Manager News – Page 29
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Asset Manager NewsDeka Immobilien acquires office and commercial building in Ireland
Deka Immobilien has acquired an office and commercial building in Dublin for EUR 25 million from British insurance company Aviva. The property will be added to the portfolio of the open-ended real estate fund, Deka- ImmobilienMetropolen.
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Asset Manager NewsGLP J-REIT Raises JPY 28 billion Through First Accelerated Global Offering to International and Domestic Investors
GLP J-REIT has successfully completed three public offerings over the last 12 months and achieved the highest external growth among logistics J-REITs
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Asset Manager NewsKGAL acquires Taborland retail park in Steyr, Austria
Prime asset offers 10,200 square meters of retail and restaurant space
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Asset Manager NewsGLP Closes BRL 5.2 Billion Brazil Development Fund
GLP BDP II is one of the largest ever logistics-focused funds in Latin America and will develop nine Class-A logistics parks in prime São Paulo submarkets
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Asset Manager NewsGenerali Real Estate acquires prime high street retail and office complex in Berlin
Generali Real Estate has completed the acquisition of a part of the prestigious Gloria retail and office building complex in Berlin, on behalf of the pan-European “Generali Core High Street Retail Fund” (GCHSR) fund managed by Generali Real Estate S.p.A SGR. The seller of the asset is CENTRUM Group, one of the leading high street developers in Germany.
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Asset Manager NewsGLP Closes RMB4.5 Billion China Income Fund III
GLP CIF III portfolio includes 11 stabilised industrial and logistics park assets catering to growing high-tech and innovation based manufacturing industries aligned with China’s economic growth initiatives.
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Asset Manager NewsEdmond de Rothschild REIM re-finances part of the District West complex in Amsterdam
Edmond de Rothschild REIM, via its European Real Estate Debt Fund and a fund dedicated to a German insurance group, has provided whole loan financing to refinance and refurbish two office properties at the District West complex located in Amsterdam-Sloterdijk, owned by Angelo Gordon and APF International.
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Asset Manager NewsNatixis Investment Managers International Completes First Investment in an Australian Windfarm Refinancing for Asahi Life
Natixis Investment Managers International has invested in the refinancing of a 317MW wind farm in South Australia on behalf of Asahi Life. The A$610m financing of the wind farm has been operational since 2017, carries an initial maturity of 22 years but amortizes over its life, resulting in a weighted-average life of 9.8 years. Over that time, Asahi will receive a coupon around 2% over the Australian short-term lending rate (BBSW) tat steps up over the life of the loan. The loan has no public rating, but is internally rated investment-grade by Natixis IM’s internal credit methodology.
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Asset Manager NewsOrchard Street completes 54,000 sq ft of new Dunstable industrial lettings, taking Nimbus Park to full occupancy
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed three new lettings totalling c.54,000 sq ft at Nimbus Park industrial estate in Dunstable, Bedfordshire, taking the prime warehouse facility to full occupancy. Nimbus Park, which was acquired by Orchard Street in 2018, is managed on behalf of St. James’s Place UK Plc.
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Asset Manager NewsM7 CEREF II acquires Terrapark office complex near Budapest, Hungary
M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces that it has acquired the office complex, Terrapark, in Budapest, Hungary, on behalf of M7 CEREF II (the “Fund”).
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Asset Manager NewsThe international business of Federated Hermes joins Net Zero Asset Managers initiative
The international business of Federated Hermes is among 41 new signatories, representing $6.8tn in assets, to join the Net Zero Asset Managers initiative.
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Asset Manager NewsFine Grain’s Colin MacDonald on Championing Ireland’s FDI Future
Fine Grain Property CEO, Colin MacDonald, spoke with thinkbusiness.ie about championing Ireland as a key location for multinational investment, what the next phase for business park development is, and how a return to work will likely centre on a blended approach that presents new design challenges for optimising the workspace.
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Asset Manager NewsGreen News & Views: What’s the ESG in private equity?
Over the last few years, the private equity industry has radically reassessed the importance and value of ESG to their businesses.
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Asset Manager NewsM7 CEREF II acquires last mile industrial asset near Poznan, Poland
M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces the acquisition of a last mile, multi-let industrial scheme near Poznan, Poland, on behalf of M7 CEREF II (the “Fund”).
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Asset Manager NewsGLP Closes in Excess of $1.8 billion in Japan
GLP JIF investor commitments more than doubled in less than a year and GLP JIP I restructured into a new long-term core vehicle
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Asset Manager NewsAareal Bank delivers first green loan
Germany’s Areal Bank has lent Australia-based Pro-invest Group € 25 million for the re-financing of its Holiday Inn Express Macquarie Park hotel in Sydney under its new “Green Finance Framework’.
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Asset Manager NewsEdmond de Rothschild REIM acquires industrial asset in Amsterdam
Amsterdam. Edmond de Rothschild REIM has purchased an industrial property through a sale and leaseback transaction with TIMTEX Transport. The property is located at Marifoonweg 2 in Amsterdam and was acquired for the Edmond de Rothschild Euro Industrial Real Estate Fund.
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Asset Manager NewsNuveen Real Estate acquires office in Paris, on behalf of its Cityhold Office Partnership
Nuveen Real Estate, one of the world’s largest real estate investment managers, has acquired an office on rue Jobbé Duval, Paris, on behalf of the Cityhold Office Partnership which it manages.
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Asset Manager NewsKGAL enters Spanish real estate market with the acquisition of Torre Esteve
High-quality, BREEAM-certified (“very good”), fully leased 19,400 sqm building in prime location
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Asset Manager News
COIMA establishes group holding company with target AUM of €10 billion
COIMA is a group that has been involved in sustainable real estate investment and development in Italy for over 40 years. In recent years we have developed and still manage 34 LEED-certified buildings, representing approximately 76% of our portfolio.
