Real Estate Updates – Page 44
-
Asset Manager NewsHines Acquires Allianz Karlshoehe Portfolio In Stuttgart Cbd For More Than €300 Million
Hines, the international real estate firm, has acquired the Karlshoehe Portfolio in Stuttgart, for a price in excess of €300 million on behalf of its Hines European Value Fund (HEVF). The portfolio consists of 13 office buildings including two towers and totaling more than 90,000 sqm of NRA. The portfolio is 98% leased, largely to Allianz.
-
Asset Manager NewsM7 acquires five UK retail warehouse assets for £23.9 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”), it has acquired a total of five retail warehouse assets from four vendors for £23.9 million reflecting an in place net initial yield of 8%.
-
Asset Manager News
Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets
Distressed America is Wall Street’s hottest new investment vehicle.
-
Asset Manager News
SLC breaks ground on Rêve Boulder
Southern Land Co. (SLC), announced on Tuesday that it has broken ground on its long-awaited mixed-use community across from the new Google campus in Boulder.
-
Asset Manager NewsPATRIZIA completes sale of Manchester office asset for £45.1m
PATRIZIA Immobilien AG, the global partner for pan- European real estate investment, announces that its ‘UK Value 2’ fund has completed the sale of Peter House, an office asset in Manchester, to BP Pension Fund for £45.1 million. The transaction price reflects a yield of 5.12%.
-
Asset Manager News
Aircraft funds are ESG-compliant
The recently published “Perspective: Aviation Markets” explores the topics of sustainability in the aviation industry, technical acceptance of a new aircraft, and the fascination of flying. Investment and asset manager KGAL reports on current developments as well as supplying background information.
-
Asset Manager NewsHines Partners with 25Hours on prime mixed-use hotel redevelopment in Copenhagen
Hines, the international real estate firm, is to partner with leading European hotel operator 25hours Hotels to create a 243-room boutique hotel in the heart of Copenhagen. The new hotel will be the operator’s first project in Denmark and will form the centrepiece of a modern mixed-use development, including premium retail, on the city’s Købmagergade.
-
Asset Manager NewsKGAL ESPF 4: 500 million € investment volume
The KGAL ESPF 4 renewable energy fund has already committed a total investment volume of around 500 million euros to construction or portfolio projects, including wind power and photovoltaics projects in four European countries. The fund pursues a core plus strategy, with a total planned investment volume in excess of one billion euros.
-
Asset Manager NewsPATRIZIA completes EUR 250m second close of TransEuropean VII
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, announces the EUR 250 million second close of its seventh TransEuropean fund, TEP VII.
-
Asset Manager NewsBouwinvest acquires two retail units in buzzing shopping district of Tilburg
The Bouwinvest Retail Fund has acquired two retail units on the Heuvelstraat, the popular shopping district of Tilburg, 100 km south of Amsterdam, from Dutch listed property investor Wereldhave.
-
Asset Manager NewsUBS Asset Management acquires 100% interest in leading Portuguese gas distributer, Gascan
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that it has completed the acquisition of a 100% interest in Gascan, the second largest distributor and supplier of piped liquefied petroleum gas (LPG) in Portugal, from Arta Capital. The investment was made on behalf of REPM’s global infrastructure equity strategy, with the transaction completed on an exclusive basis after an unsolicited approach to the Spanish private equity fund Arta Capital.
-
Asset Manager News
M7 Real Estate launches new development business, M7 Developments
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces the launch of a new planning and development business, M7 Developments, which will be led by Hugh Ellingham, currently Non-executive Chairman of M7, and Ben Hooton, M7’s Planning Director. Hugh will stand down from the board of M7 to focus on his new role as Chief Executive of M7 Developments. A new Non-executive Chairman of M7 is expected to be announced in the coming days.
-
Asset Manager News
H&J Martin celebrates milestone with a Topping Out Ceremony at Outwood Wharf Development
Today marks a significant milestone for H&J Martin at their Outwood Wharf Phase 1 Project in Salford, Manchester. The project team gathered to mark the Topping Out of the build-to-rent Scheme which will consist of 263 apartments and townhouses.
-
Asset Manager NewsKGAL buys Westfalen shopping centre
Independent investment and asset manager KGAL is further expanding its portfolio of special real estate AIF, with a high-footfall and established specialist retail centre. The Westfalen Einkaufszentrum (WEZ) is located in the north of Dortmund city centre.
-
Asset Manager NewsGlobal Public Equity – Quarterly Review
The year ended on a wild note as stocks sank and volatility skyrocketed in the fourth quarter of 2018.
-
Asset Manager News
Deka Immobilien makes a good start to 2019
With net retail inflows already exceeding EUR 800 million within the first four weeks of January, Deka Immobilien has made a good start to 2019. Around EUR 200 million of these inflows came from the reinvestment of dividends.
-
Asset Manager NewsUBS Asset Management launches long income UK property fund seeded with GBP 90 million hotel portfolio
Open-ended UK long-lease strategy focused on alternative real estate sectors Targeting net income return of 5% p.a. Circa GBP 90 million committed from initial investor
-
Asset Manager News
Huntington townhome project moves forward
The start of sales for a long-awaited housing development on the border of Nassau and Suffolk counties is scheduled for next week.
-
Asset Manager News
Triangle Equities moving forward with luxury Long Island seniors development
The long-awaited development of a luxury townhome community for the over 55s in tony Woodbury is set to move forward.
-
Asset Manager NewsPATRIZIA launches new EUR 700m healthcare fund
PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, has launched its third healthcare fund with a focus on care properties in Germany.
