Asset manager news - all assets – Page 4
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Asset Manager News
Hines Set to Launch New Open-Ended Core-Plus European Real Estate Fund
Hines, the international real estate firm, is set to launch Hines European Property Partners (HEPP), its new diversified, open-ended core-plus fund focused on key European markets. Jorge Duarte, who joins Hines from Barings, has been appointed as Fund Manager.
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Asset Manager News
GLP Launches $1.1 Billion Maiden Vietnam Logistics Development Fund
GLP announced today the establishment of GLP Vietnam Development Partners I (“GLP VDP I”) with an investment capacity of $1.1 billion. The fund has received commitments from a well-diversified investor group across Asia, Europe, North America and the Middle East representing pension funds, sovereign wealth funds and insurance companies.
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Asset Manager News
Generali Real Estate acquires the “Weidt Park Corner” office building in Berlin from DWI Group
Generali Real Estate has completed the acquisition of the high-quality office building Weidt Park Corner in Berlin, on behalf of the pan-European fund Generali Europe Income Holding (GEIH) managed by Generali Real Estate S.p.A Società di gestione del risparmio. The seller of the asset is DWI Group, a renowned developer based in Hamburg.
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Asset Manager News
Hines Joins the World’s Largest Green Building Network
Hines, the international real estate firm, has joined the UK Green Building Council (UKGBC), the world’s largest green building network, to continue its drive to accelerate the ESG agenda, across the built environment, further forward.
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Asset Manager News
Union Investment sees strong growth in real estate business and expands investment universe
Backed by stable cash inflows, Union Investment significantly expanded its real estate business in 2021 while also strategically enhancing its successful property platform.
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Asset Manager News
KGAL acquires 50 percent stake in renewable energy project developer GP JOULE Projects
KGAL Investment Management GmbH & Co. KG has acquired a 25 percent stake in GP JOULE Projects for each of its funds KGAL ESPF 4 and KGAL ESPF 5.
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Asset Manager News
Hines Sells Parque Industrial Tecnologico IV in Guadalajara to Corporate Properties of the Americas
Hines, the international real estate firm, today announced the sale of its latest light industrial and logistics park in Guadalajara, Jalisco, Mexico, Parque Industrial Tecnológico IV (PIT IV) to Corporate Properties of the Americas (CPA).
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Asset Manager News
Generali Real Estate acquires the “Métronome” building in Paris, alongside a French institutional investor
Generali Real Estate has completed, alongside a French institutional investor, the acquisition of Métronome, a prime office building in Paris, in the Rive Gauche area, from Oxford Properties.
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Asset Manager News
PATRIZIA invests EUR 101 million in prime Helsinki housing
PATRIZIA AG, a leading partner for global real assets, is investing in a 240-unit prime residential tower in Helsinki, Finland, on behalf of its institutional clients. PATRIZIA acquired T7 Tower for EUR 101 million from SRV, a leading Finnish developer.
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Asset Manager News
Orchard Street is targeting becoming a net zero carbon business by 2040, ten years earlier than planned.
Following the launch of our net zero carbon targets in January, the attached pathway outlines two new and ambitious commitments: to become a net zero carbon business for corporate and landlord emissions and refurbishments – the scope over which the business has the most influence – by 2030, 20 years earlier than originally announced, and to become a net zero carbon business for occupier emissions and fit-outs by 2040, 10 years earlier than planned, as momentum for the firm’s responsible investment strategy continues to build.
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Asset Manager News
IPUT opens new Ballyogan link road at Carrickmines Park
We have now completed the next stage in our €7 million investment programme at Carrickmines Park. The Ballyogan link road is now open, enhancing vehicle and cycling access for customers and providing a direct pedestrian connection from the Ballyogan Wood Green line Luas stop.
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Asset Manager News
IPUT lets penthouse floor at No. 3 Dublin Landings
IPUT Real Estate (‘IPUT’), Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, announces it has let the sixth floor at No. 3 Dublin Landings to leading global reinsurance company, Hannover Re, on a 20-year lease.
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Asset Manager News
PATRIZIA, on behalf of a South Korean consortium, sells Astro Tower, Brussels’ first green office tower, to Union Investment
PATRIZIA AG, a leading partner for global real assets, has sold the shares of the company owning Astro Tower, a prime office building in the heart of Brussels, on behalf of one of its single mandate institutional clients, AIP Asset Managment, a South Korean consortium.
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Asset Manager News
GLP-Backed Pufeng New Energy Delivers Seven Solar PV Projects in China
Pufeng New Energy, a leading distributed solar energy platform backed by GLP, today announced that it has completed grid connection for seven distributed photovoltaic (PV) projects with total installed capacity of 21.4 megawatts (MW) with an estimated annual power generation capacity of 21,144,800 kWh.
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Asset Manager News
PATRIZIA invests EUR 230m in turnkey Rotterdam distribution centre, the largest Dutch logistics property on record with strong ESG credentials
PATRIZIA AG, a leading partner for global real assets, has on behalf of its institutional clients invested in the EUR 230m turnkey acquisition of a 233,000 sqm distribution centre in the container hub of Rotterdam, Europe’s largest port, from Dutch logistics developer DHG. The acquisition, which represents the largest logistics investment on record in the Netherlands in terms of square metres, was made on behalf of PATRIZIA’s Logistik-Invest Europa III Fund and PATRIZIA PanEuropean.
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Asset Manager News
KGAL Impact Fund ESPF 5 hits first close at over 50 percent of total equity target
Institutional investors are backing the sustainable orientation of KGAL ESPF 5 as an SFDR Article 9 impact fund, as well as its outstanding transaction pipeline. The pan-European renewable energy fund has already secured over €260 million of equity, more than half of its target. Almost 20 percent of the committed capital is expected to be invested before the end of this year.
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Asset Manager News
Generali Real Estate acquires the “New Station” building in Paris Montparnasse, alongside a leading Asian investor
Generali Real Estate S.p.A. announces the acquisition of New Station, a prime office asset in Paris, in the Montparnasse area, alongside a leading Asian investor with a global reach.
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Asset Manager News
IPUT launches Quantum Distribution Park
IPUT Real Estate, Ireland’s leading commercial property investment company and the largest owner of offices and logistics assets in Dublin, announces the launch of Quantum Distribution Park at Kilshane Cross, Co. Dublin.
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Asset Manager News
Generali Real Estate acquires prime asset in central London
Generali Real Estate has completed the acquisition of Times Square, an office building located in Queen Victoria Street, in the heart of the City of London. The seller is the Blackstone Group.
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Asset Manager News
PATRIZIA closes GLI urban logistics investment platform as new sidecar to TransEuropean VII with circa EUR 1 billion firepower to invest
PATRIZIA AG announces the final close of its GLI platform, a London urban logistics sidecar investment to its flagship discretionary value add fund, TransEuropean Property VII LP.