Manager News – Page 35
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Asset Manager News
PATRIZIA partners with leading European PropTech VC firm
PATRIZIA AG, the global partner for pan-European real estate investment, enters a partnership with pioneering PropTech VC Pi Labs and has participated in Pi Labs’ third fund which will invest in early stage PropTech start-ups across Europe.
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Asset Manager News
PATRIZIA secures independence of BrickVest as global and open industry platform for real asset investing
PATRIZIA AG, the global partner for pan-European real estate investment, has acquired BrickVest, the London-based global, digital investment platform founded in 2014. PATRIZIA will promote the further development of BrickVest as an independent and open industry platform connecting various investor groups with deal sponsors and product providers. In addition, BrickVest will have access to PATRIZIA’s global industry network including more than 350 institutional investors and industry partners and over 200 banks & financial institutions worldwide.
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Asset Manager News
PATRIZIAs TEP VII in final capital raising stage with EUR 634 million closed
PATRIZIA AG, the global partner for pan-European real estate investment, announces a further EUR 384 million of equity commitments for its flagship discretionary value add fund, TransEuropean VII LP (“TEP VII” or the Fund”), which, combined with the EUR 250 million previously announced, brings the total raised to date to EUR 634 million.
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Asset Manager News
Invesco Real Estate Invests In Third Danish Residential Project Within Ten Months
Invesco Real Estate, on behalf of a Danish entity, acquires a c.6,000 sqm residential asset in Valby, West Copenhagen This is the second investment in the scheme following the acquisition of 191 apartments last October The Grønttorvet area is being transformed into an award-winning, modern residential district with a ...
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Asset Manager News
Invesco Real Estate Announces £73.8m Forward Funding For Purpose-Built Rental Development In Milton Keynes
The development will comprise 294 Build-to-Rent (BtR) apartments, 83 car parking spaces, a commercial unit of 2,500 sq ft and 17,234 sq sq ft of internal and external amenity space £73.8M forward-funded acquisition in Milton Keynes’s CBD further grows Invesco’s UK residential footprint BtR project being developed by Packaged ...
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Asset Manager News
PATRIZIA posts strong transaction growth with EUR 8bn+ signed in 2019
PATRIZIA AG, the global partner for pan-European real estate investment, has signed over EUR 8bn in transactions in 2019, of which more than two-thirds were purely acquisitions and a majority were sourced outside of Germany, the country where the company has its global headquarters.
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Asset Manager News
KGAL ESPF 4 Fund invests in wind power in Norway
KGAL signs a share purchase agreement for two wind development projects
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Asset Manager News
PATRIZIA makes landmark acquisition of tallest office tower in Berlin
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of Treptower, a landmark asset and the tallest office building in Berlin, Germany, from ARB Investment Partners. This transaction increases the value of PATRIZIA’s office portfolio across Europe to nearly EUR14 billion.
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Asset Manager News
Greystar Announces First Ground-Up Development Project in Boston
Acquisition of 212 Stuart Street Development Expands Greystar’s Northeast Presence Brings Unique and Luxurious Multifamily Design to Prestigious Urban Neighborhood
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Asset Manager News
PATRIZIA extends Big Data intelligent solution to the Netherlands
PATRIZIA is expanding its Big Data analytics’ solution to the Dutch residential property market, allowing intelligent processes to gather and analyse local real estate data.
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Asset Manager News
PATRIZIA sells 68-asset German retail portfolio
PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of a retail portfolio totalling 68 properties in Germany to a fund managed by GPEP, a management platform specialised in supermarkets and retail parks across Germany.
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Asset Manager News
Orchard Street completes acquisition of prime Greater London industrial estate for £40 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of a prime industrial estate in Chessington, Greater London for £40.25 million. The asset was acquired from Aberdeen Standard Investments on behalf of St James’s Place UK Plc.
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Asset Manager News
Invesco Real Estate Sells Distribution Centres On Behalf Of Invesco’s Strategic Opportunities Investment Programme
Invesco Real Estate (Invesco), the global real estate investment manager, has sold two build- to-suit distribution centres in Poland totalling 105,000 sqm to the Chinese Investment Company, CGL Investment Holdings Corporation. The sale was made on behalf of Invesco’s strategic opportunities investment programme and the corporate transaction has set new records for the market with assets valued based on a record yield for the Polish logistics market of 4.25%.
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Asset Manager News
Meyer Homes & Invesco Real Estate Completes £107M Build-To-Rent Hounslow Scheme
Today, 15th January, residential developer Meyer Homes, have completed their fourth major development project in London, and their first build-to-rent collaboration with Invesco Real Estate, the global real estate investment manager, delivering 293 new homes (14 houses and 279 apartments), in the London Borough of Hounslow, West London. The 25-month project, which was completed ahead of schedule, has seen the delivery of 38 affordable homes to Clarion, 255 homes to Invesco Real Estate for its growing UK build-to-rent (BtR) strategy, and 10,000 sq. ft of commercial space.
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Asset Manager News
PATRIZIA adds residential property to HafenCity
The architecture firms selected to help PATRIZIA develop two prime sites in the Hamburg HafenCity project have been announced.
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Asset Manager News
Invesco Real Estate Acquires Bravern Office Commons in Bellevue Leased to Microsoft
Invesco Real Estate, a global real estate investment manager, today announces that it has acquired two Class A office buildings within the broader Bravern mixed-use development in the CBD of Bellevue, Washington for an undisclosed amount. The office buildings have been acquired from Principal Real Estate and PNC Realty on behalf of one of Invesco Real Estate’s institutional separate account clients. The offices are 100% leased to the Microsoft Corporation.
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Asset Manager News
Greystar acquires MB275 in The Hague developed by UrbanTTP
Greystar Real Estate Partners, LLC (“Greystar”), the global leader in rental housing, on behalf of its affiliates, today announces the acquisition of MB275 through one of its managed funds. MB275 is based in The Hague and is sold by UrbanTTP BV, a developer specialised in the development of rental apartment buildings and hotels in the Netherlands.
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Asset Manager News
Orchard Street completes 63,000 sq ft of Leeds warehouse lettings, taking Gildersome Spur to full occupancy
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two new lettings totalling 63,000 sq ft at Gildersome Spur industrial estate in Leeds, taking the prime warehouse facility to full occupancy. Gildersome Spur is managed by Orchard Street on behalf of St. James’s Place UK Plc.
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Asset Manager News
PGIM Real Estate buys office building in Berlin City West for European value-add strategy
PGIM Real Estate has acquired an office building in Berlin from PPF Group, as part of a share deal for its European valueadd strategy. The property is located in the central business district of Berlin City West and has a total lettable area of around 24,500 square metres spread over nine floors, with two underground floors containing 410 parking spaces.
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Asset Manager News
Union Investment and Generali Real Estate signed the agreement to acquire the Puerto Venecia shopping resort in Zaragoza
Shopping centre and retail park with combined rental area of 120,000 m2 and 19 million visitors a year