Real Estate Updates – Page 13
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Asset Manager News
SC Capital Partners and ADIA form Asia Pacific data centre investment programme
SC Capital Partners Pte Ltd (“SC Capital Partners”), the Singapore-headquartered private equity real estate fund manager, has announced the formation of a data centre investment programme with a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”).
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Asset Manager News
GLP Announces $1.2 Billion First Close of China Value-Add Partners IV
Singapore and Shanghai, 22 November 2022 – GLP announced today the first close of GLP China Value- Add Partners IV (“GLP CVA IV”) with $1.2 billion in equity commitments and approximately $2.6 billion of investment capacity from a number of GLP’s long-term institutional investment partners including APG Asset Management N.V (“APG”), the investment manager for the largest pension provider in the Netherlands.
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Asset Manager News
PATRIZIA to accelerate growth in Asia-Pacific with launch of new regional hub in Singapore
Located in Singapore’s central business district, the fully operational office and legal entity will serve as the platform to spearhead PATRIZIA’s real asset investment strategy and growth ambition in APAC.
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Asset Manager News
Quinlan Development Group and GTIS Partners Announce Opportunity Zone Joint Venture for Brooklyn, NY Residential Development
Quinlan Development Group (“QDG”), a multi-generational real estate investment company with a track record of developing over 3.5 million square feet of real estate and over one billion dollars of assets currently under management, and GTIS Partners (“GTIS”), a global real estate investment firm that manages approximately $4.3 billion in real estate with a U.S. focus on residential and industrial/logistics investments, announced today the formation of a joint venture and the acquisition of 374 4th Avenue for the development of a class-A mixed-use residential development located in the Gowanus neighborhood of Brooklyn, NY (the “Project”).
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Asset Manager News
Press release | Generali Real Estate completes the acquisition of historic office and residential building in Berlin CBD from Real I.S.
Generali Real Estate has completed the acquisition of an historic office and residential building in Berlin, Französische Strasse 53-55, on behalf of a real estate fund managed by Generali Real Estate S.p.A Società di gestione del risparmio.
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Asset Manager News
PATRIZIA announces fresh firepower of up to JPY 150bn (c. EUR 1bn) to invest in Japanese real estate
Strategic partnership with major Asian institutional investor will see PATRIZIA invest up to JPY 150bn (c. EUR 1bn) in Japanese real estate
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Asset Manager News
Weaker markets impact PATRIZIA’s 9M 2022 EBITDA: AUM and recurring management fees still growing but FY 2022 guidance adjusted
PATRIZIA SE reports 9M 2022 financial results.
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Asset Manager News
Office tower Quay Quarter Tower in Sydney wins the International High-Rise Award 2022/23
The final of the International High-Rise Award (IHA) 2022/23 has been decided: The winner of the competition for the world’s most innovative high-rise is the office tower Quay Quarter Tower in Sydney, Australia by 3XN in Copenhagen.
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Asset Manager News
GLP Closes RMB 7.6 Billion China Income Fund VI
Singapore and Shanghai, 7 November 2022 – GLP announced today it has closed GLP China Income Fund VI (“GLP CIF VI”), an onshore income fund with RMB 7.6 billion (~US$1.05 billion) of assets under management (“AUM”). Investors in the fund include leading domestic insurance companies, as well as other existing GLP institutional investment partners.
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Asset Manager News
PATRIZIA to invest up to EUR 140 million in Selettra, Italy’s second-largest smart streetlighting company
PATRIZIA Infrastructure will invest up to EUR 140 million through its Smart City Infrastructure Fund (SCIF).
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Asset Manager News
MEAG, Ärzteversorgung Westfalen-Lippe and Primevest Capital Partners create a partnership to deploy fiber-optic networks in Germany through a wholesale company
Munich/Münster/Berlin 3 November 2022 – MEAG, Ärzteversorgung Westfalen-Lippe (ÄVWL) and Primevest Capital Partners (Primevest CP), have reached agreement on creating the joint venture Open German Fiber to deploy Fiber-to-the-Home (FTTH) in Germany. During its formation, the company already secured selected areas in Hessen and North Rhine-Westphalia.
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Asset Manager News
Invesco residential fund invests in German sustainable wood buildings
Invesco Real Estate has added a wooden-built German development to its open-ended European residential real estate fund.
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Asset Manager News
BPL Pensioen and DELA to invest in ASR Dutch Farmland Fund
BPL Pensioen and DELA joined the ASR Dutch Farmland Fund with effect from 1 October. They will be the first participants, besides a.s.r, to invest in this unlisted real estate fund of a.s.r. real estate, totalling € 310 million. The ASR Dutch Farmland Fund consists of 36,000 hectares of Dutch agricultural land worth € 1.8 billion.
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Asset Manager News
Press conference on the International High-Rise Award 2022/23 – Announcement of the winner
For the tenth time, the City of Frankfurt, Deutsches Architekturmuseum (DAM) and DekaBank are bestowing theInternational High-rRse Award (IHA), which entails prize money of 50,000 euros.
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Asset Manager News
PATRIZIA completes another sustainable office development milestone with sale of ‘CO:WK’ building in Munich
PATRIZIA has on behalf of its institutional clients sold its office development on the MK 7 site in Munich’s Werksviertel district.
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Asset Manager News
Deka Immobilien invests in the Netherlands
Deka Immobilien has exchanged contracts to secure the acquisition of a logistics project in the province of Gelderland for around 30 million euro.
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Asset Manager News
Welput secures financing for UK’s largest 100% Electric Net Zero Office
Welput, the specialist central London office fund managed by BentallGreenOak(BGO), has recapitalised its ownership of the landmark site, 105 Victoria Street, and secured a £400m development finance facility to fund the construction of the scheme, due to commence this year.
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Asset Manager News
GLP Strengthens ESG Performance in 2022 GRESB Assessment
Singapore, 18 October 2022 – GLP announced today outstanding results in the 2022 GRESB assessment, the leading global environmental social and governance (“ESG”) benchmark for real estate and infrastructure investments across the world. Eighteen funds across Asia, Europe and the Americas comprising 55% of GLP’s real estate assets under management and 47% of its gross floor area were submitted for assessment.
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Asset Manager News
Leading in Sustainability; IPUT awarded 5 Stars by GRESB
IPUT Real Estate has been awarded a maximum 5-star rating for both standing investments and developments in the 2022 GRESB Real Estate assessment.
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Asset Manager News
GRESB awards five-star ratings to a.s.r. real estate’s retail, residential and office funds
Science Park Fund rises from two to four stars and is global leader in the Technology/Science category