Real Estate Updates – Page 36
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Asset Manager NewsWarburg-HIH Invest Acquires Five Non-Discretionary Retailers from Rockspring for its Open-Ended Special Property Fund
Warburg-HIH Invest has acquired a portfolio of five local convenience centres
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Asset Manager NewsWarburg-HIH Invest Acquires Local Convenience Centre in Bielefeld
Warburg-HIH Invest Real Estate just acquired a fully occupied local convenience centre
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Asset Manager NewsOrchard Street acquires prime Bracknell office building for £22.65 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 3 Arlington Square in Bracknell, Berkshire for £22.65 million. The asset was acquired from Arlington, with the purchase price representing a net initial yield of 6.25%. The acquisition was made on behalf of St. James’s Place Property Unit Trust.
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Asset Manager NewsOrchard Street acquires Slough Retail Park for £63 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired Slough Retail Park in Slough, Berkshire from Benson Elliot, the UK-based pan-European private equity real estate fund manager, for a price in the region of £63 million. The acquisition was made on behalf of St. James’s Place UK Plc.
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Asset Manager NewsWarburg-HIH Anticipates Sustained Capital Inflows in German Office Investment Markets
The positive economic parameters and high investment pressure ensure that the brisk activity on Germany’s real estate investment
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Asset Manager NewsOrchard Street acquires purpose-built care home in off-market transaction
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired a purpose-built residential care home in Leamington Spa, Warwickshire on behalf of a pension fund client for £14.18m from Aprirose, a UK-based real estate investment company. The purchase price represents a net initial yield of 3.85%.
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Asset Manager News
Principal completes acquisition of INTERNOS Global Investors to expand real estate investment capabilities in Europe
Principal Global Investors today announces the completion of the acquisition of INTERNOS Global Investors, the UK-headquartered pan-European real estate investment manager.
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Asset Manager NewsAustrian Commercial Real Estate Markets Offer Stability and Growth Prospects
The stable growth of the Austrian economy, the brisk demand for lettable area, and a comparatively small-scale supply have ensured
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Asset Manager News
Principal Real Estate Investors earns 2018 ENERGY STAR Partner of the Year – Sustained Excellence Award
Principal Real Estate Investors is proud to announce that it received the 2018 ENERGY STAR® Partner of the Year Sustained Excellence Award for continued leadership and superior contributions to ENERGY STAR.
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Asset Manager News
PATRIZIA delivers excellent performance across a stronger pan-European platform in 2017
14% YOY increase in operating income to EUR 82m Operating income in the range of EUR 85-100m expected for 2018, growth of up to 22% Dividend of EUR 0.25 per share or equivalent in shares to be paid to shareholders
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Asset Manager NewsWarburg-HIH Invest buys office building in Düsseldorf’s Airport City
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) has acquired an office building in Düsseldorf’s Airport City
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Asset Manager NewsWarburg-HIH Invest acquires Carré Göttingen shopping centre
Warburg-HIH Invest Real Estate (Warburg-HIH Invest) has acquired the Carré Göttingen shopping centre
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Asset Manager NewsOrchard Street completes acquisition of strategic West London industrial estate for £20.9 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of The Griffin Centre, a strategically-located industrial estate in Feltham, West London, from LaSalle Investment Management. The asset was acquired on behalf of St James’s Place UK Plc. for £20.91 million, representing a net initial yield of 4.13%.
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Asset Manager NewsOrchard Street completes major refurbishment of iconic Cambridge office scheme
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed a comprehensive refurbishment of the iconic Radio House office in Cambridge at a cost of £8.5 million, delivering 43,388 sq. ft. of available Grade A space to an under supplied market.
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Asset Manager NewsOrchard Street makes £35 million Hermiston Retail Park acquisition
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired Hermiston Retail Park in Consett, County Durham on behalf of St James’ Place UK Plc for £35.31 million from Aviva Investors. The purchase price reflects a net initial yield of 6.25%.
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Asset Manager News
PATRIZIA acquires Copenhagen’s ‘Marble City’
PATRIZIA Immobilien AG announces the acquisition of the 259 apartments of the ‘Marble City’ residential area in Copenhagen, Denmark, from the pension fund PenSam and the public company City & Harbour.
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Asset Manager NewsOrchard Street completes acquisition of prime West London industrial estate from The Church Commissioners for £19.34 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Crown Business Centre, a prime industrial estate in a strategic West London location, from The Church Commissioners. The asset was acquired on behalf of St James’s Place UK Plc. for £19.34 million, representing a net initial yield of 3.90%.
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Asset Manager NewsOrchard Street acquires Manchester retail park for £63 million from The Crown Estate
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Altrincham Retail Park in Greater Manchester from The Crown Estate for £63.05 million. The acquisition has been made on behalf of St James’s Place Property Unit Trust and represents a net initial yield of 6.96%.
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Asset Manager NewsAEW agrees new lease with Furniture Village at Bath Road Central, Slough
AEW has agreed a new lease with British furniture retailer Furniture Village, which is expanding its office space at the Bath Road Central business park in Slough by 3,726 sq ft. The retailer will occupy a total of 10,926 sq ft at 258 Bath Road Central on an unexpired term of 10 years.
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Asset Manager News
AEW and Natixis Asset Management complete third close for SELF II bringing commitments to over €500 million
Two appointments to real estate debt team support further platform growth
