All Acquisitions & Disposals articles – Page 7
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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.
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Asset Manager News
M7 Real Estate Investment Holdings acquires the M7 Multi-Let Seed Portfolio for circa £117 million
M7 Real Estate announces that it has acquired 92 primarily UK regional multi-let assets comprising the Marble Portfolio and M7 REIP II (from separate vendors) for a combined purchase price of circa £117 million.
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Asset Manager News
Deka Immobilien sells office tower in France
Deka Immobilien has sold the office high-rise property Tour Cèdre in the La Défense district near Paris. Invesco Real Estate and RedTree Capital have acquired the property as part of a joint venture agreement.
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Asset Manager News
KGAL expands its Austria retail portfolio with acquisition of MerkurCity centre, Wiener Neustadt
KGAL has secured MerkurCity, a modern retail centre in the city of Wiener Neustadt in Austria.
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Asset Manager News
Deka Immobilien purchases landmark building in Frankfurt
Deka Immobilien has exchanged contracts to secure the purchase of the Tower 185 office skyscraper in Frankfurt am Main.
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Asset Manager News
Deka Immobilien sells logistics property in Spain
Deka Immobilien has sold the “Eroski” logistics property in the Spanish city of Zaragoza. Barings acquired the property for EUR 17,6 million. The property comes from the portfolio of the WestInvest TargetSelect Logistics sector fund, which is aimed at institutional investors.
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Asset Manager NewsOrchard Street completes acquisition of prime West London industrial estate from The Church Commissioners for £19.34 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Crown Business Centre, a prime industrial estate in a strategic West London location, from The Church Commissioners. The asset was acquired on behalf of St James’s Place UK Plc. for £19.34 million, representing a net initial yield of 3.90%.
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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 News
Deka Immobilien sells office portfolio in the Netherlands
Deka Immobilien has sold the “Liv-Portfolio” in the Netherlands for around EUR 360 million.
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Asset Manager News
M7 purchases €142.9 million of Dutch assets for M7 EREIP IV
M7 Real Estate announces that it has invested a further €142.9 million in 34 office assets throughout the Netherlands on behalf of M7 European Real Estate Investment Partners IV.
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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 News
KGAL acquires the Ilmenau Center in Lüneburg
Asset and investment manager KGAL has expanded its real estate portfolio with the acquisition of the Ilmenau Center.
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Asset Manager News
KGAL buys two further office buildings for special AIF in Budapest
The asset and investment manager KGAL has acquired the Kálvin Square and CityZen office buildings in Budapest.
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Asset Manager News
Deka Immobilien purchases retail complex in France
Deka Immobilien has purchased a retail complex in an exclusive location in Strasbourg. The seller is the French real estate developer and investor Altarea Cogedim.
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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 News
Deka Immobilien purchases logistics portfolio in Germany
As part of a sale and leaseback transaction, Deka Immobilien GmbH has secured a DSV portfolio of three German properties under a purchase agreement.
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Asset Manager NewsKGAL Group acquires Austrian shopping centre in Liezen/Steiermark
KGAL Group continues to expand its real estate portfolio in Austria. The purchase of the “ELI Liezen” shopping centre marks the asset and investment manager’s seventh property acquisition for the institutional retail fund ARPP.
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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 News
Deka Immobilien sells office building in France
Deka Immobilien has sold the Le Sémaphore office building located in the vicinity of Paris for around €63 m. The property was purchased by Europa Capital LLP for its current pan-European investment fund, in joint venture with local operating partner Balzac REIM, from the portfolio of the open-ended real estate mutual fund Deka-ImmobilienGlobal.
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Asset Manager News
M7 purchases €55 million of Dutch assets for M7 EREIP IV
M7 Real Estate announces that it has invested a further €55 million in 15 assets throughout the Netherlands on behalf of M7 European Real Estate Investment Partners IV.
