Ferguson Partners Europe

Your source for monthly real assets transactions, people moves and trends shaping the industry.

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It’s been a challenging year for real estate investors awaiting a narrowing of the pricing gap between buyers and sellers. We are all aware of the geo-political headwinds and economic challenges 2023 has thrown at the real estate industry and it has been a stern test of corporate resilience.

However, if the sentiment entering 2023 was one of nervousness and fear of the unknown, 2024 presents a curbing of inflation across the region, a steadying of interest rates set by the central banks and signs of transaction activity already increasing in selected asset classes.

Logistics and the Living Sector continue to be resilient due to real estate fundamentals. Ferguson Partners is also seeing a growth of investment into Renewables, Alternatives and Datacentres as part of our wider real assets coverage.

Allied with where we are in the real estate cycle, the three areas of functional growth are Finance Directors (those with knowledge of complex structuring in a higher interest rate environment), Asset Managers (greater focus on existing assets where there is a lack of transaction activity) and Capital Raisers with deep relationships in recently active markets.

As we enter the final week before Christmas, the headwinds are still present, but well-capitalised investors will take advantage of impending stressed sales at the asset and corporate level. We predict an increase in M&A activity, a consolidation of the investment management sector and an increase in the formation of operating companies where enterprise value can be grown.

We hope you enjoy our summary of the previous month’s activities in European Real Assets and look forward to working with you in the New Year. Season’s Greetings!!

December highlights:

Key Transactions

  • Garbe Institutional Capital acquired GRR Real Estate Management along with more than 80 team members for an undisclosed sum.
  • Numa, the tech-backed hospitality platform, acquired Yays from Proprium Capital Partners for an undisclosed sum.
  • CPIPG reached an agreement on the sale of a portfolio of 11 properties in the Czech Republic to S Immo AG for €481 million.
  • iQ Student Accomodation acquired two new purpose-built student accommodation properties from Downing Students for c.£370 million.
  • CBRE IM acquired a c.€360 million residential portfolio in Berlin.

People Moves

  • Clarion Partners appointed Kimberly Adams as Managing Director with responsibilities for spearheading their global strategies in alternative
    property sectors.
  • Bouwinvest Real Estate Investors appointed Gijs Plantinga as Director Strategic Business Development.
  • Colliers appointed Achim Degen as CEO, Germany.
  • Knight Frank Investment Management appointed John Styles as Chief Investment Officer, following Matthew McDonald’s promotion to CEO.
  • Nick Preston has been appointed head of the newly created Panattoni Investment Management.

Industry Trends and Events

  • Aware Super, the Australian pension fund, unveiled plans to direct a €6 billion investment commitment across Europe through its London office.
  • Hines closed its third European value fund above target, with £1.6 billion of equity commitments.
  • LendInvest completed the group’s fifth and largest securitisation of £410 million of its buy-to-let mortgage loans in an oversubscribed mortgage
    backed security.
  • Skanska issued green bonds worth €390 million to finance sustainable commercial real estate projects.
  • Alma Property Partners raised nearly €350 million in equity capital for its third pan-Nordic opportunistic real estate fund, Alma Property Partners III.

New from Ferguson Partners Europe

Latest news and perspectives.

PGIM President and Chief Executive Officer Eric Adler on critical leadership attributes and the evolving investment management space.

LGIM Global Head of Real Assets Bill Hughes on culture, leadership and talent, and advice for tomorrow's leaders.

Landsec Chief Executive Officer Mark Allan on key leadership qualities for today's changing world and challenges facing the next generation of leaders.

Neil Slater, Global Head of Real Assets for abrdn on leadership best practices, the role of ESG in strategy, culture and success.

Frasers' Property Chief Executive Officer Ilaria del Beato on leadership success, ESG leadership and the future outlook.

Schroder's Capital Global Head of Real Estate Sophie van Oosterom on leadership, culture and the future of work.

Ferguson Partners Europe Activities

Keep up with our team.

Breakfast

FP Industry Leaders Breakfast

Ferguson Partners CEO Gemma Burgess, Chairman William J. Ferguson, and Head of Europe, Charlie Barton, hosted a CEO breakfast to facilitate a conversation between industry leaders. Thank you to those who participated and shared their insights.

Bisnow 3

Bisnow DEI Event: Attracting, Promoting, Retaining

 Ferguson Partners' Priya Mehra recently attended Bisnow’s Rise UK Initiative Elevating Diversity within Commercial Real Estate, where some of the biggest CRE companies  demonstrated successful and measurable DEI results, attracting, promoting and retaining diverse teams.

South Asian Heritage

FP Attends Houses of Parliament DEI Event

In commemoration of South Asian Heritage Month, the Ferguson Partners team joined a special event, part of a DEI series, from the City Hindus Network and City Sikhs at the Houses of Parliament.

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