Real Estate Updates – Page 42
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Asset Manager News
Invesco Real Estate Achieves Breeam In-Use Certification On Its C.€5Bn Discretionary-Managed European Portfolio
Invesco Real Estate recognised for environmental impact of its portfolio of 37 discretionary-managed European assets
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Asset Manager News
Barings Acquires Madrid Office Refurbishment Opportunity
Barings, one of the world’s largest diversified real estate investment managers, announces the acquisition of Severo Ochoa 2 (“The Property”), an office property located at Las Rozas Business Park in Madrid, Spain. The Property was purchased on behalf of institutional investors.
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Asset Manager News
Germany in a Dilemma - KGAL publishes Perspective on Renewable Energies, No. 02/2019
Germany started out as a pioneer in climate policy, but is no longer expected to achieve its targets for 2020. A newly published Perspective on Renewable Energies, from investment and asset manager KGAL, looks at the reasons behind this. In the latest issue, asset manager Jens Petry talks about how he maintains and enhances the value of renewable energy plants, and his colleagues tell about their Italian business partners in a questionnaire.
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Asset Manager News
Major German investment manager opens affiliate in London
KGAL Capital GmbH & Co. KG, a sales company of KGAL Group, has opened an affiliate in London. KGAL Group is a leading, independent investment and asset manager with assets under management of €20.5bn (£18.2bn). Its investment focus is on long-term capital investments for institutional and private investors in the real estate, infrastructure and aviation asset classes.
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Asset Manager News
Orchard Street signs two tenants at One King Street, Hammersmith
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two lettings at One King Street, its newly refurbished office and retail asset in Hammersmith. iPlato Healthcare, a London-based Health Tech company, has signed a new five-year lease on 5,712 sq ft of office space at a rent of £53.00 per sq ft, while healthy fast food chain Abokado has taken a 1,954 sq ft retail unit at ground level on a 10 year lease at a rent of £180 psf.
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Asset Manager News
Deka Immobilien buys retail park in Belgium
Deka Immobilien has acquired the “Les Dauphins” retail park in Mouscron, Belgium, for the WestInvest TargetSelect Shopping sector fund, which is aimed at institutional investors. The property was sold by the Fidelity International Real Estate Fund. The parties agreed not to disclose the purchase price.
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Asset Manager News
Swiss Life Asset Managers announces completion of its acquisition of a portfolio of core office assets in Paris CBD
On Tuesday 28 May, Swiss Life Asset Managers completed its acquisition of a portfolio of core office buildings in Paris Central Business District (CBD) from property company Terreïs. The deal includes a total of 28 buildings valued at EUR 1.7 billion. The assets have been acquired by real estate ...
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Asset Manager News
€1.2 billion European real estate boutique Blue Asset Management joins Schroders
Schroders is today announcing the acquisition of Blue Asset Management (Blue) a German real estate business based in Munich. Established in 2009 by the three founding managing directors Dr Artus Pourroy, Dr Thomas Wiegelmann and Tino Lurtsch, Blue manages €1.2 billion of assets on behalf of its clients across, Germany, Austria and Switzerland.
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Asset Manager News
M7 & experienced logistics executive team launch European big box investment and operating platform in partnership with Goldman Sachs
Ekaterina Avdonina and Anthony Butler team up with M7 in new logistics venture
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Asset Manager News
SC Capital Partners buys landmark Canberra office complex
Major upgrade and place-making strategy
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Asset Manager News
Generali Real Estate and Poste Vita joint venture debuts with Marienforum acquisition in Frankfurt
The recently completed acquisition of Marienforum, a prime office building in Frankurt am Main, is the first step of the joint venture that Generali Real Estate and Poste Vita announced in December, aimed at co-investing in the European real estate sector.
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Asset Manager News
Capital France Hotel, a hotel investment vehicle managed by Schroder Real Estate Hotels, acquires two assets in Antwerp, Belgium from KKR
Capital France Hotel, a hotel investment vehicle managed by Schroder Real Estate Hotels, has completed the acquisition of two new properties: the Radisson Blu Astrid Hotel and the Park Inn by Radisson Hotel, both located in front of the main train station of Antwerp, Belgium.
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Asset Manager News
PATRIZIA acquires 72 pre-let residential units in Zaandam
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has acquired 72 pre-let, turnkey residential units in Zaandam on the outskirts of Amsterdam. The purchase was made on behalf of a PATRIZIA client from a Dutch real estate developer and investor.
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Asset Manager News
SREF London office asset Battersea Studios 1 awarded first ‘Fitwel for Workplace: Multi-Tenant Whole Building’ Certification in Europe
Schroder UK Real Estate Fund (SREF) asset Battersea Studio 1, part of the Battersea Studios office development in South West London, has been officially awarded the first ‘Fitwel for Workplace: Multi-Tenant Whole Building’ Certification in Europe.
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Asset Manager News
PATRIZIA wins EUR 180 million fund management mandate in Italy
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has secured a fund management mandate in Italy from Fondazione Cariverona – one of the most important Italian bank foundations and founder of UNICREDIT Bank. Verona Property is an Italian real estate fund with assets under management (AUM) of EUR 180 million. It will be managed on behalf of the institutional investor, Fondazione Cariverona, with the aim of unlocking value from the current assets and ultimately recycling capital to deliver a more diversified real estate portfolio.
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Asset Manager News
Student Accommodation: the Continental European opportunity
When considering real estate investments through a top-down analysis, purpose-built student accommodation (PBSA) emerges as a particularly attractive sector. Stable income, limited supply and increasing demand caused by demographic and societal factors are all distinct advantages.
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Asset Manager News
KGAL New Frontiers invests in SunErgy - Solar power plants in Africa promote economic development
KGAL New Frontiers GmbH (KNF) has acquired a 22% share of SunErgy AS, a Norwegian company delivering innovative solar power infrastructure in emerging markets. This investment aims to test new business fields.
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Asset Manager News
M7 acquires €45 million of office assets for new €120 million Polish fund
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, on behalf of M7 Polish Active Fund (“M7 POLAF” or the “Fund”), it has acquired three multi-let office assets in Poland in separate transactions for a total of €45 million which will form the first tranche of capital deployed for the Fund.
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Asset Manager News
Deka Immobilien leases 8,300 m in Australia
Deka Immobilien has concluded a new lease agreement for nearly 8,300 m² of office space in Melbourne, Australia. The co-working provider JustCo, Singapore, secured its largest space in Australia under this agreement. The office and commercial building at 15 William Street, which offers around 42,000 m² of space, is now fully leased.
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Asset Manager News
M7 closes retail warehouse fund with acquisition of five assets for £24.8 million
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces that, on behalf of M7 Real Estate Investment Partners VIII (“M7 REIP VIII” or the “Fund”), it has acquired a total of five retail warehouse assets for £24.8 million reflecting an in place net initial yield of 8%.