All Real Estate articles – Page 67
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White papers
Surging Construction Costs: Implications for Commercial Real Estate
In the year that followed the onset of the global COVID-19 pandemic, there was an unprecedented surge in construction costs. Nationwide, building materials rose at the fastest pace in a decade from March 2020 to September 2021 (Figure 1).
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White papers
Commercial Real Estate and Inflation-Resistant Income
Commercial real estate (i.e. industrial, office, apartment, retail and hotel properties) offers investors an inflation- resistant source of income as well as the potential for attractive long-term returns.
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People News
PGIM Real Estate Adds Head of China
HONG KONG, SINGAPORE, 1 November 2021 – PGIM Real Estate has appointed Matthew Yao as Head of China. PGIM Real Estate is the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
BentallGreenOak announces its commitment to achieving Net Zero emissions by 2050 or sooner for its entire global real estate portfolio
BentallGreenOak announces its commitment to achieving Net Zero emissions by 2050 or sooner for its entire global real estate portfolio
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White papers
A Historical Analysis of Inflation’s Impact on Real Estate
Temporary bouts of inflation have arisen throughout my 23-year career, prompting questions that result in hour long webinars and/or 20-page white papers on the matter as those bouts materialize. On the surface, concerns about inflation appear valid.
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Asset Manager News
PGIM Real Estate provides $50M loan for Mesa, Arizona apartment community
MESA, A.Z., Oct. 28, 2021 – PGIM Real Estate has provided a $49.93 million acquisition loan facility on behalf of its U.S. core-plus strategy to Western Wealth Capital for the acquisition and renovation of Delano Apartments, a 265-unit single-story garden-style apartment community located in Mesa, Arizona. 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 News
Pro-invest Group announces first NABERS Carbon Neutral hotel
Holiday Inn Express Newcastle becomes the first Australian hotel to achieve Carbon Neutral certification under the NABERS Pathway
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Asset Manager News
Edmond de Rothschild REIM buys office building in Brussels
Edmond de Rothschild REIM has purchased the Empereur Building in Brussels for its Benelux Commercial Real Estate Fund (BCREF) from AIK Immobilien-Investmentgesellschaft mbH. The office property is located at Boulevard de l’Empereur 3-5 in Brussels.
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White papers
Laying the Foundations: Understanding Current Real Estate Dynamics
From de-urbanization to e-commerce, three heads of our real estate teams debate key sector trends.
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Asset Manager News
Global Retail Attractiveness Index - European retail markets pull out of downward trend in fourth quarter of 2020
The first Europe-wide lockdown in spring 2020 sent retail markets from Scandinavia to the Iberian peninsula into an unprecedented state of collective shock. This was reflected in the European retail industry barometer, the Global Retail Attractiveness Index (GRAI), which plummeted to a historic low of 89 points in the second quarter.
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Asset Manager News
PGIM Real Estate enters joint venture with AVENTOS in German industrial
FRANKFURT, October 22, 2021 – PGIM Real Estate, on behalf of its European value-add strategy, has entered into a joint venture with AVENTOS to acquire warehouse/logistics and light industrial properties across Germany. PGIM Real Estate is the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
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Asset Manager News
Edmond de Rothschild REIM confirms its ambitions in the London office market
Edmond de Rothschild strengthens its European real estate investment management platform with the appointment of Derek Williams who joined the Group as Head of UK Commercial Fund Management on 14 September 2021. He will be responsible for developing a new strategy focused on London offices.
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White papers
European alternatives: A slow burner destined for a big future
In Europe, the evolution of new property types, also called alternative sectors, have tended to lag behind the U.S., as Europe’s range of legal and tax systems, capital markets, currencies and city planning regimes make it much harder to implement strategies across borders. Consider the great variety of building designs across countries, which is in stark contrast to the relative homogeneity of shopping malls, apartment blocks or offices in the U.S.
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Asset Manager News
PGIM Real Estate arranges $106M Fannie Mae credit facility for nine affordable housing properties
NEWARK, N.J., October 20, 2021 – PGIM Real Estate has arranged a $106.763 million Fannie Mae credit facility on behalf of a nationwide owner and operator of affordable housing communities for a nine-property multifamily affordable housing portfolio located across Texas, New Mexico and Colorado. 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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White papers
The key to change? - Top 10 with… Interview with REPM private markets experts on ESG investing
Institutional investors are increasingly recognizing the potential for ESG factors to affect the valuation and financial performance of their portfolios. The recent boom can be viewed as both an economic and ethical opportunity to draw together expertise across a wide range of real asset investments. Our experts provide a cross-asset view on how ESG investment is transforming the private markets space.
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Asset Manager News
Another grand year - 2021 GRESB Real Estate and Infrastructure Assessments
Following on from previous years, UBS Asset Management, Real Estate & Private Markets’s (REPM) sustainability efforts continue to be recognized by the industry, with strong results in the 2021 GRESB Real Estate and Infrastructure Assessments.
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Asset Manager News
GTIS Partners Announces $248 Million Transaction in Real Estate Logistics Assets in São Paulo Brazil
GTIS Partners LP, (“GTIS”), a real estate private equity firm headquartered in New York City, with offices in São Paulo, Los Angeles, San Francisco, Atlanta, Paris and Munich, today announced the completion of the acquisition of $248 million (R$1.37 billion) in real estate assets by its GTIS Brazil Logistics Real Estate Investment Fund.
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Asset Manager News
Equinix and PGIM Real Estate Enter into a US$575 Million JV to Extend Hyperscale Data Center Program into Australia
REDWOOD CITY, Calif. – October 18, 2021 – Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, and PGIM Real Estate, the real estate investment and financing arm of Prudential Financial’s global asset management business, today announced an agreement to establish a US$575 million joint venture in the form of a limited liability partnership to develop and operate two xScale data centers in Sydney, Australia.
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Asset Manager News
GLP Real Estate Strategies Score High in 2021 GRESB Assessment
GLP announced today another year of exceptional results in the 2021 Global Real Estate Sustainability Benchmark (“GRESB”) assessment, the leading global environmental social and governance (“ESG”) benchmark for real estate and infrastructure investments across the world.
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White papers
Real Estate Debt Building Blocks to Opportunity
The impact of the COVID-19 pandemic has been a shock to global GDP growth and has been followed by an uneven recovery across markets and sectors. In addition, packages of monetary stimulus injected to support economies have pushed government bond yield curves lower, particularly at the short end. The resulting interest rate environment is moving asset allocators to look at real assets as a potential source of yield.