Tag Archives: Real estate

EQT Real Estate acquires a five-building logistics portfolio across three locations in Southern France

Picture

  • Acquisition of five logistics assets totaling approximately 148,000 square meters
  • Let to nine tenants, this highly reversionary portfolio has a weighted average remaining lease term to break of less than two years
  • With this transaction, EQT Real Estate will meaningfully increase its exposure to the core Southeast and Southwest France logistics markets

EQT Real Estate is pleased to announce that EQT Exeter Logistics Value Fund IV has acquired a best-in-class logistics portfolio of five warehouses.

The portfolio of big-box assets totals approximately 148,000 square meters and are located in the key Southern France submarkets of Avignon and Toulouse. The warehouses’ respective locations offer proximate access to core population centres via key motorways, including the A20 and the A7 which provide connectivity to Marseille and Lyon.

The properties feature Grade A technical specifications, including eaves heights averaging over ten meters, as well as ample loading and maneuvering features. The portfolio benefits from a strong, global diversified tenant base and is well-suited to meet the growing needs of today’s modern logistics users.

This acquisition strengthens EQT Real Estate’s exposure to core Southern France submarkets, which are structurally undersupplied and continue to experience resilient demand. These are highly desirable occupier markets benefiting from the excellent connectivity which supports supply chains along the Atlantic and Mediterranean coasts.

John Toukatly, Partner, Chief Investment Officer, European Logistics at EQT Real Estate, said: “We are excited to add these top-tier logistics properties to our portfolio. Situated in supply-constrained markets, these assets are highly attractive to a wide range of major big-box tenants and are well aligned with EQT Real Estate’s strategy of acquiring modern, high-potential logistics properties in underserved areas across Europe. With our operational and asset management capabilities, we intend to further enhance the value of this high-quality portfolio.”

EQT Real Estate was advised by PwC (financial and tax), Gide and GMH Notaires (legal and notarial), CBRE (commercial), Tauw (environmental), AMF (ICPE and PM) and Gleeds (technical and ESG).

Contact
EQT Press Office, press@eqtpartners.com

Downloads

About EQT Real Estate
EQT is a purpose-driven global investment organization with EUR 273 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2025, divided into two business segments: Private Capital and Real Assets. EQT supports its global portfolio companies and assets in achieving sustainable growth, operational excellence, and market leadership. Within EQT’s Real Assets segment, EQT Real Estate acquires, develops, leases, and manages logistics and residential properties in the Americas, Europe, and Asia. EQT Real Estate owns and operates over 2,500 properties and 540 million square feet, with over 440 experienced professionals across 50 locations globally.

More info: www.eqtgroup.com
Follow EQT Real Estate on LinkedIn

Categories: News

Tags:

KKR Invests in 544-Bed Student Housing Development near University of Warwick, UK

KKR

High-quality PBSA scheme is currently being delivered by Gilltown and Winvic for academic year 2027/28

London, 16 May 2025 – KKR, a leading global investment firm, and Inhabeo, KKR Real Estate’s living sector platform in Europe, today announced an agreement to forward fund a purpose-built student accommodation (PBSA) asset near the University of Warwick. The scheme, under development by leading British PBSA specialist Gilltown and general contractor Winvic, is scheduled to complete in the summer of 2027, before the start of the academic year. 

The new scheme will deliver accommodation for 544 students, including a mix of four-to-six bed cluster flats and studios, and aims to achieve top sustainability credentials. Located alongside other student accommodation in close proximity to the University of Warwick – a top 10 UK university, top 3 UK business school and member of the prestigious Russell Group – the scheme will help meet the growing demand for new private student accommodation in the area. The development features attractive indoor and outdoor common spaces, as well as commercial space in a convenient location for students and the local community. 

Seb d’Avanzo, Managing Director and Head of Real Estate Acquisitions for KKR in Europe, said: “We’re pleased to grow our student housing portfolio with Inhabeo by investing in this strategically located development scheme which is transforming a vacant office space into a vibrant student community to address the University of Warwick’s need for more residential accommodation. This investment underscores the strength of our conviction in providing highquality living spaces in undersupplied markets that enjoy resilient demand from top universities.” 

