Manager News – Page 44
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Asset Manager NewsHines Global Income Trust Acquires The Emerson
Hines, the international real estate firm, is pleased to announce that Hines Global Income Trust, Inc. (“Hines Global”) has acquired the Emerson, a newly constructed Class A, 355‐unit multifamily asset located in Centreville, Virginia, approximately 21 miles west of Washington, D.C.
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Asset Manager NewsInvesco Real Estate Announces £73.8m Forward Funding For Purpose-Built Rental Development In Milton Keynes
The development will comprise 294 Build-to-Rent (BtR) apartments, 83 car parking spaces, a commercial unit of 2,500 sq ft and 17,234 sq sq ft of internal and external amenity space £73.8M forward-funded acquisition in Milton Keynes’s CBD further grows Invesco’s UK residential footprint BtR project being developed by Packaged ...
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Asset Manager NewsPATRIZIA posts strong transaction growth with EUR 8bn+ signed in 2019
PATRIZIA AG, the global partner for pan-European real estate investment, has signed over EUR 8bn in transactions in 2019, of which more than two-thirds were purely acquisitions and a majority were sourced outside of Germany, the country where the company has its global headquarters.
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Asset Manager NewsKGAL ESPF 4 Fund invests in wind power in Norway
KGAL signs a share purchase agreement for two wind development projects
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Asset Manager NewsPATRIZIA makes landmark acquisition of tallest office tower in Berlin
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of Treptower, a landmark asset and the tallest office building in Berlin, Germany, from ARB Investment Partners. This transaction increases the value of PATRIZIA’s office portfolio across Europe to nearly EUR14 billion.
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Asset Manager NewsChancerygate & Hines JV Acquires Final Five-Acre Plot at Warrington’s Gemini8 to Develop 100,000 Square Feet of Industrial Space
Chancerygate and Hines have purchased the final five-acre development plot at Gemini8 in Warrington to speculatively build around 100,000 square feet of industrial and warehouse space. The site is the sixth acquisition for the joint venture (JV) between nationwide industrial developer and asset manager Chancerygate, which has an office in Warrington, and the international real estate firm, Hines.
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Asset Manager NewsGreystar Announces First Ground-Up Development Project in Boston
Acquisition of 212 Stuart Street Development Expands Greystar’s Northeast Presence Brings Unique and Luxurious Multifamily Design to Prestigious Urban Neighborhood
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Asset Manager NewsHines Secures €637 Million of Investor Commitments at First Closing of New €1.25 Billion Value Add Fund
Hines, the international real estate firm, is pleased to announce the first closing of its Hines European Value Fund 2 (HEVF 2), securing approximately €637m of equity commitments, exceeding 50% of the € 1.25 billion total target.
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Asset Manager NewsM7 sells three Polish assets
M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has sold three assets in Poland, on behalf of an M7 vehicle, PVBRI.
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Asset Manager NewsPATRIZIA extends Big Data intelligent solution to the Netherlands
PATRIZIA is expanding its Big Data analytics’ solution to the Dutch residential property market, allowing intelligent processes to gather and analyse local real estate data.
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Asset Manager NewsPATRIZIA sells 68-asset German retail portfolio
PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of a retail portfolio totalling 68 properties in Germany to a fund managed by GPEP, a management platform specialised in supermarkets and retail parks across Germany.
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Asset Manager NewsOrchard Street completes acquisition of prime Greater London industrial estate for £40 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of a prime industrial estate in Chessington, Greater London for £40.25 million. The asset was acquired from Aberdeen Standard Investments on behalf of St James’s Place UK Plc.
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Asset Manager News
Deka Immobilien acquires office tower in Australia
Deka Immobilien has exchanged contracts to secure the purchase of an office building for around EUR 230 million in Brisbane, the capital of the state of Queensland, in the north-east of Australia. The seller is a joint venture 50% owned by the Lendlease managed Australian Prime Property Fund Commercial. The property will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal.
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Asset Manager NewsInvesco Real Estate Sells Distribution Centres On Behalf Of Invesco’s Strategic Opportunities Investment Programme
Invesco Real Estate (Invesco), the global real estate investment manager, has sold two build- to-suit distribution centres in Poland totalling 105,000 sqm to the Chinese Investment Company, CGL Investment Holdings Corporation. The sale was made on behalf of Invesco’s strategic opportunities investment programme and the corporate transaction has set new records for the market with assets valued based on a record yield for the Polish logistics market of 4.25%.
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Asset Manager NewsMeyer Homes & Invesco Real Estate Completes £107M Build-To-Rent Hounslow Scheme
Today, 15th January, residential developer Meyer Homes, have completed their fourth major development project in London, and their first build-to-rent collaboration with Invesco Real Estate, the global real estate investment manager, delivering 293 new homes (14 houses and 279 apartments), in the London Borough of Hounslow, West London. The 25-month project, which was completed ahead of schedule, has seen the delivery of 38 affordable homes to Clarion, 255 homes to Invesco Real Estate for its growing UK build-to-rent (BtR) strategy, and 10,000 sq. ft of commercial space.
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Asset Manager NewsPATRIZIA adds residential property to HafenCity
The architecture firms selected to help PATRIZIA develop two prime sites in the Hamburg HafenCity project have been announced.
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Asset Manager NewsDLA Piper Signs New Lease At Texas Tower
Hines and Ivanhoé Cambridge announced today that law firm DLA Piper has signed a more than 14-year lease for over 31,000 square feet at Texas Tower, the 47-story, one-million-square-foot office tower under development in Houston. The law firm will relocate to the building in January 2022 and will occupy the 38th floor.
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Asset Manager NewsHines—In Partnership With USAA Real Estate And Philena Properties—To Build West Edge, A Mixed-Use Project In Los Angeles
Hines, the international real estate firm, along with investor USAA Real Estate and Philena Properties announced construction of West Edge, a transformative, transit-oriented, mixed-use development situated within the creative heart of West Los Angeles. Featuring eight stories of creative office space, 600 luxury rental apartments, a full-service natural grocer, eight restaurants, in addition to cafes, boutique retail, and studio fitness options, West Edge will contribute to the vibrant local community and transform the West LA neighborhood.
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Asset Manager NewsInvesco Real Estate Acquires Bravern Office Commons in Bellevue Leased to Microsoft
Invesco Real Estate, a global real estate investment manager, today announces that it has acquired two Class A office buildings within the broader Bravern mixed-use development in the CBD of Bellevue, Washington for an undisclosed amount. The office buildings have been acquired from Principal Real Estate and PNC Realty on behalf of one of Invesco Real Estate’s institutional separate account clients. The offices are 100% leased to the Microsoft Corporation.
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Asset Manager NewsGreystar acquires MB275 in The Hague developed by UrbanTTP
Greystar Real Estate Partners, LLC (“Greystar”), the global leader in rental housing, on behalf of its affiliates, today announces the acquisition of MB275 through one of its managed funds. MB275 is based in The Hague and is sold by UrbanTTP BV, a developer specialised in the development of rental apartment buildings and hotels in the Netherlands.
