Manager News – Page 16
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Asset Manager NewsEuropa Capital’s core fund agrees lease extension with XPO Logistics in the Netherlands
Europa Capital, the pan-European real estate investment manager, announces it has agreed a lease extension with XPO Logistics at its c. 51,100 sq m distribution facility in Oss in the Netherlands, on behalf of its new open-ended vehicle, the Europa Diversified Income Fund (“EDIF” or the “Fund”). In the Netherlands, Europa Capital is assisted by local representatives, ARC Real Estate Partners.
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Asset Manager News
Kamco Invest Group and M7 aggregate c. £62.5m portfolio of high quality regional UK offices
Kamco Invest Group and M7 Real Estate (“M7”), the pan-European investor and asset manager, have completed the acquisition of three office buildings in three separate transactions across primary regional UK cities. The transactions are supported by Aviva Investors, who have provided a newly originated senior debt facility towards the purchase of the office assets.
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Asset Manager News
Generali Real Estate acquires Kotva department store in Prague
Prague - Generali Real Estate has acquired the Kotva department store on behalf of the pan-european fund “Generali Real Estate Asset Repositioning S.A.” (GREAR) - a fund dedicated to value add strategies in all the major European countries - from the real estate company PSN.
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Asset Manager News
PGIM Real Estate acquires two residential buildings in Paris for its European core strategy
PGIM Real Estate has acquired a residential portfolio of two properties, located in the 16th arrondissement of Paris, on behalf of its European core strategy. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
M7 Real Estate sells 3,800 sq m office building in Porto, Portugal
M7 Real Estate (“M7”) the pan-European investor and asset manager specialising in multi- tenanted properties, announces the sale, off market, of an office building in Porto, Portugal, on behalf of M7 Portuguese Active Fund (“M7 PORAF” or the “Fund”) to a Portuguese real estate investment fund.
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Asset Manager News
M7 assembles £300 million UK retail warehouse portfolio with full deployment of M7 Box + I and M7 Box + II funds
M7 Real Estate (“M7”), the pan-European investor and asset manager, has assembled just over a £300 million portfolio of 19 retail warehouses following the full deployment of capital raised across its M7 Box+ I and M7 Box+ II funds. Both funds, which were launched in H2 2020, focus on carefully selected UK retail warehouses with potential for future rental and capital growth, through asset management and an anticipated re-pricing of the asset class as the logistics function of these properties in the last mile delivery chain grows.
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Asset Manager News
M7 & private equity partner commence new Portuguese industrial & office joint venture with €41 million acquisition
M7 secures €20.55 million debt facility in new banking relationship with Novo Banco
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Asset Manager News
M7 Real Estate supports Croatia’s largest pension fund as it diversifies into real estate
€21 million logistics investment marks first real estate acquisition
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Asset Manager News
M7 Real Estate sells Forum Marburg to Family Office
M7 Real Estate (M7) the pan-European investor and asset manager specialising in multi-tenanted real estate, has sold Forum Marburg, in Marburg, Hesse, to Silberbaum Capital on behalf of M7 ISLAY (the “Fund”).
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Asset Manager News
Orchard Street completes first letting at West London’s greenest industrial estate
Airbox to take c. 20,000 sq ft at carbon neutral A+ rated Communication Park in Feltham, following its redevelopment
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Asset Manager News
2020: A resilient year
We delivered a resilient performance for 2020 despite an uncertain market environment. This resilience, and the quality of our portfolio, is clear in our rental recovery of over 97% resulting in a cash dividend of €102.5 million for our shareholders.
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Asset Manager News
Investor survey: Pandemic redefines office investment landscape
European real estate investors are rethinking their office property strategies in the wake of the coronavirus pandemic. While the old mantra of location, location, location still holds true, a shift towards core, core, core is apparent in the current situation.
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Asset Manager News
Farming for the future? - Green News & Views - Growing a greener world with farmland
Sustainable farmland practices play a vital role in reducing greenhouse gas emissions as well as conserving energy and water. It can also help to meet global demand for food, while encouraging sustainable practices benefiting the environment over the long-term.
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Asset Manager News
Europa Capital bolsters development capabilities with appointment of Lynn Smith as new Development Director
Europa Capital, the pan-European real estate investment manager, has appointed Lynn Smith as Development Director.
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Asset Manager News
PGIM Real Estate Completes Nearly $30 Billion In Transactions Worldwide In 2020
PGIM Real Estate completed nearly $30 billion in transactions worldwide in 2020. The volume represents a total of 911 transactions and includes $10.2 billion in real estate equity investments and dispositions on behalf of third-party investors, in addition to $19.5 billion in real estate financing. PGIM is the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
PGIM Real Estate invests in Taronga Ventures in support of global innovation strategy
As part of its effort to expand and strengthen its global innovation strategy through key partnerships, PGIM Real Estate has acquired a strategic equity stake in Taronga Ventures, further supported by a commitment to Taronga’s RealTech Ventures Fund. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Europa Capital signs fifth occupier for the Olympia Business Centre in Munich as office leasing momentum continues
Europa Capital, the pan-European real estate investment manager, announces alongside its joint venture partner, Bayern Projekt, that it has pre-let a further 2,500 sq m of office space at the Olympia Business Centre (the “OBC”) in Munich, Germany, on behalf of its value add fund, Europa Fund V. This latest leasing success for the joint venture is the largest single letting by space in the Munich- Moosach office submarket in 2020.
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Asset Manager News
M7 Real Estate sells 8,500 sq m logistics property near Hamburg
M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces the sale, on behalf of the M7 EREIP IV fund (“the Fund”), of a logistics property in Neu Wulmstorf, near Hamburg. The purchaser is Crossbay, a pan-European last mile logistics platform managed by MARK (formerly Meyer Bergman).
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Asset Manager News
Europa Capital and Seven Dials launch British Light Industrial Platform with target GAV of over £100 million
Europa Capital, the pan-European real estate investment manager, announces the launch of the British Light Industrial Platform (the “Platform”) for its latest value add fund, with a £27 million seed portfolio of three industrial assets, which have been assembled through individual transactions. The investment programme is being undertaken with Seven Dials, who will act as the Platform’s asset manager.
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Asset Manager News
PGIM Real Estate raises £190m to launch UK Affordable Housing Fund
PGIM Real Estate has launched its UK Affordable Housing Fund, with an initial capital raise totaling £190 million, from the Northern LGPS and Brunel Pension Partnership. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