James Gillespie, Development Director at Gilltown, said: “Collaborating with KKR and Inhabeo on this latest exciting project is an important step for Gilltown and we’re very pleased to be working alongside Winvic Construction to deliver it.” 

Ross Netherway, CEO of Inhabeo, added: “We’re delighted to add to our European living sector investments alongside KKR through this off-market transaction. Gilltown and Winvic have proven track records and we look forward to delivering this development with them.” 

The development will add to KKR’s expanding portfolio of PBSA assets in the UK and follows the completion of an 819-bed PBSA scheme in Bristol last year. KKR and Inhabeo have also made investments in the broader UK residential market, most recently through the acquisition of The Slate Yard, a portfolio of three Build-to-Rent (BtR) multi-family buildings in Manchester. KKR’s residential footprint spans the UK, Continental Europe and the Nordics. 

KKR is making the investment primarily through its value-add and opportunistic European real estate strategy. BCLP served as legal advisor to KKR and Inhabeo. Gunnercooke and Shoosmiths acted as legal advisors to Gilltown and Longstreet served as its funding advisor. 

About KKR 

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com. www.globalatlantic.com. 

 

About Inhabeo 

Inhabeo is a specialist living sector platform founded in 2023. Inhabeo works in partnership with KKR across Europe with a focus on Build-to-Rent and Purpose-Built Student Accommodation for both core-plus and value-add strategies. For additional information about Inhabeo, please visit www.inhabeo.com. 

Media Contacts
KKR Alastair Elwen / Oli Sherwood
FGS Global
+44 20 7251 3801
KKR-LON@fgsglobal.com
 

 

Download PDF

Categories: News

Tags:

Algoma raises $2.3M Seed for its AI-native real estate development platform

SOSV

We’re thrilled to announce that Algoma, a participant in our HAX startup development program has secured a $2.3M Seed round led by Zacua Ventures, with participation from SOSV, Iron Prairie Ventures, DOMiNO Ventures, Compose VC and a network of angel investors across AI, construction, and real estate.

Real estate is the world’s largest asset class, globally valued at over $600 trillion, yet much of it still runs on manual labor and outdated processes. The pain is most acute during pre-construction, where developers must navigate high-stakes decisions with fragmented information and little transparency.

Algoma’s AI-native real estate development platform helps developers turn an address into a deal, accelerating confident decision-making abilities by delivering site feasibility in minutes and at the fraction of the cost as traditional methods.

The Algoma platform includes:

  • Instant zoning analysis
  • Market intelligence
  • Site-specific design massing
  • Unit mix and layouts
  • Pro-forma generation
  • Visualization for investors and agencies

Algoma’s founding team blends deep domain expertise across real estate, AI, and strategy:

  • Josef Bromovsky, CEO, has spent his career building technology at some of the world’s largest construction and infrastructure firms, focusing on digitizing early-stage planning and design.
  • Kyle MertensMeyer, Chief Product Officer, is an award-winning design architect and AEC Entrepreneur whose design work spans five continents, focusing on materiality and sustainable systems.
  • Seyfihan Usarer, COO, is a former McKinsey consultant and member of TikTok’s Monetization Strategy Team, with a background in leading digital transformations and scaling digital platforms.

Kira Colburn

See their press release here and more in Tech Funding News.

READ COMPLETE ARTICLE

Categories: News

Tags:

CapMan Special Situations invests in assisted residential care

Capman

CapMan Special Situations invests in assisted residential care

The CapMan Special Situations I -fund invests in two providers of assisted residential care for the elderly, Nonna Group Oy and Aurahovi Oy, with the aim of building a leading nationwide operator in the sector.

Both companies offer tailored housing and care services to meet the diverse needs of the elderly. Nonna Group, founded in 2020, operates five units located in Rovaniemi, Oulu, Turku and Kuopio, with estimated revenue of approximately €5 million in 2024. Aurahovi, established in 2017, runs four units in Lieto, Huittinen, Uusikaupunki and Helsinki, with 2024 revenue of around €4 million.

By combining the two companies, CapMan Special Situations is forming one of Finland’s leading operators in the residential care sector, with a nationwide network of nine housing units and around 500 apartments.

