Property Funds World Newsletter

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NEWSLETTER | 21 May 2020

German and Dutch real estate deals take centre stage

There’s a decidedly northern European feel to this week’s newsletter with news of a slew of real estate deals across Germany and the Netherlands.

In Berlin, Hines has begun the letting process for 664 new residential apartments at its first European build-to-rent development, which is located in the city’s up-and-coming Südkreuz district, with the properties due for completion in the autumn. Patrizia meanwhile, has competed the sale of the Ericus-Contor office building in Hamburg, Germany, to Union Investment Real Estate in what is the city’s largest single real estate transaction by value so far this year, while AEW, on behalf of its pan-European value add strategy Europe Value Partners (EVP), has sold a Dresden city-centre office building acquired in a joint-venture with Catella back in December 2018. And in Munich, developer WÖHR + BAUER has signed a 15-year lease with KPMG for 31,000 sq m of space at its OPTINEO development.

Dutch deals meanwhile, include M7’s EUR140 million sale of a portfolio of light industrial and logistics properties on behalf of M7 European Real Estate Investment Partners IV to Canadian real estate investor, Dream Industrial REIT, and Catella Dutch Residential Fund II’s acquisition of an office-to-residential conversion scheme in Zeist.

And finally, Dutch real estate giant Meyer Bergman says it is on track to create a new EUR2 billion investment platform, Crossbay, which will allow institutional investors to tap into surging demand for last-mile distribution centres.

Property Funds World

Hines begins letting process for 664 residential units in Berlin

Thu | 21 May 2020, 13:02

International real estate firm Hines is now letting residential units in the newly developing Berlin city quarter Südkreuz (”Stadtquartier Südkreuz”).

Thu | 21 May 2020, 13:02

PATRIZIA AG has sold Ericus-Contor office building in Hamburg, Germany, to Union Investment Real Estate in the largest single real estate transaction by value in Hamburg this year.

Thu | 21 May 2020, 13:02

Auditing and consultancy firm KPMG AG has signed a 15-year lease for 31,000 sq m of office space in the OPTINEO building currently under construction by Munich-based developer WÖHR + BAUER and the Maltz family office, on the Friedenstrasse in Werksviertel.

Thu | 21 May 2020, 13:02

AEW, a global real estate investment and asset management platform, has completed the second disposal on behalf of Europe Value Partners (EVP), its pan-European value add strategy.

Thu | 21 May 2020, 13:02

M7 Real Estate (M7) has sold a light industrial portfolio in the Netherlands to the Canadian real estate investor, Dream Industrial REIT, on behalf of M7 European Real Estate Investment Partners IV (M7 EREIP IV), for circa EUR140 million.

Thu | 21 May 2020, 13:02

Maastricht-based Catella IM Benelux (CIMB) has acquired a housing development in the Dutch town of Zeist, seven km to the east of Utrecht, on behalf of the Catella Dutch Residential Fund ll, for approximately EUR18 million from Green Living Investments BV.

Thu | 21 May 2020, 13:02

Meyer Bergman is creating a EUR2 billion platform allowing institutional investors to tap into surging demand for last-mile distribution centres, with the launch of Crossbay.