Manager News – Page 67
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Asset Manager News
Deka Immobilien purchases retail complex in France
Deka Immobilien has purchased a retail complex in an exclusive location in Strasbourg. The seller is the French real estate developer and investor Altarea Cogedim.
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Asset Manager NewsOrchard Street achieves full occupancy at Templeback Bristol
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two new lettings at 10 Templeback in Bristol’s city centre totalling almost 20,000 sq ft, bringing the prime office building to full occupancy. Orchard Street acquired the property in 2015 for £58.6 million, and subsequently undertook a £400,000 refurbishment which further enhanced its appeal, cementing the asset as one of Bristol city centre’s premium office locations.
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Asset Manager News
M7 acquires £23.7 million of regional assets and takes sixth UK-focussed fund to full investment
M7 Real Estate announces that it has completed the acquisition of seven regional assets with an aggregate value of £23.7 million on behalf of M7 Real Estate Investment Partners VI.
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Asset Manager NewsOrchard Street tips its hat to Camden, with purchase of £25 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Dunn’s Hat Factory, a prime office asset in Camden, North London, for £25.3 million in an off-market transaction. The property was acquired from Threadneedle on behalf of St James’s Place Property Unit Trust, and the purchase price represents a net initial yield of 4.3%.
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Asset Manager News
Invesco Real Estate launches third dedicated hotel fund with €179.5m equity and initial seed portfolio
Invesco Real Estate, the global real estate investment manager, announced today the launch of an open-ended fund investing in the pan-European (ex-UK) hotel sector targeting a 6%-7% p.a. gross income return and with an initial equity commitment of €179.5m from 10 institutional investors.
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Asset Manager News
M7 London HQ moves to The Monument Building
M7 Real Estate announces that is has moved into its new office space at The Monument Building, 11 Monument Street, London.
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Asset Manager News
Deka Immobilien purchases logistics portfolio in Germany
As part of a sale and leaseback transaction, Deka Immobilien GmbH has secured a DSV portfolio of three German properties under a purchase agreement.
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Asset Manager News
Deka Immobilien purchases fourth property for its North American-Fund
Deka Immobilien has secured via a Sale-and Leaseback-transaction the Hotel „Hyatt Centric The Loop“, located in downtown Chicago, for a purchase price of 110 Mio.
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Asset Manager News
GoldenTree Asset Management and GTIS Partners Announce Formation of Joint Venture, GTIS Debt Capital Management
GoldenTree Asset Management and GTIS Partner are announcing the formation of GTIS Debt Capital Management, a new joint venture focused on real estate debt.
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Asset Manager News
First closing of KGAL’s 4th European Renewable Fund, ESPF4, reflecting strong investor appetite for the sector
KGAL announces the first closing of its core plus European renewable fund ESPF 4. With €255 million of committed equity, the Luxembourg-based SICAV-SIF vehicle has attracted large commitments from four major European institutional investors.
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Asset Manager NewsKGAL Group acquires Austrian shopping centre in Liezen/Steiermark
KGAL Group continues to expand its real estate portfolio in Austria. The purchase of the “ELI Liezen” shopping centre marks the asset and investment manager’s seventh property acquisition for the institutional retail fund ARPP.
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Asset Manager News
KGAL Group has taken an innovative approach to its Austrian property portfolio
KGAL Group has successfully concluded the first conversion of a closed-ended property fund into an open-ended special property fund.
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Asset Manager News
M7 identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ report
M7 Real Estate is delighted to have been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain.
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Asset Manager News
M7 acquires light industrial portfolio in CEE for CEREF I
M7 Real Estate announces that it has acquired a portfolio of 11 light industrial assets in Hungary and the Czech Republic, on behalf of M7 CEREF I, from a joint venture between Partners Group and Cromwell Property Group.
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Asset Manager NewsOrchard Street acquires mixed-use gem in London’s Hatton Garden for £29 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of 36-38 Hatton Garden, Clerkenwell, London for £28.8 million. The asset was acquired from Dorrington PLC on behalf of St James’s Place UK PLC. The purchase price represents a net initial yield of 4.66%.
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Asset Manager News
Invesco Real Estate and be deliver built-to-rent (BTR) homes in West London on behalf of a local government pension scheme
Invesco Real Estate is pleased to announce the delivery of 119 BtR units in Hayes, West London, on behalf of its client, Lancashire County Pension Fund.
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Asset Manager News
Deka Immobilien sells office building in France
Deka Immobilien has sold the Le Sémaphore office building located in the vicinity of Paris for around €63 m. The property was purchased by Europa Capital LLP for its current pan-European investment fund, in joint venture with local operating partner Balzac REIM, from the portfolio of the open-ended real estate mutual fund Deka-ImmobilienGlobal.
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Asset Manager News
KGAL Market Study confirms institutional investors’ prevailing interest in Aviation investments
Within the investors arena, Insurance companies are the dominant players in the aviation asset class, according to the current market study published by asset and investment manager KGAL, produced from survey responses by international institutional investors. It also found that the strongest response was towards aviation debt at 25%.
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Asset Manager News
M7 purchases €55 million of Dutch assets for M7 EREIP IV
M7 Real Estate announces that it has invested a further €55 million in 15 assets throughout the Netherlands on behalf of M7 European Real Estate Investment Partners IV.
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Asset Manager News
Invesco Real Estate announces £54.5m forward funding for 180 build-to-rent units in South London
Invesco Real Estate (IRE), a global real estate investment manager, is pleased to announce the forward funding of a Build-to-Rent (BtR) project in South London for its dedicated residential strategy.
