Real Estate Updates – Page 51
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Asset Manager News
Arch Street Capital And Gtis Partners Sell Single Family Rental Portfolio For $268 Million
Connecticut and New York, June 27, 2018 – Arch Street Capital Advisors, LLC (“Arch Street”), a Greenwich, Connecticut-based real estate investment advisory firm, and GTIS Partners (“GTIS”), a real estate investment firm headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Paris and Munich, today announced the sale of a portfolio of 1,830 single-family rental home properties. The homes are located across four US states and were sold on behalf of an institutional client for $268 million.
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Asset Manager News
Arch Street Capital and GTIS Partners sell single family rental portfolio for $268 million
Arch Street Capital Advisors, LLC (“Arch Street”), a Greenwich, Connecticut-based real estate investment advisory firm, and GTIS Partners (“GTIS”), a real estate investment firm headquartered in New York with offices in São Paulo, San Francisco, Los Angeles, Atlanta, Paris and Munich, today announced the sale of a portfolio of 1,830 single-family rental home properties. The homes are located across four US states and were sold on behalf of an institutional client for $268 million.
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Asset Manager NewsOrchard Street completes significant letting to DFS at Chelmsford Industrial Estate
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed a complex asset management initiative to convert a former leisure operator into a thriving distribution unit, transforming Chelmsford Industrial Estate into a wholly logistics-focused asset. Orchard Street took early surrender of a 36,423 sq ft unit, obtained planning permission for a change of use, and undertook a significant refurbishment and reconfiguration of the unit for warehousing and distribution purposes in order to secure a new 10 year lease with DFS, the furniture retailer.
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Asset Manager NewsWarburg-HIH Invest Acquires Five Non-Discretionary Retailers from Rockspring for its Open-Ended Special Property Fund
Warburg-HIH Invest has acquired a portfolio of five local convenience centres
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Asset Manager News
KGAL wins its first LGPS mandate: Newham commits to KGAL ESPF 4
The London Borough of Newham Pension Fund (Newham) has committed to the renewable energy fund KGAL ESPF 4
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Asset Manager News
Hines & Peterson Group Announce WeWork To Pre-Lease Entire Office Space at One Central Plaza for its Iconic New Dublin Location
Hines and Peterson Group announced today that global community company and shared space provider, WeWork, will be One Central Plaza’s new anchor tenant.
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Asset Manager NewsWarburg-HIH Invest Acquires Local Convenience Centre in Bielefeld
Warburg-HIH Invest Real Estate just acquired a fully occupied local convenience centre
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Asset Manager NewsOrchard Street acquires prime Bracknell office building for £22.65 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 3 Arlington Square in Bracknell, Berkshire for £22.65 million. The asset was acquired from Arlington, with the purchase price representing a net initial yield of 6.25%. The acquisition was made on behalf of St. James’s Place Property Unit Trust.
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Asset Manager NewsDeka Immobilien rents out 4,200 m² office space in Australia
Deka Immobilien has signed a new long-term lease for around 4,200 m² office space in Melbourne, Australia. The space was secured by the Leo Cussen Institute, a legal training and advanced training centre established in 1972, in the office and commercial building at William Street 15.
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Asset Manager NewsOrchard Street acquires Slough Retail Park for £63 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired Slough Retail Park in Slough, Berkshire from Benson Elliot, the UK-based pan-European private equity real estate fund manager, for a price in the region of £63 million. The acquisition was made on behalf of St. James’s Place UK Plc.
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Asset Manager News
Deka Immobilien sells office building near Paris
Deka Immobilien has sold the “Le Magnum” office building located near Paris for EUR 71,5 million. Patron Capital Partners acquired the building from the open-ended real estate fund Deka-ImmobilienEuropa.
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Asset Manager NewsWarburg-HIH Anticipates Sustained Capital Inflows in German Office Investment Markets
The positive economic parameters and high investment pressure ensure that the brisk activity on Germany’s real estate investment
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Asset Manager News
M7 Real Estate identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ report for 2nd year running
M7 Real Estate announces that for the second year in succession it has been identified as one of the London Stock Exchange Group’s 1000 Companies to Inspire Britain.
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Asset Manager News
M7’s award winning performance continues
Following our recent win at Property Week’s Property Awards this year, I am delighted to inform you that M7 Real Estate has also been honoured with another award, having been named ‘Property Fund of the year’ at the 27th annual PROPS Awards.
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Asset Manager News
KGAL acquires its first commercial real estate in Ireland
Company drives forward internationalisation strategy
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Asset Manager NewsOrchard Street acquires purpose-built care home in off-market transaction
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has acquired a purpose-built residential care home in Leamington Spa, Warwickshire on behalf of a pension fund client for £14.18m from Aprirose, a UK-based real estate investment company. The purchase price represents a net initial yield of 3.85%.
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Asset Manager News
M7 raises €30 million for first dedicated French Fund and acquires seed portfolio
M7 Real Estate announces that it has raised its first dedicated French fund.
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Asset Manager News
Principal completes acquisition of INTERNOS Global Investors to expand real estate investment capabilities in Europe
Principal Global Investors today announces the completion of the acquisition of INTERNOS Global Investors, the UK-headquartered pan-European real estate investment manager.
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Asset Manager News
KGAL ESPF 4 fund achieves 382 million euros at second closing
KGAL Group wins new international investors
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Asset Manager News
Invesco Real Estate Closes $80m Senior Loan in California for Bella Posta Multi-Family Complex
Invesco Real Estate announces today that it has originated a $80m senior loan as part of its rapidly expanding commercial real estate lending platform.
