Real Estate Updates – Page 32
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Asset Manager News
New UN Priciples for Responsible Investment assessment enhances KGAL ESG rating
Leading German asset manager sees improved scoring across all evaluated UNPRI modules
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Asset Manager News
Hines Announces Wildflower Ranch, A New Master-Planned Community In North Texas
Hines, a Texas-based international real estate firm, announces Wildflower Ranch and construction commencement of the new residential community located just north of Fort Worth. The master-planned community will feature 3,300 single-family residences, a resort-inspired lazy river, trails, recreational spaces, a Northwest ISD school site and more — all spanning across 1,100 acres of idyllic native landscape.
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Asset Manager News
M7 sells Howdens unit to Private Investor
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has sold Old Mill Trade Park, Kirkintilloch on behalf of M7 Real Estate Investment Partners III (“M7 REIP III” or the “Fund”)
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Asset Manager News
Deka Immobilien sells office building in the Netherlands
Deka Immobilien has sold an office building in Amsterdam. The buyer is the global asset manager Aviva Investors. The parties agreed not to disclose the purchase price. The property was sold from the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal.
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Asset Manager News
Green News and Views - August 2020: We care about social value, but can it unlock tomorrow’s ESG opportunities?
Climate change, energy needs and water scarcity are counted among the biggest challenges of our century. UBS Asset Management’s Real Estate & Private Markets business (REPM), created by the consolidation of real estate and infrastructure, acknowledges that real assets such as properties and infrastructure contribute significantly to CO2 emissions and the consumption of natural resources.
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Asset Manager News
Deka Immobilien acquires prestigious office property in Paris
Deka Immobilien has acquired an office property in Paris for EUR 165 million. The seller was the real estate fund Encore+ managed by LaSalle Investment Management. The property will be added to the portfolio of the open-ended real estate fund WestInvest ImmoValue, which is intended for institutional investors.
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Asset Manager News
Capitol Broadcasting Co. And Hines, In Partnership With Usaa Real Estate, Announce Major Mixed-Use Development In Downtown Durham
Partners will develop prime vacant site alongside the renowned American Tobacco Campus
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Asset Manager News
Hines And Waterfront Toronto Break Ground On T3 Bayside Alongside Federal And Provincial Ministers And Mayor John Tory
Hines, the international real estate firm, has begun speculative construction on the workplace component of their Bayside Toronto waterfront master-planned community with the groundbreaking of T3 Bayside, which stands for Timber, Talent and Technology. The occasion was commemorated with a small gathering at the site, which included remarks from The Honourable Catherine McKenna, Canada’s Minister of Infrastructure and Communities; The Honourable Laurie Scott, Ontario Minister of Infrastructure; Mayor of Toronto, John Tory and representatives from Hines and Waterfront Toronto.
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Asset Manager News
Top 10 with… Interview with Markus Benzler on Multi-Managers Private Equity, 2020 update
UBS Asset Management’s Real Estate & Private Markets business is one of the largest asset managers in real assets worldwide, currently managing over USD 100bn globally. By combining the joint expertise of over 500 talented people working across Direct Real Estate and Direct Infrastructure as well as Multi-Manager Solutions in Real Estate, Infrastructure and Private Equity, we believe we can offer clients integrated solutions to optimize the diversification of client portfolios, whether that be in targeting access-restricted private equity funds or niche real estate funds.
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Asset Manager News
Deka Immobilien acquires building complex in the Netherlands
Deka Immobilien has acquired a mixed-use building complex in the city centre of The Hague. The seller was a local project developer. The property will be added to the portfolio of the institutional real estate fund S-Domus-Fonds No. 1. The parties agreed not to disclose the purchase price.
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Asset Manager News
Hines Focuses On Creating Value With Comprehensive 2019 Sustainability Report
Sustainability inspires us to innovate, prioritize resilience, and build for the future
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Asset Manager News
Hines Signs 250,000 Sf Lease At 600 Travis
Transformational plans also unveiled for iconic downtown Houston tower
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Asset Manager News
Kamco Invest and M7 assemble transaction of UK regional office assets
Kamco Invest and M7 Real Estate (“M7”), the pan-European investor and asset manager, have completed the acquisition of three office buildings in three separate transactions across primary regional UK cities. The transactions are supported by Aviva Investors, who have provided a newly originated senior debt facility towards the purchase of the office assets.
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Asset Manager News
BNP Paribas REIM Announces The Successful Launch Of Its New European Healthcare Platform
BNP Paribas REIM announces the successful launch of the “Healthcare Property Fund Europe” (HPF Europe) in H1 2020 with initial equity commitments close to EUR 200mn. The current group of investors consists of pension funds & insurance companies from France, Germany & Italy and new investors are already expected to join at latter closings in Q3 & Q4 2020.
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Asset Manager News
Orchard Street brings RM Sotheby’s to Richmond
World’s largest classic car auction house fully lets Heron House as new European headquarters
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Asset Manager News
Arrow acquires logistics asset in Poland from M7
Arrow Capital Partners, the investor and operator of real estate in Europe and Asia-Pacific, has acquired the prime urban logistics asset, Airport House, in Warsaw, for its $3 billion European Strategic Industrial Real Estate (“SIRE”) platform. The asset has been sold by M7 Real Estate (“M7”) the pan-European investor and asset manager, on behalf of PVBRI, a work-out investment vehicle created by M7 and a Polish Bank to stabilise and turnaround a financially challenged portfolio of industrial, office and retail investments.
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Asset Manager News
Henderson Park And Hines Acquire 1,094-Room Hotel Portfolio On Greek Island Of Crete
Henderson Park, the European real estate investment platform, and Hines, the international real estate firm, have acquired a portfolio of five hotels on the popular Greek island of Crete.
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Asset Manager News
Hines, Industrious Announce Opening Of The Square With Industrious Salt Lake City
Hines, the international real estate firm, today announced The Square with Industrious Salt Lake City, its second flexible workspace location under the Hines² (Hines Squared) platform, will be opening on June 22, 2020. Located in the historic Kearns Building, The Square with Industrious Salt Lake City will be the first coworking space in Utah to pursue WELL Certification and will be operated by Industrious, the largest premium coworking provider and leading ‘work from anywhere’ platform in the U.S.
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Asset Manager News
Hines And 2Ml Real Estate Interests To Build Levit Green
Hines, the international real estate firm, has finalized an exclusive agreement with 2ML Real Estate Interests to develop Levit Green, more than 52 acres of prime real estate adjacent to the Texas Medical Center. The thoughtfully designed masterplan will offer a curated mix of uses, including research facilities, office, residential, shopping and dining, outdoor amenities and green space at the epicenter of Houston’s biotech, corporate life sciences and medical research hub.
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Asset Manager News
Construction Is Underway On The Grant
Hines, the international real estate firm, along with investment partner MetLife Investment Management, today announced the start of construction of The Grant, a mixed-use complex of 228 luxury apartments. Hines and MetLife have partnered on numerous projects together, and The Grant marks a continuation of the two firms’ longstanding history of successful partnership.