Real Estate Updates – Page 62
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Asset Manager News
UBS ICUK property fund agrees GBP 77 million portfolio refinancing
UBS Asset Management’s Global Real Estate – UK business announces that the UBS Investment Circle UK Fund has agreed a GBP 77 million medium-term facility with an international real estate lender.
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Asset Manager News
PATRIZIA acquires another major retail portfolio
PATRIZIA Immobilien AG has acquired a top-value portfolio with more than ten spacious retail properties for over EUR 200 million.
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Asset Manager News
Post Brexit: German commercial and residential real estate expected to mark a return to rising sales
Germany’s real estate markets are showing renewed strength, despite the reality of Brexit and the start of a long and difficult period of negotiation for the UK’s exit from the European Union. While it remains to be seen whether Germany, as Europe’s most stable real estate market, might actually benefit from the situation, the country’s property market generally appears to be on the up.
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Asset Manager News
PATRIZIA receives a mandate for over EUR 400 million from BVK
PATRIZIA Immobilien AG has received a mandate from Bayerische Versorgungskammer (BVK) to act as investment manager for over EUR 400 million.
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Asset Manager News
KGAL acquires Clamecy wind farm in France
KGAL has added the “Clamecy” wind farm to its French wind farm portfolio.
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Asset Manager News
UBS Asset Management (Italia) SGR S.p.A. awarded an initial EUR 300 million pan-European real estate investment mandate by Poste Vita to invest in core eurozone offices (that can be extended up to EUR
UBS Asset Management (Italia) SGR S.p.A. announces that Global Real Estate business has been selected by Poste Vita S.p.A., a Poste Italiane Group company, to manage and expand its real estate investments in the European offices markets.
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Asset Manager News
M7 doubles occupancy at industrial estate in Aaslmeer, Netherlands
M7 Real Estate, acting on behalf of its joint venture MStar Europe, announces that following a highly proactive asset management programme it has increased the occupancy of Lakenblekersraat 30–62, Aalsmeer in the Netherlands by 48% since acquisition, taking the multi-let industrial property to 98% let.
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Asset Manager News
KGAL business event: Retired general Domröse argues for a new security strategy
At an information event organised by asset- and investment manager KGAL, retired German army general Hans-Lothar Domröse argues for a new security concept to protect the country, the population and the economy.
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Asset Manager News
KGAL business event: Professor Burghof criticises lack of innovation by banks
No borders, virtualisation and digitisation – that’s how the economist Professor Hans-Peter Burghof described life in the “big world” at an information event organised by asset and investment manager KGAL.
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Asset Manager News
PATRIZIA Awarded EUR 300 Million Separate Account Mandate
PATRIZIA Immobilien AG has been awarded a separate account mandate by a major German insurance company to invest EUR 150 million of equity to create a circa EUR 300 million portfolio of well located residential properties throughout Europe.
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Asset Manager News
KGAL buys “Jahreszeitenverlag” office building in Hamburg
KGAL’s newest acquisition of an office property in Hamburg positions the company in another promising location.
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Asset Manager News
KGAL establishes new renewable energy fund ESPF 4
Expanded investment strategy offers institutional investors increased earning opportunities
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Asset Manager News
Bouwinvest acquires 403-unit student housing development from COD and Verweij Mungra Vastgoed
Bouwinvest’s Dutch Residential Fund has agreed to purchase a complex of 403 student housing units and 1,100 sqm of common areas located in the former NDSM shipyard in Amsterdam North, from COD and Verweij Mungra Vastgoed.
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Asset Manager News
Bouwinvest unveils plans landmark Citroën buildings [Available in Dutch]
The renovation of the iconic Citroën Buildings at the Amsterdam Stadionplein symbolises the revitalisation of the whole area.
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Asset Manager News
KGAL remains committed to London despite BREXIT
CEO Gert Waltenbauer confirms that despite his company’s international focus, the referendum decision by the British people to leave the European Union will not affect the future development of the asset management firm based in Grünwald.
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Asset Manager News
Macquarie enters the Central and Eastern Europe real estate market with €79m portfolio acquisition
An investment vehicle advised by Macquarie Infrastructure and Real Assets (MIRA) has completed a 100% acquisition of a €79m portfolio of logistics and light industrial assets in the Czech Republic and Slovakia.
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Asset Manager News
PATRIZIA acquires 198-unit BTR development in East London
PATRIZIA UK announces that it has completed the acquisition of Trocoll House, Barking from Coplan Estates. The site has been acquired for the development of a 28-storey tower with detailed planning consent in place for 198 Build to Rent units.
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Asset Manager News
Invesco Real Estate sells Zaulek Piekna in Warsaw CBD
Invesco Real Estate is pleased to announce the sale of Zaulek Piekna on behalf of one of its separate account clients in Germany to GLL Real Estate Partners GmbH.
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Asset Manager News
KGAL acquires Eiffel Square Office Building in Budapest
KGAL has purchased the “Eiffel Square Office Building” in Budapest, adding a prime asset in Hungary to its property portfolio.
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Asset Manager News
M7 completes acquisition of 750,000 sqft Netherlands industrial portfolio at final close of third European fund
M7 Real Estate announces the final close of its third European investment fund having received total commitments of c. €125 million giving the fund a gross acquisition capacity of approximately €300m.