Real Estate Updates – Page 39
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Asset Manager News
Deka Immobilien acquires office complex in Lithuania
Deka Immobilien has exchanged contracts to secure the purchase of the “Quadrum” office complex in the central business district of the Lithuanian capital of Vilnius for around EUR 156 million. The seller is UAB Schage Real Estate AS, a Lithuanian subsidiary of the Norwegian developer and real estate portfolio company Schage Eiendom AS. The building complex will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal.
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Asset Manager News
DekaBank provides financing for new Amazon logistics facility in Mönchengladbach
DekaBank has arranged a loan to the Korean investor Samsung Securities & KB Securities, advised by the La Française Group, for the purchase of a logistics property in Mönchengladbach. DekaBank is the sole underwriter of the loan of EUR 119.3 million, which has a term of five years.
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Asset Manager NewsTransfer of ownership in Fellbach
KGAL concludes contract for the purchase of an office property
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Asset Manager NewsSC Capital Partners and Fortius buy Central Park Retail, Sydney
SC Capital Partners, on behalf of its RECAP Fund series, and Fortius Funds Management (“Fortius”) have jointly acquired the three final retail assets in the mixed- used community development of the award winning A$2 billion Central Park in Sydney CBD for A$174.5 million from Frasers Property Australia and Sekisui House.
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Asset Manager NewsKGAL ESPF 4 closes at €750 million
Renewable energies fund sees KGAL Group expand its international network of investors
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Asset Manager News
Continental Realty Advisors and GTIS Partners Acquire 240-Unit Apartment Community in Chandler, Ariz. In Off-Market Transaction
Continental Realty Advisors, Ltd. (CRA), a Denver-based national multifamily investment and management firm, in partnership with GTIS Partners, a global real estate investment firm headquartered in New York, announced today the off-market acquisition of San Palmas at Mission Park in Chandler, Ariz.
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Asset Manager News
$80M Luxury Community for Seniors Coming to Long Island
Triangle Equities is teaming up with GTIS Partners to develop Kensington Estates, an upscale community targeting seniors aged 55 and over in Woodbury, N.Y.
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Asset Manager NewsPATRIZIA forecasts residential investment resilience despite geopolitical volatility
PATRIZIA AG, the global partner for pan-European real estate investment, has launched its 11th PATRIZIA INSIGHT study on the European Residential Markets. The findings show that despite today’s more volatile geopolitical and economic environment residential investment is forecast to continue offering resilient returns for investors. Total unlevered returns of between 5% to 6.5% per annum are expected over the next five years, of which 2.5% to 3.5% is expected to be income.
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Asset Manager News
Good architecture increases the value of a property
KGAL Perspective Real Estate presents ambitious architecture
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Asset Manager NewsSchroders Real Estate Investment Management (Europe) (Content)
Schroders has acquired the Sofitel Gatwick North Terminal on behalf of a joint venture between BAE Pension Funds, and Immobilien Europa Direkt, an investment vehicle of Zurich Investment Foundation managed by Schroders.
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Asset Manager News
DekaBank arranges financing secured against 4 Cannon Street, EC4M
DekaBank has acted as Sole Arranger and Underwriter on a £95.63m four-year term loan secured on 4 Cannon Street, London, EC4M (“4 Cannon Street”).
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Asset Manager News
Plus ça change? In 20 years of E-REGI index, much has changed but some things have remained remarkably consistent
Throughout the 20-year history of LaSalle’s European Regional Economic Growth Index (E-REGI), many new drivers of real estate demand have emerged, from flexible working patterns to energy conservation and sustainability. However, across the two decades in which we have scored and ranked each European city region through the index, a number of themes have remained constant.
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Asset Manager News
Deka Immobilien acquires city landmark office tower in Edmonton
Deka Immobilien GmbH has purchased an office property in Edmonton, Canada, for around EUR 345 million. The Katz Group and ONE Properties are the sellers. The new building will be added to the portfolio of the open-ended real estate mutual fund Deka-ImmobilienGlobal.
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Asset Manager NewsShackelford, Bowen, Mckinley & Norton Sign Lease At 717 Texas
Hines, the international real estate firm, announced today that Dallas-based law firm Shackelford, Bowen, McKinley & Norton has signed a new approximately 15,000-square-foot lease at 717 Texas.
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Asset Manager NewsTexas Tower Earns Wiredscore’s Platinum Certification For Digital Infrastructure
Hines and Ivanhoé Cambridge, international real estate firms, along with WiredScore, announced today that Texas Tower, the 47-story, one-million-square-foot office tower under development in Houston, has achieved the designation of Wired Certified Platinum.
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Asset Manager NewsOne Museum Place: The Prestigious New Commercial Address In The Central Jing’an District Is Officially Open
Hines, the international real estate firm, announced today that the magnificent new addition to Shanghai’s skyline, One Museum Place, was inaugurated with much fanfare on the evening of September 19. The grand opening was attended by 300 guests from the real estate and business community including representatives from developer and manager Hines, building owner ADIA, architect Gensler and contractor Shanghai Construction Group; as well as representatives from financial, realty and lifestyle media outlets.
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Asset Manager NewsPATRIZIA acquires residential development in Danish city of Aarhus
PATRIZIA AG, the global partner for pan-European real estate investment announces that together with Universal-Investment it has agreed to forward purchase the development of a 136-unit residential development project in Aarhus, Denmark, on behalf of Bayerische Versorgungskammer (BVK), Germany’s largest public pension group. The asset has been acquired in an off-market transaction from a consortium of private investors.
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Asset Manager NewsPGIM Real Estate invests in the office and logistics sector in France for core plus and value-add pan-European funds
PGIM Real Estate has acquired three properties in France on behalf of investors in its core plus and value-add pan-European discretionary funds: Atria, an office building in Paris; a Class A logistics platform development project in the south of Paris; and Portes Sud, an office campus in Toulouse. PGIM Real Estate is the real estate investment business of PGIM, the US$1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Credit Suisse Asset Management Global Real Estate pre-purchases Jubilee Place office tower in Brisbane
A Credit Suisse Asset Management real estate fund has pre-purchased the Jubilee Place office development in rising Fortitude Valley, Brisbane, through a forward funding transaction.
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Asset Manager NewsGTIS Teams With Southern Land for Vegas Project
Situated within a 61-acre vacant site in the core of the city, the 324-unit community is GTIS’s first investment in an Opportunity Zone.
