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Diversification in real estate is a smart strategy at any stage in the economic cycle to hedge against risks. While some funds try to balance their holdings across a range of asset classes, an alternative key solution is a mixed-use approach to individual projects. Even when schemes are dominated by one usage type, the inclusion of different elements gives the asset greater resilience across market cycles and evolving political, demographic, and economic scenarios.

German real estate investor, ECE, has entered into a joint venture with Art-Invest Real Estate UK for the development of a £190m residential project in the heart of London’s West End. The partnership will develop 88 luxury apartments, 35,000 sq ft of commercial space and 15 affordable housing units on a one-acre site on Cleveland Street in London W1. Its co-development partner is Dukelease, and completion of the project is scheduled for 2021.

Retail real estate specialist ECE Real Estate Partners has set up an open-ended pan-European shopping centre fund. The new “ECE Progressive Income Growth Fund” (EPIG Fund) has secured equity commitments of more than EUR 700 million from a leading global institutional investor base and has acquired a seed portfolio consisting of dominant shopping centres in Germany, Austria, Denmark, Poland and Italy with a market value in excess of EUR 1.6 billion. For the upcoming years, further acquisitions of dominant European shopping centres are planned.

Trei Real Estate GmbH (Trei), a developer with over 10 years’ experience on the Polish commercial real estate market, is rapidly developing a network of convenience retail parks. The company, part of the German Tengelmann Group, has now opened its 11th Polish retail park, operating under the Vendo Park brand, in Bytów. This is the developer’s first investment in the Pomerania region. The total cost of investment was approximately EUR 4 million.

Hamburg-based redos Group, one of Germany’s leading retail property specialists, has announced three major new additions to its team: Jan Steinhauer (43) as Technical Head, Dr. Till Dunemann (38) as Director and Project Head – Rhein-Ruhr Zentrum, and Mathis K. Freundl (32) as Finance Manager.

Ascencio and Sagax, real estate companies listed respectively on Euronext Brussels and Nasdaq Stockholm Large Cap stock exchanges, were accepted last Thursday for inclusion in the FTSE EPRA Nareit Developed Europe Index, following the quarterly index review. The effective date of the inclusion is 18 March 2019.

European commercial real estate investment volumes reached a record high of €312 billion in 2018, according to the latest data from leading global real estate advisor, CBRE. This represents a 0.3% increase on 2017, which was previously a record, when total investment volumes reached €311 billion.

BNP Paribas Real Estate has strengthened its European presence by signing an alliance contract, regarding Advisory services (Transaction, Consulting, Valuation) and Property Management, with the Austrian real estate company EHL IMMOBILIEN GmbH, headquartered in Vienna. Founded in 1991 and managed by Michael Ehlmaier, EHL IMMOBILIEN GmbH employs 193 people, based mainly in Vienna.

Trei Real Estate GmbH (Trei), an international developer and property company from Germany for residential and retail real estate, has decided to enter the US housing market. As their first investment, Trei is developing a multi-family property in North Carolina.

Given the current skepticism prevailing among the international real estate investment community, particularly regarding the retail real estate segment, it is important to try to identify its underlying reasons, separating the thoughtful ones from the more provocative ones.