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. The project signals the opening of a new chapter in the fund’s strategy to deliver highly…
Investment Funds
A new 1.8 million-square-foot (MSF) industrial, warehousing and distribution complex is to be developed at Otay Mesa in San Diego, California, by a joint-venture between Elevation Land Company and a real estate fund advised by Crow Holdings Capital. Strategically located in San Diego’s South County adjacent to the U.S.-Mexico international border, the Otay Business Park…
Savills Investment Management has appointed Evert Castelein as Senior Fund Manager with responsibility for its investment strategy in the European logistics and industrial sectors. Castelein assumes responsibility for leading and growing new pooled investment vehicles geared at exploiting the continuing rental growth pressure in undersupplied urban markets, but at repriced levels. The introduction of flexible…
Savills Investment Management (Savills IM) has acquired a logistics building in Stockholm on behalf of its flagship European logistics fund. The asset has a prime last mile location in Jordbro 25 km south of central Stockholm, Sweden and the seller is Revelop. Following this addition, the fund portfolio comprises 18 assets in six countries with…
Savills Investment Management (Savills IM), the international real estate investment manager, has agreed to acquire HQ South, an A-grade office building in Fortitude Valley, Brisbane from M&G, for its flagship pooled pan-Asian strategy fund. The asset comprises a modern 14,588 sqm building in the thriving near-city Fortitude Valley precinct, with 1,503sqm in food and beverage…
FCA-regulated online real estate investment platform Shojin is reporting a 35 per cent increase in Asian investors over the past year as real estate in the United Kingdom continues to be in demand from global investors. The company is gaining strong momentum among investors based in Hong Kong, Singapore and Taiwan, mirroring the changing appetite…