Savills Investment Management has acquired a light industrial park in Essen for its European Urban Logistics & Industrial Fund (EULIF). The seller is a joint venture of the Adolf Weber Real Estate and Project Development Company, which realised the inner-city business park in the last two years. Savills IM’s group logistics AuM now totals €6…
Savills IM
Savills Investment Management has appointed Kevin Aitchison to the new role of Managing Director – Equity Investments UK & Europe. Aitchison will join Savills IM at the end of 2023, and report to Alex Jeffrey, Chief Executive. He joins from Knight Frank Investment Management (KFIM), where he has held the position of Chief Executive for over…
Savills Investment Management has appointed Apwinder Foster to the new role of Global Head of Strategy and Client Capital. In this new role, Apwinder will play a key role in driving a globally coordinated approach to Savills IM’s client-facing activities as well as product strategy. She will take up the newly created role with immediate…
Savills Investment Management has acquired two new Aldi supermarkets in Spain for its European Food Retail Strategy fund. The fund now has capital commitments from German institutional investors of around €370 million, raised since 2020. The first supermarket in Alzira, Valencia was acquired from developer Ten Brinke at the end of June and comprises around…
Savills Investment Management has completed the sale of DSV Venlo, a core logistics asset in the main logistics hub in The Netherlands on behalf of Vestas Investment Management for a sale price of €105 million. The disposal was an element of a five-year business plan targeting significant capital gains, following the construction and acquisition of…
Savills Investment Management has completed the acquisition of two newly built residential properties in Valencia for its European Living Platform for a total purchase price of around €66 million. The seller of the properties, Neinor Homes, is a leading Spanish developer of residential assets for Build to Suit (BTS) and Build to Rent (BTR) with…
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. These are the first acquisitions in Savills IM’s Build-to-Rent (BTR) portfolio, following the acquisition of Pitmore, the UK Development and BTR…
Savills Investment Management (Savills IM) has acquired a supermarket portfolio comprising four strategically located properties in Portugal for its European food retail strategy. The purchase price was around €39 million, increasing the total equity which has been committed to supporting the strategy to €470 million – with other property investments in the Netherlands, Ireland, Denmark,…
Savills Investment Management (Savills IM) has entered into an agreement to acquire six fully let residential assets in Sweden for c. €100 million for its European Living platform. 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. The…
Savills Investment Management (Savills IM) has acquired the Rapid Logistics distribution centre in the Schiphol Trade Park at Hoofddorp in Amsterdam’s Metropolitan Area in an off-market transaction on behalf of a German pension fund. Development of the distribution centre, which is situated in the logistics zone of the Trade Park – a little over 7km…
Savills plc today announces its preliminary results for the year ended 31 December 2022. Key financial highlights Group revenue up 7% to £2.3bn (2021: £2.15bn) Underlying* profit before tax decreased 18% to £164.6m (2021: £200.3m) Reported profit before tax decreased 16% to £153.9m (2021: £183.1m) Underlying basic EPS down 19% to 94.9p (2021: 116.5p); reported basic…
Savills Investment Management (Savills IM) transacted more than €3.6 billion globally in private real estate equity transactions in 2022 including c. €3.1 billion in Europe and c. €540 million in Asia. Savills IM completed those 112 transactions across 14 countries in 2022, including around €2.1 billion of acquisitions and €1.5 billion of disposals, resulting in…
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) has acquired two properties in Lyon, France, and Milan, Italy, for a total of approximately €110 million for the investment mandate of a southern German pension fund. The purchase in Milan is an off-market transaction. These are the first purchases in France and Italy for the portfolio, which has been…
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…
Savills Investment Management (Savills IM) has completed investments in the office and residential sectors in Japan, as well as its acquisition of a local neighbourhood shopping centre in Australia for its flagship pan-Asian fund. In Japan, Savills IM has acquired a high-quality office in Greater Tokyo. The multi-tenant building totals approximately 5,500 sqm of rentable…
Savills Investment Management (Savills IM) has advised on the acquisition of a newly constructed office and commercial building at Kurfürstendamm 12 in Berlin for Versicherungskammer. The seller is the RFR-Group, which acquired the asset in 2021. The prestigious new building in Berlin’s premium location comprises more than 6,500 sqm of rental space across six floors…
International real estate investment manager Savills Investment Management (Savills IM) has acquired three logistics properties in France for a total €72 million on behalf of its European Logistics Fund 3 (ELF 3). The ELF 3 portfolio now comprises 15 properties in five countries. In Dijon, an inner-city cross dock facility to serve the last mile…
European investment fund manager and real estate debt business DRC Savills Investment Management has appointed Steve Willingham as Head of Asia. Based in Hong Kong, Willingham will report to Dale Lattanzio, managing partner of DRC Savills IM when he officially joins the firm in November. The appointment underlines the investmentr management firm’s commitment to strengthening…
Savills Investment Management (“Savills IM”), the international real estate investment manager, has acquired Pitmore, the UK Development and build-to-rent (BTR) specialist, as a key part of plans to grow its UK residential and BTR platform. As one of the UK’s most experienced residential advisors, being involved in the sector since 2012, the senior partners of…