In the spotlight this week.
INREV’s investor intention survey confirms logistics as investors’ asset of choice at the start of 2022. Investors continue to move out of their comfort zones though and are looking more creatively at opportunities. Infrastructure looms large and while Germany’s KGAL takes a stake in a green energy infrastructure supplier, the UK’s Aviva backs a regional broadband provider and British Land invests in a climate technology fund.
Meanwhile, Cale Street is financing a portion of Hines’ MilanoSesto regeneration project in Milan and elsewhere in the city, the iconic San Siro stadium is to be replaced with “the most sustainable stadium in the world”.
Turin too is in the spotlight as a UK private equity firm invests €100 million in two city centre buildings.
In London, in a $1 billion deal, Google has bought the Central St Giles office building from a 50-50 joint venture between Mitsubishi Estate and Legal & General and build-to-rent residential developer Get Living has secured a £365 million loan from Starwood Capital for the second phase of the long-awaited redevelopment of the former Elephant & Castle shopping centre in south London.
In Germany, Adler Group has sold a €1billion portfolio of primarily residential property to US private equity company KKR, making it one of the major players in the country’s resi market.
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