Virna Asara

Azora has raised €1.6bn for its latest Southern European real estate fund, making it the largest real estate vehicle raised for the region, as institutional investors continue to back value-add strategies despite a challenging fundraising environment. The Spanish investment manager said its Azora Southern Europe Opportunities III (SEO III) fund attracted more than €2.1bn of investor interest including co-investment capital of €450m, bringing total investment capacity to approximately €4.5bn.

ING and DBS have jointly underwritten a £1.016bn (€1.19bn) development loan for the refurbishment of One Spitalfields, marking one of the largest office financing transactions completed in London in recent years. The financing, arranged for institutional investors advised by J.P. Morgan Asset Management, will fund the transformation of the 11-storey mixed-use estate at 1–10 Bishops Square in the City of London.

The 302-acre park, located south of Oxford near Didcot Parkway, comprises 2.9msqft across 87 buildings and represents a total value of around £800m (€930m). Its occupier base spans more than 280 companies across science, technology and logistics. The asset is being marketed for the first time since 1984, offering investors exposure to Oxford’s wider science and innovation ecosystem, known as Science Vale.