Real Estate Updates – Page 60
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Asset Manager News
Invesco Real Estate generates out performance in European hotel sector
Invesco Real Estate is pleased to announce the exchange of contracts for the sale of a portfolio of seven hotels, from its second dedicated pan-European hotel fund.
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Asset Manager News
M7 acquires 115,000 sqm portfolio from Danish bank
M7 Real Estate, in a joint venture with leading global private equity investment firm H.I.G. Capital, announces that it has acquired a portfolio of 76 assets across Denmark from Danske Bank. M7 will act as asset manager through its Copenhagen based team which is headed by Mette Seifert.
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Asset Manager News
M7 completes initial phase of £3.5 million redevelopment of Vision Retail Park, Hartlepool
M7 Real Estate announces the completion of the initial phase of its £3.5 million redevelopment and rebrand programme at 66,781 sq ft Vision Retail Park in Hartlepool. Simultaneously, M7 has announced a pre-let to Costa Coffee of an 1,800 sq ft drive-thru unit, which will commence construction immediately.
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Asset Manager News
KGAL acquires Sachsenring-Ensemble in Cologne
Asset and investment management firm KGAL has further expanded its real estate portfolio with the acquisition of the Sachsenring-Ensemble in Cologne.
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Asset Manager News
BNP Paribas Real Estate scoops prestigious Green Apple Award
BNP Paribas Real Estate has won a prestigious Green Apple Award for Environmental Best Practice after boosting recycling rates across its managed central London portfolio, including Google’s new King’s Cross HQ.
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Asset Manager News
M7 signs Dekapak for new HQ at Goldthorpe Industrial Estate
M7 Real Estate announces on behalf of a major Financial Institution that following a targeted asset management and marketing programme, it has secured a new 31,000 sq ft letting with Dekapak Solutions at the Goldthorpe Industrial Estate in Barnsley.
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Asset Manager News
Timbercreek Asset Management Expands Global Team with Two Senior Hires
Timbercreek Asset Management today announced the appointment of two new senior hires who will help execute on strategies to build and grow the firm both domestically and abroad.
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Asset Manager News
AEW Europe completes merger with Ciloger creating €24 billion AUM real estate asset management firm
AEW Europe announces the completion of its merger with Ciloger, one of the leading managers of real estate funds targeted at French retail investors, creating one of the largest real estate asset managers in Europe.
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Asset Manager News
M7 agrees €27 million of Dutch asset sales
M7 Real Estate announces it has completed a number of early sales of non-core assets in the Netherlands for €27.6 million, in accordance with its business plan.
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Asset Manager News
M7 Real Estate concludes over 28 million Euro of acquisitions for M7 EREIP III Fund
M7 Real Estate has concluded five further acquisitions in different asset classes for its M7 European Real Estate Investment Partners III investment fund.
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Asset Manager News
M7 invests over €200 million in 53 properties following the first close of fourth European fund
M7 Real Estate announces that it has acquired approximately €213 million of assets in Finland, Germany and the Netherlands, on behalf of M7 European Real Estate Investment Partners IV.
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Asset Manager News
M7 raises €35 million for first Central European fund and makes debut investment in Prague
M7 Real Estate announces that it has raised its first Central European fund. M7 Central European Real Estate Fund I has received investor commitments from a number of family office and high net worth individuals totalling over €35 million to be deployed in the region.
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Asset Manager News
Properties in “walkability” locations offer strong capital appreciation
Demand for German office space is expected to continue to increase, resulting in further yield compression.
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Asset Manager News
Principal Real Estate Investors recognized for responsible property investing practices
The United Nations Principles of Responsible Investment (UN PRI) and the Global Real Estate Sustainability Benchmark (GRESB) have given Principal Real Estate Investors top ratings again for their work in responsible investing in 2016.
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Asset Manager News
M7 Real Estate acquires 184,200 sq m central logistics warehouse in Unna
M7 Real Estate announces that in joint venture with a well-capitalized U.S. investment manager, it has purchased a central logistics warehouse in Unna, near Dortmund in North Rhine-Westphalia from international private equity funds.
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Asset Manager News
M7 raises €175 million at first close of fourth European fund with €400 million investment capacity
M7 Real Estate announces that at the first close of its latest European investment fund M7 European Real Estate Investment Partners IV, it has received commitments totalling over €175 million from investors from a number of jurisdictions, including Hong Kong and the Middle East.
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Asset Manager News
M7 fully lets Wakefield office park having doubled occupancy
M7 Real Estate announces that it has secured over 12,800 sq ft of new lettings at Wakefield 41, taking the 32,500 sq ft business park near Leeds to full occupancy following an active asset management and targeted marketing programme.
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Asset Manager News
Bouwinvest Returns 5.9% in H1 2016 Lifted by Strong Dutch Residential
Dutch institutional real estate manager Bouwinvest REIM’s portfolio delivered an investment return of 5.9% (excluding currency effects) in the first-half of 2016, bolstered in particular by a 9.9% result for its €3.5 billion Residential Fund on the back of strong price rises in the domestic housing market.
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Asset Manager News
BVK increases its commitment to UBS Asset Management’s Global Multi-Managers business to EUR 1 billion
UBS Asset Management’s Global Real Estate – Global Multi-Managers business announces that Bayerische Versorgungskammer has increased its GMM mandate from EUR 750 million to EUR 1 billion.
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Asset Manager News
PATRIZIA acquires 177 residential units in Copenhagen
PATRIZIA Immobilien AG has acquired a residential turn-key project in central Copenhagen.