“Assisted residential care addresses the growing need to provide seniors with meaningful daily life and tailored support. By bringing together two strong companies, we are laying the foundation for a nationwide operator with excellent potential for growth and societal impact. We look forward to working with the new management to drive the next phase of development and growth,” says Karri Keistinen, Investment Manager at CapMan Special Situations.

“Assisted residential care is a new service model that has gained strong support in regional welfare strategies. It is designed for seniors whose needs are not fully met by home care but who do not yet require round-the-clock support. Both companies have great potential, an excellent workforce and satisfied customers, providing a solid foundation for future success”, comments Jere Pessala, new CEO of Nonna Group and Aurahovi.

Investments in Aurahovi Oy and Nonna Group Oy constitute the seventh investment for the CapMan Special Situations I fund.

For more information, please contact:

Karri Keistinen, Investment Manager, CapMan Special Situations, +358 40 735 6593

Jere Pessala, CEO, Nonna Group & Aurahovi, +358 40 538 3834

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €6.4 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

Categories: News

Tags:

Ardian and Rockfield strengthen PBSA Strategy with new investment in Milan

Ardian

Ardian, a world-leading private investment house, and Rockfield Real Estate, a vertically integrated living platform, consolidate their position in the student living sector with a new investment in Milan as part of their pan-European strategy dedicated to Purpose-Built Student Accommodation (PBSA). They have signed a preliminary purchase agreement to acquire shares in a corporate vehicle backed by Blue Noble, an international real estate investment manager, and Hines, a global firm specialized in real estate investment, development, and management.

This transaction concerns aparto Milan Durando, a complex located on Via Giovanni Durando, in the Bovisa district, just a short walk from the Politecnico di Milano campus. It marks the fifth deal closed by Ardian and Rockfield in just six months since the launch of their European PBSA strategy. With four more deals in advanced stages across France, Spain, and the Netherlands set to be completed within the next two months, the European platform will have a total of 5,000 beds available.

The property consists of two buildings with approximately 610 beds. The first building, operational from January 2025, has already achieved nearly 100% occupancy, while the second one will be completed by September of this year. The entire complex, managed by aparto – Hines’ management platform for purpose-built student accomodation – offers a high-quality, sustainable living experience tailored to the needs of students, demonstrating how careful and innovative management can significantly contribute to the long-term value and attractiveness of the asset. The asset offers a rich program of activities and services designed to empower young talent communities and foster their connection with the city’s urban and social fabric.

Accommodation options include studio apartments with private kitchens and bathrooms, single rooms with private bathrooms in shared apartments, and double rooms with shared kitchens and bathrooms. In addition, the complex features numerous common areas, such as a lounge, cinema room, gym, yoga room, study areas, laundry facilities, and reception, all designed to encourage socialization and wellness.

Around 40% of the housing units are regulated and offer subsidized rents to address the growing demand for more affordable accommodation.

The student residence aims to achieve LEED Gold certification and features an EPC A energy class, reinforcing Ardian and Rockfield’s commitment to environmental and social sustainability and energy efficiency.

The property is strategically located and well connected to the center of Milan and is served by the Milano Bovisa FS railway station. The area will be further enhanced by the future North Interquartier Metrotramway, with completion expected by 2026.

Bovisa district is emerging as a rapidly growing area, thanks to the Politecnico di Milano campus, the Bovisa Technology Park, numerous start-ups, green spaces, and a growing network of services, making it one of the most dynamic hubs for the student community.

“This investment represents a strategic step in our long-term European vision dedicated to Purpose-Built Student Accommodation, a rapidly growing sector that is increasingly central to urban transformation. With this acquisition in Milan, we complete our fifth investment in facilities located in international university cities, with the aim of offering modern, sustainable, and high-quality housing solutions designed to meet the needs of new generations. For us, investing in student housing means contributing to the development of more inclusive, innovative, and green cities, by providing students with spaces that are not only functional but also stimulating and environmentally conscious”. Rodolfo Petrosino, Head of Real Estate Southern Europe and Senior Managing Director, Ardian

