Realty Income has partnered with global investment firm KKR to create a euro-denominated joint venture holding a portfolio of European net lease assets. Under the agreement, KKR will invest €528 million for a 49 per cent equity stake, while Realty Income holds 51 per cent and continues property management. The deal covers 54 properties across Spain, Ireland, Poland and the Netherlands, backed by steady rental growth.
Scandic Hotels has expanded its presence in Germany after partnering with real estate manager IREMIS to open a new site in Freiburg. IREMIS purchased the property from its previous owner, while Scandic signed a long-term lease. Set to open in autumn 2027 following extensive refurbishment work, the 219-room hotel will feature flexible meeting spaces, dining areas and wellness facilities situated directly opposite Freiburg's main railway station.
SEGRO has completed the Barnsteen development at SEGRO Park Amsterdam Airport in Hoofddorp, marking the completion of the park's eastern section. Express logistics operator NACEX by Logista Netherlands has secured 1,404 sq m at Barnsteen 11 on a pre-completion lease. The gas-free facility features dedicated photovoltaic panels and battery storage systems to serve high-demand transport corridors.
European real estate manager Redevco has acquired a 560,000 sq ft logistics facility in Widnes, Cheshire. Fully let to Jaguar Land Rover and operated by DHL, the 17-acre site supports car manufacturing operations at the nearby Halewood plant. The acquisition expands Redevco’s Industrial Outdoor Storage footprint to 5.2 million sq ft and €155 million in assets under management across 11 regional properties.
KKR and its European logistics platform Mirastar have completed the £170 million acquisition of four UK industrial assets from developer PLP. The 1.25 million square foot portfolio includes properties in Stafford, Crewe, Ellesmere Port and Wakefield. The fully let developments feature rooftop solar panels, high environmental credentials and a weighted average lease term of 10 years to break.
Starwood Capital Group has completed the final closing of its latest global opportunistic real estate fund, Starwood Distressed Opportunity Fund XIII, securing over $10.2 billion in capital commitments. Supported by more than 300 institutional and private investors across 20 countries, the fund has already deployed $3 billion into data centers, housing and industrial assets across the US, Europe and Asia.
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