Industry News

Evonite, the London-based and independently owned European value-add real estate partnership, has announced the appointment of established real estate professionals Robert Gilchrist and Vanessa Sloan as non-executive directors. Robert will become Non-Executive Chairman of the partnership. Source: press release sent 13 January 2025

AXA IM Alts has acquired a fully-let 63,000sqm logistics campus in Germany from ECE Work & Live for an unspecified amount. The logistics campus, developed in 2023, is located in Möckmühl, close to Heilbronn in Baden-Württemberg, Southern Germany. The logistics centre comprises a warehouse and office space across two buildings, AXA IM Alts said. Source: IPE Real Assets on 16 Jan 2025

DWS has acquired German onshore wind farm Ostbevern on behalf of one of its European infrastructure investment strategies. The Ostbevern wind farm, located in North Rhine-Westphalia, has three turbines with a total capacity of 12.6MW. Ostbevern is connected to the local regional grid via a public substation and supplies private households as well as commercial customers. DWS is acquiring the Ostbevern wind farm from integrated energy supplier GP Joule, which will continue to manage the wind farm to ensure optimal...

Hamburg, 16 January 2025 – HIH Invest Real Estate GmbH (“HIH Invest”) just sold a hotel located at Bahnhofstrasse 2-4 in the town of Aschheim to an investment fund run by the French fund investment manager Atream. The property, which is close to the Munich exhibition grounds in the east end of the city, is let to AccorInvest Germany and is operated as an “ibis budget” hotel format. The total lettable area of 3,912 square metres breaks down into 3,642...

The CapMan Nordic Real Estate III fund (“CMNRE III”) has signed an agreement with Mitsubishi Logisnext Europe AB to acquire a brownfield logistic development project situated in the Gothenburg region which is the highest ranked logistics hub in the Nordics. The plan is to demolish the current outdated industrial buildings and, in their place, construct an EU taxonomy aligned modern logistics facility. This new facility will provide high-quality logistics spaces suitable for multiple tenants, thereby bolstering CapMan Real Estate's footprint...