Real Estate Updates – Page 40
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Asset Manager News
M&G Real Estate invests in 175 million office scheme in Central Madrid
Latest acquisition brings core European strategy to over €1 billion Acquisitions since March total circa €360 million
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Asset Manager News
M&G Real Estate agrees the largest leasing transaction in Central London this year
M&G Real Estate has agreed terms with global law firm Ashurst to pre-let the entire office element of the London Fruit & Wool Exchange in Spitalfields.
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Asset Manager News
UBS advises mandate on the acquisition of Continente Hypermarket in Lisbon's Colombo Shopping Centre for EUR 53.6 million.
A European real estate mandate advised by UBS Global Asset Management’s Global Real Estate (GRE) business has acquired the 25,000 sqm Continente Hypermarket in Lisbon for EUR 53.6 million.
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Asset Manager News
M&G Real Estate grows core exposure in Germany
M&G Real Estate, the real estate fund management arm of M&G Investments, has purchased a 23,000 sq m retail park in Dreieich, Germany for €51.9 million.
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Asset Manager News
M&G Real Estate joins forces with Crest Nicholson to provide new private sector homes in Bath
Investor-house builder agreement first of its kind that will create significant build-to-rent developments across the UK, speeding up delivery of housing stock to market Emphasis on quality and creation of mixed tenure sustainable communities
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Asset Manager News
4th hospitalityInside INVESTMENT BAROMETER Spring survey available
The continuing pressure on demand in the hotel market most likely motivates hoteliers and hotel property experts to diversify regionally in secondary and tertiary markets. New leaseholders and brands are less in demand, and a higher commitment in country markets with higher risks is definitely last on the list.
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Asset Manager News
UBS records significant real estate transaction activity globally in 2014.
UBS Global Asset Management’s Global Real Estate (GRE) business has today announced that it completed approximately CHF 7.2 billion in real estate transactions worldwide in 2014, reflecting a solid year for the business.
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Asset Manager News
European mezzanine lender of the year*
DRC Capital may not be the biggest mezzanine provider on the European block, but it has carved out a strong position in this niche market.
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Asset Manager NewsDRC and Standard Life Investments provide £65m refinancing for Brettenham House
Draco Property has secured new lending facilities for Brettenham House in central London. CBRE UK and EMEA Debt & Structured Finance sourced the debt which was fully underwritten by European Real Estate Debt Fund 2 advised by DRC Capital LLP.
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Asset Manager News
AEW Europe continues expansion in Germany and moves to new offices
Following the recent strengthening of its German team and a significant increase in its activity in the region, AEW Europe, which raised a record €2.2 billion of equity in 2014, has moved its German operations to larger offices in central Düsseldorf.
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Asset Manager News
New investor commits £162 million to WELPUT
An international institutional investor has committed £162 million to WELPUT (the ‘Trust’), through the secondary market, successfully matching the units made available through the recent redemption window.
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Asset Manager News
M&G Real Estate invests in prime Italian high street retail
M&G Real Estate has acquired the corporate entity holding a prime high street retail asset in central Milan from Italian developers, PRIA SpA. The asset will become part of M&G Real Estate’s core European property strategy, managed by David Jackson and Simon Ellis.
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Asset Manager News
AEW Europe launches opportunistic investment partnership
AEW Europe has signed an investment programme focused on German retail assets as part of the expansion of its opportunistic platform. AEW Europe is working with its local partner, Kintyre to source and structure investments in Germany and will initially look to build a €150 million portfolio of assets in lot sizes of €5-15 million.
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Asset Manager News
M&G Real Estate to fund the London Fruit & Wool Exchange Development
M&G Real Estate has acquired The London Fruit & Wool Exchange building in Spitalfields from Exemplar for circa £55 million. Following the completion of the acquisition, M&G Real Estate and Exemplar will work in partnership to redevelop the site.
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Asset Manager News
WELPUT sells One Chapel Place, W1, for £58.5 million
WELPUT, a specialist fund investing in Central London offices, managed by Schroders and advised by Quintain Estates and Development plc, has exchanged unconditional contracts to sell the freehold interest in One Chapel Place, London W1, to a private investor for £58.5 million
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Asset Manager NewsClarion Partners Completes the Acquisition of Gables Residential
NEW YORK, NY – Clarion Partners, a leading real estate investment manager, today announced that a group of investors led by Clarion has acquired Gables Residential. As a result of the transaction, Gables Residential will be converted into a perpetual life vehicle.
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Asset Manager NewsAEW Europe sells 28 500 sqm office park to Invesco Real Estate
AEW Europe, acting as asset manager for its institutional investors, has sold an office park located at 48 quai du Point du Jour in Boulogne-Billancourt, France, to a separate account mandate managed by Invesco Real Estate.
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Asset Manager News
AEW Europe purchases €110 million logistics development in Frankfurt
AEW Europe announces the purchase of nextpark GG RheinMain, a 120,000 sqm logistics park development located 20 kilometres from Frankfurt airport, on behalf of its LOGISTIS Fund.
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Asset Manager News
DRC in UK deal double
DRC Capital has completed two deals in the UK, for Draco Property and for a joint venture between Oaktree Capital Management and Patrizia Immobilien.
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Asset Manager NewsDRC finances Oaktree and Patrizia acquisition
European Real Estate Debt Fund II advised by DRC Capital LLP has provided a £24m mezzanine debt facility to support the acquisition of the Citrus portfolio by a joint venture between funds managed by Oaktree Capital Management, L.P. and Patrizia Immobilien AG.
