Real Estate Updates – Page 19
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Asset Manager NewsNuveen Real Estate’s Australian housing platform opens first assets
Nuveen Real Estate, one of the world’s largest real estate investment managers and a leading manager of housing investments globally, has announced the opening of the first project in its Australian housing platform.
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Asset Manager NewsEdmond de Rothschild REIM completes £320 million fundraising for UK Residential Property Fund
Edmond de Rothschild Real Estate Investment Management (REIM) has secured £85 million of new equity for its Edmond de Rothschild Residential Investment Fund UK, increasing its investment capacity to £535 million, including debt.
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Asset Manager NewsNuveen real estate completes purchase of cube berlin
Nuveen Real Estate, one of the largest investment managers in the world, has finalised its acquisition of cube berlin, a 17,500 sq m (c. 188,000 sq ft) office asset in the heart of the city, following the completion of the development in February 2020.
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Asset Manager NewsProject King, M&G’s platform with M7, expands with £165m deal
In February 2022, M&G Real Estate completed the acquisition of nine multi-let industrial assets across the UK from Patrizia, for £165m.
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Asset Manager NewsPGIM Real Estate closes 3 key deals for more than $222M in core plus lending
NEWARK, N.J., March 11, 2022 – PGIM Real Estate has provided more than $222 million in core plus financing on behalf of two investors. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsPeterborough’s Queensgate shopping centre celebrates its 40th anniversary
Peterborough’s Queensgate Shopping Centre has been at the heart of the city’s retail life for four decades.
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Asset Manager NewsThe future of the office: how top-notch facilities, face-to-face contact and foosball can boost productivity
Bad news for office foosball fans: business leaders rank the game as the least likely office initiative to foster innovation within their organisations. Even beanbags scored more highly, according to a poll of board level executives at 285 companies operating in Ireland, carried out by Fine Grain Property.
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Asset Manager NewsMV Credit to Open Paris Office as it Expands with New Private Debt Team
MV Credit, an affiliate of Natixis Investment Managers (Natixis IM), is to open an office in Paris and integrate the former private debt team of Ostrum Asset Management as part of a strategic and geographical expansion.
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Asset Manager NewsPATRIZIA crystallises value from c.17,000 sq m trophy office asset in Cologne
PATRIZIA AG announces that it has disposed of Kranhaus 1 to Deka Immobilien Investment GmbH.
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Asset Manager NewsDeka Immobilien acquires Kranhaus 1 in Cologne
Deka Immobilien has acquired a prominent office property in Cologne. The seller is the real assets investment manager Patrizia AG. The property will be added to the portfolio of the open-ended real estate fund WestInvest InterSelect. The parties agreed not to disclose the purchase price.
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Asset Manager NewsCityWave is the first project in Italy certified Platinum by WiredScore
The new CityLife office building has been awarded the highest level recognized by the international certification WiredScore for its digital connectivity and smart technology.
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Asset Manager NewsGARBE Industrial Real Estate Grows in Europe while Expanding its Fund Business
New offices opened in Italy, France, Spain, enlarged footprint in the UK Assets under management increase to c. 9.5 billion euros Transaction volume totals 1.2 billion euros Property development pipeline in Europe swells to 2.7 billion euros ESG efforts: potential for up to 6 million square metres of PV ...
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Asset Manager NewsGTIS Partners Closes on Build-to-Rent Project in Tampa
GTIS Partners LP (“GTIS”), a real estate investment firm that manages over $4.3 billion in gross assets with a focus on residential and industrial investments, today announced its closing on River Landing, a 72-acre site that will be developed into an approximately 260-unit build-to-rent (“BTR”) community.
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Asset Manager NewsSC Capital Partners launches pan-Asian data centre platform
SC Capital Partners Pte Ltd (“SC Capital Partners”), the Singapore headquartered private equity real estate firm, has launched a data centre platform, SC Zeus Data Tenters Pte Ltd (“SC Zeus Data Centers”) in partnership with a team of highly experienced data centre professionals led by data centre and private equity real estate industry veteran Joe Gooi
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Asset Manager NewsSwiss Life - Insights: March 2022
The Swiss Life Asset Managers’ European Thematic Cities Index (TCI) compares European cities across the five Cs. It identifies those most likely to be resilient in the face of unrelenting structural change as well as their individual strengths and weaknesses. We translate the five Cs into city specific themes that resilient cities will need.
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Asset Manager NewsCopenhagen leads the way for student housing investments
PATRIZIA is moving strongly into the student accommodation market with recent purchases of assets in Copenhagen, Hamburg and Dublin. The company is also investigating opportunities in Italy, Spain and the Netherlands.
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Asset Manager NewsPGIM Real Estate acquires Grade A logistics portfolio in the Netherlands from Dudok Real Estate
PGIM Real Estate has completed the acquisition of a 106,236 sqm Grade A logistics portfolio comprising two properties in Rotterdam and Dordrecht, on behalf of its European core strategy. The properties were bought from Dordrecht-based logistics developer Dudok Real Estate. PGIM Real Estate is the US$209.3 billion real estate business of PGIM.
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Asset Manager NewsUBS-AM wins Real Asset Manager of the Year
UBS Asset Management (UBS-AM) is proud to announce that it has been awarded Real Asset Manager of the Year in the 2022 Insurance Asset Risk Awards.
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Asset Manager NewsPATRIZIA FY 2021 trading statement: Continued growth in business activity despite Covid-19 pandemic – fourth consecutive increase in dividends
Strong y-o-y increase in equity raised of 38.7% and transaction volume signed of 24.0% AUM grow 3.5% y-o-y to EUR 48.6bn Operating income up 1.6% y-o-y to EUR 118.3m, EBITDA up 11.4% y-o-y to EUR 128.9m Dividend increase of 6.7% to EUR 0.32 per share and continued share buy-back ...
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Asset Manager NewsPATRIZIA FY 2021 trading statement: Continued growth in business activity despite Covid-19 pandemic – fourth consecutive increase in dividends
PATRIZIA SE delivered continued growth against key performance indicators and expanded its real assets investment management platform during FY 2021.
