Madison International Enters European Life Sciences Sector with Minority Stake in Kadans
Private equity firm Madison International Realty has invested in AXA IM Alts European Life Sciences platform. Madison now owns a minority stake in, and has advisory participation of, Kadans Science Partner, which AXA IM Alts acquired this past December.
The investment is Madison’s first in the European life sciences sector and follows a $200-million commitment made to IQHQ, a U.S. life sciences real estate owner, operator and developer, during 2020. Madison believes the investment will allow Kadans to further progress its strategy for growth in Europe by undertaking new acquisition opportunities and continuing to build out its existing development opportunities.
“Through this investment we have secured a stake in a developer and operator of life sciences real estate in Europe,” said Alex Lukesch, managing director at Madison. “Life sciences is a sector which we are already active in in the U.S. but is still relatively new in Europe and could be poised for further growth.”
Pictured: Rotterdam Science Tower, which Kadans acquired in June.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).