Real Estate Updates – Page 21
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Asset Manager NewsPGIM Real Estate adds ESG lead for Europe and Asia Pacific
PGIM Real Estate has further strengthened its commitment to environmental, social and governance (ESG) investing, with the addition of Julie Townsend as ESG lead for Europe and Asia Pacific, based in London and effective immediately. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager NewsEdmond de Rothschild REIM Acquires Modern Light-Industrial Asset In Etten-Leur
Edmond de Rothschild Real Estate Investment Management has acquired a modern light-industrial facility in Vossendonk, Etten-Leur, in the Netherlands.
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Asset Manager NewsVattenfall to sell part of Princess Ariane wind farm to a.s.r.
Vattenfall is to sell part of Prinses Ariane wind farm in the Wieringermeer to a.s.r. As a result, a.s.r. will be the owner of 32 of the 82 turbines on the largest Dutch onshore wind farm.
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Asset Manager NewsGenerali Real Estate acquires core logistics asset in Krakow
Generali Real Estate has completed the acquisition of 7R Park Kraków IX, a core logistics asset in Poland, located in Kokotów, Krakow area, on behalf of the pan-European “Generali Real Estate Logistics Fund” (GRELF) managed by Generali Real Estate S.p.A SGR.
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Asset Manager NewsNuveen Real Estate’s Asia Pacific Cities strategy acquires a 50% interest in One George Street, Singapore in joint venture for US$472 million
Acquisition represents the fourteenth asset for the strategy, bringing the total AUM of the pan Asia-Pacific portfolio to over US$1 billion.
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Asset Manager NewsMexico Industrial FIBRA managed by PGIM Real Estate announces key leasing and development projects
MEXICO CITY, [10 DEC 2021] – A leading industrial real estate investment trust (“FIBRA”), externally managed by PGIM Real Estate and dedicated to acquiring, developing, leasing, and managing industrial real estate properties in Mexico, announced two key leases and two new development projects.
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Asset Manager NewsEdmond De Rothschild Reim acquires logistics asset at Amsterdam Airport Schiphol
Edmond de Rothschild Real Estate Investment Management has acquired a logistics facility at Amsterdam Airport Schiphol.
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Asset Manager NewsPGIM Real Estate and Osborne agree multimillion-pound joint venture in Build to Rent
PGIM Real Estate, on behalf of our European value-add strategy, has agreed to enter into a joint venture with Osborne Developments for a multimillion-pound investment strategy targeting Build to Rent (BTR) multifamily opportunities in the South, Southeast and Southwest of England. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU)
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Asset Manager NewsEdmond de Rothschild REIM secures £25.9 million Glasgow development for UK private rented sector Fund
Edmond de Rothschild Real Estate Investment Management (REIM) has secured a prime residential development site in Glasgow, its first investment in Scotland, for the Edmond de Rothschild Residential Investment Fund UK, which invests in the private rented sector (PRS) on behalf of European institutional investors.
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Asset Manager NewsPGIM Real Estate provides $169.3M across three industrial portfolios in Mexico
SAN FRANCISCO, Dec. 7, 2021 – PGIM Real Estate has provided more than $169 million in fixed rate financing across three industrial portfolios located in Mexico on behalf of its core lending strategy. The transactions provided $84.5 million to Corporate Properties of the Americas (CPA) to supplement two existing loans and $84.79 million to Advance Real Estate to finance the acquisition of eight industrial assets.
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Asset Manager NewsEdmond de Rothschild REIM finances Paris property development through its rapidly growing Real Estate Debt Fund
Edmond de Rothschild REIM finances the acquisition and conversion of a commercial property in the centre of Paris into a residential property with highest ESG-standards via Mezzanine bonds while its European Real Estate Debt Fund continues to grow to more than EUR 100 million.
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Asset Manager NewsSC Capital Partners acquires strategic industrial asset in Queensland, Australia
SC Capital Partners Group, the Singapore-headquartered private equity real estate firm, has acquired a strategic industrial asset in South-East Queensland, Australia on behalf of its latest closed-end opportunistic fund, Real Estate Capital Asia Partners V (RECAP V).
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Asset Manager NewsSC Capital Partners taps into the Japanese real estate NPL market
SC Capital Partners Group, a Singapore-headquartered private equity real estate firm, has acquired a portfolio of real estate non-performing loans (NPLs) in Japan on behalf of its latest closed-end opportunistic fund, Real Estate Capital Asia Partners V (RECAP V).
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Asset Manager NewsPGIM Real Estate arranges $105M Fannie Mae refinance for California multifamily properties
NEWARK, N.J., Nov. 16, 2021 – PGIM Real Estate has arranged $105.24 million in Fannie Mae refinance loans on behalf of Goldrich Kest, a privately owned diversified real estate owner and operator, for six multifamily properties located throughout California. 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 Newsa.s.r. again included in Dow Jones sustainability index
This year a.s.r. has once again been included in the Dow Jones Sustainability World Index, the index that monitors sustainability of companies worldwide. This was announced last Friday by S&P Global, the company that publishes the index. a.s.r. is now among the 10% most sustainable insurers worldwide.
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Asset Manager NewsPGIM Real Estate grows APAC logistics footprint with two food warehouses in Korea
SINGAPORE, 11 November 2021 – PGIM Real Estate has strengthened its logistics portfolio in Asia Pacific with the acquisition of two properties in Seoul on behalf of the firm’s Asia Pacific core strategy and through a joint venture with Singapore’s CapitaLand Investment. The properties were acquired from Foodist Co. Ltd and have significant cold chain facilities that support Foodist’s operations of catering and food distribution.
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Asset Manager NewsGLP Announces $1.75 Billion First Close of CLF III, the Third Vintage of its Flagship China Development Fund Series
More than $7 billion of discretionary development capital for logistics real estate development in China, more than any other private real estate manager
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Asset Manager NewsPGIM Real Estate finances $85M supplemental loan for Sunbelt industrial portfolio
DALLAS, Nov. 4, 2021 – PGIM Real Estate has provided an $85 million supplemental loan on behalf of its U.S. core strategy to DRA Advisors for its 140-building industrial portfolio that spans the U.S. Sunbelt region. 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 NewsGLP Joins UN PRI to Promote Responsible Investment Practices
Today GLP announced it became a signatory to the United Nations- supported Principles for Responsible Investment (PRI), demonstrating our ongoing commitment to environmental, social and governance (ESG) and further aligning our values to our investment partners.
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Asset Manager NewsPATRIZIA wins mandate dedicated to real estate debt, further strengthening its position as a leading global real assets player
PATRIZIA AG, a leading partner for global real assets, has taken on a new mandate purely focused on real estate debt and is strengthening its position as a leading independent global real assets investment manager.
