Manager News – Page 2
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Asset Manager News
Partners Group to acquire a EUR 260 million portfolio of prime residential properties in Milan
Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, has agreed to acquire a portfolio of prime residential properties in Milan (“the Portfolio”), from Fondo Pensione Cariplo. The Portfolio has a Gross Asset Value (“GAV”) of over EUR 260 million, including a significant CAPEX program.
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Asset Manager News
PtX Development Fund by KfW and KGAL makes first contribution to Egyptian hydrogen project
The PtX Development Fund for the promotion of hydrogen projects in developing and emerging economies has approved its first grant: Egypt Green Hydrogen (EGH) will receive €30 million for a hydrogen project in the Suez Canal Economic Zone (SCZone), the largest industrial cluster in Egypt. Prior to this, KGAL Investment Management GmbH & Co KG, the fund manager mandated by KfW, had intensively reviewed a total of 98 applications from seven countries.
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Asset Manager News
Edmond De Rothschild REIM Completes Build-To-Rent Developments In Warrington And Birmingham For Residential Platform
Edmond de Rothschild Real Estate Investment Management (REIM) has added 765 units to its UK residential investment platform with phased completions of major build-to-rent developments in Warrington and Birmingham. In Warrington, opposite Warrington Central railway station, The Steelworks development provides 359 apartments for rent arranged around two large, landscaped courtyards. It features a sky lounge, work-from-home space, private hire kitchen and dining area.
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Asset Manager News
EDF Invest and Generali Real Estate announce coinvestment program in logistics
EDF Invest, the investment arm of the EDF Group and Generali Real Estate S.p.A. announce the signature of a co-investment agreement whereby EDF Invest acquires from Generali France 50% of the vehicle OPPCI Parcolog Invest. The other 50% of the vehicle continues to be owned by the Generali Group mainly through the Generali Real Estate Logistic Fund (GRELF) managed by Generali Real Estate SGR S.p.A
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Asset Manager News
Hines Launches The SQ Collection - A Global Network Of Diverse Space Solutions
Clients Have Exclusive Access to On-Demand Office, Collaboration and Event Spaces
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Asset Manager News
Ontario Teachers’ Pension Plan and Hines acquire Build-to-Rent portfolio in Australia
Transaction provides geographic diversification and exposure to a key and growing market for multi-family assets
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Asset Manager News
KGAL ESPF 5 acquires wind farm in south-west Germany
Leading independent investment and asset manager KGAL is pleased to announce that its renewable energy fund KGAL ESPF 5 has successfully bid for three wind turbines from BayWa r.e. The wind farm, located in Reichenbach, Rhineland-Palatinate, has a total capacity of 18.6 megawatts (MW) and is nearing completion. KGAL is planning further acquisitions in Germany and the Czech Republic for its impact fund, which will have its final close in October 2024.
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Asset Manager News
Stockholm newly built residential property divested to Willhem
A fund managed by Slättö has divested a newly constructed residential property in Stockholm to Willhem. The asset comprises 232 newly built apartments in Vega, Haninge, with a property value of SEK 618 million.
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Asset Manager News
Hines Named in U.S. News & World Report’s 2024-2025 Best Companies To Work For
Hines, a leading global real estate investment manager, has been recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For – Real Estate.
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Asset Manager News
KGAL ESPF 6 participates in the development of one of Europe’s most important hydrogen hubs
Leading independent investment and asset manager KGAL announces that the KGAL ESPF 6 Energy Transition Fund is investing in a green hydrogen project at Lubmin, a Baltic Sea port in Mecklenburg-Western Pomerania, with a total capacity of up to 1,050 megawatts. This project is part of Germany’s largest planned centre for the production and import of green hydrogen, with Europe-wide significance.
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Asset Manager News
Hines Acquires 298-Bed Purpose-Built Student Accommodation Asset in Dublin
Hines, the global real estate investor, developer and manager has acquired ‘Scape Dublin’, a purpose-built student accommodation (PBSA) asset located in the heart of Dublin 2 on behalf of the firm’s Core Plus fund, Hines European Property Partners (HEPP).
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Asset Manager News
Hines Opens World-Class European Headquarters in Covent Garden
Once a 19th Century Seed Warehouse, Grainhouse Has Been Transformed to Create a New European Headquarters for Hines in the Heart of London, Comprising Next-Generation Office and Retail Space
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Asset Manager News
DeA Capital Real Estate Launches a New Logistic Fund First Investment In The Novara Province
DeA Capital Real Estate SGR, in partnership with Palm Capital, has established a new Closed-End Real Estate Alternative Investment Fund, fully subscribed by international investors specialised in long-term real estate investments, with the objective of investing significant amounts of capital in the logistics sector in Italy by purchasing both existing properties and properties to be developed.
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Asset Manager News
Hines And Simon® Break Ground On Multifamily Project In Ann Arbor, Michigan
Environmentally Conscious Development Adjacent to Briarwood Mall to be Key Component of Vibrant New Mixed-Use Destination
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Asset Manager News
KGAL ESPF 5 completes acquisition of a solar park cluster in Saxony-Anhalt with a total capacity of 120 megawatts
The renewable energy fund KGAL ESPF 5 is investing in two further solar parks near Magdeburg, Calvörde West and Grauingen. The two plants complement the Calvörde Ost solar park acquired at the beginning of 2023, which will soon go into operation. The Calvörde cluster has a total capacity of 120 megawatts. KGAL has already secured attractive long-term feed-in tariffs for the majority of the capacity.
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Asset Manager News
Actis invests in world’s largest integrated renewables and energy storage project in the Philippines
Actis, a leading global investor in sustainable infrastructure, has agreed to enter a strategic partnership with Manila Electric Company (Meralco) and its subsidiary, Solar Philippines New Energy Corporation, to invest in the Terra Solar Project, poised to be the world’s largest integrated renewables and energy storage project.
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Asset Manager News
The Devon in Hyattsville Launches Leasing
Luxury Apartments at Transit-Oriented Community Elevate Urban-Suburban Living
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Asset Manager News
Actis JV with Mahindra Lifespaces, Ample Parks, launches and makes first acquisition
Actis, a leading global investor in sustainable infrastructure, and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, have formally launched joint venture Ample Parks, an Indian industrial and logistics real estate developer and operator.
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Asset Manager News
ASR Dutch Core Residential Fund wins Best BREEAM In-Use Residential Building
The ASR Dutch Core Residential Fund has won the award for Best BREEAM In-Use Residential Building at the BREEAM Awards 2024. The residential fund of a.s.r. real estate won the award for the sustainable transformation of 31 single-family houses in Huizen. Marsha Sinninghe, senior fund manager of the ASR Dutch Core Residential Fund, accepted the award last night in London on behalf of a.s.r. real estate’s residential fund.
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Asset Manager News
a.s.r. real estate launches renewable energy fund
On 1 July 2024, a.s.r. real estate launched the ASR Dutch Green Energy Fund I. The fund has a current size of approximately EUR 400 million and an ambition to grow to EUR 800 million and invests mainly in solar and wind farms in the Netherlands. The fund also offers the possibility to invest in batteries for energy storage. In this way, a.s.r. real estate wants to contribute to the energy transition.