Residential Secure Income (ReSI), which invests in affordable shared ownership, retirement and local authority housing, has entered into a new GBP300 million, ultra long term secured debt facility with the Universities Superannuation Scheme (USS), one of the UK’s largest pension schemes.
PATRIZIA, a partner for global real assets, has held the final close of its flagship discretionary value add fund, TransEuropean VII LP (TEP VII), which has reached its equity hard cap of EUR750 million.
Gresham House, a specialist alternative asset manager, has appointed Andrew Stirling as Head of Treasury Solutions within TradeRisks Limited, a fund management business and specialist provider of debt structuring and advisory services to the housing and social infrastructure sectors that was acquired by Gresham House in March 2020.
AXA Investment Managers - Real Assets (AXA IM - Real Assets)has completed, on behalf of clients, the acquisition of a circa 65,300 sq m core logistics portfolio in the Netherlands for cEUR72 million from Next Level Real Estate, a family-owned Dutch developer.
The final speculatively developed unit at SEGRO Park Bracknell has been successfully let, just weeks after reaching practical completion, during the coronavirus lockdown.
Primonial REIM, on behalf of its fund Primovie, is to acquire a portfolio of 6 greenfield nursing home projects for dependent elderly people in Northern Italy for close to EUR110 million, including rights, from Numeria SGR, an Italian real estate management firm.
Atrato Group, the parent company of Atrato Capital, the investment adviser to Supermarket Income REIT, has made two appointments to support its growth plans.
Daelmans Real Estate has acquired a large residential portfolio from the Achmea Dutch Residential Fund of Syntrus Achmea Real Estate & Finance.
Avonhurst has made two new senior appointments – Carolyn Conner a specialist in international financial restructuring who spent over 20 years at magic circle firm Allen & Overy, 13 as partner, and experienced private equity specialist Raymond McKeeve, who is currently President and Chief Operating Officer at Cingo Global and Non-Executive Director at financial services company Azura (both roles he will retain).
YardNine has pre-let 40,000 sq ft at EightyFen, the development named after its location at 80 Fenchurch Street in the City of London, to global design, engineering and management consulting organisation, Arcadis. This follows a pre-let of 70,000 sq ft to Convene.