, its first Private Rented Sector (PRS) portfolio in Spain.
London multi-let industrial property had a total return of 20.5 per cent in the 12 months to end-April 2021, with UK-wide distribution warehouses returning over 18 per cent, according to Gerald Eve’s latest In Brief bulletin.
Federated Hermes and Canada Pension Plan Investment Board (CPP Investments) have secured a loan facility on Wellington Place, their jointly owned business park in Leeds city centre.
Savills has advised AMF Fastigheter on the sale of an office building at Fröfjärden 3 in Hallonbergen, Sweden, to Aquaticus, a company established by Arctic Securities.
Tritax EuroBox, which invests in a high-quality portfolio of very large, prime logistics real estate assets strategically located in Continental Europe, has commenced works on the 93,931 sq m extension to its global distribution centre asset at Lliçà d'Amunt, Barcelona let to Punto Fa SL, trading as Mango, one of the world's leading fashion retailers.
Invesco Real Estate, a global real estate investment manager, and Jera Asset Management (Jera), a US real estate investment firm focused on properties that are net-leased to quality credit tenants, have formed a strategic joint venture, Mercury Trust, to take advantage of the strong industrial markets.