Manager News – Page 33
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Asset Manager NewsPGIM Real Estate Provides $41M Loan For Acquisition Of Three Class A Industrial Buildings
On behalf of its U.S. core-plus debt fund, PGIM Real Estate has provided a $41 million loan facility to Dalfen Industrial for the acquisition of a three-building Class A industrial portfolio with properties located in the Las Vegas and Chicago metro areas. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsIvanhoé Cambridge And Hines Break Ground On Cibc Square’s Second Tower In Toronto
Phase Two is Underway and Set to Redefine Toronto Through Innovation and Inspiration
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Asset Manager NewsIPUT Real Estate names new Dublin square at Wilton Park in tribute to writer Mary Lavin
In honour of the celebrated Irish writer, Mary Lavin (1912-1996), IPUT Real Estate is naming a substantial new public space as Mary Lavin Place.
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Asset Manager NewsResilience in consumer grocery spending increases investor appetite in European grocery real estate
New report from JLL & Union Investment highlights growing grocery real estate market, with the share of European grocery real estate investment as a proportion of total retail real estate investment reaching 22% in 2020, up from 6% in 2016.
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Asset Manager NewsNuveen Real Estate and Taconic Partners Complete Successful $600M Recapitalization for State-of-the-Art Life Sciences Hub at 125 West End Avenue in New York
Nuveen Real Estate and Taconic Partners completed a $600 million capitalization of 125 West End Avenue, New York City’s newest life sciences building on Manhattan’s West Side.
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Asset Manager NewsNuveen Real Estate raises further €50 million, and acquires Dutch portfolio, for its latest European logistics strategy
Nuveen Real Estate, one of the largest real estate investment managers globally, has raised a further €50 million for its sixth European logistics strategy.
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Asset Manager NewsPGIM Real Estate strengthens global innovation strategy with European investment in Fifth Wall
PGIM Real Estate has strengthened its global innovation strategy with an investment into the Fifth Wall European Real Estate Technology Fund. 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 NewsGLP’s Global Logistics Business Announces Record Leasing and Developments in 2020
22.7 million sqm (244 million sq ft) of leases signed, driven by record levels of renewal leases and e-commerce demand
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Asset Manager NewsHines And Ivanhoé Cambridge Announce Construction Milestone For Texas Tower
Next-generation office tower in Downtown Houston has topped out two years after mat pour
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Asset Manager NewsPGIM Real Estate invests in UK senior housing
PGIM Real Estate, on behalf of an investment strategy, has entered into a joint venture with Elevation, a specialist healthcare real estate investment management firm. The venture will fund developer-operators of new build care homes across the UK. PGIM Real Estate is partnering with Elevation in sourcing and structuring investments with operators. Elevation will provide ongoing asset and development management services.
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Asset Manager NewsSouthern Land Company and GTIS Partners Complete Sale of Multifamily and Retail Components of Rêve Boulder
Multifamily and retail units of mixed-use community sell for $151.25 million.
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Asset Manager NewsPGIM Real Estate Secures S$900 Million Green Loan From DBS, OCBC Bank And UOB For NEX Mall
PGIM Real Estate has secured a S$900 million green loan from DBS, OCBC Bank and UOB for the refinancing of NEX, a major retail mall in Singapore. This deal marks a significant foray into sustainable finance for PGIM Real Estate in the region.
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Asset Manager NewsFederated Hermes to launch Sustainable Global Equity Fund as first of new product suite
The international business of Federated Hermes has today announced the launch of a new Sustainable Global Equity Fund, the first of a new Sustainable suite of products being developed by the firm to meet strong demand from clients for values-based solutions.
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Asset Manager NewsThe end of LIBOR: implications for investors
The London Inter-bank Offered Rate (LIBOR) is one of the main interest-rate benchmarks used in global financial markets. By the end of 2021, LIBOR reference rates and other interbank offered rates (IBORs) will be retired. What will replace LIBOR and other IBORs, and what does this mean for investors?
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Asset Manager NewsLineage Logistics Raises $1.9 Billion in New Equity to Fund Investment in Global Network Capacity and Industry-Leading Technology
Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, today announced it has raised $1.9 billion in equity from new and existing strategic partners. Participating investors include BentallGreenOak, D1 Capital Partners, Oxford Properties, CenterSquare Investment Management, MS Tactical Value and Conversant Capital, OP Trust, Cohen & Steers, among others.
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Asset Manager NewsKGAL commits to being climate-neutral asset manager by 2021
As part of a new climate strategy, one of the leading German asset managers is also targeting net zero emission portfolio by 2050
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Asset Manager NewsKGAL strengthens management team with appointment of Dr. Anke Sax as COO/CTO
KGAL enhances focus on technology application and digital transformation
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Asset Manager NewsAM Ventures Launches 100-Million-Euro Venture Capital Fund Dedicated To Industrial 3D Printing
German Asset Manager Kgal Joins The Shareholders To Accelerate The Business To A New Level
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Asset Manager NewsGTIS Partners Announces Origination of $146 million Loan to Extell Development for Upper East Side Condo Inventory
GTIS Partners LP (“GTIS”) today announced that it will be providing a $146 million inventory loan to Extell Development (“Extell”) to refinance the remaining units in The Kent, a fully completed 104-unit, 210k square foot, 30-story residential condominium tower with ground floor retail in Manhattan’s Upper East Side. The loan will be made in partnership with Blackstone Real Estate Debt Strategies.
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Asset Manager NewsGLP Closes First Sustainability-Linked Loan of $658 Million, One of the Largest in APAC
GLP closed its first sustainability-linked loan (SLL) of US$658 million with participation from 10 banks. The loan is one of the largest SLLs in Asia Pacific and signifies GLP’s ongoing commitment to sustainability. GLP will use the loan proceeds to contribute to environmental objectives related to climate change mitigation and the promotion of green buildings.
