ARTICLES LABELLED WITH TAG joint venture

Kajima Properties Europe and Savills Investment Management have launched a new strategic partnership with the completion of the acquisition of Panattoni Europe’s interest in the 144,880 sqm Łódź City VI logistics park in Central Poland.

London-based investor Grosvenor’s Indirect Investment team has expanded its portfolio in the logistics sector with a move into Poland. Grosvenor is the cornerstone investor of Polish Logistics LLP, a new investment vehicle established by IO Asset Management, the specialist manager of industrial real estate, and Reino Capital, a real estate holding company listed on the Warsaw Stock Exchange. Polish Logistics LLP has acquired Logistic City in the established logistics location of Piotrków, south of Łódź, from a private investor.

Echo Investment is launching a joint venture with a company controlled by an unnamed investor. Resi4Rent is the first fully integrated investor, operator and asset manager for purpose-built residential communities in Poland. With more than 1,200 apartments under construction and another 1,700 apartments ready for construction in the next 12 months, Resi4Rent will be the largest residential for rent platform in Poland. The first tenants will be able to move in during the fourth quarter of 2019.

PGGM Private Real Estate and Redevco, one of Europe’s leading retail real estate investment managers have launched Urban Retail Ventures, a €550 million European commercial real estate joint venture. Urban Retail Ventures will invest in the most favourable shopping and leisure destinations in Europe, focusing on cities that are winning the battle as quality retail locations.