Latest manager news – Page 38
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Asset Manager NewsDeka 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 NewsGLP 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 NewsPGIM 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 NewsInternational 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 NewsLaunching 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 NewsHines Leases 105,000 Square Feet At First Tower
Hines, the international real estate firm, announced today the signing of two leases with Symend and Userful at First Tower in Calgary, Alberta, Canada for a total of 105,000 square feet.
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Asset Manager NewsIPUT signs Microsoft for 44,000 sq. ft. at No. 3 Dublin Landings
IPUT Real Estate (‘IPUT’), has let 44,000 sq. ft. at No. 3 Dublin Landings to Microsoft on a 10-year lease.
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Asset Manager News90% Of Investors Return For Invesco Real Estate’s Second Pan-European Value-Add Fund
· Third close for Invesco Real Estate’s second fund in pan-European Value-Add series
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Asset Manager NewsGreen News & Views : UN PRI 2020 Assessments – Promoting transparency in the real asset industry
In 2020, we again ranked top-tier for sustainability in the UN-backed Principles for Responsible Investment (PRI). For the fourth consecutive year we maintained our A+ rating across both the Property and Infrastructure modules
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Asset Manager NewsLooking 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 NewsHines Signs 67,700 Square Feet In Office Lease Renewals At 600 Travis
Hines, the international real estate firm, along with an affiliate of Cerberus Capital Management, L.P (Cerberus) announced today the execution of two new lease renewals at 600 Travis Street in downtown Houston. The two closed deals include a 45,125-square-foot renewal of Indigo Natural Resources LLC and a 22,575-square-foot renewal of Momentum Midstream. Collectively, both energy-based tenants occupy space on floors 55-57 of the 75-story office building.
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Asset Manager News90 Percent Of The Largest Dutch Residential Development In Amsterdam Leased Out
Greystar, global leader in the investment, development and management of high-quality rental housing properties, leased 90% of all of the 955 fully furnished rental apartments in East House, the first building section completed of OurDomain Amsterdam South East. Half of this is leased to students currently moving in right before the start of the academic year. The other half is let to young professionals. OurDomain Amsterdam South East is located right next to Holendrecht train station opposite the Amsterdam UMC
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Asset Manager NewsGLP 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 NewsHines Global Income Trust Acquires The Advanced Manufacturing Portfolio
Hines, the international real estate firm, announced today that Hines Global Income Trust, Inc. (“Hines Global”) has acquired the Advanced Manufacturing Portfolio (“AMP”), a 417,000-square-foot industrial and manufacturing campus, in Santa Clara, California.
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Asset Manager NewsDeka Immobilien sells office building in France
Deka Immobilien has sold a Paris office property to BNP Paribas REIM, France. The property came from the open-ended real estate mutual fund Deka-ImmobilienEuropa, which bought it at the end of 2012. The parties agreed not to disclose the sale price.
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Asset Manager NewsM7 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 NewsGLP 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 NewsInternational Highrise Award 2020: 31 High-Rise Projects Nominated Worldwide
The buildings nominated for the International Highrise Award (IHP) 2020 have now been selected: Deutsches Architekturmuseum (DAM) has chosen them from over 1,000 new high-rise buildings construed over the past two years worldwide. The five shortlisted finalists from this group will be announced in September. The winner of the International Highrise Award will be presented on October 29, 2020 in the Paulskirche in Frankfurt/Main.
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Asset Manager NewsOrchard Street completes acquisition of prime Portsmouth industrial estate for £19 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of Merlin Park in Portsmouth for £19.0 million, representing a net initial yield of 4.50%. The acquisition was made on behalf of a pension fund client from British Airways Pension Fund
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Asset Manager NewsSurvey of investors: Coronavirus crisis causing significant changes in investment strategies
The coronavirus crisis has led to a significant shift in the investment strategies of institutional real estate investors. “Lower risk, lower return” is the mantra of the moment. 58 per cent of the 150 professional investors in Germany, France and the UK surveyed by Union Investment for its investment climate study are currently pursuing such a strategy.
