Principal Real Estate Investors has hired John Kropke as managing director of its US and Europe real estate operating company (REOC) line of business.
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.
Supermarket Income REIT has acquired a portfolio of supermarkets via a sale and leaseback transaction with Waitrose & Partners (Waitrose) for GBP74.1 million (excluding acquisition costs), reflecting a net initial yield of 4.4 per cent.
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.