Real Estate Updates – Page 18
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Asset Manager NewsSalesforce Tower Chicago Completes Construction and Becomes First Office Tower to Measure and Achieve a 19% Reduction in Carbon Emissions
Hines shares Embodied Carbon Reduction Guide with methods that can be implemented industry-wide.
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Asset Manager NewsGTIS Partners Closes on Build-to-Rent Project in Queen Creek, AZ
GTIS Partners LP (“GTIS”), a real asset investment and development firm based in New York, today announced closing on Queen Creek Commons, a residential build-to-rent project located in Queen Creek, AZ within the Phoenix MSA. The Project will be developed in-house by GTIS with Sonoma Communities, a Phoenix based developer, serving as its co-developer. The Project is estimated to have a budget of approximately $65,000,000.
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Asset Manager NewsFine Grain wins global quality standard ISO 9001 certification
Fine Grain Property is delighted to announce that it has been awarded the world’s most widely recognised quality management standard, ISO 9001:2015, by the National Standards Authority of Ireland (NSAI).
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Asset Manager NewsAEW Expands Japan Multifamily Portfolio
AEW Capital Management (“AEW”) announced it has acquired two multifamily portfolios in Japan, including 6 new assets with approximately 16,000 sqm gross floor area, as it continues to invest in residential assets.
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Asset Manager NewsPrimonial REIM Opens an Office in London and Appoints a New Investor Services Team in the UK
Paris, Tuesday 12th April 2022 – In the context of the continued international expansion of its activities, Primonial REIM today announced the opening of its London office and the hire of Sandra Burrows as Head of Primonial REIM UK.
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Asset Manager NewsIFM releases new infrastructure report highlighting key trends for investors
Investment opportunities in renewables and digital infrastructure, and closer partnerships with governments are on the cards for infrastructure investors says a new report released today by pension fund-owned IFM Investors, one of the world’s largest infrastructure investors.
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Asset Manager NewsPlan for Germany’s first climate-neutral event arena at Munich Airport receives go-ahead
Private sector investment of over 300 million euros. SWMUNICH Real Estate GmbH (SWMUNICH), a joint venture between KGAL GmbH & Co. KG and LOGO Partners GmbH, based in Freising, Bavaria, will plan, build, and operate the new multi-purpose event arena for audiences of up to 20,000.
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Asset Manager NewsPGIM Real Estate acquires three prime European offices for European core strategy
PGIM Real Estate has completed the acquisition of three centrally located office properties in Amsterdam, Paris and London, on behalf of its European core strategy. PGIM Real Estate is the US$209.3 billion real estate business of PGIM.
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Asset Manager NewsIPUT expands flexible workspace platform Making it Work, adding two new locations
First Making it Work location at Pearse Street, is now fully occupied by Strava and Datadog Launch of two new locations will add over 13,000 sq. ft. of flexible workspace Penthouse at Riverside 2, on Dublin’s docklands, and ground floor at Styne House, Dublin 2 will offer over 10,200 ...
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Asset Manager NewsDeka Immobilien acquires office building in Stuttgart
Deka Immobilien has acquired a further office property in Stuttgart for the new Domus Megatrends Europa special fund. After purchases in Dublin and Madrid, the property is the third investment for the fund under development. The property was sold by Barings. The parties agreed not to disclose the purchase price.
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Asset Manager NewsEdmond de Rothschild REIM raises further capital for its European High Yield I Real Estate Debt Fund
Edmond de Rothschild Real Estate Investment Management (REIM) completed another equity closing in its pan-European High Yield I Real Estate Debt Fund taking the current equity commitment in the Fund to above EUR 160 million.
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Asset Manager NewsPGIM Real Estate global transactions rise 43%, driven by logistics, residential and ESG trends in Asia-Pacific
SINGAPORE, 31 March 2022 – PGIM Real Estate completed a record US$42.7 billion across 1,067 transactions in 2021, up 43% from the previous year, as it continues to strengthen its global real estate portfolio across equity and debt strategies. PGIM Real Estate is the US$209.3 billion real estate business of PGIM.
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Asset Manager NewsSC Capital Partners Releases Inaugural Sustainability Report
SC Capital Partners (“SCCP”) has released its inaugural Sustainability Report for Financial Year 2021 (“FY2021”). Titled “Sustainability in Action”, the report outlines the Group’s commitment to Environmental, Social and Governance (“ESG”) practices and initiatives, and articulates the Group’s ESG framework and approach, as well as its material matters’ targets and performances.
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Asset Manager Newsa.s.r. to acquire Sweco Capital Consultants
a.s.r. and Sweco Nederland have agreed that a.s.r. real estate will acquire Sweco Capital Consultants. With this, the insurer’s real estate investment manager strengthens its position in the field of real estate and infrastructure investments. The acquisition fits in with a.s.r. real estate’s ambition to become a full-service real estate investment manager. The activities of Sweco Capital Consultants will be taken over as of 1 May 2022.
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Asset Manager NewsPro-invest and Next Story launch joint hospitality group Vista
Pro-invest and Next Story Group have joined forces to establish a new management company, Vista Hospitality Group Australasia.
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Asset Manager NewsPGIM Real Estate global transactions rose 43% in 2021, driven by US logistics, affordable and senior housing, ESG
NEWARK, N.J., March 30, 2022 – PGIM Real Estate completed a record $42.7 billion in transactions globally in 2021, up 43% from the prior year — including $35 billion in transactions in the U.S. alone, up 38% from the previous year. PGIM Real Estate is the $209.3 billion real estate business of PGIM.
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Asset Manager NewsBosch sites new R&D Centre at Limerick’s Plassey Business Campus
German tech giant Bosch is the latest multinational to take office space at Fine Grain Property’s prestigious Plassey Business Campus at Limerick’s National Technology Park.
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Asset Manager NewsNuveen enters UK affordable housing sector in partnership with Preferred Homes
Nuveen Real Estate, one of the largest investment managers in the world, has announced its intention to enter the UK Affordable Housing sector on behalf of the TIAA General Account in a joint venture with Preferred Homes Limited (“PHL”), a for-profit Registered Provider of Affordable Housing, supported by Ashbourne Capital Partners (“ACP”), the UK based real estate asset management business.
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Asset Manager NewsASR Dutch Mobility Office Fund wins GRESB-BREEAM Award 2022 for Responsible Investment
During the BREEAM Summit that took place yesterday, Rick Sturkenboom, the asset manager for a.s.r. real estate’s office portfolio, received the Award on behalf of the ASR Dutch Mobility Office Fund. According to the GRESB benchmark, the office fund, which invests in sustainable office space close to the Netherlands’ major intercity stations, is one of the best-performing funds worldwide in the field of sustainability and last year was awarded BREEAM certificates for its entire portfolio.
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Asset Manager NewsIPUT’s net zero targets validated by SBTi
IPUT Real Estate is committed to responsible investment and has set a net zero carbon target for 2030. Our emissions reduction targets have now been validated by the Science Based Targets initiative (SBTi) as consistent with the Paris Agreement and to limit global warming to 1.5°C .
