All Acquisitions & Disposals articles – Page 8
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Asset Manager News
Orchard 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
Hines acquires PacSun Global Headquarters in Anaheim
Hines announced that along with funds managed by Oaktree Capital Management, L.P., it has acquired Pacific Sunwear “PacSun” Global Headquarters, a 181,000-square-foot, three-story Class A office building in Anaheim, CA.
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Asset Manager News
Hines sells 2.9. sf industrial portfolio in Mexico to Grupo IGS
Hines announced the sale of a 2.9 million-square-foot portfolio of industrial and logistics properties to Grupo IGS. Financials on the deal were not disclosed. Savills represented Hines on the disposition.
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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
NPS sells Sony Center Berlin to Oxford Properties
Hines, the international real estate firm announced today on behalf of the Korean pension fund National Pension Service the pending sale of Sony Center at Potsdamer Platz to a partnership of Oxford Properties and Madison International Realty for approximately €1.1 billion.
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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 News
Orchard 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 News
Orchard 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 News
KGAL 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 News
Orchard 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.
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Asset Manager News
Deka Immobilien acquires logistics project in the Netherlands
Deka Immobilien has acquired a logistics project in Venlo, Netherlands under a sale-and-lease-back transaction.
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Asset Manager News
KGAL Acquires the Skyline Office Complex in Vienna
KGAL further expands its sizeable real estate Austrian footprint within the Vienna office market with the acquisition of Skyline Office.
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Asset Manager News
Deka Immobilien acquires top office property in London
Deka Immobilien has secured a further high quality real estate asset in London. The fully-let core office building known as Cannon Place is under contract for a “headline price” of GBP 485 million.
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Asset Manager News
Orchard 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.