All Office articles – Page 23
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White papers
US real estate outlook 2019
Outlook 2019 presents our Base Case expectations for direct-investment commercial real estate, given the trends we anticipate in the economy and capital markets. We believe our Base Case scenario is the most probable outcome and dedicate the rest of the document to laying out the details. It is not, however, the only scenario we consider.
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White papers
Europe Real Estate Market Outlook - March 2019
Economic growth softens, while macro tailwinds remain strong Emerging submarkets driven by new infrastructure offer bottom-up opportunities Defensive qualities of the residential sector creates attractive long-term potential
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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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White papers
Economic and Property Overview: Q4 2018
GDP growth moderated in the final quarter, after a strong summer; output grew by 0.3% for the three months to November, down 30bps on Q3. As expected, the service sector accounted for the largest share of growth adding 0.24 percentage points, the construction sector also contributed to GDP growth, while the production sector knocked 0.12 percentage points off growth owing to weak activity in the manufacturing sector, which suffered the longest period of month-on-month output falls since the financial crisis.
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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
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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People News
Orchard Street appoints Dana Eisner to newly created role of Head of Investor Relations
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, is pleased to announce the appointment of Dana Eisner to a newly created strategic role of Head of Investor Relations.
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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
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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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
KGAL “hanseWasser” real estate in Bremen honoured with DGNB Platinum certificate
Grünwald, 19.12.2018 – The property in the Überseestadt district of Bremen, has been honoured with a Platinum certificate from the German Sustainable Building Council (DGNB) in recognition of the contemporary and sustainable quality of the build. The property is looked after and managed by KGAL Investment Management and is part of one of the largest urban development projects in Europe. The building is the headquarters of the sewerage company hanseWasser Bremen GmbH.
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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. -
Asset Manager News
Google Signs Deal for New Office at 345 Hudson
Google (NYSE: GOOG) has signed a 180,000-square-foot lease for new office space at Trinity Hudson Holdings’ 345 Hudson Street, which will commence in 2019. The deal was announced by operating partner Hines, on behalf of a joint venture comprised of Trinity Real Estate and Norges Bank Real Estate Management.
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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
KGAL acquires an office asset in Fellbach
With the acquisition of a multi-tenant office property in Fellbach near Stuttgart, independent investment and asset manager KGAL is adding another commercial property with long-term lets to its internationally oriented special real estate AIF.
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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.