Manager News – Page 29
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Asset Manager News
PGIM Real Estate enters joint venture with AVENTOS in German industrial
FRANKFURT, October 22, 2021 – PGIM Real Estate, on behalf of its European value-add strategy, has entered into a joint venture with AVENTOS to acquire warehouse/logistics and light industrial properties across Germany. PGIM Real Estate is the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Edmond de Rothschild REIM confirms its ambitions in the London office market
Edmond de Rothschild strengthens its European real estate investment management platform with the appointment of Derek Williams who joined the Group as Head of UK Commercial Fund Management on 14 September 2021. He will be responsible for developing a new strategy focused on London offices.
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Asset Manager News
PGIM Real Estate arranges $106M Fannie Mae credit facility for nine affordable housing properties
NEWARK, N.J., October 20, 2021 – PGIM Real Estate has arranged a $106.763 million Fannie Mae credit facility on behalf of a nationwide owner and operator of affordable housing communities for a nine-property multifamily affordable housing portfolio located across Texas, New Mexico and Colorado. 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
Orchard Street completes 31,600 sq ft of lettings at Manchester’s Bauhaus
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two lettings across six floors at its flagship Bauhaus office in Manchester city centre.
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Asset Manager News
Another grand year - 2021 GRESB Real Estate and Infrastructure Assessments
Following on from previous years, UBS Asset Management, Real Estate & Private Markets’s (REPM) sustainability efforts continue to be recognized by the industry, with strong results in the 2021 GRESB Real Estate and Infrastructure Assessments.
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Asset Manager News
GLP Raises $2.75 Billion for GLP Japan Development Partners IV
Largest Japan-focused private real estate fund to date; Expected to reach over JPY 1 trillion (~$9.1 billion) AUM when fully deployed
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Asset Manager News
GTIS Partners Announces $248 Million Transaction in Real Estate Logistics Assets in São Paulo Brazil
GTIS Partners LP, (“GTIS”), a real estate private equity firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, today announced the completion of the acquisition of $248 million (R$1.37 billion) in real estate assets by its GTIS Brazil Logistics Real Estate Investment Fund.
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Asset Manager News
Equinix and PGIM Real Estate Enter into a US$575 Million JV to Extend Hyperscale Data Center Program into Australia
REDWOOD CITY, Calif. – October 18, 2021 – Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial’s global asset management business, today announced an agreement to establish a US$575 million joint venture in the form of a limited liability partnership to develop and operate two xScale data centers in Sydney, Australia.
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Asset Manager News
GLP Real Estate Strategies Score High in 2021 GRESB Assessment
GLP announced today another year of exceptional results in the 2021 Global Real Estate Sustainability Benchmark (“GRESB”) assessment, the leading global environmental social and governance (“ESG”) benchmark for real estate and infrastructure investments across the world.
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Asset Manager News
Generali Real Estate awarded three times by MSCI at the European Property Investment Awards 2020
At the annual MSCI UK and European Property Investment Awards, based on the 2020 performance, Generali Real Estate has been recognized as the winner in three categories:
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Asset Manager News
KGAL acquires residential development project near Cologne
KGAL Investment Management GmbH & Co. KG has acquired part of the residential complex “Rheintal Quartier” in Wesseling for its new fund KGAL Wohnen Core 3. The section acquired totals 6,218 square metres of rental area and will comprise 101 residential units across four buildings. Completion is scheduled for the fourth quarter of 2023. The seller was weisenburger projekt GmbH.
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Asset Manager News
GLP’s Hidden Hill Capital and YKC Clean Energy Technologies Launch RMB Fund to Advance ‐ Smart EV Charging Infrastructure in China
Today, Hidden Hill Capital (“Hidden Hill”), a private equity platform of GLP China, announced the launch and first close of an RMB fund with YKC Clean Energy Technologies (“YKC Charging”), China’s leading renewable energy SaaS provider, to invest in smart electric vehicle (“EV”) charging infrastructure in China.
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Asset Manager News
Manchester’s Bauhaus becomes UK’s first refurbished building to be awarded WELL Gold status
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that its Bauhaus Office scheme, located between Manchester’s Spinngfields and St. John’s districts , has achieved a WELL Gold accreditation by sustainability and wellness certifier, the International WELL Building Institute (IWBI). The certification makes Bauhaus the only refurbished building in the UK to have received the accreditation, and just one of only three UK buildings in total, following its comprehensive upgrade by Orchard Street.
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Asset Manager News
Orchard Street signs three tenants in quick succession at prime Farringdon office scheme
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed three further lettings at its newly refurbished 75 Farringdon Road office building in London’s Midtown, leasing c.11,000 sq ft of space and bringing the scheme to over 60% let.
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Asset Manager News
Busaba makes Welsh debut with 4,000 sq ft letting at Orchard Street’s Brewery Quarter, Cardiff
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has signed a c.4,000 sq ft letting with Thai restaurant chain Busaba at the Brewery Quarter, one of Cardiff’s leading leisure destinations. The company has agreed to a 15-year lease across the ground and terrace floors of the property, which will be home to Busaba’s first restaurant in Wales.
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Asset Manager News
Orchard Street receives planning approval to transform former Debenhams store into student-led mixed-use scheme
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has received planning permission from Leeds City Council to transform the former Debenhams store on Briggate, Leeds, into a new mixed-use asset.
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Asset Manager News
Orchard Street accelerates timeline to meet ESG targets with launch of ambitious net zero carbon pathway
Firm is targeting becoming a net zero carbon business by 2040, ten years earlier than planned, as responsible investment approach gains momentum
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Asset Manager News
GTIS Partners and Southern Land Company Complete Sale of Office Component of Rêve Boulder to Google
GTIS Partners (“GTIS”), a real assets investment firm that manages in excess of $4 billion in gross assets with a US focus on residential investments, and Southern Land Company (“SLC”), a national real estate developer of mixed-use developments and master-planned communities, completed the sale of the office component of Rêve Boulder, a mixed-use community located in a Qualified Opportunity Zone (QOZ) at 30th & Pearl Streets in Boulder, Colorado to Google.
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Asset Manager News
PATRIZIA plans to relocate London HQ to landmark hClub building, leading the way in shaping the office of the future
PATRIZIA AG plans to relocate its London HQ from Knightsbridge to the hClub in the heart of London’s vibrant Borough of Camden and its Covent Garden district.
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Asset Manager News
KGAL back in London: acquisition in West End
As conditions in the London commercial real estate market have become increasingly attractive for investors, KGAL Investment Management GmbH & Co. KG is investing in London again. The German asset manager has acquired the office building “101 St Martin’s Lane” in London’s West End for its fund KGAL Core 4. The seller is Legal & General Investment Management Limited. The building offers a total of approximately 47,600 square feet of leasable space.