Real Estate Updates – Page 69
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Asset Manager News
DRC finances Oaktree and Patrizia acquisition
European Real Estate Debt Fund II advised by DRC Capital LLP has provided a £24m mezzanine debt facility to support the acquisition of the Citrus portfolio by a joint venture between funds managed by Oaktree Capital Management, L.P. and Patrizia Immobilien AG.
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Asset Manager News
UBS Triton invests in student accommodation in Newcastle
UBS Triton Property Fund has agreed to fund a new student scheme in Newcastle Upon Tyne for a maximum commitment of GBP 16 million.
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Asset Manager News
AEW Europe acquires €150 million Czech logistics park
AEW Europe announces on behalf of its LOGISTIS Fund, that it has purchased a 255,000 sqm logistics park in Prague, Czech Republic from Panattoni Europe for a total completed value of €150 million.
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Asset Manager News
Bouwinvest acquires Rotterdam World Trade Center and Amsterdam’s Citroën buildings to take 2014 Dutch transactions to €628m
Institutional real estate investment manager Bouwinvest’s Dutch Office Fund has acquired the World Trade Center in Rotterdam and the iconic “Citroën buildings” in south Amsterdam as part of its strategy to diversify its portfolio across the major cities in the Randstad conurbation of the Netherlands. The two deals, which were ...
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Asset Manager News
European hotel sector continues to thrive in 2014, Invesco Real Estate expands range of investment strategies across the European hotel sector
Institutional investors continue to be attracted to the pan-European hotel sector due to its robust performance and income-oriented characteristics. This is one of the findings which Invesco Real Estate, the global real estate investment manager, recently published in its H2 2014 European Market Outlook Report and which is further strengthened by IRE’s strong transactions activity of c.€500m into the sector in 2014 by its dedicated hotel team.
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Asset Manager News
Union Investment rejuvenates real estate fund portfolio
Union Investment is stepping up the turnover rate in its real estate fund portfolios.
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Asset Manager News
Principal Real Estate Investors Helps Celebrate the 15th Anniversary of ENERGY STAR® Certified Buildings
Principal Real Estate Investors is helping to mark the anniversary of this milestone event by earning ENERGY STAR certification for more than 50 of its properties in 2014.
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Asset Manager News
WELPUT sells Tothill Street office for £55.4m
WELPUT, a specialist fund managed by Schroders and advised by Quintain Estates and Development plc, has exchanged contracts to sell the freehold interest in 21 Tothill Street, London for £55.4 million
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Asset Manager News
UBS buys New Brook Buildings in Covent Garden
UBS Global Asset Management’s Global Real Estate (GRE) business has bought New Brook Buildings in London’s Covent Garden for approximately GBP 113 million.
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Asset Manager News
M&G Real Estate concludes 2014 with circa £4 billion global transaction
M&G Real Estate has concluded 2014 with circa £4 billion of acquisitions and sales. Total transactions for the past two years stand at £7.3 billion.
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Asset Manager News
AEW Europe’s sustainable development recognized by United Nations PRI
The United Nations Principles for Responsible Investment (“UNPRI”) has awarded AEW Europe a Class A ranking in its recent international evaluation for 2014.
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Asset Manager News
Schroder UK Property Fund ‘Tech City’ scheme secures planning approval
Hackney Council has granted planning permission for proposals at Shepherdess Walk, Schroder UK Property Fund’s extensive office redevelopment, situated close to Old Street tube station and ‘Silicon Roundabout’.
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Asset Manager News
M7 Raises Its First Real Estate Investment Fund, Which Acquires 11 High-Yielding Properties in the U.K. for £25.7 Million
M7 Real Estate has raised its first fund for third party investors and has acquired 11 high-yielding assets in England on its behalf for £25.7 million, or a blended net initial yield of about 12.5%.
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Asset Manager News
Signature Urban Properties – The Compass Residences
The first phase of what will prove to be the largest-ever private real estate project in the Bronx, New York City, is now underway.
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Asset Manager News
AEW Europe completes €820mn capital raising for LOGISTIS, bringing total equity to more than €1.3bn
AEW Europe announces that it has completed the final close for LOGISTIS, raising a total of €820mn of new equity.
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Asset Manager News
M&G Real Estate makes final south east office play of 2014 with purchase of Guildford based office park
M&G Real Estate has purchased London Square Office Park, Guildford, from IM Properties Ltd for in excess of £43 million.
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Asset Manager News
Bouwinvest acquires Amsterdam nursing home in first deal for new healthcare fund
AMSTERDAM - Dutch institutional property investor Bouwinvest has acquired the first asset for its new Healthcare Real Estate Fund with a sale and long-term leaseback purchase of the Ingenhouszhof nursing home in the southeast Amsterdam district of Watergraafsmeer from healthcare provider Amsta.
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Asset Manager News
CBRE Global Investors Sells 14 Dutch Retail Assets to Blackstone
CBRE Global Investors announces the completion of the sale of 14 retail assets in the Netherlands on behalf of the CBRE Dutch Retail Funds to Blackstone Real Estate Partners Europe IV (“Blackstone”).
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Asset Manager News
M&G Real Estate continues to invest in Reading
M&G Real Estate has acquired One Reading Central, a 220,000 sq ft prime office scheme in Reading City Centre for £94.5m, reflecting a net initial yield of 6.3 per cent.