Manager News – Page 43
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Asset Manager NewsPATRIZIA completes sale of Manchester office asset for £45.1m
PATRIZIA Immobilien AG, the global partner for pan- European real estate investment, announces that its ‘UK Value 2’ fund has completed the sale of Peter House, an office asset in Manchester, to BP Pension Fund for £45.1 million. The transaction price reflects a yield of 5.12%.
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Asset Manager NewsAmundi Real Estate 2018 review – 2019 outlook
Let’s place your savings where Europe offers its best real-estate opportunities.
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Asset Manager NewsPATRIZIA completes EUR 250m second close of TransEuropean VII
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, announces the EUR 250 million second close of its seventh TransEuropean fund, TEP VII.
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Asset Manager NewsUBS Asset Management acquires 100% interest in leading Portuguese gas distributer, Gascan
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that it has completed the acquisition of a 100% interest in Gascan, the second largest distributor and supplier of piped liquefied petroleum gas (LPG) in Portugal, from Arta Capital. The investment was made on behalf of REPM’s global infrastructure equity strategy, with the transaction completed on an exclusive basis after an unsolicited approach to the Spanish private equity fund Arta Capital.
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Asset Manager News
H&J Martin celebrates milestone with a Topping Out Ceremony at Outwood Wharf Development
Today marks a significant milestone for H&J Martin at their Outwood Wharf Phase 1 Project in Salford, Manchester. The project team gathered to mark the Topping Out of the build-to-rent Scheme which will consist of 263 apartments and townhouses.
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Asset Manager NewsGlobal Public Equity – Quarterly Review
The year ended on a wild note as stocks sank and volatility skyrocketed in the fourth quarter of 2018.
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Asset Manager NewsUBS Asset Management launches long income UK property fund seeded with GBP 90 million hotel portfolio
Open-ended UK long-lease strategy focused on alternative real estate sectors Targeting net income return of 5% p.a. Circa GBP 90 million committed from initial investor
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Asset Manager NewsPATRIZIA launches new EUR 700m healthcare fund
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has launched its third healthcare fund with a focus on care properties in Germany.
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Asset Manager NewsPoste Vita And Generali Real Estate Co-Invest In European Real Estate
Poste Vita and Generali Real Estate have signed a frame agreement aimed at co-investing in the European real estate sector.
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Asset Manager NewsMcAleer & Rushe sells The Brinell Building, Brighton to Orchard Street for £39 million
Developer and contractor McAleer & Rushe has exchanged contracts to sell the Brinell Building in Brighton. The company is selling the speculative office development for £39 million, reflecting a yield of 4.75%, to Orchard Street Investment Management, who has purchased it on behalf of St James’s Place Property Unit Trust.
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Asset Manager NewsTriton acquires prominent office asset on London’s Southbank for GBP 75.7 million
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that its Triton Property Fund (Triton or the Fund) has acquired 42 Southwark Bridge Road, a prominent office asset located on London’s Southbank, for GBP 75.66 million.
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Asset Manager NewsWarburg-HIH Invest Acquires Historic Warehouses in Hamburg-Altona from Aurelis
Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) just acquired “Güterhallen,” a historic warehouse complex
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Asset Manager NewsWarburg-HIH Invest Sells Office Property in Liverpool / TH Real Estate Facilitates Sale in Advisory Role
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) just sold an office property with a gross lettable area of 12,500 square metres in Liverpool
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Asset Manager NewsOrchard Street acquires prime Thames Valley industrial estate for £15.7 million from Kier Property and Investec
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of Trade City Reading, a multi-let industrial estate in Reading, developed in Joint Venture by Kier Property and Investec. The asset was acquired on behalf of St. James’s Place UK Plc. for £15.68 million, reflecting a net initial yield of 4.70%.
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Asset Manager NewsPATRIZIA grows Asian network with acquisition of Japan-based Kenzo Capital Corporation
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired the business of Kenzo Capital Corporation, the Tokyo-based real estate advisory and asset management firm, as well as the fund management and placement activities of Kenzo Japan Real Estate GmbH.
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Asset Manager NewsPATRIZIA acquires iconic Eurotower in Frankfurt for Fubon Life
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired the Eurotower office building in Frankfurt – one of the most recognisable buildings in European finance – for Fubon Life, one of the largest Taiwan-based insurance companies, for an undisclosed price.
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Asset Manager NewsGenerali Real Estate acquires large scale portfolio in France from Monoprix
Generali Real Estate S.p.A. has completed, on behalf of two Generali Group entities, the acquisition of a portfolio of 53 assets operated by Monoprix, a French leading high street retailer, for approximately €600 million.
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Asset Manager NewsUBS Asset Management acquires prime Frankfurt office tower for EUR 155 million
Landmark tower block in Frankfurt’s CBD acquired on behalf of a client mandate
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Asset Manager NewsWarburg-HIH Invest Buys Property Development in Potsdam
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) just acquired an office scheme with added retail units
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Asset Manager NewsUBS Asset Management UK real estate debt fund reaches conclusion of investment period with over GBP 338 million of completed lending
- UBS-PREMF takes total committed loans to 140% of equity raised at Fund’s conclusion
- GBP 45.4 million of new lending completed during 2018
- Initial gross returns in line with target in excess of 8.5% p.a.
