Real Estate Updates – Page 37
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Asset Manager NewsWhole Foods Market To Anchor Retail At The Parks At Walter Reed
Whole Foods Market has signed a 40,000-square-foot lease to anchor the Hartley at the Parks at Walter Reed, a 3.1 million-square-foot master-planned community from Hines, Urban Atlantic, and Triden Development Group. The leading natural and organic grocer is among the latest signature additions to the dynamic transformation of the former Walter Reed medical campus, the largest site under development in Northwest Washington, D.C.
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Asset Manager NewsSignature Capital and PGIM Real Estate acquire Berlin Arrow Portfolio
A partnership between Signature Capital and PGIM Real Estate has acquired the Arrow Portfolio in Berlin from Patrizia AG as a share deal. The portfolio comprises four office properties in Berlin’s Central districts of Mitte and Kreuzberg, with a total area of c 32,000m sq, as well as an additional fully permitted development of c 8,500m sq.
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Asset Manager NewsBridge Development Partners and PGIM Real Estate form $150 million joint venture to acquire and develop cold storage properties across the US
Bridge Development Partners LLC and PGIM Real Estate, the global real estate investment management business of Prudential Financial, Inc., have announced the launch of a $150 million national cold storage investment program, targeting $400 million in assets. This programmatic joint venture will seek value-add returns through the development of Class A cold storage facilities, as well as the acquisition and repositioning of Class A/Class B cold storage developments across the country.
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Asset Manager NewsHines Announces Stabilization Of Phase I Of Boulevard Oaks Business Park And Start Of Second Phase
Hines, the international real estate firm, today announced the completion and stabilization of the 450,000-square-foot first phase of Boulevard Oaks Business Park, and the start of construction on the second phase—which will be comprised of six additional buildings totaling approximately 1.15 million square feet. At buildout, Boulevard Oaks Business Park will consist of 10 Class A industrial buildings totaling approximately 1.6 million square feet of floor area on 120 acres of land.
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Asset Manager NewsM7 REIP V acquires three UK retail warehouses for £18.4 million
M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has completed the acquisition of three UK retail warehouse assets on behalf of M7 Real Estate Investment Partners V (“REIP V” or the “Fund”), for £18.4 million in three separate transactions.
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Asset Manager News
Deka Immobilien invests in France
Deka Immobilien has acquired the “23 Opéra” office and commercial building in the heart of the Paris central business district. The seller was OREIMA, the French independent real estate investment manager. The property will be added to the open-ended real estate fund Deka-Immobilien Europa. The parties agreed not to disclose the purchase price.
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Asset Manager NewsPATRIZIA buys pan-European logistics portfolio for around EUR 1.2 billion
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it is acquiring a pan-European portfolio of 42 logistics assets from BentallGreenOak1 for around EUR 1.2 billion on behalf of a logistics fund, backed by a club of institutional investors, comprising PFA Pension in Denmark and Public Officials Benefit Association (POBA) in South Korea as well as PATRIZIA Logistik-Invest Europa II (PLIE II). Of the 42 acquired assets, 39 are yielding properties as well as three forward purchased new logistics developments in Italy and Spain which are partially pre-let.
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Asset Manager NewsGreystar Unveils New Corporate Headquarters
Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing properties, together with Robert A.M. Stern Architects (“RAMSA”), Gensler and Elizabeth Stuart, today announced the completion of the Greystar Building, the company’s new Charleston, S.C., headquarters. The five-story, 82,000-square-foot building introduces a modern, mixed-use development into a historical urban context.
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Asset Manager NewsSC Capital Partners Secures Prime Asset In Parramatta
SC Capital Partners, on behalf of its SCORE+ Fund has exchanged binding contracts to purchase Two Wentworth Street, Parramatta for A$105.3 million.
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Asset Manager NewsM7’s cool new purchase in Cornwall
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that it has acquired a fully equipped chilled food manufacturing facility in Launceston, Cornwall, for an undisclosed sum on behalf of M7 Real Estate Investment Partners III (“M7 REIP III” or the “Fund”).
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Asset Manager NewsM7 POLAF fully invested following €11 million of transactions
M7 Real Estate (“M7”) the pan-European investor and asset manager, announces that it has fully invested its first dedicated Polish investment fund, M7 POLAF (“M7 POLAF” or the “Fund”).
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Asset Manager NewsHines And Ivanhoé Cambridge Announce A Creative Office Development In Dallas’ Deep Ellum
The Stack Deep Ellum to Rise in Hip Neighborhood
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Asset Manager News
Bouwinvest to Invest $65 Million in U.S. ‘Last Mile’ Logistics
Dutch institutional investor Bouwinvest has allocated $65 million (circa €58 million) to last mile logistics properties in the United States on behalf of its North America Mandate for bpfBOUW, the Dutch Construction Workers pension fund. The new asset allocation focus forms part of Bouwinvest’s strategy to grow its North American portfolio to €1.7 billion, from €1.3 billion currently.
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Asset Manager NewsM7 & experienced start-up investor launch new PropTech venture capital firm
M7 Real Estate and Conan Lauterpacht, formerly Head of Corporate Venturing at Altus Group, establish M7 Structura
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Asset Manager NewsPATRIZIA completes on sixth Spanish acquisition for TEP VII
PATRIZIA AG, the global partner for pan-European real estate investment, announces it has completed its sixth acquisition in Spain on behalf of TransEuropean VII (“TEP VII”/ the “Fund”), its flagship, Europe-wide discretionary value-add programme.
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Asset Manager NewsThe new gateway to CityLife
Air, light, greenery and open spaces: a project designed for people and the city
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Asset Manager NewsPATRIZIA with accelerated business activity in Q3 2019 – guidance for FY 2019 confirmed
PATRIZIA AG, the global partner for pan-European real estate investment, announces strong 9M 2019 performance driven by increased assets under management and superior investment performance for its domestic and international clients.
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Asset Manager NewsHines Global Income Trust Acquires The Alloy
Hines, the international real estate firm, is pleased to announce that Hines Global Income Trust, Inc. (“Hines Global”) has acquired Alloy by Alta, a new 275‐unit multifamily asset located adjacent to the University of Maryland in College Park. Rebranded The Alloy, the seven-story asset will increase Hines Global’s living sector investments to over $430 million globally.
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Asset Manager NewsPATRIZIA acquires Hague office portfolio with redevelopment potential
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has acquired nine freehold office buildings in the centre of The Hague, on behalf of a client, from Onderlinge Levensverzekering-Maatschappij ‘s Gravenhage U.A.
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Asset Manager NewsPATRIZIA acquires “ML69” office asset in Frankfurt, Germany
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of “ML69”, a multi-let office building in Frankfurt, on behalf of one of its German commercial funds.
