Manager News – Page 18
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Asset Manager NewsPATRIZIA GrundInvest retail funds pay out an average of 4.4 percent to investors
PATRIZIA announces a better-than-forecast round of distributions, despite two years of the Covid pandemic, for private and (semi-)professional investors.
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Asset Manager NewsPrimonial 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 NewsGarbe And Union Investment Acquire Logistics Turnkey Development In Rotterdam Harbour For CA €85 Million
GARBE Industrial Real Estate and Union Investment have acquired a 39,300 sqm logistics turnkey development at Rotterdam Pernis, in an off-market forward-commitment transaction from Dudok Real Estate.
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Asset Manager NewsIFM GIF has increased its stake in Flughafen Wien Aktiengesellschaft
Airports Group Europe S.à r.l. (“Airports Group Europe”), an indirect subsidiary of IFM Global Infrastructure Fund (“IFM GIF”), has acquired additional shares in Vienna Airport (Flughafen Wien Aktiengesellschaft) through on-market share purchases.
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Asset Manager NewsHeitman Continues Expansion of Space Station Self-Storage Platform, More Acquisitions Planned
Heitman LLC (“Heitman”), a global real estate investment management firm, has announced the closings of three new sites across the UK that will be developed or converted into self-storage facilities as part of the Space Station platform.
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Asset Manager News22@ - a test ground for the digital world
If you were a graffiti fan and found yourself in Barcelona in the 1990s, then the place to head was El Poblenou. Once a thriving industrial district in the 19th century, Poblenou was the ideal canvas for spray-can artists. Between 1970 and 1990, some 1300 firms closed, leaving the area littered with abandoned buildings.
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Asset Manager NewsPATRIZIA makes strategic residential investment in Nordics for c. EUR 350m, propelling Living Cities strategy towards EUR 2bn AUM
PATRIZIA has made a strategic, landmark acquisition in Sweden by investing c. EUR 350m in a premium Stockholm residential portfolio through the pan-European open- ended residential strategy, Living Cities.
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Asset Manager NewsInland Acquires 2 Phoenix BTR Communities for $186M
Inland Real Estate Acquisitions is expanding its presence in the Phoenix build-to-rent sector with its two latest acquisitions. The company acquired TerraLane at Canyon Trails for $119.7 million and TerraLane at South Mountain for $66.2 million from RSI Holding LLC. Northmarq’s Trevor Koskovich, Bill Hahn, Jesse Hudson and Ryan Boyle brokered the transaction.
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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 NewsInvesco launches European real estate debt fund
Invesco Real Estate has launched its first European real estate debt fund with a plan to raise an initial €lbn.
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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 NewsEdmond 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 NewsOver 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 NewsPGIM 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 NewsSC Capital Partners sells China industrial/logistics portfolio
SC Capital Partners Group, the Singapore-headquartered private equity real estate firm, has announced the sale of a portfolio of China industrial and logistics assets to a global institutional investment manager, on behalf of its latest closed-end opportunistic fund, Real Estate Capital Asia Partners V (RECAP V). This portfolio sale significantly outperformed RECAP V’s target return of 20% Gross IRR.
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Asset Manager NewsNuveen 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 NewsCharter 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 NewsKGAL 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 NewsEdmond 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 NewsPGIM 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.
