Mutual Funds

Savills Investment Management has acquired two new Aldi supermarkets in Spain for its European Food Retail Strategy fund.

AIPUT (Airport Industrial Property Unit Trust) has let the newly completed 'Black Arrow' warehouse at its Blackthorne Point logistics campus which is part of the fund's Poyle Trading Estate development to the west of Heathrow's Terminal 5.

The two properties in Valencia comprise a total of 209 residential units over 20 floors. The first tower has a total lettable area of 11,987 sqm with a total of 100 apartments. The second has 14,574 sqm of total lettable area distributed across a total of 109 apartments. Each tower also has 673 s

Savills Investment Management has completed the acquisition of two forward-funded single family residential sites in the Midlands, both developed by Urban & Civic, for a total of approximately 50 million. Both were off-market transactions.

Savills Investment Management (Savills IM) has acquired a supermarket portfolio comprising four strategically located properties in Portugal for its European food retail strategy.

The seller of the assets was the Swedish listed developer and property company K2A Knaust & Andersson Fastigheter AB, and the deal was sourced off market.

Ana Lai, Senior Director Real Estate, S&P Global Ratings, says the office real estate market in the United States is deteriorating, pressured by longer-term secular headwinds from remote working and near-term cyclical risks from a slowing economy and weaker job growth, and explains recent

Pinnacle Group is transfering a substantial majority of its share capital in UK district heating business Pinnacle Power to independent infrastructure fund manager DIF Capital Partners, with the management team retaining a minority stake under a sale agreement. Pinnacle Power plans to invest

abrdn's Airport Industrial Property Unit Trust (AIPUT) fund has submitted a planning application at its London Heathrow Radius Park campus for an inaugural renovation project to be financed by a 350 million sustainability-linked credit facility from Wells Fargo Bank.

Cushman & Wakefield has advised an Ares Management Real Estate fund over the sale of a 601,103-square-foot multi-tenant industrial building in the Otay Mesa submarket of San Diego, California.

Alex Jeffrey, Global Chief Executive, Savills IM, comments: "The macro environment in 2022 was dominated by global economic and geopolitical developments, with a prevailing risk-off sentiment among investors putting pressure on capital values and occupier performance. Against this backdrop, I am

Savills Investment Management has appointed Evert Castelein as Senior Fund Manager with responsibility for its investment strategy in the European logistics and industrial sectors.

Apex Group has been appointment by Capital Prudential Manager Pty Ltd to support the Capital Prudential Real Estate Master Trust.

In Dijon, an inner-city cross dock facility to serve the last mile was acquired. The property is located in the city's largest commercial area and is very well connected in all directions thanks to its access to three motorways. The seller of the property is a French real estate developer.

abrdn plc's Airport Industrial Property Unit Trust (AIPUT) has secured 350m of new debt financing from Wells Fargo to deliver a transformational investment programme for its prime industrial real estate portfolio in the United Kingdom.