Manager News – Page 27
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Asset Manager NewsEquinix and PGIM Real Estate Enter into a US$575 Million JV to Extend Hyperscale Data Center Program into Australia
REDWOOD CITY, Calif. – October 18, 2021 – Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial’s global asset management business, today announced an agreement to establish a US$575 million joint venture in the form of a limited liability partnership to develop and operate two xScale data centers in Sydney, Australia.
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Asset Manager NewsGLP Real Estate Strategies Score High in 2021 GRESB Assessment
GLP announced today another year of exceptional results in the 2021 Global Real Estate Sustainability Benchmark (“GRESB”) assessment, the leading global environmental social and governance (“ESG”) benchmark for real estate and infrastructure investments across the world.
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Asset Manager NewsGenerali Real Estate awarded three times by MSCI at the European Property Investment Awards 2020
At the annual MSCI UK and European Property Investment Awards, based on the 2020 performance, Generali Real Estate has been recognized as the winner in three categories:
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Asset Manager NewsKGAL acquires residential development project near Cologne
KGAL Investment Management GmbH & Co. KG has acquired part of the residential complex “Rheintal Quartier” in Wesseling for its new fund KGAL Wohnen Core 3. The section acquired totals 6,218 square metres of rental area and will comprise 101 residential units across four buildings. Completion is scheduled for the fourth quarter of 2023. The seller was weisenburger projekt GmbH.
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Asset Manager NewsGLP’s Hidden Hill Capital and YKC Clean Energy Technologies Launch RMB Fund to Advance ‐ Smart EV Charging Infrastructure in China
Today, Hidden Hill Capital (“Hidden Hill”), a private equity platform of GLP China, announced the launch and first close of an RMB fund with YKC Clean Energy Technologies (“YKC Charging”), China’s leading renewable energy SaaS provider, to invest in smart electric vehicle (“EV”) charging infrastructure in China.
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Asset Manager NewsManchester’s Bauhaus becomes UK’s first refurbished building to be awarded WELL Gold status
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that its Bauhaus Office scheme, located between Manchester’s Spinngfields and St. John’s districts , has achieved a WELL Gold accreditation by sustainability and wellness certifier, the International WELL Building Institute (IWBI). The certification makes Bauhaus the only refurbished building in the UK to have received the accreditation, and just one of only three UK buildings in total, following its comprehensive upgrade by Orchard Street.
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Asset Manager NewsOrchard Street signs three tenants in quick succession at prime Farringdon office scheme
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed three further lettings at its newly refurbished 75 Farringdon Road office building in London’s Midtown, leasing c.11,000 sq ft of space and bringing the scheme to over 60% let.
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Asset Manager NewsBusaba makes Welsh debut with 4,000 sq ft letting at Orchard Street’s Brewery Quarter, Cardiff
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has signed a c.4,000 sq ft letting with Thai restaurant chain Busaba at the Brewery Quarter, one of Cardiff’s leading leisure destinations. The company has agreed to a 15-year lease across the ground and terrace floors of the property, which will be home to Busaba’s first restaurant in Wales.
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Asset Manager NewsOrchard Street receives planning approval to transform former Debenhams store into student-led mixed-use scheme
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has received planning permission from Leeds City Council to transform the former Debenhams store on Briggate, Leeds, into a new mixed-use asset.
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Asset Manager NewsOrchard Street accelerates timeline to meet ESG targets with launch of ambitious net zero carbon pathway
Firm is targeting becoming a net zero carbon business by 2040, ten years earlier than planned, as responsible investment approach gains momentum
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Asset Manager NewsGTIS Partners and Southern Land Company Complete Sale of Office Component of Rêve Boulder to Google
GTIS Partners (“GTIS”), a real assets investment firm that manages in excess of $4 billion in gross assets with a US focus on residential investments, and Southern Land Company (“SLC”), a national real estate developer of mixed-use developments and master-planned communities, completed the sale of the office component of Rêve Boulder, a mixed-use community located in a Qualified Opportunity Zone (QOZ) at 30th & Pearl Streets in Boulder, Colorado to Google.
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Asset Manager NewsPATRIZIA plans to relocate London HQ to landmark hClub building, leading the way in shaping the office of the future
PATRIZIA AG plans to relocate its London HQ from Knightsbridge to the hClub in the heart of London’s vibrant Borough of Camden and its Covent Garden district.
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Asset Manager NewsKGAL back in London: acquisition in West End
As conditions in the London commercial real estate market have become increasingly attractive for investors, KGAL Investment Management GmbH & Co. KG is investing in London again. The German asset manager has acquired the office building “101 St Martin’s Lane” in London’s West End for its fund KGAL Core 4. The seller is Legal & General Investment Management Limited. The building offers a total of approximately 47,600 square feet of leasable space.
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Asset Manager NewsBusiness Park Life is Sweet
“Occupiers are demanding more space for the sort of collaborative working that is best suited to face-to-face contact rather than virtual conversations.”
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Asset Manager NewsEdmond de Rothschild REIM promotes Ben Tijhuis to Head of Asset Management Benelux
Edmond de Rothschild Real Estate Investment Management has promoted Ben Tijhuis as the Head of Asset Management for its Benelux activities. In this newly created position, he will oversee the execution and development of asset management for all of Edmond de Rothschild’s REIM office and industrial mandates in the region.
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Asset Manager NewsM7 Real Estate sells mixed-use complex in Eindhoven to VB Groep for €4.4 million
M7 Real Estate has, on behalf of M7 Islay, sold the “Gare du Nord” mixed use office and industrial asset (www.garedunord-eindhoven.nl) located at Brussellaan 2 / Ukkelstraat 2 in Eindhoven to VB Groep for €4.4 million.
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Asset Manager NewsAntirion and Generali: co-investment agreement about the Tour Saint-Gobain in Paris
Generali Real Estate S.p.A. and the independent asset management company Antirion announce the signature of a co-investment agreement whereby Antirion acquires 50% of the shares of the vehicle owner of the Tour Saint-Gobain in Paris La Défense.
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Asset Manager NewsOffice specialist plans to invest EUR200m over three years
With a presence in Limerick, Shannon, Dublin, Cork, Athlone and Galway, Fine Grain’s CEO, Colin MacDonald, spoke to the Irish Examiner about the company’s plans for further commercial real estate investment acrose Ireland.
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Asset Manager NewsEdmond de Rothschild REIM acquires light-industrial asset in Oss, The Netherlands
Edmond de Rothschild Real Estate Investment Management has acquired a light-industrial/logistics asset in a sale and lease back transaction with Meubitrend. The asset is located at Grevelingenmeer 9 in Oss, The Netherlands. The asset is acquired for the Edmond de Rothschild Euro Industrial Real Estate Fund (EIREF).
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Asset Manager NewsHazelview Investments and Fitzrovia Announce Co-Development on Bloor & Dufferin
Redevelopment at Bloor & Dufferin to include diverse housing, new public park, community daycare, and best-in-class office and retail space
