Manager News – Page 57
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Asset Manager News
Deka Immobilien makes a good start to 2019
With net retail inflows already exceeding EUR 800 million within the first four weeks of January, Deka Immobilien has made a good start to 2019. Around EUR 200 million of these inflows came from the reinvestment of dividends.
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Asset Manager News
UBS Asset Management launches long income UK property fund seeded with GBP 90 million hotel portfolio
Open-ended UK long-lease strategy focused on alternative real estate sectors Targeting net income return of 5% p.a. Circa GBP 90 million committed from initial investor
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Asset Manager News
Huntington townhome project moves forward
The start of sales for a long-awaited housing development on the border of Nassau and Suffolk counties is scheduled for next week.
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Asset Manager News
Triangle Equities moving forward with luxury Long Island seniors development
The long-awaited development of a luxury townhome community for the over 55s in tony Woodbury is set to move forward.
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Asset Manager News
PATRIZIA launches new EUR 700m healthcare fund
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has launched its third healthcare fund with a focus on care properties in Germany.
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Asset Manager News
M7’s first dedicated French fund now fully invested with acquisition of €35 million of office and light industrial assets
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has agreed to acquire, on behalf of M7 French Active Fund (“M7 FAF” or the “Fund”), four multi-let office and light industrial assets in France for €35.5 million in four separate transactions. These transactions mean that the Fund is now fully invested with AUM of approximately €115 million, having raised €60.5 million from a broad range of investors based in Asia, the USA and Europe and following a final close in October 2018.
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Asset Manager News
Poste Vita And Generali Real Estate Co-Invest In European Real Estate
Poste Vita and Generali Real Estate have signed a frame agreement aimed at co-investing in the European real estate sector.
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Asset Manager News
Are Entire Build-to-Rent Communities Coming?
Investors are shifting their strategies to focus on new development due to an increase in competition from a tight supply of housing inventory in many markets, the National Real Estate Investor reports.
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Asset Manager News
Single-Family Rental Investors Make Bigger Bets on Build-to-Rent Homes
As competition for existing SFR assets intensifies, investors increasingly look at development.
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Asset Manager News
McAleer & Rushe sells The Brinell Building, Brighton to Orchard Street for £39 million
Developer and contractor McAleer & Rushe has exchanged contracts to sell the Brinell Building in Brighton. The company is selling the speculative office development for £39 million, reflecting a yield of 4.75%, to Orchard Street Investment Management, who has purchased it on behalf of St James’s Place Property Unit Trust.
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Asset Manager News
Triton acquires prominent office asset on London’s Southbank for GBP 75.7 million
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that its Triton Property Fund (Triton or the Fund) has acquired 42 Southwark Bridge Road, a prominent office asset located on London’s Southbank, for GBP 75.66 million.
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Asset Manager News
Warburg-HIH Invest Acquires Historic Warehouses in Hamburg-Altona from Aurelis
Warburg-HIH Invest Real Estate (“Warburg-HIH Invest”) just acquired “Güterhallen,” a historic warehouse complex
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Asset Manager News
Warburg-HIH Invest Sells Office Property in Liverpool / TH Real Estate Facilitates Sale in Advisory Role
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) just sold an office property with a gross lettable area of 12,500 square metres in Liverpool
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Asset Manager News
Orchard Street acquires prime Thames Valley industrial estate for £15.7 million from Kier Property and Investec
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of Trade City Reading, a multi-let industrial estate in Reading, developed in Joint Venture by Kier Property and Investec. The asset was acquired on behalf of St. James’s Place UK Plc. for £15.68 million, reflecting a net initial yield of 4.70%.
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Asset Manager News
M7 Real Estate purchases £22.4 million portfolio of assets for REIP VI
M7 Real Estate, the pan-European real estate investor and asset manager, announces that, on behalf of M7 Real Estate Investment Partners VI (“M7 REIP VI”), it has acquired a total of six office and logistics assets, from six vendors, for £22.4 million.
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Asset Manager News
KGAL buys Mühldorf retail park annex building in Austria
KGAL Group is expanding its real estate portfolio in Austria with the acquisition of a contemporary annex building to Mühldorf retail park in Feldbach, Styria. The property will become part of an open-ended special property fund focused on Austria, which is administered by HANSAINVEST Hanseatische Investment GmbH as a regulated capital management company for services (Service KVG).
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Asset Manager News
PATRIZIA grows Asian network with acquisition of Japan-based Kenzo Capital Corporation
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired the business of Kenzo Capital Corporation, the Tokyo-based real estate advisory and asset management firm, as well as the fund management and placement activities of Kenzo Japan Real Estate GmbH.
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Asset Manager News
Hines completes logistics acquisition on behalf of its European Value Fund
(LONDON) – Hines, the international real estate firm, has acquired Cribbs Causeway Distribution Centre, a value add-profile logistics investment located in Bristol, a key UK distribution hub, on behalf of the Hines European Value Fund (HEVF).
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Asset Manager News
PATRIZIA acquires iconic Eurotower in Frankfurt for Fubon Life
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired the Eurotower office building in Frankfurt – one of the most recognisable buildings in European finance – for Fubon Life, one of the largest Taiwan-based insurance companies, for an undisclosed price.
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Asset Manager News
Generali Real Estate acquires large scale portfolio in France from Monoprix
Generali Real Estate S.p.A. has completed, on behalf of two Generali Group entities, the acquisition of a portfolio of 53 assets operated by Monoprix, a French leading high street retailer, for approximately €600 million.