Real Estate Updates – Page 56
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Asset Manager News
GTIS Partners closes $680 million Brazil Real Estate Fund III
GTIS Partners LP (“GTIS”), a real estate private equity firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris, and Munich, held its final closing for the GTIS Brazil Real Estate Fund III (“Fund III”) on December 30, 2016. A total of approximately $680,000,000 was raised largely from several institutional investors.
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Asset Manager NewsOrchard Street serves an ace with acquisition of David Lloyd health, fitness & racquets club
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces the freehold acquisition of a David Lloyd Leisure health, fitness and racquets club located in Newbury, Berkshire for £17.6 million. The transaction, made on behalf of a pension fund client, was structured as a sale and leaseback agreement with the tenant, and reflects a net initial yield of 4.5%.
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Asset Manager News
KGAL acquires the Ilmenau Center in Lüneburg
Asset and investment manager KGAL has expanded its real estate portfolio with the acquisition of the Ilmenau Center.
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Asset Manager News
GoldenTree Asset Management and GTIS Partners Announce Formation of Joint Venture, GTIS Debt Capital Management
GoldenTree Asset Management and GTIS Partners are announcing the formation of GTIS Debt Capital Management, a new joint venture focused on real estate debt.
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Asset Manager News
Invesco Real Estate Completes €530m Pan-European Hotel Portfolio Deal
Invesco Real Estate has closed on the acquisition of a €530m pan-European hotel portfolio, in one of the industry’s largest pan-European deals of institutional investment into the hotel real estate sector in 2017.
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Asset Manager News
ATP acquires 4-star hotel in Munich in a joint venture
The Danish pension fund ATP and a Dutch institutional investor acquire a large hotel in the heart of Munich in Germany.
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Asset Manager News
KGAL buys two further office buildings for special AIF in Budapest
The asset and investment manager KGAL has acquired the Kálvin Square and CityZen office buildings in Budapest.
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Asset Manager NewsPATRIZIA delivers strong results for the first half of 2017
Continued expansion as global provider of real estate investments in Europe
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Asset Manager News
Deka Immobilien purchases retail complex in France
Deka Immobilien has purchased a retail complex in an exclusive location in Strasbourg. The seller is the French real estate developer and investor Altarea Cogedim.
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Asset Manager NewsOrchard Street achieves full occupancy at Templeback Bristol
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed two new lettings at 10 Templeback in Bristol’s city centre totalling almost 20,000 sq ft, bringing the prime office building to full occupancy. Orchard Street acquired the property in 2015 for £58.6 million, and subsequently undertook a £400,000 refurbishment which further enhanced its appeal, cementing the asset as one of Bristol city centre’s premium office locations.
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Asset Manager News
M7 acquires £23.7 million of regional assets and takes sixth UK-focussed fund to full investment
M7 Real Estate announces that it has completed the acquisition of seven regional assets with an aggregate value of £23.7 million on behalf of M7 Real Estate Investment Partners VI.
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Asset Manager NewsOrchard Street tips its hat to Camden, with purchase of £25 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, announces that it has completed the acquisition of Dunn’s Hat Factory, a prime office asset in Camden, North London, for £25.3 million in an off-market transaction. The property was acquired from Threadneedle on behalf of St James’s Place Property Unit Trust, and the purchase price represents a net initial yield of 4.3%.
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Asset Manager News
Invesco Real Estate launches third dedicated hotel fund with €179.5m equity and initial seed portfolio
Invesco Real Estate, the global real estate investment manager, announced today the launch of an open-ended fund investing in the pan-European (ex-UK) hotel sector targeting a 6%-7% p.a. gross income return and with an initial equity commitment of €179.5m from 10 institutional investors.
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Asset Manager News
M7 London HQ moves to The Monument Building
M7 Real Estate announces that is has moved into its new office space at The Monument Building, 11 Monument Street, London.
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Asset Manager News
Deka Immobilien purchases logistics portfolio in Germany
As part of a sale and leaseback transaction, Deka Immobilien GmbH has secured a DSV portfolio of three German properties under a purchase agreement.
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Asset Manager News
Deka Immobilien purchases fourth property for its North American-Fund
Deka Immobilien has secured via a Sale-and Leaseback-transaction the Hotel „Hyatt Centric The Loop“, located in downtown Chicago, for a purchase price of 110 Mio.
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Asset Manager News
GoldenTree Asset Management and GTIS Partners Announce Formation of Joint Venture, GTIS Debt Capital Management
GoldenTree Asset Management and GTIS Partner are announcing the formation of GTIS Debt Capital Management, a new joint venture focused on real estate debt.
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Asset Manager News
First closing of KGAL’s 4th European Renewable Fund, ESPF4, reflecting strong investor appetite for the sector
KGAL announces the first closing of its core plus European renewable fund ESPF 4. With €255 million of committed equity, the Luxembourg-based SICAV-SIF vehicle has attracted large commitments from four major European institutional investors.
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Asset Manager NewsKGAL Group acquires Austrian shopping centre in Liezen/Steiermark
KGAL Group continues to expand its real estate portfolio in Austria. The purchase of the “ELI Liezen” shopping centre marks the asset and investment manager’s seventh property acquisition for the institutional retail fund ARPP.
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Asset Manager News
KGAL Group has taken an innovative approach to its Austrian property portfolio
KGAL Group has successfully concluded the first conversion of a closed-ended property fund into an open-ended special property fund.
