Manager News – Page 49
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Asset Manager NewsECB Easing and Trade Deescalation Boost Markets
The three things you need to know this week: More signs are pointing to U.S.-China trade war de-escalation, ECB launches new stimulus and the PBOC cuts required reserve ratios.
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Asset Manager NewsPGIM Real Estate invests in the office and logistics sector in France for core plus and value-add pan-European funds
PGIM Real Estate has acquired three properties in France on behalf of investors in its core plus and value-add pan-European discretionary funds: Atria, an office building in Paris; a Class A logistics platform development project in the south of Paris; and Portes Sud, an office campus in Toulouse. PGIM Real Estate is the real estate investment business of PGIM, the US$1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Credit Suisse Asset Management Global Real Estate pre-purchases Jubilee Place office tower in Brisbane
A Credit Suisse Asset Management real estate fund has pre-purchased the Jubilee Place office development in rising Fortitude Valley, Brisbane, through a forward funding transaction.
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Asset Manager NewsGTIS Teams With Southern Land for Vegas Project
Situated within a 61-acre vacant site in the core of the city, the 324-unit community is GTIS’s first investment in an Opportunity Zone.
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Asset Manager News
Invesco Real Estate Secures Two Hotel Developments In Italy For €160M
Invesco Real Estate has signed two forward purchase hotel deals in Florence and Milan, investing approximately €160m into two of Europe’s top tourist and growing business destinations.
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Asset Manager News
Southern Land Company And Gtis Partners Form Joint Venture; Close On Opportunity Zone Site In Downtown Las Vegas
Nashville and New York, September 9, 2019 – Southern Land Company (“SLC”), a Nashville-based real estate development firm, and GTIS Partners LP (“GTIS”), a real assets investment firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris, and Munich, today announced the formation of a joint venture and the simultaneous closing on the acquisition of Auric Symphony Park, a fully-entitled, shovel-ready, Class-A multifamily development site in Downtown Las Vegas, Nevada (the “Project”). The site is located in a federally-designated Opportunity Zone and represents GTIS Partners’ first Opportunity Zone investment.
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Asset Manager NewsPATRIZIA acquires 61,000 sq m logistics warehouse near Saint-Étienne
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of a newly built major logistics warehouse in Andrézieux-Bouthéon, 15 km north of Saint-Étienne, France, on behalf of one of its Pan-European logistics funds from Goodman France, the global owner, developer and manager of modern, high quality industrial and business space.
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Asset Manager NewsPATRIZIA sells office building in Amsterdam
PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of an office property in Amsterdam, The Netherlands, for EUR 20.35 million. The asset has been sold to Trinity Vastgoed VI, which is managed by Attestor Capital LLP.
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Asset Manager NewsMccaffery, Hines And Ivanhoé Cambridge Release New Images Of T3 Rino
(DENVER) – McCaffery, Hines and Ivanhoé Cambridge released new renderings of T3 RiNo, at 3500 Blake Street, located in Denver’s burgeoning River North Neighborhood. The property is being developed into a six-story, 250,000-square-foot T3 (Timber, Transit and Technology) office building, which will be one of the most environmentally friendly and sustainable developments in Denver. One of the images is a visualization of what the neighborhood might look like in late 2021 when T3 and a number of other projects are complete.
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Asset Manager News
Nuveen Real Estate and DekaBank provide £285m financing for King’s Cross Central Limited Partnership
Nuveen Real Estate and DekaBank have recently acted as joint arrangers of a £285 million, eight-year loan secured on 3 and 4 Pancras Square, two Grade A office buildings located in King’s Cross, London. Nuveen Real Estate and DekaBank jointly provided the financing to a subsidiary of the King’s Cross Central Limited Partnership (KCCLP), a joint venture between AustralianSuper and Argent (King’s Cross).
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Asset Manager NewsGenerali Real Estate acquires prime office building in Lisbon
Generali Real Estate has completed, on behalf of the Generali Europe Income Holding (GEIH) Fund, the acquisition of an office building in Lisbon, Portugal.
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Asset Manager NewsPATRIZIA invests in booming care home sector amid aging population
The world’s population is growing older, which is creating long-term investment opportunities in care homes. PATRIZIA AG has added a third healthcare fund to its portfolio as it builds up expertise in the sector.
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Asset Manager News
UBS Asset Management acquires Edinburgh Travelodge Hotel on behalf of its Long Income UK Property Fund
The GBP 9.4 million deal further diversifies the Fund’s tenant mix, supports its distribution yield and enhances the portfolio’s weighted average unexpired lease term (WAULT) The hotel will continue to be operated by Travelodge on a long-term lease running to 2042 Edinburgh’s hotel market is second only to London ...
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Asset Manager NewsNuveen Real Estate acquires a key logistics asset in South Korea, growing its Asia Pacific cities platform
Second acquisition by Nuveen Real Estate’s Asia Pacific cities platform First acquisition in Korea for Nuveen Real Estate 100% interest in a last-mile, brand new logistics facility in the Greater Seoul area Fully let to Coupang and Emart 24, among the largest market players in their respective ...
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Asset Manager News
GTIS Partners and Graham Street Realty Form Joint Venture; Acquire 104,000-Square-Foot Class A Office Building in San Francisco’s Marin County
GTIS Partners LP (“GTIS”), a real assets investment firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris, and Munich, and Graham Street Realty (“GSR”), an experienced San Francisco-based commercial real estate owner-operator, today announced the formation of their joint venture and the simultaneous closing of their acquisition of Belvedere Place, a Class A office building in Mill Valley, California.
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Asset Manager NewsPATRIZIA uses Big Data to find the right real estate solution
Big data is set to transform the real estate industry as machine-learning capabilities analyse and process a huge amount of data far faster. Luckily PATRIZIA AG is already ahead of the game, thanks to its Big Data analytics’ solution.
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Asset Manager NewsKGAL Keta investment offering No. 159 completes positively
Following a planned 15-year holding period, the “KGAL KETA Grundstücksgesellschaft mbH & Co. KG” property fund has successfully sold the Kölblgasse 8-10 and Hainburger Straße 33 offices, located in Landstraße, Vienna’s third district. This is expected to result in a profit distribution to investors of around 140% of their invested amount.
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Asset Manager NewsPATRIZIA with strong H1 2019 performance – guidance for FY2019 confirmed
PATRIZIA AG, the global partner for pan-European real estate investment, announces strong H1 2019 performance driven by increased assets under management and superior investment performance for its domestic and international clients.
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Asset Manager NewsKGAL sells solar power plants in Spain - Active portfolio management ensures return
KGAL GmbH & Co. KG is to sell five photovoltaic plants in Spain by the end of the year. KGAL successfully implemented a structured sales process in order to take advantage of the currently optimal market environment and high demand on behalf of its investors.
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Asset Manager News
Barings provides €40 million construction loan for Seville Retail Park
Barings, one of the world’s largest diversified real estate investment managers, announces that it has provided, on behalf of one of its managed accounts, a €40 million senior construction loan to finance the development of a retail park in Dos Hermanas, located outside of Seville, Spain.
