Manager News – Page 32
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Asset Manager News
PGIM Real Estate commits to global net zero carbon operations
PGIM Real Estate has committed to reduce operational carbon emissions of its global portfolio of managed properties to net zero by 2050. This commitment aligns to the Urban Land Institute’s (ULI) Greenprint Center for Building Performance Net Zero Carbon goal. PGIM Real Estate is the real estate investment business of PGIM, the $1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Hazelview Wins Renovation of the Year at 2021 CFAA Awards
Hazelview Investments is pleased to announce that our conversion of the Medical Arts building to a newly re-imagined rental residence in Winnipeg, MB was awarded ‘Renovation of the Year’ at the 2021 CFAA (Canadian Federation of Apartment Associations) Awards. This award recognizes a company that has achieved excellence in the renovation, in full or part, of an existing rental housing building or a building being converted into rental.
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Asset Manager News
AEW acquires last-mile distribution warehouse in Italy for its Eurocore strategy
AEW - News: AEW, the global real estate investment manager, has acquired an 8,500 sqm last-mile distribution warehouse in northern Italy. The asset was acquired in an off market transaction on behalf of its pan-European Eurocore strategy which has now invested c.€210 million across five assets over the past three months.
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Asset Manager News
AEW Announces the Acquisition of 3 Assets in Australia and Japan
AEW Capital Management (“AEW”) has acquired Macquarie Innovation Centre for AUD 144 million and a portfolio of 2 multifamily assets in Japan for JPY 5 billion.
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Asset Manager News
Generali Real Estate completes the acquisition of part of the residential complex Maggiolina in Milan
The acquisition of some buildings in the Maggiolina residential complex is part of Generali Real Estate’s European investment strategy in the residential sector, alongside major operations in Germany (Frankfurt) and France (Paris Clichy)
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Asset Manager News
KGAL continues growth in the Polish renewables market with third wind farm purchase
Investment region CEE also in focus for upcoming new fund
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Asset Manager News
Good old, boring, investment discipline
Maintaining value proposition in any environment with investments that are anything but boring
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Asset Manager News
Consortium led by Ecorodovias and GLP wins Brazil highway concession
BR-153 Highway will be managed by consortium that will invest BRL 7.8 billion in infrastructure improvement works over the next 35 years
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Asset Manager News
Nuveen Real Estate and Kronos add 810 new homes to STAY
Nuveen Real Estate, one of the world’s largest real estate investment managers, and Kronos, a real estate investor, manager and developer with a leading presence in Spain and Portugal, have completed the purchase of two plots of land in Madrid.
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Asset Manager News
AEW Purchases Office Property to be Converted to a Life Sciences Complex
AEW Capital Management (“AEW”) announced the acquisition of 100 Crosby Road, located in Bedford, Massachusetts. The property was purchased along with Redgate and Optimum Asset Management, which will be joint venture partners in the project.
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Asset Manager News
GLP Closes RMB 5.8 billion China Income Fund II
Fund seeded with 13 modern logistics facilities in prominent locations across China
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Asset Manager News
Natixis Investment Managers International provides loan to new Barcelona metro line
Private Debt - News: Natixis IM International Private Debt has taken part in a direct lending transaction to help complete the building of Barcelona’s newest metro line. When completed, Line 9 will be the longest fully-automated metro line in Europe, with 52 stations.
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Asset Manager News
PGIM Real Estate acquires 12-story office building in Singapore for US$107M
PGIM Real Estate has completed the acquisition of 108 Robinson Road, a 12-story freehold office building located in the heart of the Central Business District (CBD) in Singapore for US$107 million. 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).
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Asset Manager News
M7 Real Estate sells 77,000 sq ft retail warehouse to Urban Logistics REIT
M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces the sale of a retail warehouse in Edinburgh, Scotland, to Urban Logistics REIT for approximately £13.2 million, on behalf of the M7 Box+ II fund (the “Fund”). The sale represents a net initial yield of 6.2%.
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Asset Manager News
M7 Real Estate sells light industrial portfolio to Wohninvest Group
M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties has, acting on behalf of M7 European Real Estate Investment Partners IV fund (“M7 EREIP IV” or the “Fund”), sold a portfolio of four light industrial properties to the Wohninvest Group.
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Asset Manager News
Orchard Street signs second tenant at refurbished Farringdon office scheme
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed its second letting at the newly refurbished 75 Farringdon Road office building in London’s Midtown, leasing 1,728 sq ft to international law firm Milberg London.
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Asset Manager News
M7 acquires two urban logistics assets in Poland for M7 CEREF II
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces the acquisition of two modern urban logistics schemes (the “DUO” portfolio) in the Upper Silesia region of Poland on behalf of M7 CEREF II (the “Fund”) from Polish developer, 7R.
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Asset Manager News
Deka Immobilien leases large space in Belgium
Deka Immobilien has extended a lease agreement for nearly 45,000 square metres of office space in Belgium.
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Asset Manager News
PGIM Real Estate enters new joint venture in UK senior housing
PGIM Real Estate has entered into a joint venture with Signature Senior Lifestyle (Signature), a subsidiary of Revera, to develop and operate a portfolio of prime senior housing in and around the Greater London/South East areas. 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).