All Acquisitions & Disposals articles – Page 4
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Asset Manager NewsOrchard Street acquires Manchester retail park for £63 million from The Crown Estate
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Altrincham Retail Park in Greater Manchester from The Crown Estate for £63.05 million. The acquisition has been made on behalf of St James’s Place Property Unit Trust and represents a net initial yield of 6.96%.
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Asset Manager NewsOrchard Street serves an ace with acquisition of David Lloyd health, fitness & racquets club
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces the freehold acquisition of a David Lloyd Leisure health, fitness and racquets club located in Newbury, Berkshire for £17.6 million. The transaction, made on behalf of a pension fund client, was structured as a sale and leaseback agreement with the tenant, and reflects a net initial yield of 4.5%.
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Asset Manager NewsOrchard Street tips its hat to Camden, with purchase of £25 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Dunn’s Hat Factory, a prime office asset in Camden, North London, for £25.3 million in an off-market transaction. The property was acquired from Threadneedle on behalf of St James’s Place Property Unit Trust, and the purchase price represents a net initial yield of 4.3%.
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Asset Manager NewsOrchard Street acquires mixed-use gem in London’s Hatton Garden for £29 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of 36-38 Hatton Garden, Clerkenwell, London for £28.8 million. The asset was acquired from Dorrington PLC on behalf of St James’s Place UK PLC. The purchase price represents a net initial yield of 4.66%.
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Asset Manager NewsOrchard Street completes trio of lettings at Cardiff Bay Retail Park
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has successfully secured three new tenants at Cardiff Bay Retail Park.
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Asset Manager NewsOrchard Street acquires premier London gym
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, today announces the freehold acquisition of a Virgin Active gym, located on Smugglers Way, Wandsworth, London for £12.95 million. The transaction, made on behalf of St James’s Place Property Unit Trust from TH Real Estate, reflects a net initial yield of 5.0%.
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Asset Manager News
AEW opens new office in Madrid following a number of recent acquisitions in Spain
AEW announces that it has opened a new office in Madrid as a result of the growth in our assets under management in Spain.
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Asset Manager NewsOrchard Street acquires The Cornerhouse, Nottingham from Land Securities for £65m
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of The Cornerhouse, Nottingham from Land Securities PLC for £65 million. The asset was acquired on behalf of St James’s Place UK PLC.
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Asset Manager News
Invesco Real Estate acquires the first Adina Apartment Hotel in Nuremberg
Invesco Real Estate is pleased to announce that it has acquired the Adina Apartment Hotel in Nuremberg.
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Asset Manager NewsOrchard Street acquires prime West End office for £54.4m
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 25 Great Pulteney Street, a prime new build office asset in Soho, London for £54.4 million. The asset was acquired on behalf of St James’s Place from F&C Commercial Property Trust Ltd (‘FCCPT’) managed by BMO Real Estate Partners (‘BMOREP’). The purchase price represents a yield of 3.96%.
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Asset Manager News
Invesco Real Estate completes acquisition of award-winning Q22 office property in Warsaw
Invesco Real Estate is pleased to announce the completion of its purchase of Q22 – an award-winning c.53,000 sqm, 39-storey office building in Warsaw CBD, which it has acquired from Echo Investment S.A., one of Europe’s largest investment and development companies.
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Asset Manager NewsPATRIZIA acquires 177 residential units in Copenhagen
PATRIZIA Immobilien AG has acquired a residential turn-key project in central Copenhagen.
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Asset Manager NewsPATRIZIA acquires portfolio for Pan-European logistics real estate fund
PATRIZIA Immobilien AG continues to expand its business with logistics real estate.
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Asset Manager NewsBouwinvest’s Dutch Retail Fund, buys retail premises on one of Eindhoven’s main shopping streets
The building covers 440 m2 of leasable area at Rechtestraat 35-35a in Eindhoven and is rented to Dutch fashion brand Claudia Sträter.
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Asset Manager News
Bouwfonds IM buys 226 apartments in Holland Park for pan-European property fund
In addition to owner-occupied apartments, Holland Park also gets non-subsidised rental apartments. The fastest growing new housing project in the Netherlands thus becomes even more attractive for house hunters.
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Asset Manager NewsUnion Investment acquires 54,000 sqm campus property in Fürth, Bavaria for newly established special fund
38 tenants in seven buildings, First transaction for Urban Campus Nr. 1 fund
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Asset Manager News
UBS Triton completes acquisition of South-East industrial estate for GBP 30 million
UBS Asset Management’s Global Real Estate business announces that the UBS Triton Property Fund has completed the acquisition of the Interchange industrial estate in Swanley, Kent for approximately GBP 30 million, representing a yield of 5.51%.
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Asset Manager NewsPATRIZIA acquires another major retail portfolio
PATRIZIA Immobilien AG has acquired a top-value portfolio with more than ten spacious retail properties for over EUR 200 million.
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Asset Manager NewsPATRIZIA acquires 198-unit BTR development in East London
PATRIZIA UK announces that it has completed the acquisition of Trocoll House, Barking from Coplan Estates. The site has been acquired for the development of a 28-storey tower with detailed planning consent in place for 198 Build to Rent units.
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Asset Manager News
Invesco Real Estate sells Zaulek Piekna in Warsaw CBD
Invesco Real Estate is pleased to announce the sale of Zaulek Piekna on behalf of one of its separate account clients in Germany to GLL Real Estate Partners GmbH.
