Skanska has secured a SEK 370 million contract with Lundbergs Fastigheter to build four rental apartment buildings in Jönköping. The project in Södra Munksjön will feature commercial spaces, underground parking and a total gross area of over 21,700 square meters. Construction starts in mid-2026, with completion scheduled before the end of 2028 under the Miljöbyggnad Silver environmental standard.
Bridgepoint has agreed to buy US investment platform Kayne Anderson Real Estate for an upfront enterprise value of $1.393 billion. The deal adds real estate as a fifth investment vertical for the mid-market investor, expanding its total assets under management to approximately $117 billion. The transaction is expected to close at the end of 2026, subject to regulatory approvals.
Lagermax Logistics Croatia has completed its third logistics warehouse at its Luka headquarters near Zagreb. The new facility increases total storage capacity to 60,000 square metres. Additionally, sister company Lagermax Autotransport has expanded its site to accommodate 1,200 more vehicles. The newly built facility achieved the highest BREEAM sustainability rating of Excellent for its energy efficiency and resource conservation.
Minor Hotels has expanded its footprint in Austria by signing the historic Grand Hotel Europa in Innsbruck. The landmark property will join the NH Collection portfolio and is set to become the city's only five-star hotel following an extensive renovation. Scheduled to open in 2029, the revamped luxury hotel will feature 120 rooms, a rooftop bar and a restored historic ballroom.
The European Bank for Reconstruction and Development has approved a €25 million local currency loan for Tavan Bogd Holdings. The capital will fund the first phase of the Gerlug Green Complex in Ulaanbaatar, a mixed-use development creating sustainable housing for 1,000 people and commercial space for 30 businesses while targeting international EDGE green certification.
Hines has acquired the 317,000 square foot Heathrow Logistics Park from Blackstone on behalf of its European Core Fund. Located near the main cargo gate of Heathrow Airport, the fully leased asset spans 15.4 acres and expands the European logistics platform of the investment firm beyond its previous €5 billion baseline.
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