“Milan continues to establish itself as one of the leading university hubs in Europe, with over 200,000 students enrolled in the 2023/2024 academic year, including a growing share of non-resident and international students. Despite the growing number of students, Milan is one of the European cities with the lowest supply of available housing. This structural gap makes Milan one of the cities with the greatest investment opportunities. Our new investment, located in the heart of the Bovisa district facing the Politecnico university campus, directly addresses this need by offering approximately 610 beds in a modern facility that is seamlessly integrated into the urban fabric. The first building, already operational since January 2025, has reached nearly 100% occupancy within the first few months, confirming the strong market interest. This development not only enhances a fast-growing area but also helps strengthen Milan’s strategic role on the European student housing map”. Matteo Minardi, Head of Real Estate Italy and Managing Director, Ardian

“Ardian and Rockfield’s strategy is to create a diversified portfolio of high-quality assets, across continental Europe. The demand for student housing in Milan is in high demand and short supply driven by a growing student population. This acquisition perfectly fits our strategy of targeting acquisitions and forward-funding opportunities of best-in-class PBSA schemes. This acquisition underlines our clear ambition to become a leading player in the in the PBSA sector across Italy and southern Europe”. Juan Manuel Acosta, CIO Rockfield Real Estate

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $177bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT ROCKFIELD REAL ESTATE

Rockfield was established in 2014 with a clear mission to create high quality and sustainable housing solutions for students, young professionals and families in urban areas. Our founders recognized the growing demand for affordable housing in major cities, coupled with an increasing need for innovative living concepts that not only provide a place to live but also enable residents to grow and thrive within a community.
With this vision in mind, Rockfield started a journey to build a fully integrated real estate company. From the start, we chose to keep all aspects of real estate management in-house, from project development and acquisition to investment and property management. This approach has allowed us to offer tailored solutions that meet needs of both investors and tenants.
Since our inception, we have experienced impressive growth and evolved into a leading investment manager with a portfolio of over €2 billion in assets under management and around 8,000 housing units across various European cities.

rockfield.nl

Media Contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

ROCKFIELD REAL ESTATE

Sander van Essen

Sander.van.essen@rockfield.nl

Categories: News

Tags:

Bain Capital and Oliver Street Capital Acquire 11-Property Infill Industrial Portfolio in Northern New Jersey

BainCapital

BOSTON – May 08, 2025 – Bain Capital and Oliver Street Capital (“OSC”) announced the acquisition of an industrial portfolio primarily located in the Northern New Jersey market for $208 million. The private, off-market transaction was completed via a joint venture between Bain Capital’s Real Estate team and OSC that focuses on acquiring high-quality, infill industrial properties in select, supply-constrained markets.

The value-add portfolio consists of 11 Class B warehouses spread across top infill submarkets in Northern New Jersey and represents a combined 784,000 square feet. The light industrial properties feature desirable warehouse suite sizes averaging 23,000 square feet. The portfolio is currently 88% leased to a mix of local and national tenants.

“This is a compelling opportunity to meaningfully scale and diversify our infill industrial portfolio in the Northern New Jersey market, one of the country’s most supply-constrained and strategically important warehouse markets serving the unmatched consumption base of the New York City MSA,” said Ryan Cotton, Head of Bain Capital’s Real Estate team. “This portfolio is tailor-made for our thematic infill strategy, with the majority of properties concentrated in our highest conviction submarkets. As demand continues to shift toward smaller-format facilities, we continue to see significant opportunities to partner with OSC to invest in these infill industrial assets in high demand by a diverse tenant base.”

This portfolio transaction represents Bain Capital and OSC’s fifth acquisition in Northern New Jersey since the firms expanded their joint venture to the region in late 2023, and positions the joint venture as one of the leading infill industrial buyers of scale in the New York City MSA.

“This transaction marks a watershed moment in our platform’s expansion into the Northern New Jersey Market, raising our presence to 15 assets within two years,” said Jon Hyde, Managing Principal of OSC. “We continue to have high conviction in the Northern New Jersey industrial market.”

“We’re building a truly unique multi-market portfolio of functional and irreplicable warehouses in highly infill locations, which is a testament to our relationships and the great local networks that help us source, lease, and manage the assets,” added Jon O’Donnell, Managing Principal of OSC.

Since launching their joint venture in 2019, Bain Capital and OSC have acquired 62 assets totaling over 6 million square feet in more than 45 separate transactions. With over $1.5 billion of capital deployed to date, the partnership remains focused on expanding its best-in-class portfolio in the New York/New Jersey region, Boston, and Washington, D.C.

