All Office articles – Page 18
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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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White papers
UK commercial real estate – 2018 year in review
Returns for 2018 have yet again exceeded most forecast expectations. We take a closer look at the outlook for UK property in 2019 against an increasingly uncertain political and economic backdrop.
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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
UBS Asset Management acquires prime Frankfurt office tower for EUR 155 million
Landmark tower block in Frankfurt’s CBD acquired on behalf of a client mandate
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Asset Manager News
UBS Asset Management UK real estate debt fund reaches conclusion of investment period with over GBP 338 million of completed lending
- UBS-PREMF takes total committed loans to 140% of equity raised at Fund’s conclusion
- GBP 45.4 million of new lending completed during 2018
- Initial gross returns in line with target in excess of 8.5% p.a. -
White papers
Economic and Property Overview: Q3 2018
The UK economy had a strong start to Q3 2018, output grew by 0.7% for the three months to August, an uplift of 30bps from Q2. All three sectors of the economy: services, construction and the production sector contributed positively to GDP growth, with the service sector (accounting for c.80% of the UK economy) providing the largest positive contribution to the headline figure.
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Asset Manager News
The reopening of Palazzo Bonaparte, high quality office spaces in a unique setting at the heart of Rome
Generali Real Estate SGR announces the reopening of Palazzo Bonaparte, one of Rome’s most fascinating palaces, following the completion of a major refurbishment lasting more than a year.
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Asset Manager News
Orchard Street acquires prime asset on Soho’s Wardour Street for £55 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 141 Wardour Street, a prime mixed-use asset in Soho, London for £55 million. The purchase price reflects a net initial yield of 4.31% and the acquisition was made on behalf of St James’s Place UK Plc.
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Asset Manager News
Generali Real Estate welcomes WeWork in Milan, in via Meravigli 2
Generali Real Estate announces that WeWork, the innovative global network of work spaces where companies and people grow together, has selected the building in via Meravigli 2, in Milan, to host one of its first locations in Italy.
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Asset Manager News
Orchard Street completes refurbishment at Bauhaus in Manchester
Orchard Street Investment Management, is nearing completion of a comprehensive refurbishment of Bauhaus, its prime Grade A office building totalling 50,000 sq ft on Quay Street in Manchester City Centre.
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Asset Manager News
Orchard Street acquires multi-let Fitzrovia freehold for £38.5 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 27-35 Mortimer Street, a mixed-use office and retail building in London’s Fitzrovia, for £38.5 million from Great Portland Estates plc. The purchase price reflects a net initial yield of 3.90% and the acquisition was made on behalf of St. James’s Place UK PLC.
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White papers
Europe Real Estate Market Outlook: October 2018
Economic growth in the Eurozone has softened in 2018 with trade uncertainties, but a number of macro tailwinds should support steady momentum going forward. GDP grew in Q1 and Q2 by 0.4% and 0.3% respectively, down from the 0.7% quarter-on-quarter growth seen over the second half of 2017.
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White papers
Eurozone Real Estate Outlook: 2H18
The outlook for 2018 has been upgraded compared to six months ago, largely due to a significant upgrade in the industrial sector and slight increase in offices.
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White papers
UK Real Estate Outlook: 2H18
Much of the positive momentum from 2017 continued into the first half of 2018, with the annual total return at 2Q18 standing at 9.4%, only a slight slowdown from the 10.3% achieved the previous year.
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White papers
Real Estate Summary: Edition 3 2018
Despite the current fundamental backdrop for real estate investment remaining supportive, risk is on the rise.
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Asset Manager News
Schroders JV completes cross-border investment to acquire Frankfurt office tower
A strategic partnership led by Schroder Real Estate (Schroders) and funded by Ilmarinen Mutual Pension Insurance Company alongside another international institution completed the purchase of Pollux (Platz der Einheit 2), a 32 storey office tower in Frankfurt, based on a gross property value in excess of €220 million.
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Asset Manager News
UBS Asset Management gets into ‘The Flow’ with acquisition of striking Amsterdam office development
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that it has acquired, by way of forward-purchase, The Flow, an office development in Amsterdam, from ToBeDeveloped.
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White papers
Real estate investors face risks as euro zone reaches turning point
The European economy continues to grow above trend rates, but investors should be wary of rising bond yields and rapid development in some markets, says Vivienne Bolla.
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Asset Manager News
Orchard Street acquires prime Clerkenwell building for £18.5 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 80 Clerkenwell Road, London EC1 for £18.5 million. The acquisition was made on behalf of a pension fund client from DTZ Investors.