Asset manager news - all assets – Page 7
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Asset Manager News
PGIM Real Estate Provides $408M Senior Loan Facility For 11-Property Industrial Acquisition
On behalf of its U.S. core plus debt strategy, PGIM Real Estate has provided a $408 million senior loan facility to an institutional real estate investor for the acquisition of 11 Class A industrial properties across California, Texas, Ohio, Florida, and New Jersey. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
PGIM Real Estate’s European Core Strategy Makes Its First Netherlands Acquisition
PGIM Real Estate has made its first acquisition in the Netherlands on behalf of the investors in its European core strategy. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
PGIM Real Estate Acquires New Jersey Industrial Portfolio For $275M
On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a four-building 2.2-million-square-foot industrial portfolio for $275 million from Bridge Development Partners. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
PGIM Real Estate Sells Toyobo Building In Osaka, Japan
PGIM Real Estate has sold Toyobo Building, a 12-story high-rise office building located in Osaka, Japan, on behalf of its investors. PGIM Real Estate is of PGIM, the US$1.4 trillion global investment management business of U.S.-headquartered Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
PATRIZIA acquires residential development in Sweden for EUR 100m
PATRIZIA AG, a leading partner for global real assets, has acquired a residential development project in Malmö, Sweden, in the attractive suburb of Hyllie from Slättö, a real estate fund manager specialising in the Swedish market, for approx. EUR 100 million.
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Asset Manager News
SLP Announces 335,000 SQM of Strategic Land Bank Acquisitions in Vietnam for Development of Modern Logistic Assets
Venture will initially focus on two largest markets, Greater Hanoi and Greater Ho Chi Minh City and surrounding provinces, and marks GLP’s entrance into Southeast Asia
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Asset Manager News
PGIM Real Estate Acquires An Italian Logistics Portfolio
PGIM Real Estate has acquired a logistics portfolio in Italy, on behalf of an institutional investor as part of their European Core/Core Plus investment program; the portfolio consists of three warehouse properties located in greater Rome and Northern Italy.
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Asset Manager News
PGIM Real Estate Makes First UK Acquisition For European Core Strategy
PGIM Real Estate has made its first acquisition in the UK on behalf of the investors in its European core strategy. PGIM Real Estate is the real estate investment and financing business of PGIM, the US $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). The residential property that has been acquired, known as “Centre Square”, consists of 123 multifamily rental units, situated on a central site in High Wycombe, Buckinghamshire.
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Asset Manager News
PATRIZIA buys 4 Madrid logistics assets under development for EUR 50m
PATRIZIA AG, a leading partner for global real assets, has forward purchased the development of four logistic warehouses on behalf of its institutional investors for EUR 50 million at a logistics park located in Valdemoro, within the greater Madrid area. The construction of the 65,800 sq m development is expected to be completed by 2022.
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Asset Manager News
M7 sells €11 million of assets across the Netherlands for EREIP IV
M7 Real Estate (“M7”), the pan European investor and asset manager, announces the sale of five office buildings and one retail property in the Netherlands, on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”), in four separate transactions for a total of €11 million.
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Asset Manager News
Deka Immobilien invests in Munich
Deka Immobilien has acquired two office buildings in the “Weißes Quartier” complex in Munich. The seller is InfraRed Capital Partners, London, together with Allgemeine Südboden, Munich. Building 1 is intended for the open-ended real estate fund WestInvest ImmoValue, which is aimed at institutional investors. Building 2 will be added to the portfolio of the institutional real estate fund Domus-Deutschland-Fonds Nr. 2. The parties agreed not to disclose the purchase price.
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Asset Manager News
GLP and CATL Announce Joint Venture to Expand New Energy Applications Aimed at Advancing Sustainability in Logistics and Transportation
Combined strengths from both companies to expand new energy initiatives in logistics and transportation through asset-as-a-service model
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Asset Manager News
PGIM Real Estate Acquires 30-Property US Industrial Portfolio
On behalf of its U.S. core real estate strategy, PGIM Real Estate has acquired a 30-property industrial portfolio totaling 5.4 million square feet in partnership with Perlmutter Investment Company’s IAC Properties. PGIM Real Estate acquired the portfolio valued at approximately $700 million by recapitalizing an interest in the existing joint venture structure. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
International Highrise Award 2020: Finalists have been determined
The finalists of this year’s International Highrise Award (IHA) have been determined. The jury selected five buildings, three from Europe and two from Asia, from a total of 31 nominated high-rise buildings from 14 countries.
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Asset Manager News
Launching new carbon-disclosure standards for UK finance
The Partnership for Carbon Accounting Financials (PCAF) launched its UK chapter this week. The coalition was initiated and chaired by the international business of Federated Hermes and aims to promote the measurement and disclosure of carbon emissions in the financial sector.
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Asset Manager News
Looking for hidden ESG gems: a new frontier for responsible investing with “improvers”
The ongoing Covid-19 crisis and the resulting market turmoil have confirmed a pre-existing trend within equity investing: the increasing relevance of integrating ESG criteria and sustainability into the investment decision. We believe doing so will add value both in terms of being able to deliver better risk-adjusted return, but also in terms of helping to put focus on - and ultimately improve - important ESG parameters for companies and society.
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Asset Manager News
GLP Announces 56 Percent Increase in Solar Power Capacity in 2020 and Other ESG Initiatives
Opens largest solar powered logistics facility in Brazil
Increases global rooftop solar panels to 1.5 million sqm
Global sustainable building certifications rise to 203 -
Asset Manager News
M7 sells long let healthcare investment
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has completed the sale of a 28,638 sq. ft property in Nottingham’s retail district on behalf of M7 Real Estate Investment Partners III (“M7 REIP III” or the “Fund”).
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Asset Manager News
GLP Announces Completion Of First Ever Development Verified As Net Zero Carbon For Construction In Line With The UKGBC Framework
GLP, investor and developer of logistics warehouses and distribution parks, today announces that it has delivered the first net zero carbon development to be officially verified as Net Zero carbon for construction in line with the UKGBC Net Zero Carbon Buildings Framework Definition.
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Asset Manager News
Coronavirus: what now for economies and markets?
It’s been a tumultuous time for investors everywhere. Momentum is the key when looking at future prospects for stock markets and employment prospects across the continent