Manager News
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Asset Manager NewsInternational High-Rise Award 2022/23: 34 High-Rise Projects Nominated Globally
The buildings nominated for the International High-Rise Award 2022/23 have now been announced. Deutsches Architekturmuseum (DAM) has selected them from more than 1,000 new high-rises worldwide dating from the past two years. In autumn, the five finalists will be announced. Then, on November 8, 2022, the winner of the International High-Rise Award will be presented in the Paulskirche (St. Paul’s Church) in Frankfurt/Main.
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Asset Manager News
Charter Hall secures 50% of Southern Cross Towers, Melbourne
Charter Hall Group (Charter Hall or the Group) is pleased to announce the Charter Hall Prime Office Fund (CPOF or the Fund) has acquired 50 per cent of the landmark Southern Cross Towers precinct in the prestigious “Paris End” of Melbourne’s CBD, from Brookfield and Blackstone.
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Asset Manager News
KGAL sells Deutsche Telekom’s global headquarters on behalf of South Korean institutional investors
Grünwald, 20/07/2022 – KGAL GmbH & Co. KG successfully sold Deutsche Telekom’s 81,000 sqm (approximately) global headquarters, located in Bonn. The company acted both as part owner of the property and as transaction advisor to the majority owners, several South Korean institutional investors. The modern headquarters in Bonn’s federal ...
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Asset Manager News
DekaBank and Bpifrance arrange the acquisition financing for Tour La Marseillaise
DekaBank, as Agent and Arranger, and Bpifrance are providing a green financing - according to the LMA ́s Green Loan Principles - to the retail funds SCPI PFO, PFO2 and SCI PERIAL Euro Carbone, managed by Perial Asset Management. The loan is structured with a 5-year term and a bullet profile.
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Asset Manager News
DekaBank finances last-mile logistics in Nuremberg
DekaBank has provided a €44.5M senior loan secured against a last-mile logistics property in Nuremberg, which was acquired by two German institutional investors, advised by investment and asset manager LUWIN Real Estate in an off-market deal from May & Co.
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Asset Manager News
FREO Group completes sale of Paris suburb office
London, England, 23 May 2022 – FREO Group (‘FREO’), the trusted operating partner of global investors, has completed the sale of 22 QG, a seven-floor, 10,000 sq m office building in Suresnes to ATLAND, one of France’s leading SPCIs.
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Asset Manager News
Fine Grain completes sale and leaseback deal with AXA Partners at Westpark Innovation Campus
Fine Grain Property has acquired Building 7000 on Shannon’s Westpark Innovation Campus from global company AXA Partners
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Asset Manager News
Primonial REIM continues its development in Italy through the acquisition of a best-in-class rehabilitation center and nursing home
Primonial REIM Italy announces the acquisition of part of the Centro Osmairm, a center of excellence for rehabilitation, offering also nursing home beds, located in Laterza in the province of Taranto in southern Italy. This acquisition was carried out on behalf of the SCPI Primovie, a retail investors fund managed by Primonial REIM France.
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Asset Manager News
Primonial REIM Germany successfully carries out a healthcare real estate transaction on behalf of Primovie, a retail investor fund managed by Primonial REIM France
Primonial REIM Germany today announces that it has acquired Futura III, a seven-asset portfolio in Germany dedicated to assisted living. The seller is Senioren-Wohnen Holding from which an acquisition of a first portfolio was already made in 2019 (Futura I portfolio)
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Asset Manager News
Hines Gains Major Foothold In Otay Mesa Industrial Market On Behalf Of Hines U.S. Property Partners Fund
(SAN DIEGO) – Hines, the global real estate firm, today announced that it has acquired a 232,000-square-foot industrial portfolio consisting of two Class-A industrial buildings in San Diego, on behalf of Hines U.S. Property Partners Fund (“HUSPP” or the “Fund”), the firm’s flagship commingled U.S. core plus fund. The seller of the portfolio is Murphy Development Company. This acquisition offers a strategic opportunity to acquire an at-scale Class A industrial portfolio in San Diego’s largest industrial submarket.
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Asset Manager News
Hines Expands Midwest Industrial Platform
(CHICAGO) – Hines, the global real estate firm, announced the expansion of its Midwest industrial team with the appointment of John “Fordy” Gates as director. In his new role, Gates will focus on industrial investment opportunities in the Central U.S. market to meet the growing demand.
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Asset Manager News
Edmond de Rothschild REIM steps in the German residential sector with Fundament Advisory through a joint venture
As part of the Edmond de Rothschild REIM platform, Fundament will target all residential asset classes in Germany for hold, privatization, assisted living, mixed-use and modern co-living strategies ranging from core to opportunistic risk-return profiles. The JV will service both partners’ trusted relationships with private and institutional investors and will enlarge the geographical coverage of Edmond de Rothschild REIM’s residential strategies, which currently cover Switzerland and the United Kingdom.
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Asset Manager News
Over 99% of PATRIZIA shareholders approved conversion to SE legal structure – established new leadership team to accelerate growth momentum
PATRIZIA AG held its virtual Annual General Meeting today.
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Asset Manager News
PGIM Real Estate enters new joint venture in UK hotels
PGIM Real Estate, on behalf of a value-add investment strategy, has entered into a joint venture with Madison Cairn, a newly formed division of Cairn Group, to target the recovering UK hotel sector. PGIM Real Estate is the US$209.3 billion real estate business of PGIM. Cairn is an integrated investor, developer and operator in UK leisure, with a portfolio of 33 hotels and a 50-year track record in the industry.
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Asset Manager News
Nuveen Real Estate launches its first pan-European debt strategy
Nuveen Real Estate, one of the largest investment managers in the world, has completed the first close of its fourth debt strategy in the European commercial real estate debt series, having secured c. €150 million in initial commitments.
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Asset Manager News
Charter Hall’s sustainable finance activity jumps to $2.4 billion
Charter Hall Group (Charter Hall or the Group) is pleased to announce a further $1 billion in sustainability-linked loans, lifting total sustainable finance transactions across the Group to $2.4 billion, up from $1.4 billion at 31 December 2021.
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Asset Manager News
KGAL acquires majority stake in Italian solar and wind developer for impact fund KGAL ESPF 5
Grünwald, 19/05/2022 – The established developer controls an excellent pipeline with a total capacity of more than 300 megawatts. Together with its Italian partner, KGAL will complete the pipeline projects and operate these as an independent power producer (IPP). Only a few months after the first closing, this is already the fourth transaction for KGAL ESPF 5 – and further investments are imminent.
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Asset Manager News
Edmond de Rothschild REIM finances repositioning of the Londra Hotel in Florence
Edmond de Rothschild REIM, through the Edmond de Rothschild European High Yield I Real Estate Debt Fund and a separate fund dedicated to a German insurance group, has provided €28.3 million whole loan financing to refinance and refurbish the Londra Hotel in the centre of Florence.
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Asset Manager News
PGIM Real Estate strengthens commitment to the Netherlands with senior hire
PGIM Real Estate has appointed Hanneke Veringa as the lead for Business Development in the Netherlands. Veringa reports to Faris Mansour, Head of EMEA Business Development, effective April 2022. Veringa will be based in the Amsterdam office, once the necessary branch authorization has been obtained. PGIM Real Estate is the US$209.3 billion real estate business of PGIM.
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Asset Manager News
Deka Immobilien invests in logistics project in France
Deka Immobilien has exchanged contracts to secure the purchase of a new building project in the Paris metropolitan region of Île-de-France for EUR 160 million. The seller is Gemfi, the development arm of the French real estate company Gicram Groupe. The e-commerce fulfilment centre will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienEuropa.
