Rockspring fund raises £160m
Rockspring has completed a first close of €217.5m (£160m) for its Rockspring TransEuropean VI fund.
It received investment from five investors from the UK, France, Finland and the US.
It has raised more than half its target of €400m.
With a planned gearing of 55%, it is expected to deploy a total of almost €1bn over its investment period.
Standard Life buys in Germany
Standard Life has bought a €325m (£239m) portfolio of seven offices in Germany.
It was sold by two Luxembourg real estate funds managed by Conren Land and N+1 REIM.
The assets are in Frankfurt, Hamburg, Munich, Nuremburg and Stuttgart.
LPA Rechtsanwälte Steuerberater, Clément & Avocats and Ramboll Environ acted for Standard Life; Arendt & Medernach advised the vendor.
Nigeria is top hotel opportunity
Nigeria presents the biggest opportunity for hotel investors in west Africa, according to the African Hotel Report 2015.
It has the strongest economy on the continent, and only 34 branded hotel bedrooms per 1m of population.
This compares with 6,754 branded hotel bedrooms per 1m people in North America and 2,432 bedrooms per 1m in Europe.
€140m close for Peakside fund
Peakside Capital has closed its €140m (£103m) second real estate fund and has purchased a 372,300 sq ft mixed-use building at Prenzlauerberg in Berlin.
PREF II will have a total firepower of about €400m and will buy mainly opportunistic property in Germany.
CBRE GI names Belgium boss
CBRE Global Investors has promoted Piet Van Poppel to country manager for Belgium.
Previously transactions manager for Belgium, Van Poppel has been with CBRE GI for more than 10 years and has handled more than €1bn (£740m) of transactions.
