Real Estate Updates – Page 31
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Asset Manager NewsHines Launches Willowick Residential, A Best-In-Class Multifamily Property Management Firm
Hines, the international real estate firm, today announced the launch of Willowick Residential, a multifamily property management firm. Willowick Residential will work in partnership with the firm’s rapidly growing multifamily portfolio of 63 projects across 38 U.S. cities, including luxury towers, urban mid-rises and traditional garden-style apartments.
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Asset Manager NewsDie Zentrale - Ready-to-Let Refurbished Office in Munich
Barings has developed a unique, forward-looking office property with the goal of helping companies attract and retain top talent. With the major refurbishment now complete, the building comprises over 12,000 sqm from the ground to the sixth floor—with standard floor plates of 1,300 sqm that are readily divisible and can accommodate a range of office concepts. An underground car park offers over 150 parking spaces and ample space for bikes.
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Asset Manager NewsM7 announces its intention to float The Mailbox
M7 Real Estate (“M7”) has announced its intention to float (“ITF”) The Mailbox, a prime office-led mixed-use property in Birmingham independently valued at £179 million, on the International Property Securities Exchange (“IPSX”).
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Asset Manager NewsDeka Immobilien acquires office tower in Australia
Deka Immobilien has exchanged contracts to secure a high quality office property in Melbourne, Australia, for a purchase price of around EUR 280 million. Dexus, a leading Australian real estate groups, is the seller of the real estate. The building will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal.
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Asset Manager NewsConstruction Underway At The Whit Wooster Square Mixed-Use Community In New Haven, Ct
Hines Grows Northeast Multifamily Portfolio with 230 Rental Homes and 5,600 Square Feet of Retail Across Two Buildings in Wooster Square Neighborhood
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Asset Manager NewsGLP Europe Raises €1.1 billion for First Close of GLP Europe Income Partners II
Fund seeded with 1.9 million sqm of prime European logistics real estate assets
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Asset Manager NewsHines Breaks Ground On Luxury Multifamily Project At Classen Curve
Hines, the international real estate firm, along with partner Humphreys Capital, announced that it has broken ground on the construction of a luxury multifamily project at Classen Curve in the Nichols Hills submarket of Oklahoma City.
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Asset Manager NewsHines Leases 105,000 Square Feet At First Tower
Hines, the international real estate firm, announced today the signing of two leases with Symend and Userful at First Tower in Calgary, Alberta, Canada for a total of 105,000 square feet.
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Asset Manager NewsIPUT signs Microsoft for 44,000 sq. ft. at No. 3 Dublin Landings
IPUT Real Estate (‘IPUT’), has let 44,000 sq. ft. at No. 3 Dublin Landings to Microsoft on a 10-year lease.
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Asset Manager News90% Of Investors Return For Invesco Real Estate’s Second Pan-European Value-Add Fund
· Third close for Invesco Real Estate’s second fund in pan-European Value-Add series
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Asset Manager NewsGreen News & Views : UN PRI 2020 Assessments – Promoting transparency in the real asset industry
In 2020, we again ranked top-tier for sustainability in the UN-backed Principles for Responsible Investment (PRI). For the fourth consecutive year we maintained our A+ rating across both the Property and Infrastructure modules
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Asset Manager NewsHines Signs 67,700 Square Feet In Office Lease Renewals At 600 Travis
Hines, the international real estate firm, along with an affiliate of Cerberus Capital Management, L.P (Cerberus) announced today the execution of two new lease renewals at 600 Travis Street in downtown Houston. The two closed deals include a 45,125-square-foot renewal of Indigo Natural Resources LLC and a 22,575-square-foot renewal of Momentum Midstream. Collectively, both energy-based tenants occupy space on floors 55-57 of the 75-story office building.
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Asset Manager News90 Percent Of The Largest Dutch Residential Development In Amsterdam Leased Out
Greystar, global leader in the investment, development and management of high-quality rental housing properties, leased 90% of all of the 955 fully furnished rental apartments in East House, the first building section completed of OurDomain Amsterdam South East. Half of this is leased to students currently moving in right before the start of the academic year. The other half is let to young professionals. OurDomain Amsterdam South East is located right next to Holendrecht train station opposite the Amsterdam UMC
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Asset Manager NewsHines Global Income Trust Acquires The Advanced Manufacturing Portfolio
Hines, the international real estate firm, announced today that Hines Global Income Trust, Inc. (“Hines Global”) has acquired the Advanced Manufacturing Portfolio (“AMP”), a 417,000-square-foot industrial and manufacturing campus, in Santa Clara, California.
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Asset Manager NewsDeka Immobilien sells office building in France
Deka Immobilien has sold a Paris office property to BNP Paribas REIM, France. The property came from the open-ended real estate mutual fund Deka-ImmobilienEuropa, which bought it at the end of 2012. The parties agreed not to disclose the sale price.
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Asset Manager NewsInternational Highrise Award 2020: 31 High-Rise Projects Nominated Worldwide
The buildings nominated for the International Highrise Award (IHP) 2020 have now been selected: Deutsches Architekturmuseum (DAM) has chosen them from over 1,000 new high-rise buildings construed over the past two years worldwide. The five shortlisted finalists from this group will be announced in September. The winner of the International Highrise Award will be presented on October 29, 2020 in the Paulskirche in Frankfurt/Main.
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Asset Manager NewsOrchard Street completes acquisition of prime Portsmouth industrial estate for £19 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of Merlin Park in Portsmouth for £19.0 million, representing a net initial yield of 4.50%. The acquisition was made on behalf of a pension fund client from British Airways Pension Fund
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Asset Manager NewsSurvey of investors: Coronavirus crisis causing significant changes in investment strategies
The coronavirus crisis has led to a significant shift in the investment strategies of institutional real estate investors. “Lower risk, lower return” is the mantra of the moment. 58 per cent of the 150 professional investors in Germany, France and the UK surveyed by Union Investment for its investment climate study are currently pursuing such a strategy.
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Asset Manager NewsHenderson Park And Hines Acquire Prime Residential Development Site In Athens, Greece
Henderson Park, the European real estate investment platform, and Hines, the international real estate firm, announce that they have acquired a 71,000-square-meter site in Athens, Greece, for the development of a residential-for-sale complex. The site is zoned for residential development and was acquired off-market from the Benaki Museum.
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Asset Manager NewsOrchard Street acquires multi-let South East industrial estate for £15 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of a prime, multi-let industrial estate in Hemel Hempstead, Hertfordshire for £14.9 million. The asset was acquired from DTZi on behalf of St James’s Place Property Unit Trust.
