Manager News – Page 23
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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.
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Asset Manager NewsDeka 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.
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Asset Manager NewsPATRIZIA 3M 2022 financial results: Solid financial performance and continued AUM growth – FY 2022 guidance adjusted
PATRIZIA AG published its 3M 2022 interim statement today
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Asset Manager NewsNuveen Real Estate Launches Global Impact Investing Sector Focused on Community Revitalization, Resident Well-Being
Nuveen Real Estate today announced the launch of a comprehensive global impact investing sector that will focus on building the vitality and sustainability of entire communities by enriching the lives of their residents. Nadir Settles will serve as Global Head of Impact Investing and Pamela West as Senior Portfolio Manager, Impact Investing. Nuveen Real Estate is one of the world’s largest real estate investment managers with more than $152 billion of assets under management.
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Asset Manager NewsPGIM Real Estate finances record $22B in loans globally in 2021
NEWARK, N.J., May 5, 2022 – Low interest rates, investors’ ongoing search for yield, and strong acquisitions activity continue to create a supportive environment for real estate financing and alternative lenders across the globe, contributing to a record $22.38 billion in worldwide originations last year for PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of U.S.-based Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsPGIM Real Estate finances record $22B in loans globally in 2021
Low interest rates, investors’ ongoing search for yield, and strong acquisitions activity continue to create a supportive environment for real estate financing and alternative lenders across the globe, contributing to a record $22.38 billion in worldwide originations last year for PGIM Real Estate, the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of U.S.-based Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsIPUT to plant over 40 hectares of native woodland in Cork to support achievement of net zero carbon
IPUT launches 2021 Responsibility Report detailing plans to decarbonise the built environment and achieve net zero carbon by 2030 IPUT’s net zero strategy is built around emissions reduction but investments in carbon offsets will support achievement of targets IPUT is partnering with a local landowner in Co Cork to ...
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Asset Manager NewsBentallGreenOak Earns 2022 Energy Star® Partner of the Year – Sustained Excellence Award for 12th Consecutive Year
BentallGreenOak is proud to announce that it has received the 2022 ENERGY STAR Partner of the Year – Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy. This year marks the 12th consecutive year BentallGreenOak has been recognized for responsible investing. “Partner of the Year” is the highest level of EPA recognition, demonstrating the company’s long-term commitment to fighting climate change through energy efficiency.
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Asset Manager NewsGenerali Real Estate acquires the 1 0 t r a l building in Frankfurt from OFB
Milan – Generali Real Estate has signed the agreement to acquire from OFB Projektentwicklung (OFB) the 1 0 t r a l (in German: ‘zehntral’) building in Frankfurt’s city centre as part of a forward deal. The building will be acquired on behalf of the panEuropean fund Generali Europe Income Holding (GEIH), managed by Generali Real Estate S.p.A Società di gestione del risparmio.
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Asset Manager NewsGenerali Real Estate completes the acquisition of the Step Up building in Barcelona 22@ district
Milan – Generali Real Estate has completed the acquisition of the Step Up office building in Barcelona, from CODIC Group. The building has been acquired on behalf of the panEuropean fund Generali Europe Income Holding (GEIH), managed by Generali Real Estate S.p.A Società di gestione del risparmio.
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Asset Manager NewsIPUT plans to double logistics portfolio with acquisition of 118 acres in north Dublin
Acquisition of 118 acres of land at Killamonan, Cherryhound Interchange in north Dublin Site is adjacent to 64-acre Cherryhound site acquired in 2021 where IPUT intends to seek planning to develop Nexus Distribution Park Combined sites will enable the development of up to 2.4 million sq ft of logistics ...
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Asset Manager Newsa.s.r. purchases Pesse solar panel farm from GroenLeven
a.s.r. has purchased the newly realised solar panel farm in Pesse from GroenLeven. The solar park in Drenthe with over 60,000 panels has a capacity of 32.6 megawatts and meets the electricity needs of approximately 11,500 households.
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Asset Manager NewsHigh-quality senior living a resilient investment underpinned by long-term demand
Recently, Reno Sio, Institutional Real Estate, In’s managing director, Asia Pacific, spoke with Andrew Heithersay, managing director and partner of SC Capital Partners, and Tim Russell, director and co-founder of Aura Holdings. Following is an excerpt of that conversation.
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Asset Manager NewsMexico Industrial FIBRA Managed by PGIM Real Estate Announces the Development of Three Industrial Class A Properties
Mexico City, April 25, 2022 – A leading Mexican industrial real estate investment trust (“FIBRA”), externally managed by PGIM Real Estate and dedicated to the acquisition, development, lease and management of industrial real estate properties in Mexico, announced the development of three industrial class A properties which will add 800,000 square feet to its portfolio.