About Bain Capital Real Estate

Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $9 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $185 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com.

About Oliver Street Capital

Founded in 2014, Oliver Street Capital is a Boston-based real estate investment manager focused on acquiring, financing, and managing high-quality industrial real estate assets in supply-constrained markets. Its principals have more than four decades of combined experience. The Oliver Street team currently owns and operates infill industrial properties in Boston, New Jersey, Northern Virginia, and Maryland. To find out more, visit www.oliverst.com

Categories: News

Tags:

Bain Capital and Botanic Properties Acquire Greater Boston Property for Biomanufacturing Conversion

BainCapital

The firms’ GenesisM platform, which is dedicated to developing purpose-built biomanufacturing facilities, will redevelop 45 Crosby Drive in Bedford, MA

BOSTON and NEW YORK  –  May 7, 2025 – Bain Capital’s Real Estate team (“Bain Capital”) and Botanic Properties (“Botanic”), a real estate investment and development firm focused on addressing the unique needs of the biomanufacturing industry, today announced the acquisition of 45 Crosby Drive in Bedford, Massachusetts.  The investment is being made by GenesisM, a specialized real estate platform dedicated to developing purpose-built biomanufacturing facilities.  Financial terms of the purchase were not disclosed.

Bain Capital and Botanic formed GenesisM to offer life science tenants a best-in-class real estate solution for their clinical and commercial manufacturing needs.  GenesisM’s Enhanced Core design delivers a robust initial build-out that reduces tenant fit out time and construction costs.  The design allows companies to better align their manufacturing spend and scale with product maturity while shortening the lead time for facility delivery.

The redevelopment of 45 Crosby Drive will transform the property into an approximately 154,000-square-foot, state-of-the-art Class A biomanufacturing facility designed to meet the specialized needs of leading biotech companies.  The facility will feature industry leading specifications including 12,000 amps of incoming electrical power, 27-foot ceiling heights, up to 18 loading berths, 40’x 40’ column spacing, and a strategic delivery that will allow multiple tenants to operate highly regulated independent facilities.  The property is situated on a prominent 15-acre site along the Route 3 corridor, which is home to a cluster of life science, manufacturing, and technology companies; providing convenient access for a regional workforce and to the heart of Kendall Square, one of the world’s leading biotech hubs.

“We developed the strategy for GenesisM to support biomanufacturing tenants struggling with high capital costs, long construction timelines and lack of access to purpose built biomanufacturing space at the right scale for their needs,” said Joe Marconi, Partner at Bain Capital.  “This is an exciting and meaningful opportunity to leverage our deep experience in life science real estate to deliver purpose-built facilities designed with a true understanding of the needs of the end users, while addressing the primary pain points for tenants in today’s market – capital efficiency and speed to market.  We look forward to the continued growth of GenesisM with our partner Botanic Properties as we work closely to position 45 Crosby Drive as a premier destination for biopharmaceutical companies seeking modern, efficient, and flexible manufacturing space.”

Bain Capital’s Real Estate team has invested in over 7 million square feet of life science real estate since 2013 and currently owns and operates a portfolio of over 5 million square feet in key strategic U.S. life science markets.

“Botanic is fortunate and proud to have found a partner in Bain Capital that truly understands the real estate needs of the life science industry,” said Joshua Zinns, Managing Principal of Botanic Properties.  “Their commitment to the industry and market insights derived from across the firm’s healthcare platform give us the ability to design and deliver world class biomanufacturing assets and to take a long term, strategic approach to delivering solutions for our tenants.”

###

About GenesisM
GenesisM is a life science cGMP biomanufacturing brand that leverages the deep experience and global breadth of its owners to provide flexible, scalable solutions for growth stage biotech, CDMO and pharmaceutical companies, allowing end users to better align their biomanufacturing spend with drug maturity. GenesisM builds upon Bain Capital’s existing life science R&D real estate strategy (Genesis) and decades of leading experience in the Healthcare and Life Science industries, combined with Botanic Properties’ pioneering Enhanced Core design for cGMP biomanufacturing. GenesisM is focused on delivering best-in-class facilities that streamline operations with a cost-effective, infrastructure-ready approach, with the aim of adding efficiency and supporting expedited tenant growth and speed to market.

