All REIM articles – Page 118
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Asset Manager NewsKGAL establishes a fourth asset class
KGAL GmbH & Co. KG has founded a new subsidiary. Based in Frankfurt, KGAL Equity Partners GmbH & Co. KG offers institutional customers investments in private equity transactions involving companies associated with real estate and infrastructure. With this move, KGAL Group continues to pursue consistent growth.
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Asset Manager News
M7 sells Aerozone Logistics Park in Hungary
M7 Real Estate (“M7”), the pan-European investor and asset manager, announces the sale of Aerozone Logistics Park in Budapest, Hungary, to a South African investor, JTRoss Group on behalf of M7 Central European Real Estate Fund I (“M7 CEREF I” or the “Fund”).
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Asset Manager News
Barings Acquires Fully Let Grade A Logistics Asset with Development Opportunity in Toulouse, France
Barings, one of the world’s largest diversified real estate investment managers, announces the off-market acquisition of a new Grade A logistics asset in Muret, Greater Toulouse, from developer, Vectura, on behalf of institutional clients for a core investment strategy. Barings has also entered into a binding agreement to forward fund the development of a 23,000 square meter extension of the property.
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Asset Manager NewsPATRIZIA acquires Holiday Inn Express Hotel in Düsseldorf, Germany
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has acquired a fully let hotel in Düsseldorf, Germany, from DERECO.
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Asset Manager News
Barings Acquires Rea Farms Retail Property
Lincoln Harris, one of the Southeast’s preeminent commercial real estate development, investment and property management companies, announced today the sale of the retail portion of Rea Farms (the “Property”) to Barings, one of the world’s largest diversified real estate investment managers. The Property is located in Charlotte, North Carolina, and was purchased by Barings on behalf of an institutional investor.
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People News
John Ockerbloom Joins Barings as Head of U.S. Real Estate Equity
Barings, one of the world’s leading financial services firms, today announced that John Ockerbloom has joined the Barings Alternative Investments team as Head of U.S. Real Estate Equity. He will oversee all activities across the U.S. real estate equity platform and be a voting member of the U.S. Real Estate Equity Investment Committee. Ockerbloom will report directly to Anthony Sciacca, Head of Barings Alternative Investments, and will be based at the Barings headquarters located in Charlotte.
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White papersResponsible Property in action: Centropolis Towers
The Centropolis case study highlights a large APAC deal which reflects high environmental standards, including innovative use of geothermal heat pumps. The 134,399 sq m mixed-use development has been awarded LEED Gold certification and provides one of most highly specified prime office buildings in Seoul, South Korea.
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White papersESG and real assets: A matter of balance
Assessing ESG risks within real asset investments is far from straightforward. Mark Versey and Stanley Kwong use five case studies to illustrate the balance of ESG risk factors that affects investment decision-making, beyond simply trying to be ‘green’.
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Asset Manager NewsOrchard Street completes Aberdeen office letting, taking Westpoint Business Park to full occupancy
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed a ten-year lease at Westpoint Business Park in Aberdeen with Borr Drilling Ltd, the international offshore drilling contractor, via its wholly owned subsidiary Paragon Offshore (Land Support) Ltd], who has agreed to take 15,023 sq ft of office space. This latest letting takes the business park to 100% occupancy.
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Asset Manager NewsPATRIZIA sells 18 Dutch residential complexes to Heimstaden
PATRIZIA AG, the global partner for pan-European real estate investment, has sold a portfolio of 18 residential complexes on behalf of a client to Heimstaden AB, the Swedish listed real estate investment company. The agreed sales price is EUR 97.4m.
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Asset Manager News
Allianz & Barings Provide USD319m in Debt Financing to Support the Acquisition of 650 Townsend in San Francisco
Allianz Real Estate, ranked as the world’s largest real estate investor, and Barings, one of the world’s leading financial services firms, on behalf of an institutional investor, announced today that they have co-committed in total USD319.1 million (EUR282 million) in debt financing under a co-lending agreement to fund the acquisition of 650 Townsend, a premier creative office building in San Francisco. The asset is being acquired through a sale-leaseback arrangement with the major tenant. Barings will be the lead lender and administrative agent for the transaction, with Allianz co-investing on a pari passu basis.
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Asset Manager NewsDekaBank arranges financing in Birmingham
DekaBank has acted as Sole Arranger and Underwriter on a £90.48m five-year term loan secured on Priory Court and The Lewis Building, Birmingham. The loan is being made available to a Property Unit Trust managed by Gulf Islamic investments (“GII”).
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White papersShaping real assets to create a sustainable future
Growing recognition of the ability to use ESG credentials to lower risk and capture value, and meet the rising expectation from occupiers, was conveyed in a global property investor survey by the United Nations Environment Programme Finance Initiative (UNEP FI). It found that 90% of respondents planned to further analyse ESG fundamentals over the next 12 months.
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Asset Manager News
Invesco Real Estate Forward-Funds Cluster Office In Paris
Invesco Real Estate forward-funds 17,600 sqm office building in Saint-Denis, North of Paris
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Asset Manager News
Invesco Real Estate To Acquire Strategic Prime Frankfurt Office Complex For €620M
Invesco Real Estate acquiring 80,500 sqm office building complex Die Welle
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Asset Manager News
Invesco Real Estate Enters Portuguese Hotel Market With Acquisition Of Three Hotels In Lisbon For €313m
Invesco Real Estate acquires its first hotels in Lisbon in a €313m deal with Minor International and NH Hotels, marking the largest ever hotel real estate transaction in Portugal.
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Asset Manager NewsLeaders in closed aircraft funds
Closed aircraft funds managed by investment and asset manager KGAL were rated very highly in an analysis published by investor magazine FONDS professionell, in which they accounted for 10 of the 15 best-rated aircraft funds. The company was named in positions 1–8, 10 and 11, with a surplus per annum of up to 11.88%.
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White papersSector series: Impact of demographic dynamics on the multifamily landscape
Of the main property sectors, multifamily remains highly sought after by investors. Fundamentals are currently healthy with vacancy rates in equilibrium. Rent growth is tracking well ahead of broader inflation.
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Asset Manager News
M7 Real Estate identified in London Stock Exchange Group’s ‘1000 Companies to Inspire Britain’ 2019 report
M7 Real Estate recognised in sixth edition of London Stock Exchange Group’s 1000 Companies to Inspire Britain report
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White papersESG in Real Estate: Why affordable urban housing can be an attractive long-term investment strategy
In recent years, environmental, social, and governance (ESG) principles have increasingly taken centre stage in the commercial real estate investment world. This trend has been driven just as much by investors and occupiers looking to improve outcomes as by regulators seeking to set the agenda.
