Manager News – Page 26
-
Asset Manager News
GLP Launches $1.1 Billion Maiden Vietnam Logistics Development Fund
GLP announced today the establishment of GLP Vietnam Development Partners I (“GLP VDP I”) with an investment capacity of $1.1 billion. The fund has received commitments from a well-diversified investor group across Asia, Europe, North America and the Middle East representing pension funds, sovereign wealth funds and insurance companies.
-
Asset Manager News
Edmond de Rothschild REIM acquires industrial properties in Baden-Baden and Elmenhorst
Edmond de Rothschild Real Estate Investment Management (Edmond de Rothschild REIM) has acquired two commercial properties in Germany for its Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF).
-
Asset Manager News
PGIM Real Estate acquires logistics development in Poland
PGIM Real Estate has acquired a property in Legnica, Lower Silesia, on behalf of its closed European Value Partners II (EVP II) fund. PGIM Real Estate is the real estate investment business of PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).
-
Asset Manager News
Generali Real Estate acquires the “Weidt Park Corner” office building in Berlin from DWI Group
Generali Real Estate has completed the acquisition of the high-quality office building Weidt Park Corner in Berlin, on behalf of the pan-European fund Generali Europe Income Holding (GEIH) managed by Generali Real Estate S.p.A Società di gestione del risparmio. The seller of the asset is DWI Group, a renowned developer based in Hamburg.
-
Asset Manager News
Hines Joins the World’s Largest Green Building Network
Hines, the international real estate firm, has joined the UK Green Building Council (UKGBC), the world’s largest green building network, to continue its drive to accelerate the ESG agenda, across the built environment, further forward.
-
Asset Manager News
GTIS Partners Closes on Third Build-to-Rent Project in Phoenix MSA
GTIS Partners LP (“GTIS”), a real assets investment firm that manages in excess of $4 billion in gross assets with a focus on residential and industrial investments, today announced closing on Cotton Lane, a 13-acre site fully-approved for 144 build-to-rent units, located in Glendale, AZ.
-
Asset Manager News
AEW Acquires a Multifamily Portfolio in Japan
AEW Capital Management (“AEW”) announces the acquisition of a multifamily portfolio in Greater Tokyo. The acquisition is a forward purchase of a multifamily portfolio consisting of four, newly completed residential buildings, with a total of 177 residential units.
-
Asset Manager News
Edmond de Rothschild REIM finances property acquisition in Hamburg with mezzanine loan
Edmond de Rothschild REIM, through the Edmond de Rothschild European High Yield I Real Estate Debt Fund and a dedicated fund, has provided €50 million of mezzanine debt for the acquisition of an office complex in Hamburg by B&L Group.
-
Asset Manager News
KGAL acquires major residential portfolio in Leipzig
KGAL Investment Management GmbH & Co. KG has acquired a high-quality residential portfolio in Leipzig for its KGAL Wohnen Core 3 fund. The portfolio consists of 227 residential and 15 commercial units offering a total of approximately 22,900 square metres of rental space across four attractive locations in the city.
-
Asset Manager News
Union Investment sees strong growth in real estate business and expands investment universe
Backed by stable cash inflows, Union Investment significantly expanded its real estate business in 2021 while also strategically enhancing its successful property platform.
-
Asset Manager News
KGAL acquires 50 percent stake in renewable energy project developer GP JOULE Projects
KGAL Investment Management GmbH & Co. KG has acquired a 25 percent stake in GP JOULE Projects for each of its funds KGAL ESPF 4 and KGAL ESPF 5.
-
Asset Manager News
PGIM Real Estate raises €1.8bn for final close of PGIM Real Estate Capital VII
The seventh fund in PGIM Real Estate’s European flagship high yield debt fund series, PGIM Real Estate Capital VII (PRECap VII), has closed on €1.82 billion (£1.53bn/US$2.07bn), the largest European real estate debt fund closed in 20211 . PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
-
Asset Manager News
Hines Sells Parque Industrial Tecnologico IV in Guadalajara to Corporate Properties of the Americas
Hines, the international real estate firm, today announced the sale of its latest light industrial and logistics park in Guadalajara, Jalisco, Mexico, Parque Industrial Tecnológico IV (PIT IV) to Corporate Properties of the Americas (CPA).
-
Asset Manager News
Orchard Street completes acquisition of multi-let industrial estate in central Bristol for £30 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of City Business Park, a prime multi-let industrial estate in central Bristol for £30 million. The asset was acquired from LaSalle Investment Management on behalf of St James’s Place Property Unit Trust.
-
Asset Manager News
Hines Launches New Flagship Tactical Fund
Hines U.S. Property Recovery Fund with a total target of $1 billion, secures $590 million at first closing and undertakes two initial acquisitions
-
Asset Manager News
Hines Announces Second Logistics Development in South Korea
Multi-story logistics center to deliver both dry and cold storage to core distribution hub
-
Asset Manager News
PGIM Real Estate adds ESG lead for Europe and Asia Pacific
PGIM Real Estate has further strengthened its commitment to environmental, social and governance (ESG) investing, with the addition of Julie Townsend as ESG lead for Europe and Asia Pacific, based in London and effective immediately. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
-
Asset Manager News
Edmond de Rothschild REIM Acquires Modern Light-Industrial Asset In Etten-Leur
Edmond de Rothschild Real Estate Investment Management has acquired a modern light-industrial facility in Vossendonk, Etten-Leur, in the Netherlands.
-
Asset Manager News
Vattenfall to sell part of Princess Ariane wind farm to a.s.r.
Vattenfall is to sell part of Prinses Ariane wind farm in the Wieringermeer to a.s.r. As a result, a.s.r. will be the owner of 32 of the 82 turbines on the largest Dutch onshore wind farm.
-
Asset Manager News
Generali Real Estate acquires the “Métronome” building in Paris, alongside a French institutional investor
Generali Real Estate has completed, alongside a French institutional investor, the acquisition of Métronome, a prime office building in Paris, in the Rive Gauche area, from Oxford Properties.