About Bain Capital Real Estate
Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed over $9 billion of equity across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate’s strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm’s global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. Bain Capital is one of the world’s leading private investment firms with approximately $185 billion of assets under management. For more information, visit https://www.baincapitalrealestate.com/.

About Botanic Properties 
Botanic Properties was founded in 2016 as a New York-based real estate investment and development firm focused on addressing the unique needs of the life science industry. Botanic has current operations in New York, Philadelphia and Boston. The Company’s methodology for deal sourcing, underwriting and project execution is rooted in a multidisciplinary approach that prioritizes bottom-up market analysis, the technical study of tenants’ MEP and programmatic requirements and continuous improvement of design solutions for industry-driven planning and space needs.

Botanic has developed an entirely differentiated approach to delivering cGMP biomanufacturing space that focuses on addressing tenant pain points, including speed to market, security, confidentiality, flexibility and affordability.

In 2023, Botanic Properties and Bain Capital Real formed GenesisM, a new real estate operating platform with a mission to invest in, deliver and manage purpose-built biomanufacturing real estate. GenesisM’s initial focus has been in the Greater Boston market, given the City’s mature R&D market and substantial unmet need for clinical and commercial stage biomanufacturing space.

Categories: News

Tags:

Ardian and Rockfield Seal Record Largest Dutch Student Housing Deal in Amsterdam

Ardian

Ardian and Rockfield have acquired the 596-bed Minervahaven student housing building in Amsterdam’s Houthavens district, in what is one of the largest single asset Purpose-Built Student Accommodation (PBSA) deals in the Netherlands on record.

The Amsterdam transaction is the fourth investment by their pan-European strategy dedicated to Purpose-Built Student Accommodation since launch in October after earlier acquisitions of student residences in Florence, Bologna and Barcelona and takes its total investments in the last six months to over €300 million.

Minervahaven has been recognised as ‘The Most Sustainable PBSA Asset in Europe’ by student housing industry association The Class Foundation and has a BREEAM ‘Excellent-in-use’ sustainability certification.

Ardian, a world-leading private investment house, and Rockfield Real Estate, a vertically integrated living platform, have acquired the 596-bed Minervahaven student housing building in Amsterdam’s Houthavens district, as part of their pan-European strategy dedicated to Purpose-Built Student Accommodation (PBSA). The deal is one of the largest single PBSA transactions in the Netherlands on record in terms of gross asset value (GAV).

Minervahaven is the fourth investment by the pan-European student accommodation strategy in just six months from launch – after earlier acquisitions in Florence, Bologna and Barcelona – which takes total capital deployed so far to over €300 million GAV. CBRE Investment Management’s Indirect Strategies provided an initial €500 million equity commitment to the strategy. The strong momentum in fundraising continues, with an expected additional €300 million of commitments closing in Q2 2025 and a target to reach a total of €1 billion for the PBSA strategy by the end of 2025.

Minervahaven was purchased from the Rinkelberg Capital family office and has been developed and managed by Student Experience since 2020, who will continue to operate the property.

Minervahaven is strategically located near universities and the centre of Amsterdam in the Houthavens district of the city on the river IJ, to the west of its central station. The 26,060 sqm gross floor area (GFA) student accommodation has 596 fully furnished modern studios, each with a private kitchen and bathroom, alongside 300 sqm off office space and a rich variety of communal space and amenities that include a gym, cinema, co-working spaces, a rooftop terrace and green courtyard.

The property has excellent connections to the rest of the city including the nearby 17th Century central canal district, which is a UNESCO world heritage historic site, and has easy access by ferry to the upcoming trendy district of Amsterdam North. It has also been recognised as ‘The Most Sustainable PBSA Asset in Europe’ by student housing industry association: The Class Foundation and has a BREEAM ‘Excellent-in-use’ sustainability certification.

Ardian and Rockfield’s strategy is to create a diversified portfolio of high-quality assets, focusing on European markets (especially Germany, the Netherlands, Italy, Iberia and France) where student housing is in high demand and short supply in leading education hubs, characterized by a strong concentration of universities, a growing student population, and limited existing PBSA provision.

