Principal Real Estate Europe (Principal), a leading European real estate investment manager, has completed €1.2 billion ($1.4 billion) of real estate transactions across European funds and mandates during 2018.
Highlights from the year include the acquisition of the National Air Traffic Services Centre in Farnham for €90 million ($102 million) on behalf of a pension fund client; €137 million ($155 million) of assets for the Principal European Office Fund (formerly the ICE Office + fund); the €80 million ($90 million) acquisition of the Levallois office building for Saudi Investment Manager, SEDCO; €205 million ($233 million) of acquisitions in Germany for the German CARE Invest I fund and the French Novapierre Allemagne fund; and committed €350 million ($397 million) in new developments for a U.S. pension fund.
During the period, Principal completed €232 million ($263million) of asset sales. Notable transactions included the disposal of the Eu
