European urban investor Urban Partners has sold four newly constructed logistics properties near Oslo to KLP Eiendom for NOK 1.8 billion. Covering 98,000 square metres across the Vestby and Moss transport hubs, the deal is Norway’s largest logistics transaction this year. The fully let portfolio features high environmental standards and premium tenants including H&M and Schibsted.
Colliers has appointed Christian Mayer and Elias Mulamoottil to expanded global leadership roles to drive growth in commercial real estate and engineering. The move comes as Chris McLernon announces his retirement after a 40-year career. Mayer becomes Global CFO and CEO of Commercial Real Estate while Mulamoottil takes over as Global CIO and CEO of Engineering to manage the firm's expanding infrastructure portfolio.
Valor Real Estate Partners and QuadReal Property Group have extended their partnership in the German market with the acquisition of a 6,000 sqm logistics asset in Berlin. Located in the Charlottenburg-North submarket, the modern cross-dock facility serves as a critical last-mile hub for the city. This transaction follows a significant investment in Lichtenberg last month, highlighting the joint venture's focus on high-demand urban areas.
Dale Stigamier has formally taken over as the executive leader of LCK as the project management firm prepares for its next phase of expansion across the Southeast. The transition comes as Mickey Layden steps down from her role as Chief Executive Officer after leading the company for 32 years. Layden will now serve as Founder and Chair Emeritus where she will focus on business development and community engagement.
JINGDONG Property has increased its UK logistics holdings with the acquisition of a prime site near Leicester. Located in the "Golden Triangle," the deal includes two large warehouses and a development site capable of hosting 678,000 sq ft of new industrial space. This acquisition boosts the firm's total UK footprint to nearly 3.93 million sq ft as it looks to support regional supply chains and economic growth through high-spec, environmentally friendly infrastructure.
Barings has expanded its Australian industrial footprint with the off-market acquisition of the Smithfield Industrial Estate in Sydney. Purchased through the BRAVA V fund, the estate covers nearly 57,000 square metres and supports 52 tenancies. The site is strategically located near Parramatta and major freight corridors, offering significant value-add potential. This deal is one of three initial Sydney investments for the fund, which now totals A$686 million in assets.
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