Target acquisitions are predominantly income-producing properties, but also selective forward purchase and forward-funding opportunities, capturing value through the development of new high quality student residences.

With a core+ focus, the strategy aims to create value by enhancing the operational performance of its assets, as well as their potential to contribute to the global effort of reducing GHG emissions in line with the Paris Agreement.

“This acquisition underlines our clear ambition to significantly expand Ardian’s presence in the PBSA sector across Northern Europe. With a particular focus on the Netherlands and the high potential German market, we see a tremendous opportunity to grow our portfolio with sustainable, high-quality assets that meet the evolving needs of students and cities alike. Leveraging our long-term capital and operational expertise as well as a significant project pipeline, we are committed to becoming a key player in shaping the future of student living in the dynamic European market.” Bernd Haggenmüller, Senior Managing Director Real Estate, Ardian

“Minervahaven is the ‘jewel in the crown’ of our strategy. The property’s strong sustainability credentials and the high quality of the living space exemplify the type of asset we are looking for to make this evergreen platform the leading one across Europe, as well as being a testament to the development and asset management skills of Student Experience. The strong demand for student housing in the Netherlands, which is not close to being met by sufficient supply, can be seen by the speed at which all the rooms at Minervahaven were rented out – within two days of becoming available online at the start of the 2024/25 academic year.” Wouter Van Den Eijnden, CEO, Rockfield

Rockfield and Ardian were assisted by Savills as commercial advisor, MC2 as technical advisor, Van Doorne and Linklaters as legal advisor, and PwC as tax advisor. Rinkelberg Capital and Student Experience were assisted by Van Lanschot Kempen as financial advisor and Loyens & Loeff as legal advisor.

Categories: News

Tags:

Blackstone launches PROXITY, a new pan-European logistics platform

Blackstone

LONDON, UK and FRANKFURT, GERMANY – 29 April 2025 – Blackstone (NYSE: BX) has today announced the launch of Proxity, a new pan-European logistics operator and developer.

The newly created platform will deliver high-quality, flexible warehousing solutions to a diverse customer base in Europe’s most vibrant metropolitan regions.

Proxity will initially comprise a portfolio of approximately 500 properties and development projects, totaling more than seven million square meters of lettable area, which are owned by real estate funds managed by Blackstone.

Headquartered in Frankfurt and led by Guido Piñol, Chief Executive Officer, the company will operate across key markets in Continental Europe, the Nordics and Ireland, with plans to expand the portfolio in both existing and new markets as it scales further.

Also joining the newly formed leadership team is Jonas Kriebel, CFO. Both Mr. Piñol and Mr. Kriebel have been managing Office First, a leading German real estate investor and manager, and have an exceptional track record leading real estate businesses across Europe, having worked alongside Blackstone Real Estate for over a decade.

Finally, Yvo Postleb, former Country Head Germany at Cushman & Wakefield, will complete Proxity’s senior management team and serve as the company’s COO.

The company is expected to be fully operational by 2026, with recruitment initiatives across Germany and other European markets underway.

James Seppala, Head of Real Estate Europe at Blackstone, said: “Logistics is one of our highest conviction themes globally, with the sector continuing to benefit from highly favourable long-term fundamentals. The creation of Proxity is further testament to Blackstone’s conviction and our funds’ ability to deploy capital in fragmented markets to build a scalable logistics platform able to capitalize on growing and evolving customer demand.”

Guido Piñol, CEO of PROXITY, added: “As global e-commerce and supply chain trends continue to drive occupier demand, we are excited by the opportunity to establish a truly pan-European platform which provides tailored warehousing solutions to its customers. With Blackstone’s support, we are well placed to deploy capital and deliver growth, including through our ambitious development pipeline.”
 
About Blackstone Real Estate 
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has US $320 billion of investor capital under management. Blackstone is the largest owner of commercial real estate globally, owning and operating assets across every major geography and sector, including logistics, data centers, residential, office and hospitality. Our opportunistic funds seek to acquire undermanaged, well-located assets across the world. Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT). Blackstone Real Estate also operates one of the leading global real estate debt businesses, providing comprehensive financing solutions across the capital structure and risk spectrum, including management of Blackstone Mortgage Trust (NYSE: BXMT).

