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Sophie van Oosterom to head global real estate at CPP Investments

Sophie van Oosterom is to leave Schroders to head global real estate investments at Canada Pension Plan Investment Board (CPP Investments). Van Oosterom, who has been global head of real estate at Schroders since 2021, will be replaced by head of UK real estate Nick Montgomery. CPP Investments, a C$646bn (€428bn) Canadian pension fund with C$45.5bn in real estate assets, has been searching for a replacement for a new global head of real estate after the departure of Peter Ballon...

Eurazeo divests 22-hotel portfolio in France

Global investment firm Eurazeo has announced the sale of a 22-hotel portfolio in France by its 70%-owned subsidiary, Grape Hospitality. The portfolio, primarily consisting of economy hotels, was acquired by a consortium of a hotel operator and a real estate investor. This strategic move aligns with Grape Hospitality's plan to focus on higher-end upper midscale and upscale hotel segments across Europe. Grape Hospitality, a leading hotel owner, operator, and investor, now owns and operates 63 hotels and manages 22 with...

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Nrep acquires major Stockholm hotel

Nordic real estate investor Nrep has acquired Clarion Hotel Stockholm, one of the largest hotels in Sweden's capital city, from Aspelin-Ramm Fastigheter. The deal, completed through the €3.65 billion value-add fund, Nrep NSF V, gives Nrep access to more than 1,000 hotel rooms in central Stockholm. The acquisition strengthens Nrep's partnership with the hotel chain Strawberry, the Nordic region's second-largest hotel operator, which has a long-term lease on the entire property. Clarion Hotel Stockholm boasts 532 rooms spread across 23,700...

Hines appoints new country head for the Netherlands

Hines , the global real estate investor, developer and manager has today announced the appointment of Jan Hein Tiedema as senior managing director and country head for The Netherlands. Tiedema is an experienced real estate executive with a deep knowledge of the Dutch market. Beginning his career at Jones Lang Lasalle where he worked at the agency team in Amsterdam, he then spent 15 years with real estate developer Edge. Lars Huber, CEO of Hines Europe said: 'I am delighted...

M7 and Centerbridge launch €250 million European industrial outdoor storage JV

M7 Real Estate (M7), the pan-European investor and asset manager, and Centerbridge Partners (Centerbridge), the global alternative investment manager, have launched a €250 million joint venture targeting the Industrial Outdoor Storage (IOS) sector in Continental Europe. IOS assets provide occupiers from a range of industries, such as logistics, manufacturing, and construction, with space for the storage of goods, vehicles, building materials, containers and/or equipment. The JV will target IOS assets in urban areas with high industrial and logistics activity, strong...

Peter Flanagan, Managing Director of BNP Paribas Real Estate Ireland

Peter Flanagan, 48, who specialises in Real Estate Investment, providing sale, acquisition and asset management advice across all Property sectors has been appointed Managing Director of the Irish entity of BNP Paribas Real Estate . Already Head of the Capital Markets division, Peter will expand his scope to encompass the management of the Irish entity. Prior to his appointment at BNP Paribas Real Estate, Peter held the position of Director in the Knight Frank Capital Markets team. Previous to that...