All Acquisitions & Disposals articles – Page 3
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Asset Manager NewsUBS Asset Management launches long income UK property fund seeded with GBP 90 million hotel portfolio
Open-ended UK long-lease strategy focused on alternative real estate sectors Targeting net income return of 5% p.a. Circa GBP 90 million committed from initial investor
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Asset Manager NewsMcAleer & Rushe sells The Brinell Building, Brighton to Orchard Street for £39 million
Developer and contractor McAleer & Rushe has exchanged contracts to sell the Brinell Building in Brighton. The company is selling the speculative office development for £39 million, reflecting a yield of 4.75%, to Orchard Street Investment Management, who has purchased it on behalf of St James’s Place Property Unit Trust.
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Asset Manager NewsTriton acquires prominent office asset on London’s Southbank for GBP 75.7 million
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that its Triton Property Fund (Triton or the Fund) has acquired 42 Southwark Bridge Road, a prominent office asset located on London’s Southbank, for GBP 75.66 million.
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Asset Manager NewsOrchard Street acquires prime Thames Valley industrial estate for £15.7 million from Kier Property and Investec
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of Trade City Reading, a multi-let industrial estate in Reading, developed in Joint Venture by Kier Property and Investec. The asset was acquired on behalf of St. James’s Place UK Plc. for £15.68 million, reflecting a net initial yield of 4.70%.
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Asset Manager NewsGenerali Real Estate acquires large scale portfolio in France from Monoprix
Generali Real Estate S.p.A. has completed, on behalf of two Generali Group entities, the acquisition of a portfolio of 53 assets operated by Monoprix, a French leading high street retailer, for approximately €600 million.
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Asset Manager NewsUBS Asset Management acquires prime Frankfurt office tower for EUR 155 million
Landmark tower block in Frankfurt’s CBD acquired on behalf of a client mandate
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Asset Manager NewsOrchard Street completes £38 million acquisition of two hotels in Newcastle
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of two hotel investments in Newcastle City Centre from Union Property Development Ltd. for a total price of £38 million. The transaction, made on behalf of St James’s Place UK Plc, comprises the acquisition of the Travelodge Quayside hotel and the forward funding of a Melia hotel development. The combined purchase price reflects a net initial yield of 4.50%.
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Asset Manager NewsOrchard Street acquires prime asset on Soho’s Wardour Street for £55 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 141 Wardour Street, a prime mixed-use asset in Soho, London for £55 million. The purchase price reflects a net initial yield of 4.31% and the acquisition was made on behalf of St James’s Place UK Plc.
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Asset Manager NewsOrchard Street completes purchase of M25 industrial warehouse
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that, on behalf of St James’s Place UK Plc, it has completed the acquisition of a newly built distribution warehouse in Belvedere, South East London for £11.3 million from Buccleuch Property and Wrenbridge Land.
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Asset Manager NewsOrchard Street acquires prime Dunstable industrial properties for £28 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of two South East industrial assets in Dunstable, Bedfordshire for £27.95 million. The properties were acquired from Pears Property on behalf of St. James’s Place Property Unit Trust.
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Asset Manager NewsOrchard Street acquires multi-let Fitzrovia freehold for £38.5 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 27-35 Mortimer Street, a mixed-use office and retail building in London’s Fitzrovia, for £38.5 million from Great Portland Estates plc. The purchase price reflects a net initial yield of 3.90% and the acquisition was made on behalf of St. James’s Place UK PLC.
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Asset Manager NewsUBS Asset Management gets into ‘The Flow’ with acquisition of striking Amsterdam office development
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that it has acquired, by way of forward-purchase, The Flow, an office development in Amsterdam, from ToBeDeveloped.
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Asset Manager NewsOrchard Street acquires prime Clerkenwell building for £18.5 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 80 Clerkenwell Road, London EC1 for £18.5 million. The acquisition was made on behalf of a pension fund client from DTZ Investors.
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Asset Manager NewsOrchard Street acquires prime Bracknell office building for £22.65 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 3 Arlington Square in Bracknell, Berkshire for £22.65 million. The asset was acquired from Arlington, with the purchase price representing a net initial yield of 6.25%. The acquisition was made on behalf of St. James’s Place Property Unit Trust.
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Asset Manager NewsOrchard Street acquires Slough Retail Park for £63 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired Slough Retail Park in Slough, Berkshire from Benson Elliot, the UK-based pan-European private equity real estate fund manager, for a price in the region of £63 million. The acquisition was made on behalf of St. James’s Place UK Plc.
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Asset Manager NewsOrchard Street acquires purpose-built care home in off-market transaction
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired a purpose-built residential care home in Leamington Spa, Warwickshire on behalf of a pension fund client for £14.18m from Aprirose, a UK-based real estate investment company. The purchase price represents a net initial yield of 3.85%.
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Asset Manager News
Principal completes acquisition of INTERNOS Global Investors to expand real estate investment capabilities in Europe
Principal Global Investors today announces the completion of the acquisition of INTERNOS Global Investors, the UK-headquartered pan-European real estate investment manager.
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Asset Manager NewsOrchard Street completes acquisition of strategic West London industrial estate for £20.9 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of The Griffin Centre, a strategically-located industrial estate in Feltham, West London, from LaSalle Investment Management. The asset was acquired on behalf of St James’s Place UK Plc. for £20.91 million, representing a net initial yield of 4.13%.
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Asset Manager NewsOrchard Street makes £35 million Hermiston Retail Park acquisition
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired Hermiston Retail Park in Consett, County Durham on behalf of St James’ Place UK Plc for £35.31 million from Aviva Investors. The purchase price reflects a net initial yield of 6.25%.
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Asset Manager News
PATRIZIA acquires Copenhagen’s ‘Marble City’
PATRIZIA Immobilien AG announces the acquisition of the 259 apartments of the ‘Marble City’ residential area in Copenhagen, Denmark, from the pension fund PenSam and the public company City & Harbour.