Media Contact
Matt Thomas
Matthew.Thomas@blackstone.com
+44 7350 445003

Categories: News

Tags:

Ardian and Reneo establish strategic operating partnership for sustainable residential investments – first transaction in Frankfurt signed

Ardian

Ardian, a world-leading private investment house, and Hamburg-based technology and asset management platform Reneo have established a strategic operating partnership for residential real estate investments. This is the first investment of Ardian in the German residential real estate market, relying on Reneo as the leading operating partner with strong decarbonisation and digitalisation expertise. In the first phase, the partners plan to invest around €100 million in develop-to-green projects in Germany by the end of 2026.

This cooperation marks a strategic platform expansion for Reneo. With Ardian as its new institutional partner, the company is beginning to offer its technology and asset management solutions to other investors in a targeted manner – a key step in the qualitative development of its business model. Reneo now has a total of over €700 million in capital available for investments and further growth.

The strategic operating partnership pursues a value-add strategy, focusing on existing properties with high development and ESG potential. Given Ardian’s international presence, it is envisaged to expand the joint investment activities to other European countries in the future.

First Investment in Frankfurt am Main

The first joint investment is a residential asset in Frankfurt-Ginnheim. The approximately 4,000 sqm-property with over 60 residential units will be extensively modernized and upgraded to KfW 55 standard, improving its energy efficiency rating from E to A. An additional increase in floor space is also planned. The property has been acquired from the insolvency estate of a fund managed by d.i.i. Deutsche Invest Immobilien AG.

“In Germany, the tight housing market is keeping demand steady and offering investors attractive opportunities for value creation, especially in existing properties that require modernization. With Reneo, we’ve chosen the operating partner with the strongest track record in residential refurbishment and a high digital presence. The property we’ve just acquired in Frankfurt is a great example of the kind of investments we’re looking for.“ Moritz Pohlmann, Director Real Estate, Ardian

“We continue to diversify our investment activities in the real estate sector. While our initial focus in Germany’s residential segment is on value-add properties, we also see attractive opportunities in the core and core+ segments, which we intend to evaluate and realize together with Reneo.“ Bernd Haggenmüller, Senior Managing Director Real Estate, Ardian

“The partnership with the leading European private equity house Ardian is an important milestone in the further development of Reneo. It underlines our expertise in ESG and digitalisation in the residential sector and at the same time marks the first opening to additional investors. This strategic operating partnership is another important step in building the leading scalable and digital investment platform that combines modern asset management with sustainable real estate development.“ Lennart Börner and Alexander Graubner-Müller, Founder and Co-CEOs, Reneo

Ardian was advised by Clifford Chance on the legal aspects of structuring the strategic operating partnership, while Reneo was advised by Hogan Lovells. The parties have agreed not to disclose financial details of the partnership.

ABOUT ARDIAN

Ardian is a world-leading private investment house, managing or advising $177 billion of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.

At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT RENEO GROUP

Reneo offers a comprehensive solution for the investment and decarbonization process of residential real estate. As a technology and asset management platform, Reneo leverages expertise in AI to enhance the value of residential properties through a programmatic and standardized approach to decarbonization. Reneo serves both private and institutional investors looking to invest in condominiums and multi-family properties. Operating under the brands CONDO and Reneo, the company has a proven track record with over €500 million of transaction volume since 2020.

Reneo was founded by Lennart Börner and Alexander Graubner-Müller, who lead the company as Co-CEOs. Today, the company has more than 100 employees at five locations in Germany, primarily working in software development, investments, renovation, and asset management. Reneo’s shareholders include the venture capital investors Eurazeo, Lakestar and Foundamental, the family businesses Goldbeck and Bauwens as well as renowned business angels such as Stefan Wiskemann and Fabian & Ferry Heilemann, which have invested a total of €45 million equity in the company.

reneo.de

Media Contacts

ARDIAN

CHARLES BARKER

ardian@charlesbarker.deTobias Eberle +49 69 79409024 / Jan P. Sefrin +49 69 79409026

RENEO

JFP Communications

jorge.person@jfp-communications.comJorge F. Person +49 151 21256448

Categories: News

Tags: