Manager News – Page 40
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Asset Manager NewsIvanhoé Cambridge, Bouwinvest and Greystar launch Paris student and young professionals accommodation venture with €1 billion investment capacity
Global real estate institutional investment companies Ivanhoé Cambridge Holdings UK Ltd (“Ivanhoé Cambridge”) and Bouwinvest Real Estate Investors (“Bouwinvest”) alongside Greystar Real Estate Partners LLC (“Greystar”), a global leader in the investment, development and management of high-quality rental housing properties, today announced a new ‘develop-to-core’ venture focused on funding purpose-built student accommodation (“PBSA”) and young professional accommodation in the Greater Paris Region, with an investment capacity of €1 billion.
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Asset Manager News
UBS Asset Management completes disposal of Collgar Wind Farm, Western Australia
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) Infrastructure business announces that it has completed the disposal of its 60% interest in the Collgar Wind Farm, a renewable power project that generates and delivers wind electricity in Western Australia.
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Asset Manager NewsSagittarius Business House in Wrocław BREEAM Certified as “Excellent”
Hamburg / Wrocław, 20 June 2019 – The Sagittarius Business House just received its BREEAM International New Construction certificate, scoring an “Excellent” rating. The BREEAM audit was carried out by WSP Polska Sp. Z oo. Definitive for the rating were the transport and waste concept as well as the building’s energy and water consumption.
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Asset Manager NewsGenerali Real Estate completes the full refurbishment of ‘The Corner’ in Milan
Property of Fondo Mascagni and managed by Generali Real Estate SpA Società di gestione del risparmio (GRE SGR), the building was entirely redesigned and refurbished. It will host the headquarters of several primary companies such as Versace and FC Internazionale
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Asset Manager NewsPATRIZIA sells mixed use portfolio in Copenhagen for EUR 50 million
PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of four mixed use office and residential properties in Copenhagen, Denmark, for €50 million (DKK 372 million) on behalf of its PATRIZIA Nordics Cities Fund. The portfolio has been sold to Jeudan, Denmark’s largest listed real estate company.
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Asset Manager News
Invesco Real Estate Achieves Breeam In-Use Certification On Its C.€5Bn Discretionary-Managed European Portfolio
Invesco Real Estate recognised for environmental impact of its portfolio of 37 discretionary-managed European assets
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Asset Manager News
Barings Acquires Madrid Office Refurbishment Opportunity
Barings, one of the world’s largest diversified real estate investment managers, announces the acquisition of Severo Ochoa 2 (“The Property”), an office property located at Las Rozas Business Park in Madrid, Spain. The Property was purchased on behalf of institutional investors.
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Asset Manager NewsUp 9.5 per cent: size of investable hotel market reaches new record level
New build activity and rising asset values are driving growth Improved performance particularly in the upscale hotel segment Continued high investment demand with tight supply Seven per cent of hotel rooms changed hands in 2018
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Asset Manager NewsAmplified: There’s more than one side to any investment story
We are now in the tail end of the second quarter of an already eventful year, with investors facing a range of stark choices.
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Asset Manager NewsOrchard Street signs two tenants at One King Street, Hammersmith
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two lettings at One King Street, its newly refurbished office and retail asset in Hammersmith. iPlato Healthcare, a London-based Health Tech company, has signed a new five-year lease on 5,712 sq ft of office space at a rent of £53.00 per sq ft, while healthy fast food chain Abokado has taken a 1,954 sq ft retail unit at ground level on a 10 year lease at a rent of £180 psf.
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Asset Manager NewsAsset Allocation Update - MAY 2019
Cash flows and discount rates have moved in opposite directions over the past six months, and discount rate moves have triumphed. Take the year so far. Equity cash flows, proxied by earnings growth expectations1, have weakened across each major equity bloc or region, shifting horizontally to the left in Figure 1. Yet stock market returns have risen – moving up vertically – apparently shrugging off the weaker cash flow picture.
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Asset Manager News
Swiss Life Asset Managers announces completion of its acquisition of a portfolio of core office assets in Paris CBD
On Tuesday 28 May, Swiss Life Asset Managers completed its acquisition of a portfolio of core office buildings in Paris Central Business District (CBD) from property company Terreïs. The deal includes a total of 28 buildings valued at EUR 1.7 billion. The assets have been acquired by real estate ...
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Asset Manager News€1.2 billion European real estate boutique Blue Asset Management joins Schroders
Schroders is today announcing the acquisition of Blue Asset Management (Blue) a German real estate business based in Munich. Established in 2009 by the three founding managing directors Dr Artus Pourroy, Dr Thomas Wiegelmann and Tino Lurtsch, Blue manages €1.2 billion of assets on behalf of its clients across, Germany, Austria and Switzerland.
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Asset Manager NewsSC Capital Partners announces US$850 Million for RECAP V Fund
SC Capital Partners Group (“SC Capital Partners”), a Singapore-based institutional real-estate investment management firm, today announced the final closing of its fifth discretionary real estate private equity fund, Real Estate Capital Asia Partners V L.P. (“RECAP V”). The total capital raising of $850 million comprises US$650 million of fund equity commitments, plus US$200 million of co-investment interest from existing RECAP V investors.
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Asset Manager NewsSC Capital Partners buys landmark Canberra office complex
Major upgrade and place-making strategy
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Asset Manager NewsGenerali Real Estate and Poste Vita joint venture debuts with Marienforum acquisition in Frankfurt
The recently completed acquisition of Marienforum, a prime office building in Frankurt am Main, is the first step of the joint venture that Generali Real Estate and Poste Vita announced in December, aimed at co-investing in the European real estate sector.
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Asset Manager NewsCapital France Hotel, a hotel investment vehicle managed by Schroder Real Estate Hotels, acquires two assets in Antwerp, Belgium from KKR
Capital France Hotel, a hotel investment vehicle managed by Schroder Real Estate Hotels, has completed the acquisition of two new properties: the Radisson Blu Astrid Hotel and the Park Inn by Radisson Hotel, both located in front of the main train station of Antwerp, Belgium.
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Asset Manager NewsPATRIZIA acquires 72 pre-let residential units in Zaandam
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired 72 pre-let, turnkey residential units in Zaandam on the outskirts of Amsterdam. The purchase was made on behalf of a PATRIZIA client from a Dutch real estate developer and investor.
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Asset Manager NewsAmplified: European legislation puts shareholder responsibilities under the spotlight
In December of last year, the Hermes Shareholder Rights Directive survey was conducted among a panel of 175 European asset owners and managers to gauge levels of awareness and readiness for the Directive.
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Asset Manager NewsPATRIZIA acquires state-of-the-art Dutch logistics facility
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has agreed to purchase a state-of-the-art, 57,000 sq m logistics property in Waalwijk in the south of the Netherlands. The acquisition was made on behalf of PATRIZIA Logistik-Invest Europa II from Magna Tyres Group in a sale and leaseback transaction. Delivery is expected in November 2019.
