Manager News – Page 42
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Asset Manager NewsGLP Closes US$2.1 Billion China Income Fund I
New and existing investors include seven Chinese institutional investors
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Asset Manager NewsPATRIZIA buys large office building in Luxembourg city centre
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of the AIRE office building in Luxembourg City on behalf of its institutional clients. The acquisition increases the number of properties PATRIZIA manages in Luxembourg to 13, comprising total space of around 87,000 sqm, with a total value of approximately EUR 800 million.
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Asset Manager NewsPAMERA buys 14,500 sq m multi-let property in southern Düsseldorf from M7 Real Estate
PAMERA Real Estate Partners (“PAMERA”), acting for a family office managed by the company, has acquired a 14,500 sq m office property with storage/production space at Reisholzer Werftstrasse 38-42, in the south of Düsseldorf. The vendor is M7 EREIP IV, an M7 Real Estate (“M7”) fund, for which M7 is the asset manager.
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Asset Manager NewsHines, Urban Atlantic, Triden Development Group, And Bridge Investment Group Close On Land To Develop Luxury Apartments At The Parks At Walter Reed
Hines, Urban Atlantic, and Triden Development Group along with joint venture partner, Bridge Investment Group, announced today they have closed on one and a half acres at The Parks at Walter Reed to develop The Hartley, a 323-unit luxury, multifamily property, anchored by natural and organic grocer Whole Foods Market. Santander Bank N.A. and EagleBank are providing the construction financing.
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Asset Manager NewsOrchard Street completes disposal of West Yorkshire logistics asset for £13 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the sale of an NHS logistics unit operated by Unipart in Normanton, West Yorkshire, to Urban Logistics REIT for £12.9 million. The sale price reflects a net initial yield of 5.24%.
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Asset Manager NewsPATRIZIA buys BTR development in Amsterdam
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition on behalf of its clients of a 114-unit turnkey residential development in Amsterdam, the Netherlands, from Biesterbos Groep, a Dutch real estate investor and conceptual developer. This transaction increases PATRIZIA’s total assets under management in The Netherlands to EUR 2.1 billion.
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Asset Manager NewsHines Completes Sale of Stuttgart Office Asset
The 14,822-square-meter office complex has been sold to investment management company Arminius, acting on behalf of German institutional investors, for an undisclosed price, after a competitive sales process managed by Colliers International.
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Asset Manager NewsPATRIZIA sells residential portfolio in the Netherlands on behalf of clients
PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of a large, mainly residential portfolio for EUR 375 million. The portfolio comprises 2,023 residential and 60 other, mainly commercial units, located in 29 cities in the Netherlands. Sixty percent of the properties are situated in the so-called Randstad megalopolis, the urban area in and around Amsterdam and Rotterdam with strong macro-economic growth prospects. The buyer is the Swedish residential real estate company, Heimstaden.
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Asset Manager NewsInvesco Real Estate Sells Prime Frankfurt Mixed-Use Asset To Luwin Real Estate Managers
Invesco Real Estate sells Neue Mainzer Straße 74+80 in Frankfurt (‘Ma’Ro’) to LUWIN Real Estate Managers GmbH The sale crystallizes strong performance for investors in Invesco’s core European programme LUWIN sees strong potential to further develop and optimize the asset
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Asset Manager NewsSavills IM Acquires Leroy Merlin, Piątek, Lodz, Poland For C. Eur 71M From Invesco Real Estate
Savills Investment Management (‘Savills IM’), the international real estate investment manager, has completed the acquisition of the logistics unit leased to Leroy Merlin in Piątek from Invesco Real Estate, the global real estate investment manager, on behalf of Korean institutional investors managed by Vestas Investment Management (‘Vestas’).
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Asset Manager NewsThe towering attraction of Berlin’s booming business district
Treptower literally towers over the rest of the trendy waterfront development project known as Mediaspree, which has become the chic place to live and work in Berlin. But what is now the preferred location for the creative industries was once an under-the-radar neighbourhood, separating the West from the East.
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Asset Manager NewsInvesco Real Estate Acquires Two Logistics Facilities, At The Gates Of The Paris Region, In A Forward Funding Deal
Invesco Real Estate acquires two logistics developments, covering c.91,000 sqm in total, for EUR61 million in a forward deal from vendor/developer Arefim Artenay (c.47,000 sqm) is in the Orléans region and will be completed in Q1 2021; Cernay-les-Reims (c.44,000 sqm) is in the Reims region and will be completed ...
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Asset Manager NewsGLP to Acquire Goodman Group’s Central and Eastern Europe Logistics Portfolio
The addition of this portfolio will expand GLP’s European presence to 10 countries
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Asset Manager NewsKGAL reaches Infrastructure milestone with closing of renewable energy fund in 2019
KGAL Infrastructure places largest renewable energy fund ESPF 4 with 750 million euros
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Asset Manager NewsKGAL Group generates business worth 1.6 billion euros in 2019
KGAL Group makes international breakthrough within its Real Estate, Infrastructure and Aviation asset classes.
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Asset Manager NewsPATRIZIA opts to go green in France
As part of its sustainability drive, PATRIZIA AG has switched over to renewable energy sources in France.
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Asset Manager NewsGTIS Partners Maintains Top Spots in GRESB Sustainability Ranking
GTIS Partners LP (“GTIS”), a real estate private equity firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, today announced that the GTIS Brazil Real Estate Fund (“GTIS Brazil Real Estate Fund I”) has been recognized as 2019’s most sustainable private equity real estate investment fund in South America by the Global Real Estate Sustainability Benchmark (“GRESB”). This is the fifth consecutive year the fund has taken the top ranking.
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Asset Manager NewsSC Capital Partners acquires 2 Elizabeth Plaza, North Sydney
SC Capital Partners, on behalf of its open end SCORE+ Fund, has expanded its footprint in Australia with the acquisition of 2 Elizabeth Plaza, North Sydney for A$127 million.
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Asset Manager NewsPATRIZIA elevates lift management to a higher level
PATRIZIA AG has overhauled its lift management process, slicing suppliers and cutting costs
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Asset Manager NewsHines And Cresset-Diversified Announce Start Of Construction On The Mercantile
Hines, the international real estate firm, along with investment partner Cresset-Diversified QOZ Fund, today announced the start of construction on The Mercantile—a city-defining mixed-use redevelopment to be located in downtown Omaha on land recently acquired from Conagra Brands.
