All Office articles – Page 19
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White papersSustaining the expansion – the Fed cut and what it means for real estate
After weeks of anticipation, speculation and growing confidence on monetary easing, the Federal Reserve (Fed) cut its benchmark short-term interest rate by 25 bps at its July meeting.
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Asset Manager News
GTIS Partners and Graham Street Realty Form Joint Venture; Acquire 104,000-Square-Foot Class A Office Building in San Francisco’s Marin County
GTIS Partners LP (“GTIS”), a real assets investment firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris, and Munich, and Graham Street Realty (“GSR”), an experienced San Francisco-based commercial real estate owner-operator, today announced the formation of their joint venture and the simultaneous closing of their acquisition of Belvedere Place, a Class A office building in Mill Valley, California.
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Asset Manager NewsKGAL Keta investment offering No. 159 completes positively
Following a planned 15-year holding period, the “KGAL KETA Grundstücksgesellschaft mbH & Co. KG” property fund has successfully sold the Kölblgasse 8-10 and Hainburger Straße 33 offices, located in Landstraße, Vienna’s third district. This is expected to result in a profit distribution to investors of around 140% of their invested amount.
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People NewsNuveen Real Estate appoints Steven Lim as Senior Director, Debt Strategies
Global real estate investment manager, Nuveen Real Estate today announced the appointment of Steven Lim as Senior Director, Debt Strategies in Australia, further expanding the firm’s Asia Pacific commercial real estate (CRE) debt business.
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White papersEconomic and Property Overview: Q2 2019
There is growing evidence to suggest that the UK economy slowed in the second quarter, the ONS recorded a 0.3%m/m rise in GDP in May, which partially reversed the 0.4%m/m contraction in April. The upturn in the monthly rate was driven by a recovery in car production which declined by 45% in April after factories temporarily shut down production around the original Brexit date.
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Asset Manager NewsM7 acquires further €65 million of assets for Polish fund
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has acquired a further five office, light industrial and logistics assets in Poland on behalf of its M7 Polish Active Fund (“M7 POLAF” or the “Fund”) for a total of €65 million in three separate transactions.
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White papersCommercial & multifamily mortgage loan investments: An integral part of a fixed income asset allocation strategy
In an era of low returns and high financial market volatility, core commercial and multifamily mortgage loan investments provide fixed income investors an appealing mix of strong relative value, low credit risk, and diversification benefits within a larger fixed income portfolio.
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Asset Manager NewsCentropolis Towers - Responsible Property Investment in Action
The newly built Centropolis Towers represents a landmark property in the heart of Seoul’s Central Business District, Jongno. Completed in 2018, our 134,399 sq m mixed-use development maximises available space, whilst providing occupiers comfort and convenience through the provision of on-site amenities that enhance health, wellbeing and experience.
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Asset Manager News
M7 sells Aerozone Logistics Park in Hungary
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces the sale of Aerozone Logistics Park in Budapest, Hungary, to a South African investor, JTRoss Group on behalf of M7 Central European Real Estate Fund I (“M7 CEREF I” or the “Fund”).
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Asset Manager NewsOrchard Street completes Aberdeen office letting, taking Westpoint Business Park to full occupancy
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed a ten-year lease at Westpoint Business Park in Aberdeen with Borr Drilling Ltd, the international offshore drilling contractor, via its wholly owned subsidiary Paragon Offshore (Land Support) Ltd], who has agreed to take 15,023 sq ft of office space. This latest letting takes the business park to 100% occupancy.
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Asset Manager NewsDekaBank arranges financing in Birmingham
DekaBank has acted as Sole Arranger and Underwriter on a £90.48m five-year term loan secured on Priory Court and The Lewis Building, Birmingham. The loan is being made available to a Property Unit Trust managed by Gulf Islamic investments (“GII”).
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Asset Manager News
Invesco Real Estate Forward-Funds Cluster Office In Paris
Invesco Real Estate forward-funds 17,600 sqm office building in Saint-Denis, North of Paris
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Asset Manager News
Invesco Real Estate To Acquire Strategic Prime Frankfurt Office Complex For €620M
Invesco Real Estate acquiring 80,500 sqm office building complex Die Welle
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Asset Manager NewsSagittarius Business House in Wrocław BREEAM Certified as “Excellent”
Hamburg / Wrocław, 20 June 2019 – The Sagittarius Business House just received its BREEAM International New Construction certificate, scoring an “Excellent” rating. The BREEAM audit was carried out by WSP Polska Sp. Z oo. Definitive for the rating were the transport and waste concept as well as the building’s energy and water consumption.
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Asset Manager NewsGenerali Real Estate completes the full refurbishment of ‘The Corner’ in Milan
Property of Fondo Mascagni and managed by Generali Real Estate SpA Società di gestione del risparmio (GRE SGR), the building was entirely redesigned and refurbished. It will host the headquarters of several primary companies such as Versace and FC Internazionale
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White papers
Real Estate Summary US Real Estate - Edition 2, 2019: Demand remains strong and spreads reversed somewhat in early 2019
US real estate investors are entering year four of a period of relative calm, income-driven performance. Demand is strong. Supply should be monitored closely. Capital flows are supportive but not excessive, even as spreads show signs of easing.
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Asset Manager NewsPATRIZIA sells mixed use portfolio in Copenhagen for EUR 50 million
PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of four mixed use office and residential properties in Copenhagen, Denmark, for €50 million (DKK 372 million) on behalf of its PATRIZIA Nordics Cities Fund. The portfolio has been sold to Jeudan, Denmark’s largest listed real estate company.
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Asset Manager News
Barings Acquires Madrid Office Refurbishment Opportunity
Barings, one of the world’s largest diversified real estate investment managers, announces the acquisition of Severo Ochoa 2 (“The Property”), an office property located at Las Rozas Business Park in Madrid, Spain. The Property was purchased on behalf of institutional investors.
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Asset Manager NewsMajor German investment manager opens affiliate in London
KGAL Capital GmbH & Co. KG, a sales company of KGAL Group, has opened an affiliate in London. KGAL Group is a leading, independent investment and asset manager with assets under management of €20.5bn (£18.2bn). Its investment focus is on long-term capital investments for institutional and private investors in the real estate, infrastructure and aviation asset classes.
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Asset Manager NewsOrchard Street signs two tenants at One King Street, Hammersmith
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two lettings at One King Street, its newly refurbished office and retail asset in Hammersmith. iPlato Healthcare, a London-based Health Tech company, has signed a new five-year lease on 5,712 sq ft of office space at a rent of £53.00 per sq ft, while healthy fast food chain Abokado has taken a 1,954 sq ft retail unit at ground level on a 10 year lease at a rent of £180 psf.
