Manager News – Page 28
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Asset Manager News
PATRIZIA closes GLI urban logistics investment platform as new sidecar to TransEuropean VII with circa EUR 1 billion firepower to invest
PATRIZIA AG announces the final close of its GLI platform, a London urban logistics sidecar investment to its flagship discretionary value add fund, TransEuropean Property VII LP.
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Asset Manager News
Orchard Street brings TfL to Woodford Green industrial estate with 37,000 sq ft letting
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has signed a 37,000 sq ft letting with Transport for London (‘TfL’) at its Woodford Green industrial estate.
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Asset Manager News
PGIM Real Estate arranges $105M Fannie Mae refinance for California multifamily properties
NEWARK, N.J., Nov. 16, 2021 – PGIM Real Estate has arranged $105.24 million in Fannie Mae refinance loans on behalf of Goldrich Kest, a privately owned diversified real estate owner and operator, for six multifamily properties located throughout California. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
a.s.r. again included in Dow Jones sustainability index
This year a.s.r. has once again been included in the Dow Jones Sustainability World Index, the index that monitors sustainability of companies worldwide. This was announced last Friday by S&P Global, the company that publishes the index. a.s.r. is now among the 10% most sustainable insurers worldwide.
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Asset Manager News
PGIM Real Estate grows APAC logistics footprint with two food warehouses in Korea
SINGAPORE, 11 November 2021 – PGIM Real Estate has strengthened its logistics portfolio in Asia Pacific with the acquisition of two properties in Seoul on behalf of the firm’s Asia Pacific core strategy and through a joint venture with Singapore’s CapitaLand Investment. The properties were acquired from Foodist Co. Ltd and have significant cold chain facilities that support Foodist’s operations of catering and food distribution.
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Asset Manager News
PATRIZIA 9M 2021 financial results: Strong growth in business activity and continued improvement in earnings quality
PATRIZIA AG, a leading partner for global real assets, generated strong growth in its business activity in the first nine months of 2021, despite the ongoing economic challenges posed by the global Covid-19 pandemic.
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Asset Manager News
PATRIZIA expands logistics investments with larger footprint in Spain
PATRIZIA AG, a leading partner for global real assets, has forward purchased a logistics warehouse development in Illescas, Spain, for approx. EUR 56m, on behalf of its institutional clients. The asset will have a combined surface of 92,000 sq m and is scheduled to be completed by the first quarter of 2023.
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Asset Manager News
KGAL wins the European Pensions “Infrastructure Manager of the Year” award
At the recent prestigious European Pensions Awards 2021 in London, leading independent investment and asset manager KGAL was honoured for its achievements in the field of renewable energies. The decisive factors for this accolade were KGAL’s expertise and commitment to its investors.
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Asset Manager News
GLP Announces $1.75 Billion First Close of CLF III, the Third Vintage of its Flagship China Development Fund Series
More than $7 billion of discretionary development capital for logistics real estate development in China, more than any other private real estate manager
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Asset Manager News
PGIM Real Estate finances $85M supplemental loan for Sunbelt industrial portfolio
DALLAS, Nov. 4, 2021 – PGIM Real Estate has provided an $85 million supplemental loan on behalf of its U.S. core strategy to DRA Advisors for its 140-building industrial portfolio that spans the U.S. Sunbelt region. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
GLP Joins UN PRI to Promote Responsible Investment Practices
Today GLP announced it became a signatory to the United Nations- supported Principles for Responsible Investment (PRI), demonstrating our ongoing commitment to environmental, social and governance (ESG) and further aligning our values to our investment partners.
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Asset Manager News
PATRIZIA wins mandate dedicated to real estate debt, further strengthening its position as a leading global real assets player
PATRIZIA AG, a leading partner for global real assets, has taken on a new mandate purely focused on real estate debt and is strengthening its position as a leading independent global real assets investment manager.
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Asset Manager News
Logistic real estate still delivers the goods despite corona challenges
The logistics boom continues despite – or actually because of – the COVID-19 pandemic. A new report from PATRIZIA looks at the seven developing trends to watch in this space.
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Asset Manager News
KGAL successfully divests European renewables portfolio
KGAL achieves attractive returns with the sale of a 152.4 MW renewables portfolio in France and Germany. The portfolio was acquired by leading Italian independent power producer ERG, through its subsidiaries ERG Eolienne France SAS and ERG Windpark Beteiligungs GmbH.
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Asset Manager News
BentallGreenOak announces its commitment to achieving Net Zero emissions by 2050 or sooner for its entire global real estate portfolio
BentallGreenOak announces its commitment to achieving Net Zero emissions by 2050 or sooner for its entire global real estate portfolio
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Asset Manager News
A thoroughly modern Louise
Transforming a historic landmark into an icon of modernity. The Louise in Brussels is being given a modern makeover. This office building on Avenue Louise is being reimagined and repurposed to meet the changing work requirements of a post-pandemic workforce.
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Asset Manager News
PGIM Real Estate provides $50M loan for Mesa, Arizona apartment community
MESA, A.Z., Oct. 28, 2021 – PGIM Real Estate has provided a $49.93 million acquisition loan facility on behalf of its U.S. core-plus strategy to Western Wealth Capital for the acquisition and renovation of Delano Apartments, a 265-unit single-story garden-style apartment community located in Mesa, Arizona. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Pro-invest Group announces first NABERS Carbon Neutral hotel
Holiday Inn Express Newcastle becomes the first Australian hotel to achieve Carbon Neutral certification under the NABERS Pathway
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Asset Manager News
Edmond de Rothschild REIM buys office building in Brussels
Edmond de Rothschild REIM has purchased the Empereur Building in Brussels for its Benelux Commercial Real Estate Fund (BCREF) from AIK Immobilien-Investmentgesellschaft mbH. The office property is located at Boulevard de l’Empereur 3-5 in Brussels.
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Asset Manager News
Global Retail Attractiveness Index - European retail markets pull out of downward trend in fourth quarter of 2020
The first Europe-wide lockdown in spring 2020 sent retail markets from Scandinavia to the Iberian peninsula into an unprecedented state of collective shock. This was reflected in the European retail industry barometer, the Global Retail Attractiveness Index (GRAI), which plummeted to a historic low of 89 points in the second quarter.