Real Estate Updates – Page 68
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Asset Manager News
AEW Europe launches opportunistic investment partnership
AEW Europe has signed an investment programme focused on German retail assets as part of the expansion of its opportunistic platform. AEW Europe is working with its local partner, Kintyre to source and structure investments in Germany and will initially look to build a €150 million portfolio of assets in lot sizes of €5-15 million.
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Asset Manager News
Bouwinvest’s Dutch Office Fund Beats IPD’s Multi-Year Annual Property Index
Bouwinvest’s Dutch Office Fund has strongly outperformed the latest benchmark IPD Netherlands Annual Property Index over both three-year and five-year periods. The Office Fund’s average three-year total investment return was 1.1% compared with -0.9% for the benchmark.
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Asset Manager News
Bouwinvest’s Dutch Residential Fund Beats IPD Annual Property Index for Fifth Year in Succession as it Plans Additional €700 million Investment Programme in Housing
The Dutch Residential Fund of real estate manager Bouwinvest outperformed the Investment Property Databank’s (IPD) Netherlands Annual Property Index for the fifth year in a row in 2014 with a total investment return of 5.8% versus the market benchmark’s 5.2% last year.
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Asset Manager News
Bouwinvest’s Dutch Retail Fund Trumps IPD Annual Property Index in 2014
Bouwinvest’s Dutch Retail Fund outpaced the IPD Netherlands Annual Property Index in 2014 with an average total investment return of 2.7%, compared with 2.0% for the benchmark. The Retail Fund also beat IPD’s Dutch market multi-year averages with a total return of 5.3% for three years and 6.3% for five years, versus 2.6% and 4.5% respectively for the index.
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Asset Manager News
Office Fund Rents 3,600 sqm Renovated Office in Emerging Amsterdam Eenhoorn District
Bouwinvest has rented the 3,600 square metres newly renovated Valina office building in the up and coming mixed-use Eenhoorn district in the east of Amsterdam entirely to publishers WPG Uitgevers.
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Asset Manager News
M7 Takes Outright Control of Pan-European Joint Ventures to Transform Platform into a Wholly-Owned Operation
M7 Real Estate, the investment manager specialised in multi-let, light industrial properties, has taken full control of all its asset management joint ventures to transform its pan-European platform into a wholly-owned operation and increase assets under management to over €1.2bn.
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Asset Manager News
M&G Real Estate to fund the London Fruit & Wool Exchange Development
M&G Real Estate has acquired The London Fruit & Wool Exchange building in Spitalfields from Exemplar for circa £55 million. Following the completion of the acquisition, M&G Real Estate and Exemplar will work in partnership to redevelop the site.
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Asset Manager News
New Development Managers required for €400 million investments in Dutch Residential and Healthcare projects
Bouwinvest has appointed Henk van Kleij and Martin Otten as development managers within the Acquistion and Development team to work on the €300 million investments in housing assets planned this year for the Dutch Residential Fund.
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Asset Manager News
Institutional Investors Could be Missing Out on Private Rented Sector Opportunities
A new whitepaper by Invesco Real Estate has suggested that UK institutional investors are significantly underinvested in the fastest growing tenure and highest performing real estate asset class in the UK – the Private Rented Sector (PRS).
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Asset Manager News
WELPUT sells One Chapel Place, W1, for £58.5 million
WELPUT, a specialist fund investing in Central London offices, managed by Schroders and advised by Quintain Estates and Development plc, has exchanged unconditional contracts to sell the freehold interest in One Chapel Place, London W1, to a private investor for £58.5 million
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Asset Manager NewsKGAL acquires commercial building in Hamburg-Wandsbek for special AIF
The KGAL Group signed a purchase agreement for a new commercial building to be constructed in the Hamburg district of Wandsbek. The investment project was acquired for a special AIF (alternative investment fund) with a future-oriented mixed-use concept.
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Asset Manager NewsClarion Partners Completes the Acquisition of Gables Residential
NEW YORK, NY – Clarion Partners, a leading real estate investment manager, today announced that a group of investors led by Clarion has acquired Gables Residential. As a result of the transaction, Gables Residential will be converted into a perpetual life vehicle.
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Asset Manager NewsAEW Europe sells 28 500 sqm office park to Invesco Real Estate
AEW Europe, acting as asset manager for its institutional investors, has sold an office park located at 48 quai du Point du Jour in Boulogne-Billancourt, France, to a separate account mandate managed by Invesco Real Estate.
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Asset Manager NewsKGAL and BSH sign rental agreement for commercial space of more than 58.000 m²
The asset management of the KGAL Group has agreed a long-term contract for a new letting as well as a contract extension for a running rental agreement with BSH Bosch und Siemens Hausgeräte GmbH
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Asset Manager News
KGAL achieves record figures in 2014
In the financial year 2014, the KGAL Group was able to raise the record amount of more than EUR 1 billion in equity from investors. With this result the company increased last year's figures (EUR 487 million) more than 100 per cent.
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Asset Manager NewsKGAL sells office building in Chicago at 30% above market value
Ahead of schedule, KGAL and UBS Real Estate GmbH succeed in selling an office building in Chicago's central business district to an American investor.
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Asset Manager News
AEW Europe purchases €110 million logistics development in Frankfurt
AEW Europe announces the purchase of nextpark GG RheinMain, a 120,000 sqm logistics park development located 20 kilometres from Frankfurt airport, on behalf of its LOGISTIS Fund.
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Asset Manager News
Bouwinvest wins €92.5m in institutional investment mandates for Dutch residential fund
Institutional property manager Bouwinvest has been awarded a total of €92.5 million in new mandates from four domestic pension schemes for its €2.6 billion Dutch Residential Fund, the largest single unleveraged fund for housing assets in the Netherlands. Three of the Dutch pension funds are new investors in the residential ...
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Asset Manager News
Bouwinvest bucks market trend to extend rental contract for national police unit in Zoetermeer with Dutch state real estate company
The Dutch State’s real estate management company has agreed to extend the lease of the 11,000 square metres Europe Palace building in Zoetermeer, near The Hague, held by Bouwinvest’s Office Fund, bucking a growing trend for the government to sharply reduce its office space requirements and leasing from third-party landlords in the Netherlands.
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Asset Manager News
DRC in UK deal double
DRC Capital has completed two deals in the UK, for Draco Property and for a joint venture between Oaktree Capital Management and Patrizia Immobilien.
