Robin Marriott

Hypo Real Estate has provided a €46.9m loan to RREEF’s DB Real Estate Iberian Value Added fund to refinance the acquisition of the Penha Longa Hotel, Spa & Golf Resort.

Matthew Ryall is joining the German insurer to head up its multi-fund strategy. The appointment comes one week after Allianz unveiled Olivier Piani as its head of real estate.

Marianna Nitsch, general counsel for GE’s French business, has been promoted to general counsel for Europe following the appointment of Thierry Leleu to European managing director of the firm’s new investment management division.

The Ney York firm has confirmed its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.

The New York-based private equity firm has made its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.

Olivier Piani, GE Real Estate’s chief executive in Europe, is leaving his post to head up Allianz’s new business. Piani, who is credited with building GE's real estate investments in Europe after a decade with the firm, will take up his new post with Allianz in October.

Waterland Private Equity Investments is adding to its golf-related interests by acquiring a majority stake in GolfRange. The firm is looking to make the game more accessible and affordable by opening more courses in urban areas.

City Lofts, the UK city center residential developer that JER helped take private last year, has succumbed to the property downturn.

The US property fund manager said the new business would assess corporate level acquisitions as well as debt and equity opportunities in a move towards higher risk, higher return strategies. Separately, LaSalle has plugged a gap in its European coverage by opening an office Milan led by former Redevco executive Francesco Coviello.

Retail investors were given a gloomy picture of the state of the market, after a report by UK property services firm, Colliers CRE, suggested that not only could real rents fall up to 20 percent over the next three years, but that capital values could also fall another 10 percent.