Manager News – Page 10
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Asset Manager NewsPATRIZIA 9M 2023 results: Resilient AUM and solid third quarter performance
PATRIZIA, a leading partner for global real assets, today published its 9M 2023 financial results. While PATRIZIA’s operating business continued to be impacted by an environment of continued market uncertainty, high inflation and rising financing costs, the third quarter showed a solid performance driven by operating successes while being supported by other operating income.
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Asset Manager NewsHotel Indigo makes its debut in Sydney
Pro-invest Group and IHG Hotels & Resorts open doors to Hotel Indigo Sydney Potts Point, the brand’s newest neighbourhood
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Asset Manager NewsKGAL sells stake in Finnish wind farm to Ardian
KGAL Investment Management and Access Capital Partners have jointly sold the Finnish wind farm Honkajoki to the Ardian Clean Energy Evergreen Fund.
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Asset Manager NewsBrent Cross Town starts construction on second Build-to-Rent building with appointment of main contractor and securing of £97m Green Loan
Six buildings now underway at Brent Cross Town, one of the UK’s largest net zero developments including over 500 build-to-rent homes
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Asset Manager NewsWith good revenues and optimism: Hospitality defies the crisis
The hospitality industry is also functioning in the crisis. Expectations for business remain high, as well as for increasing revenues.
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Asset Manager NewsGLP Capital Partners China closes RMB 3.6 billion income fund
Fund seeded with a Beijing office building from GLP’s balance sheet
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Asset Manager NewsVantage Data Centers Completes €2.5 Billion Investment Partnership with Investor Consortium to Accelerate Growth in EMEA
Investment Partnership will enable Vantage to deploy additional capital to continue expanding its EMEA platform, delivering high-quality hyperscale data center campuses
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Asset Manager NewsInfranity finances Coriance group and supports the expansion of its district heating networks and decarbonized heat ambitions.
Infranity, a leading infrastructure investor in clean energy, is pleased to announce its exclusive investment in the Midco financing of Coriance group, a prominent provider of urban heating and cooling networks in France, in the context of its takeover by Vauban Infrastructure Partners and Caisse des Dépôts et Consignation.
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Asset Manager NewsKGAL wins internationally tendered mandate to manage KfW’s PtX Development Fund for the promotion of green hydrogen
The broad expertise and strategic concept tipped the scales in the tender: KGAL has been commissioned to manage the PtX Development Fund on behalf of German KfW Bankengruppe, one of the world’s leading promotional banks. This fund promotes green hydrogen projects in developing and emerging economies.
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Asset Manager NewsGARBE and Hamburg Commercial Bank Collaborate to Finance a Logistics Real Estate Portfolio Worth c. 100 Million Euros
GARBE Industrial Real Estate (“GARBE”), one of the leading specialists for logistics and industrial properties in Germany and elsewhere in Europe, just secured the portfolio financing of five fully occupied logistics properties in an amount of approximately 100 million euros.
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Asset Manager NewsInvesco Real Estate Sells Majestar in Seoul
Invesco Real Estate, the US$91.1 billion global real estate investment business of Invesco Ltd. (NYSE: IVZ), has sold the Seoul office property, Majestar City Tower B in the Gangnam Business District, known as one of Seoul’s major business districts and one of the best performing office markets in the city, to a REIT vehicle managed by Koramco for KRW 520bn (approximately US$385m)
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Asset Manager NewsIPUT appoints Maylim to Wilton Park
We are pleased to confirm the appointment of Maylim as the main contractor for the Wilton Park restoration works. Maylim has completed similar projects, including the King’s Cross Masterplan and Regent’s Place campus in London.
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Asset Manager NewsGCP achieves best performance to-date in 2023 GRESB Real Estate Assessment
19 real estate funds participated in the global ESG benchmark; collectively increasing scores YoY
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Asset Manager NewsKGAL and Edison sign power purchase agreement for 150 MW solar park in Italy
KGAL Investment Management has signed a 10-year power purchase agreement (PPA) with the Italian utility Edison for its “Tuscania” solar park, an asset held by the KGAL ESPF 4 fund.
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Asset Manager NewsHilton and Vista Hospitality Group partner to Bring the First Curio Collection by Hilton Property to Melbourne
255-key Next Hotel Melbourne to join Curio Collection by Hilton
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Asset Manager NewsGCP announces RMB 1.75 billion of new capital raised for China value-add strategies
These transactions are among the select few offshore China logistics sector fund closings in 2023
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Asset Manager NewsPATRIZIA closes debut investment for A-SIF with initial AUD 70 million Australian renewables deal
PATRIZIA and Mitsui have committed to invest up to AUD 70 million in a major solar and battery development programme in Australia through the APAC Sustainable Infrastructure Fund (A-SIF).
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Asset Manager NewsNew Green Hydrogen fund KGAL ESPF 6 invests in Arcadia eFuels climate-neutral e-kerosene production facility
Following its first close, the new Article 9 impact fund KGAL ESPF 6 invests in Arcadia eFuels hydrogen-based production facility in Vordingborg, Denmark.
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Asset Manager NewsSenior Partner and Chief Investment Officer, Erik Dansbo, in the Swedish business weekly Affärsvärlden
Erik shares his insights on the Nordic real estate market and key takeaways for investors.
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Asset Manager NewsEurope remains #1 destination for investors seeking cross-border diversification in a continued challenging market environment
According to PATRIZIA’s Residential Market Report 2023, Europe is still the top global destination for diversifying through cross-border investment
