Manager News – Page 43
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Asset Manager NewsT3 Rino Celebrates Groundbreaking In Denver
McCaffery, Ivanhoé Cambridge and Hines celebrated the groundbreaking of T3 RiNo, which is being developed into a six-story, 240,000-square-foot T3 (Timber, Transit and Technology) office building, and will be one of the most environmentally friendly and sustainable developments in Denver.
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Asset Manager NewsHines and Industrious Announce Second The Square Location - Global workplace platform coming to historic Kearns Building in Salt Lake City
Hines, the international real estate firm, today announced that the Kearns Building in Salt Lake City will be the next property in its portfolio to offer The Square, its flexible space-as-a service offering. Industrious, the largest premium workplace provider in the U.S., will be the operator.
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Asset Manager NewsHines And Oaktree Acquire Santa Clara Towers
Hines, the international real estate firm, announced today that along with a subsidiary of real estate funds managed by Oaktree Capital Management, L.P. (“Oaktree”), it has acquired Santa Clara Towers, a 445,000-square-foot property comprised of twin 11-story Class A office towers in Santa Clara, California.
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Asset Manager NewsDeka Immobilien acquires property in Dublin for new open-ended real estate fund
Deka Immobilien has acquired an office building in Dublin for a headline price of EUR 153 million to add to the starting portfolio of its new open-ended real estate fund Deka-ImmobilienMetropolen. Hanover Quay Property Development Company Ltd. a subsidiary of Park Developments Group sold the office building, which was completed in April 2019. “The Reflector” offers around 11,500 m² of flexibly divisible space and 34 parking spaces. It is fully leased to four tenants under long-term leases, with Airbnb being the main tenant.
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Asset Manager News“The exceptional transaction is the rule”
KGAL Aviation structures tailored aircraft financing
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Asset Manager NewsHines Pan-European Core Fund Acquires Mixed-Use Residential Scheme In Amsterdam’s NDSM Regeneration Area
Hines will forward fund the mixed-use development, which will consist of 208 apartments for rent, alongside 1,600 square meters of office space and 800 square meters of ground floor commercial space for retail use. Designed by international architecture firm Moke, Pontkade Phase 3 features an 18-story residential tower and a seven-story office building. The project is expected to complete by the end of 2022.
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Asset Manager NewsPATRIZIA with strong momentum in client business 2019
PATRIZIA AG, the global partner for pan-European real estate investment, recorded an operating income of EUR 134.5m in 2019, exceeding the FY 2019 guidance of EUR 120.0 to 130.0m. This compares to an operating income of EUR 141.4m in FY 2018, which contained significant revenue contribution from phase-out sale of principal investments and co- investment income. Excluding the sale of principal investments and co-investment income operating income increased 10.3%.
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Asset Manager NewsHines Secures Prime Mixed-Use Scheme in London’s West End
Hines, the international real estate firm, has acquired a flagship mixed-use retail and office scheme in the heart of London’s West End on behalf of the Hines European Value Fund 2 (HEVF 2).
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Asset Manager NewsHines Expands Munich Office Portfolio with Fritz 9 Acquisition
Hines, the international real estate firm, has successfully closed the acquisition of two office buildings located in Neuperlach, an established office, retail and residential destination in Munich on behalf of the flagship Hines European Value Fund 2 (HEVF 2).
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Asset Manager NewsM7 wins two REFI European Awards
M7 Real Estate is pleased to announce that it has won both the “Eastern European Fund of the Year” for the M7 Polish Active Fund and the “Western European Fund of the Year” for M7 EREIP V at the REFI European Awards (formerly PIE European Property Awards).
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Asset Manager NewsGreystar Real Estate Partners announces acquisitions of two properties in the Inner Melbourne market of South Yarra, Australia
Acquisitions advance Greystar’s strategy to acquire, develop and manage develop-to-core rental housing properties across Melbourne and Sydney.
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Asset Manager NewsPATRIZIA 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 NewsHines And Acciona Close Agreement To Secure A 31,000-Sqm Multifamily Residential Scheme In Madrid
Hines, the international real estate firm, has signed a forward purchase agreement for a 31,000-square-meter multifamily rental residential scheme in Madrid, on behalf of the flagship Hines European Value Fund 2 (HEVF 2).
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Asset Manager NewsPATRIZIA 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 NewsHines Opens Development And Investment Office In Raleigh, North Carolina
Hines, the international real estate firm, announced today that it has opened a new investment and development office in Raleigh, North Carolina. The office will be led by Paul Zarian, who will be responsible for sourcing and executing new development and investment opportunities in the market.
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Asset Manager News
M7 sells London residential development site for over £7m
M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has completed the sale of Mill Road Car Park (“Mill Road”) in Ilford, comprising circa 0.74 acres, for in excess of £7m on behalf of the M7 REIP V fund.
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Asset Manager NewsDeka Immobilien continues to grow
· A good start to the year: Net sales already at about EUR 1 billion in January 2020
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Asset Manager NewsPATRIZIAs 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 NewsInvesco 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 NewsWestdale, Ivanhoé Cambridge And Hines Celebrate Groundbreaking Of The Stack Deep Ellum
Westdale Real Estate Investment and Management (Westdale), Ivanhoé Cambridge and Hines, celebrated the groundbreaking of The Stack, a 16-story, mixed-use building with 15,000 square feet of prime street-front retail and approximately 200,000 square feet of state-of-the-art office space.
