Real Estate Updates – Page 55
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Asset Manager News
Deka Immobilien sells logistics property in Spain
Deka Immobilien has sold the “Eroski” logistics property in the Spanish city of Zaragoza. Barings acquired the property for EUR 17,6 million. The property comes from the portfolio of the WestInvest TargetSelect Logistics sector fund, which is aimed at institutional investors.
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Asset Manager News
Hines announces T3 on Chicago's Goose Island
Hines, the international real estate firm, in a joint venture with Diversified Real Estate Capital, LLC and Big Bay Realty, LLC, announced it will develop T3 Goose Island - a seven-story, 270,000-square-foot heavy timber office development.
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Asset Manager News
M7 Real Estate opens office in Hanover and appoints Harriet Ziegler
M7 Real Estate announces that it is further expanding its presence in Germany with the opening of an office in Hanover, its fifth in the country. M7 is delivering strong growth in its German real estate portfolio, which has a current value of around €1.4 billion across 189 properties.
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Asset Manager NewsOrchard Street completes acquisition of prime West London industrial estate from The Church Commissioners for £19.34 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Crown Business Centre, a prime industrial estate in a strategic West London location, from The Church Commissioners. The asset was acquired on behalf of St James’s Place UK Plc. for £19.34 million, representing a net initial yield of 3.90%.
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Asset Manager News
Hines to develop first multifamily project in San Antonio
Hines announced it will develop a four-story, 380,000-square-foot, luxury multifamily project within The RIM retail power center.
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Asset Manager News
Hines launches El Convento Citypark - 1.7 million sf logistics park in Mexico City
Hines is kicking off Phase One of El Convento CityPark in Mexico City, a logistics park development in the CTT submarket.
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Asset Manager NewsOrchard Street acquires Manchester retail park for £63 million from The Crown Estate
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Altrincham Retail Park in Greater Manchester from The Crown Estate for £63.05 million. The acquisition has been made on behalf of St James’s Place Property Unit Trust and represents a net initial yield of 6.96%.
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Asset Manager NewsAEW agrees new lease with Furniture Village at Bath Road Central, Slough
AEW has agreed a new lease with British furniture retailer Furniture Village, which is expanding its office space at the Bath Road Central business park in Slough by 3,726 sq ft. The retailer will occupy a total of 10,926 sq ft at 258 Bath Road Central on an unexpired term of 10 years.
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Asset Manager News
Savills Studley signs lease at 1125 Seventeenth Street
Hines announced today that Savills Studley, the commercial real estate services firm specializing in tenant representation, has occupied 8,448 square feet on the 23rd floor at 1125 Seventeenth Street in Denver.
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Asset Manager News
AEW and Natixis Asset Management complete third close for SELF II bringing commitments to over €500 million
Two appointments to real estate debt team support further platform growth
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Asset Manager News
Hines acquires PacSun Global Headquarters in Anaheim
Hines announced that along with funds managed by Oaktree Capital Management, L.P., it has acquired Pacific Sunwear “PacSun” Global Headquarters, a 181,000-square-foot, three-story Class A office building in Anaheim, CA.
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Asset Manager News
Hines sells 2.9. sf industrial portfolio in Mexico to Grupo IGS
Hines announced the sale of a 2.9 million-square-foot portfolio of industrial and logistics properties to Grupo IGS. Financials on the deal were not disclosed. Savills represented Hines on the disposition.
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Asset Manager News
Property firm M7 to float new company to target booming regional market
Property company M7 Real Estate is looking to raise a £300m fund for regional buildings through a new listed company that will float on the London Stock Exchange.
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Asset Manager News
Deka Immobilien sells office portfolio in the Netherlands
Deka Immobilien has sold the “Liv-Portfolio” in the Netherlands for around EUR 360 million.
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Asset Manager News
NPS sells Sony Center Berlin to Oxford Properties
Hines, the international real estate firm announced today on behalf of the Korean pension fund National Pension Service the pending sale of Sony Center at Potsdamer Platz to a partnership of Oxford Properties and Madison International Realty for approximately €1.1 billion.
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Asset Manager NewsOrchard Street completes 35,000 sq ft of lettings at Rivergate, Newbury
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed three lettings totalling over 35,000 sq ft at Rivergate, its newly refurbished business park office asset on Newbury Business Park, Berkshire, with quoting rental levels of £24.50 per sq ft.
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Asset Manager News
Hines breaks ground on the offices at Chandler Viridian, city's tallest multi-tenant office building
Hines recently broke ground on the Offices at Chandler Viridian and announced that Stantec, an architectural, engineering, planning and environmental services company, will locate its Southwest regional office there.
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Asset Manager News
M7 purchases €142.9 million of Dutch assets for M7 EREIP IV
M7 Real Estate announces that it has invested a further €142.9 million in 34 office assets throughout the Netherlands on behalf of M7 European Real Estate Investment Partners IV.
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Asset Manager News
Hines Pan-European Core Fund Named Private Diversified Global Sector Leader by GRESB for its Commitment to Sustainability
The Hines Pan-European Core Fund has achieved the highest possible rating of five Green Stars out of a possible five and has been named a Global Sector Leader by Global Real Estate Sustainability Benchmark in the 2017 Real Estate Assessment.
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Asset Manager News
GTIS Partners Clinches Sustainability Performance Top Honors for Third Year Running
GTIS Partners LP today announced that the GTIS Brazil Real Estate Fund I has been recognized as 2017’s most sustainable private equity real estate investment fund in South America by the Global Real Estate Sustainability Benchmark.
