Real Estate Updates – Page 28
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Asset Manager NewsKGAL continues its successful growth
Climate strategy successfully implemented – climate neutral since the beginning of the year.
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Asset Manager NewsGTIS Partners Forms Joint Venture with Casa Fresca to Build Entry-Level Homes in Tampa
GTIS Partners LP (“GTIS”), a real asset investment and development firm based in New York, today announced the formation of a joint venture (“JV”) with Casa Fresca, a wholly-owned subsidiary of Homes by WestBay (“WestBay”), to invest $50 million of equity in the acquisition, development, construction, marketing, and sale of entry level homes in communities located across the Tampa MSA.
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Asset Manager NewsGenerali Real Estate acquires Kotva department store in Prague
Prague - Generali Real Estate has acquired the Kotva department store on behalf of the pan-european fund “Generali Real Estate Asset Repositioning S.A.” (GREAR) - a fund dedicated to value add strategies in all the major European countries - from the real estate company PSN.
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Asset Manager NewsPGIM Real Estate acquires two residential buildings in Paris for its European core strategy
PGIM Real Estate has acquired a residential portfolio of two properties, located in the 16th arrondissement of Paris, on behalf of its European core strategy. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsM7 Real Estate sells 3,800 sq m office building in Porto, Portugal
M7 Real Estate (“M7”) the pan-European investor and asset manager specialising in multi- tenanted properties, announces the sale, off market, of an office building in Porto, Portugal, on behalf of M7 Portuguese Active Fund (“M7 PORAF” or the “Fund”) to a Portuguese real estate investment fund.
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Asset Manager NewsM7 assembles £300 million UK retail warehouse portfolio with full deployment of M7 Box + I and M7 Box + II funds
M7 Real Estate (“M7”), the pan-European investor and asset manager, has assembled just over a £300 million portfolio of 19 retail warehouses following the full deployment of capital raised across its M7 Box+ I and M7 Box+ II funds. Both funds, which were launched in H2 2020, focus on carefully selected UK retail warehouses with potential for future rental and capital growth, through asset management and an anticipated re-pricing of the asset class as the logistics function of these properties in the last mile delivery chain grows.
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Asset Manager NewsM7 & private equity partner commence new Portuguese industrial & office joint venture with €41 million acquisition
M7 secures €20.55 million debt facility in new banking relationship with Novo Banco
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Asset Manager NewsM7 Real Estate supports Croatia’s largest pension fund as it diversifies into real estate
€21 million logistics investment marks first real estate acquisition
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Asset Manager NewsM7 Real Estate sells Forum Marburg to Family Office
M7 Real Estate (M7) the pan-European investor and asset manager specialising in multi-tenanted real estate, has sold Forum Marburg, in Marburg, Hesse, to Silberbaum Capital on behalf of M7 ISLAY (the “Fund”).
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Asset Manager NewsOrchard Street completes first letting at West London’s greenest industrial estate
Airbox to take c. 20,000 sq ft at carbon neutral A+ rated Communication Park in Feltham, following its redevelopment
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Asset Manager News2020: A resilient year
We delivered a resilient performance for 2020 despite an uncertain market environment. This resilience, and the quality of our portfolio, is clear in our rental recovery of over 97% resulting in a cash dividend of €102.5 million for our shareholders.
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Asset Manager NewsInvestor survey: Pandemic redefines office investment landscape
European real estate investors are rethinking their office property strategies in the wake of the coronavirus pandemic. While the old mantra of location, location, location still holds true, a shift towards core, core, core is apparent in the current situation.
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Asset Manager NewsPGIM Real Estate Completes Nearly $30 Billion In Transactions Worldwide In 2020
PGIM Real Estate completed nearly $30 billion in transactions worldwide in 2020. The volume represents a total of 911 transactions and includes $10.2 billion in real estate equity investments and dispositions on behalf of third-party investors, in addition to $19.5 billion in real estate financing. PGIM is the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsPGIM Real Estate invests in Taronga Ventures in support of global innovation strategy
As part of its effort to expand and strengthen its global innovation strategy through key partnerships, PGIM Real Estate has acquired a strategic equity stake in Taronga Ventures, further supported by a commitment to Taronga’s RealTech Ventures Fund. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsM7 Real Estate sells 8,500 sq m logistics property near Hamburg
M7 Real Estate (“M7”), the pan-European investor and asset manager specialising in multi-tenanted properties, announces the sale, on behalf of the M7 EREIP IV fund (“the Fund”), of a logistics property in Neu Wulmstorf, near Hamburg. The purchaser is Crossbay, a pan-European last mile logistics platform managed by MARK (formerly Meyer Bergman).
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Asset Manager NewsPGIM Real Estate raises £190m to launch UK Affordable Housing Fund
PGIM Real Estate has launched its UK Affordable Housing Fund, with an initial capital raise totaling £190 million, from the Northern LGPS and Brunel Pension Partnership. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsSteady growth path: Union Investment completes real estate transactions worth EUR 4.1 billion
Union Investment has continued to deliver reliable growth despite a challenging investment environment. In an exceptional year dominated by the pandemic, the Hamburg-based real estate investment manager invested around EUR 4.1 billion in the European commercial real estate markets in 2020, securing a total of 62 high-quality properties or projects for its real estate funds through a combination of single-property and portfolio deals.
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Asset Manager NewsPGIM Real Estate and Alyssa Partners acquire a portfolio of newly built residential assets in Tokyo for JPY 9.2bn
A joint venture partnership formed between PGIM Real Estate and Alyssa Partners has entered into sale and purchase agreements with two unrelated counterparts to acquire four newly built multifamily assets located in Tokyo.
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Asset Manager NewsPGIM Real Estate on track to reach US$1B for Asia Pacific Value-Add Fund IV
The fourth in PGIM Real Estate’s series of Asia Pacific value-add funds, AVP IV, has raised US$970 million, and is in advanced discussions for additional commitments that would take the capital raise to over US$1 billion.
