Manager News – Page 78
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Asset Manager News
GTIS has invested $2 billion across 40 different projects in Brazil
A U.S. investment firm that recently acquired one of Brazil’s largest hotel companies is planning to expand and upgrade in the country, wagering it can steer through a sluggish local economy and fend off new foreign competitors.
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Asset Manager NewsBouwinvest Invests in 186-Room Hotel in Provast Amsterdam Tower Development
Bouwinvest has acquired a 186-room hotel over the six lower floors of the 100-metre high Amstel Tower, being developed by local firm Provast, in the business district adjacent to Amsterdam’s Amstel railway station to the southeast of the city’s centre.
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Asset Manager News
2014 Top Year for Bouwinvest
Bouwinvest saw the strongest investment year in its history in 2014 as detailed in the new online annual report format.
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Asset Manager News
M&G Real Estate joins forces with Crest Nicholson to provide new private sector homes in Bath
Investor-house builder agreement first of its kind that will create significant build-to-rent developments across the UK, speeding up delivery of housing stock to market Emphasis on quality and creation of mixed tenure sustainable communities
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Asset Manager News
4th hospitalityInside INVESTMENT BAROMETER Spring survey available
The continuing pressure on demand in the hotel market most likely motivates hoteliers and hotel property experts to diversify regionally in secondary and tertiary markets. New leaseholders and brands are less in demand, and a higher commitment in country markets with higher risks is definitely last on the list.
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Asset Manager News
UBS records significant real estate transaction activity globally in 2014.
UBS Global Asset Management’s Global Real Estate (GRE) business has today announced that it completed approximately CHF 7.2 billion in real estate transactions worldwide in 2014, reflecting a solid year for the business.
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Asset Manager News
European mezzanine lender of the year*
DRC Capital may not be the biggest mezzanine provider on the European block, but it has carved out a strong position in this niche market.
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Asset Manager NewsDRC and Standard Life Investments provide £65m refinancing for Brettenham House
Draco Property has secured new lending facilities for Brettenham House in central London. CBRE UK and EMEA Debt & Structured Finance sourced the debt which was fully underwritten by European Real Estate Debt Fund 2 advised by DRC Capital LLP.
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Asset Manager News
AEW Europe continues expansion in Germany and moves to new offices
Following the recent strengthening of its German team and a significant increase in its activity in the region, AEW Europe, which raised a record €2.2 billion of equity in 2014, has moved its German operations to larger offices in central Düsseldorf.
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Asset Manager News
All Bouwinvest Real Estate Sector Funds Beat Multi-year IPD Dutch Property Indices
Solid capital growth and value added through active asset management have powered all Bouwinvest’s Dutch property sector funds to outperform benchmarker IPD’s annual total return indices for the real estate investment market in the Netherlands over multiple years, the most recent results for 2014 show.
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Asset Manager News
Bouwinvest Expands Surging Amsterdam Retail Footprint Into North of Capital
Institutional property manager Bouwinvest is expanding the growing footprint of its €700 million Dutch Retail Fund in the historic neighbourhoods of Amsterdam with an investment in the development of a new shopping centre (Mosveld).
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Asset Manager News
New investor commits £162 million to WELPUT
An international institutional investor has committed £162 million to WELPUT (the ‘Trust’), through the secondary market, successfully matching the units made available through the recent redemption window.
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Asset Manager News
First aircraft deal closed for the KGAL Aviation Portfolio Fund 1
The KGAL Aviation Portfolio Fund 1 (APF1), an aircraft portfolio fund for institutional investors managed by KGAL Investment Management, acquired three Embraer 190 aircraft as part of a sale and leaseback deal.
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Asset Manager News
M7-Starwood Capital Group Joint Venture Acquires 17 Dutch and German Light Industrial Properties for €74.5M
MStar Europe, the joint venture set up by M7 Real Estate and Starwood Capital Group’s Starwood Global Opportunity Fund X (SOF X) to invest in high-yielding, multi-let assets in Continental Europe, has agreed to acquire or has completed the purchase of 17 properties in Germany and the Netherlands.
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Asset Manager News
M&G Real Estate invests in prime Italian high street retail
M&G Real Estate has acquired the corporate entity holding a prime high street retail asset in central Milan from Italian developers, PRIA SpA. The asset will become part of M&G Real Estate’s core European property strategy, managed by David Jackson and Simon Ellis.
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Asset Manager News
AEW Europe launches opportunistic investment partnership
AEW Europe has signed an investment programme focused on German retail assets as part of the expansion of its opportunistic platform. AEW Europe is working with its local partner, Kintyre to source and structure investments in Germany and will initially look to build a €150 million portfolio of assets in lot sizes of €5-15 million.
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Asset Manager News
Bouwinvest’s Dutch Office Fund Beats IPD’s Multi-Year Annual Property Index
Bouwinvest’s Dutch Office Fund has strongly outperformed the latest benchmark IPD Netherlands Annual Property Index over both three-year and five-year periods. The Office Fund’s average three-year total investment return was 1.1% compared with -0.9% for the benchmark.
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Asset Manager News
Bouwinvest’s Dutch Residential Fund Beats IPD Annual Property Index for Fifth Year in Succession as it Plans Additional €700 million Investment Programme in Housing
The Dutch Residential Fund of real estate manager Bouwinvest outperformed the Investment Property Databank’s (IPD) Netherlands Annual Property Index for the fifth year in a row in 2014 with a total investment return of 5.8% versus the market benchmark’s 5.2% last year.
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Asset Manager News
Bouwinvest’s Dutch Retail Fund Trumps IPD Annual Property Index in 2014
Bouwinvest’s Dutch Retail Fund outpaced the IPD Netherlands Annual Property Index in 2014 with an average total investment return of 2.7%, compared with 2.0% for the benchmark. The Retail Fund also beat IPD’s Dutch market multi-year averages with a total return of 5.3% for three years and 6.3% for five years, versus 2.6% and 4.5% respectively for the index.
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Asset Manager News
Office Fund Rents 3,600 sqm Renovated Office in Emerging Amsterdam Eenhoorn District
Bouwinvest has rented the 3,600 square metres newly renovated Valina office building in the up and coming mixed-use Eenhoorn district in the east of Amsterdam entirely to publishers WPG Uitgevers.
