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Recent transactions in the real asset market.

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De Gaulle Fleurance advises Urbasolar on the first long-term direct renewable electricity purchase agreement concluded with the French Ministry of the Armed Forces and Veterans Affairs

De Gaulle Fleurance has advised Urbasolar on the conclusion of a long-term direct power supply agreement (PPA) with the French Ministry of Defense and Veterans. The 30-year contract covers the financing, development, construction and operation of a solar park of around 42 MWp on a former military site in Salbris; the contract was awarded on 30 March 2026, construction is scheduled to start before the end of 2028, commissioning in 2030. Approx. 50,182 MWh are expected annually, which covers around 3.7% of the ministry's electricity needs.

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PATRIZIA signs long-term lease agreement for Holiday Inn Express Augsburg

PATRIZIA has signed a new long-term lease agreement for the hotel property at Nagahama Allee 77 in Augsburg. The operation of the "Holiday Inn Express" with 136 rooms will be managed by The Chocolate on the Pillow Group (COTP) in the future; a comprehensive renovation will start in winter 2026 and is expected to be completed by spring 2027. The follow-up lease secures the long-term usage perspective and supports the value development of the location.

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KGAL sells Polish wind portfolio to Octopus Energy Generation

The renewable energy fund KGAL ESPF 4 has sold a Polish onshore wind portfolio with around 75 megawatts to Octopus Energy Generation. The package includes the Krasin, Ciekocinko and Rywald wind farms as well as development pipelines; Revenues are secured in the long term via PPAs or CfD. The transaction is another exit from ESPF 4 with a yield above the hurdle rate.

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Redevco acquires the 10,600 sqm Forettle Center in Kaufbeuren for its Redevco European Retail Park fund

On 5 May 2026, Redevco acquired the Forettle Center in Kaufbeuren (10,600 sqm) for the Redevco European Retail Park Fund; The seller is Nuveen. The property is 98% let with 18 tenants and is to be further optimised in the direction of BREEAM "Excellent" through measures such as a PV system on the roof, LED conversion and heat pump.

Das Technologiezentrum Aachen © Chris Rausch
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Swiss Life Asset Managers invests in the Aachen Technology Centre

The investment in the almost fully let education and science building underlines the long-term investment approach in sustainably rented education and science properties.

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Ares acquires logistics portfolio in Poland from Savills Investment Management

Ares Management has acquired a logistics portfolio in Poland from Savills Investment Management through Ares Real Estate Funds. The package comprises five properties built in 2017–2018 with around 284,000 m² in Warsaw, Poznan, Upper Silesia and Szczecin and is 94 per cent let. Marq Logistics takes over the management; no information was given on the purchase price.

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CA Immo sells Sienna office building in Warsaw

CA Immo has sold the approximately 20,000 m² Sienna Center office building in Warsaw. The move is part of the strategic capital rotation program, which focuses the portfolio on high-quality office properties in core markets; the sale of Greenberg Traurig and CBRE was discussed. In February 2026, the property was approximately 96% leased with a WAULT of 4.0 years and annualized rental income of EUR 3.98 million.

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Real Blue acquires Hamm senior citizens’ campus from RTLL Group for real estate funds

Real Blue has acquired the Hamm senior citizens' campus, which was completed in March 2026, from the RTLL Group for the open-ended special AIF "Real Blue Senior Living". The general tenant is the Humanika Group, which specialises in senior living concepts; the property with around 6,600 m² includes assisted living, shared flats, day care and gastronomy. The building meets KfW 40/55 standards and receives DGNB Silver certification.

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