Manager News – Page 39
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Asset Manager News
PATRIZIA uses Big Data to find the right real estate solution
Big data is set to transform the real estate industry as machine-learning capabilities analyse and process a huge amount of data far faster. Luckily PATRIZIA AG is already ahead of the game, thanks to its Big Data analytics’ solution.
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Asset Manager News
PATRIZIA with strong H1 2019 performance – guidance for FY2019 confirmed
PATRIZIA AG, the global partner for pan-European real estate investment, announces strong H1 2019 performance driven by increased assets under management and superior investment performance for its domestic and international clients.
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Asset Manager News
Barings provides €40 million construction loan for Seville Retail Park
Barings, one of the world’s largest diversified real estate investment managers, announces that it has provided, on behalf of one of its managed accounts, a €40 million senior construction loan to finance the development of a retail park in Dos Hermanas, located outside of Seville, Spain.
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Asset Manager News
Generali Real Estate appoints Lukas Jeckel as the Head of Central Northern Europe Region
Generali Real Estate S.p.A. announces the appointment of Lukas Jeckel as the Head of Central Northern Europe Region, comprising Germany, Austria and Switzerland, with effect from August 1st, 2019.
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Asset Manager News
Waste: getting a clearer picture
PATRIZIA is optimising waste management across its German portfolio to improve sustainability and reduce costs
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Asset Manager News
PATRIZIA acquires retail park in the north of Berlin
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of ‘Oranienpark’, a major retail park in Oranienburg, north of Berlin, from Cerberus on behalf of one of its German retail funds.
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Asset Manager News
Centropolis Towers - Responsible Property Investment in Action
The newly built Centropolis Towers represents a landmark property in the heart of Seoul’s Central Business District, Jongno. Completed in 2018, our 134,399 sq m mixed-use development maximises available space, whilst providing occupiers comfort and convenience through the provision of on-site amenities that enhance health, wellbeing and experience.
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Asset Manager News
PATRIZIA acquires build-to-rent development in Dublin, Ireland for EUR 93 million
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has agreed to forward purchase a 166-unit build-to-rent development in Harold’s Cross, Dublin 6, Ireland, for EUR 93 million from Marlet Property Group on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund group. The transaction increases PATRIZIA’s portfolio in Ireland to EUR 650 million.
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Asset Manager News
Barings Expands Italian Portfolio With Logistics Acquisition In Veneto Region
Barings, one of the world’s largest diversified real estate investment managers, announces the acquisition of a portfolio of six logistics assets comprising c. 95,000 square meters. This acquisition also includes the forward funding of two pre-let developments, in Veneto region, North East of Italy, on behalf of one of its managed accounts.
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Asset Manager News
Barings Acquires Fully Let Grade A Logistics Asset with Development Opportunity in Toulouse, France
Barings, one of the world’s largest diversified real estate investment managers, announces the off-market acquisition of a new Grade A logistics asset in Muret, Greater Toulouse, from developer, Vectura, on behalf of institutional clients for a core investment strategy. Barings has also entered into a binding agreement to forward fund the development of a 23,000 square meter extension of the property.
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Asset Manager News
PATRIZIA acquires Holiday Inn Express Hotel in Düsseldorf, Germany
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has acquired a fully let hotel in Düsseldorf, Germany, from DERECO.
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Asset Manager News
Barings Acquires Rea Farms Retail Property
Lincoln Harris, one of the Southeast’s preeminent commercial real estate development, investment and property management companies, announced today the sale of the retail portion of Rea Farms (the “Property”) to Barings, one of the world’s largest diversified real estate investment managers. The Property is located in Charlotte, North Carolina, and was purchased by Barings on behalf of an institutional investor.
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Asset Manager News
Orchard Street completes Aberdeen office letting, taking Westpoint Business Park to full occupancy
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed a ten-year lease at Westpoint Business Park in Aberdeen with Borr Drilling Ltd, the international offshore drilling contractor, via its wholly owned subsidiary Paragon Offshore (Land Support) Ltd], who has agreed to take 15,023 sq ft of office space. This latest letting takes the business park to 100% occupancy.
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Asset Manager News
PATRIZIA acquires landmark hotel development in Lisbon, Portugal
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has acquired a landmark hotel development, Tagus Square, in Lisbon, Portugal from a private individual on behalf of a German pension fund.
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Asset Manager News
PATRIZIA sells 18 Dutch residential complexes to Heimstaden
PATRIZIA AG, the global partner for pan-European real estate investment, has sold a portfolio of 18 residential complexes on behalf of a client to Heimstaden AB, the Swedish listed real estate investment company. The agreed sales price is EUR 97.4m.
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Asset Manager News
Allianz & Barings Provide USD319m in Debt Financing to Support the Acquisition of 650 Townsend in San Francisco
Allianz Real Estate, ranked as the world’s largest real estate investor, and Barings, one of the world’s leading financial services firms, on behalf of an institutional investor, announced today that they have co-committed in total USD319.1 million (EUR282 million) in debt financing under a co-lending agreement to fund the acquisition of 650 Townsend, a premier creative office building in San Francisco. The asset is being acquired through a sale-leaseback arrangement with the major tenant. Barings will be the lead lender and administrative agent for the transaction, with Allianz co-investing on a pari passu basis.
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Asset Manager News
Invesco Real Estate Forward-Funds Cluster Office In Paris
Invesco Real Estate forward-funds 17,600 sqm office building in Saint-Denis, North of Paris
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Asset Manager News
Invesco Real Estate To Acquire Strategic Prime Frankfurt Office Complex For €620M
Invesco Real Estate acquiring 80,500 sqm office building complex Die Welle
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Asset Manager News
Invesco Real Estate Enters Portuguese Hotel Market With Acquisition Of Three Hotels In Lisbon For €313m
Invesco Real Estate acquires its first hotels in Lisbon in a €313m deal with Minor International and NH Hotels, marking the largest ever hotel real estate transaction in Portugal.
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Asset Manager News
PATRIZIA acquires 54,100 sqm German supermarket portfolio
PATRIZIA AG, the global partner for pan-European real estate investment, has acquired a portfolio of 19 food anchored retail assets in northern Germany on behalf of one of its pan-European funds from a private Irish vendor.