Manager News – Page 61
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Asset Manager News
M7 Real Estate enters Northern Ireland with Belfast office acquisition
M7 Real Estate has acquired an office property at 20 Adelaide Street, Belfast for £2.4 million, on behalf of M7 Real Estate Investment Partners III.
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Asset Manager News
Investors commit €395 million to Bouwinvest Residential and Retail Funds in H1 2018
Bouwinvest’s Dutch Residential and Retail Funds attracted new mandates from a range of investors in the first half of 2018, including the Public Transport (Pensioenfonds Vervoer) and Hospitality Industry (Pensioenfonds Horeca & Catering) pension funds.
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Asset Manager News
M7 reveals new €900m ambition
M7 Real Estate has launched a series of new funds which aim to attract around €440m (£388m) of investor capital.
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Asset Manager NewsM7 Real Estate acquires €140 million of assets for EREIP IV
M7 Real Estate announces that it has recently completed the acquisition of €140 million of assets on behalf of M7 European Real Estate Investment Partners IV, its largest fund to date, with a further €35 million of assets expected to complete over the summer.
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Asset Manager NewsWarburg-HIH Invest Achieves IRR of 6.4 Percent in Fund Property Sale in Düsseldorf
Warburg-HIH Invest Real Estate just sold an office property in Düsseldorf to PATRIZIA Immobilien AG
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Asset Manager News
Special KGAL fund takes over retail parks in the greater Stuttgart and Nuremberg areas
Investment and asset manager KGAL has brought three retail parks located in Waiblingen, Brackenheim and Roth into a special AIF.
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Asset Manager NewsHines Completes Forward Purchase of Edinburgh Office Development
Hines has agreed to forward purchase a prime 6,757 sqm office building in the heart of Edinburgh on behalf of the Hines Pan-European Core Fund (HECF).
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Asset Manager News
Deka Immobilien invests in Paris
Deka Immobilien has purchased the “Metropolitan” office property in Paris.
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Asset Manager News
Arch Street Capital And Gtis Partners Sell Single Family Rental Portfolio For $268 Million
Connecticut and New York, June 27, 2018 – Arch Street Capital Advisors, LLC (“Arch Street”), a Greenwich, Connecticut-based real estate investment advisory firm, and GTIS Partners (“GTIS”), a real estate investment firm headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Paris and Munich, today announced the sale of a portfolio of 1,830 single-family rental home properties. The homes are located across four US states and were sold on behalf of an institutional client for $268 million.
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Asset Manager News
Arch Street Capital and GTIS Partners sell single family rental portfolio for $268 million
Arch Street Capital Advisors, LLC (“Arch Street”), a Greenwich, Connecticut-based real estate investment advisory firm, and GTIS Partners (“GTIS”), a real estate investment firm headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Paris and Munich, today announced the sale of a portfolio of 1,830 single-family rental home properties. The homes are located across four US states and were sold on behalf of an institutional client for $268 million.
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Asset Manager NewsOrchard Street completes significant letting to DFS at Chelmsford Industrial Estate
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed a complex asset management initiative to convert a former leisure operator into a thriving distribution unit, transforming Chelmsford Industrial Estate into a wholly logistics-focused asset. Orchard Street took early surrender of a 36,423 sq ft unit, obtained planning permission for a change of use, and undertook a significant refurbishment and reconfiguration of the unit for warehousing and distribution purposes in order to secure a new 10 year lease with DFS, the furniture retailer.
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Asset Manager NewsWarburg-HIH Invest Acquires Five Non-Discretionary Retailers from Rockspring for its Open-Ended Special Property Fund
Warburg-HIH Invest has acquired a portfolio of five local convenience centres
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Asset Manager News
KGAL wins its first LGPS mandate: Newham commits to KGAL ESPF 4
The London Borough of Newham Pension Fund (Newham) has committed to the renewable energy fund KGAL ESPF 4
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Asset Manager News
Hines & Peterson Group Announce WeWork To Pre-Lease Entire Office Space at One Central Plaza for its Iconic New Dublin Location
Hines and Peterson Group announced today that global community company and shared space provider, WeWork, will be One Central Plaza’s new anchor tenant.
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Asset Manager NewsWarburg-HIH Invest Acquires Local Convenience Centre in Bielefeld
Warburg-HIH Invest Real Estate just acquired a fully occupied local convenience centre
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Asset Manager NewsOrchard Street acquires prime Bracknell office building for £22.65 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 3 Arlington Square in Bracknell, Berkshire for £22.65 million. The asset was acquired from Arlington, with the purchase price representing a net initial yield of 6.25%. The acquisition was made on behalf of St. James’s Place Property Unit Trust.
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Asset Manager NewsDeka Immobilien rents out 4,200 m² office space in Australia
Deka Immobilien has signed a new long-term lease for around 4,200 m² office space in Melbourne, Australia. The space was secured by the Leo Cussen Institute, a legal training and advanced training centre established in 1972, in the office and commercial building at William Street 15.
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Asset Manager NewsOrchard Street acquires Slough Retail Park for £63 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired Slough Retail Park in Slough, Berkshire from Benson Elliot, the UK-based pan-European private equity real estate fund manager, for a price in the region of £63 million. The acquisition was made on behalf of St. James’s Place UK Plc.
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Asset Manager News
Deka Immobilien sells office building near Paris
Deka Immobilien has sold the “Le Magnum” office building located near Paris for EUR 71,5 million. Patron Capital Partners acquired the building from the open-ended real estate fund Deka-ImmobilienEuropa.
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Asset Manager NewsWarburg-HIH Anticipates Sustained Capital Inflows in German Office Investment Markets
The positive economic parameters and high investment pressure ensure that the brisk activity on Germany’s real estate investment
