Ærium, the pan European Real Estate Investment Manager, has completed €356m of new transactions across four European countries, comprising €203m of acquisitions and €153m of disposals.
Ærium’s investment team recently completed €203m of new additions to its German and UK portfolios, comprising:
A core retail portfolio in Southern Germany and a value-add office building in the centre of Berlin which were together acquired for €110m.
The retail portfolio comprises four shopping centre assets totalling 37,613m², located in the affluent Baden-Wurttemberg and Hessen regions. The Berlin office asset was the first value-add transaction completed by Ærium in the city. It is let to Laureate International Universities, a leading global network of higher education institutions.
A 9,174m² core office asset in the City of London was acquired for €93m from a Joint Venture between Ares Management and PMB Holdings.
Disposals were strategically made on behalf of four funds, which have reached maturity. These include:
- 10 retail assets and an office asset across Germany which were sold for €93m in aggregate. The assets comprise a total of 61,000m².
- Two retail assets let to Carrefour in Slovakia for €15m, located in Polus and Zilina and comprising a total of 28,797m².
- Three assets - an office, a shopping centre and a logistics building - located across Switzerland and totalling 20,653m², were sold for €45m.
