All Office articles – Page 15
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Asset Manager News
Sl Green, National Pension Service Of Korea And Hines Form Joint Venture Partnership At One Madison Avenue
Manhattan’s largest office landlord, today announced that it has sold a 49.5% interest in One Madison Avenue to the National Pension Service of Korea (“NPS”) and Hines Interest LP (“Hines”). NPS and Hines have committed aggregate equity to the project totaling no less than $492.2 million. SL Green Realty Corp. and Hines will co-develop the $2.3 billion project, which will span 1.4 million rentable square feet upon completion.
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White papers
Economic and Property Overview: Q1 2020
The first quarter of 2020 was shaped by the coronavirus, by the end of March 2020 a total of 29,474 confirmed cases and 2,352 deaths were reported for the UK. One month after the quarter end, the number of cases and deaths surged to 194,990 and 29,427 respectively. The costs to the British economy have been considerable; government-imposed lockdown measures to slow the spread of the virus have disrupted business activity, knocked consumer confidence and reduced business confidence levels to record lows. The flash PMI’s plunged from 53.0 in February to 37.1 in March, with a figure of 50+ representing economic expansion, it is now widely anticipated that the economy will contract in March.
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Asset Manager News
Invesco Real Estate Completes Atlanta Office Investment
Invesco Ltd. today announced that Invesco Real Estate, the company’s global real estate investment business, has acquired “Edison Windward” a newly-built office project in the desirable Atlanta real estate submarket of Alpharetta for an undisclosed sum on behalf of one of its separate account clients.
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White papers
Real estate: on the brink of transformational change
As the world copes with lockdown, our sense of space has been immediately and viscerally impacted. Offices sit empty, shops, hotels, pubs and restaurants are shuttered, and for many of us our home is now our castle. With markets responding in real time, what does the crisis mean for real estate?
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Asset Manager News
Well Living Lab, Delos, Cushman & Wakefield And Hines Align To Advance Return-To-Workplace Guidelines In Response To The Covid-19 Pandemic
Well Living Lab to evaluate methods and establish guidelines to reduce air and surface viral transmission, strengthen physical-distancing measures and enhance employee performance as organizations contemplate their return to offices
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White papers
The value of connected buildings
4ORTY in London has been awarded WiredScore gold certification for its outstanding digital infrastructure
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White papers
Hines Global Income Trust Completes Sale Of Bishop’s Square
Hines, the international real estate firm, announced today the sale of Bishop’s Square by Hines Global Income Trust, Inc. (“Hines Global”). The Class A office building, located in Dublin’s Central Business District, was acquired in 2015 and was sold to GLL Real Estate Partners.
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White papers
Research Blast: COVID-19 European Office Markets Series, Edition 1 – April
Within a matter of weeks, COVID-19 has caused an unprecedented level of disruption to all asset classes. Office real estate markets are by no means immune to this, but due to the illiquid nature of the asset class it will be several months, if not longer, before the true impact is fully reported through data.
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Asset Manager News
PATRIZIA buys large office building in Luxembourg city centre
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of the AIRE office building in Luxembourg City on behalf of its institutional clients. The acquisition increases the number of properties PATRIZIA manages in Luxembourg to 13, comprising total space of around 87,000 sqm, with a total value of approximately EUR 800 million.
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Asset Manager News
PAMERA buys 14,500 sq m multi-let property in southern Düsseldorf from M7 Real Estate
PAMERA Real Estate Partners (“PAMERA”), acting for a family office managed by the company, has acquired a 14,500 sq m office property with storage/production space at Reisholzer Werftstrasse 38-42, in the south of Düsseldorf. The vendor is M7 EREIP IV, an M7 Real Estate (“M7”) fund, for which M7 is the asset manager.
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White papers
Covid-19 Special Update: Logistics & Offices Resilient
As economists adjusted their economic growth forecasts down, it seems inevitable that most leading European economies will enter recession in 2020. To place the current uncertain situation in a relative context, we present three different scenarios:
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Asset Manager News
Hines Completes Sale of Stuttgart Office Asset
The 14,822-square-meter office complex has been sold to investment management company Arminius, acting on behalf of German institutional investors, for an undisclosed price, after a competitive sales process managed by Colliers International.
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Asset Manager News
Invesco Real Estate Sells Prime Frankfurt Mixed-Use Asset To Luwin Real Estate Managers
Invesco Real Estate sells Neue Mainzer Straße 74+80 in Frankfurt (‘Ma’Ro’) to LUWIN Real Estate Managers GmbH The sale crystallizes strong performance for investors in Invesco’s core European programme LUWIN sees strong potential to further develop and optimize the asset
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White papers
Real Estate Outlook – Japan, Edition 2020
Opportunities despite traditional vulnerabilities.
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White papers
The implications of COVID-19 for real assets
The human cost of COVID-19 is likely to rise significantly, along with its impact on economies and financial markets as nations enact measures to contain its spread. We summarise recent developments and what they might mean for European real assets markets.
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White papers
Outlook 2020: European commercial real estate
Parts of European commercial real estate look challenged in 2020, but opportunities can still be found, especially in “winning cities”.
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White papers
Beyond the CBD: Sweet Spots In the Urban Fringe & Suburbs
The COVID-19 pandemic is unexpected and still rapidly developing globally which will impact the U.S economy and commercial real estate investments. The duration, scale and severity of the outbreak are still unknown. This report represents the views of Clarion Partners as of March 2020 and does not address any impact or potential impact of the pandemic.
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Asset Manager News
The towering attraction of Berlin’s booming business district
Treptower literally towers over the rest of the trendy waterfront development project known as Mediaspree, which has become the chic place to live and work in Berlin. But what is now the preferred location for the creative industries was once an under-the-radar neighbourhood, separating the West from the East.
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White papers
Real Estate Outlook – APAC, Edition 2020
Mixed fortunes offer up diverse opportunity sets in the next five years.