All REIM articles – Page 172
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Asset Manager News
New investor commits £162 million to WELPUT
An international institutional investor has committed £162 million to WELPUT (the ‘Trust’), through the secondary market, successfully matching the units made available through the recent redemption window.
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Asset Manager News
First aircraft deal closed for the KGAL Aviation Portfolio Fund 1
The KGAL Aviation Portfolio Fund 1 (APF1), an aircraft portfolio fund for institutional investors managed by KGAL Investment Management, acquired three Embraer 190 aircraft as part of a sale and leaseback deal.
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White papersOutlook 1H15: Eurozone commercial real estate market - Navigating political uncertainties – in an improving economic environment
The economic headlines from the second half of 2014 could easily give the impression that the eurozone’s economy was heading towards another crisis. There were concerns that the economic recovery had stagnated, with 2Q14 data showing that France and Germany, the eurozone’s two largest economies, had recorded negative growth and in so doing dragged the eurozone’s overall growth down to 0.1%.
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White papersOutlook 1H15: UK commercial real estate market - Will 2015 be a year of two halves?
Economic data from the end of 2014 continued the pattern of softer growth recorded since the summer, with 4Q14 GDP growth of 0.5% the slowest for a year. Nonetheless, this left growth for 2014 as a whole at a robust 2.6% and the fastest of the G7 nations, and given some reasonably strong high frequency data in 4Q, it is likely the final figures may be revised up in the future.
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Asset Manager News
M7-Starwood Capital Group Joint Venture Acquires 17 Dutch and German Light Industrial Properties for €74.5M
MStar Europe, the joint venture set up by M7 Real Estate and Starwood Capital Group’s Starwood Global Opportunity Fund X (SOF X) to invest in high-yielding, multi-let assets in Continental Europe, has agreed to acquire or has completed the purchase of 17 properties in Germany and the Netherlands.
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Asset Manager News
M&G Real Estate invests in prime Italian high street retail
M&G Real Estate has acquired the corporate entity holding a prime high street retail asset in central Milan from Italian developers, PRIA SpA. The asset will become part of M&G Real Estate’s core European property strategy, managed by David Jackson and Simon Ellis.
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Asset Manager News
AEW Europe launches opportunistic investment partnership
AEW Europe has signed an investment programme focused on German retail assets as part of the expansion of its opportunistic platform. AEW Europe is working with its local partner, Kintyre to source and structure investments in Germany and will initially look to build a €150 million portfolio of assets in lot sizes of €5-15 million.
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Asset Manager News
Bouwinvest’s Dutch Office Fund Beats IPD’s Multi-Year Annual Property Index
Bouwinvest’s Dutch Office Fund has strongly outperformed the latest benchmark IPD Netherlands Annual Property Index over both three-year and five-year periods. The Office Fund’s average three-year total investment return was 1.1% compared with -0.9% for the benchmark.
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Asset Manager News
Bouwinvest’s Dutch Residential Fund Beats IPD Annual Property Index for Fifth Year in Succession as it Plans Additional €700 million Investment Programme in Housing
The Dutch Residential Fund of real estate manager Bouwinvest outperformed the Investment Property Databank’s (IPD) Netherlands Annual Property Index for the fifth year in a row in 2014 with a total investment return of 5.8% versus the market benchmark’s 5.2% last year.
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Asset Manager News
Bouwinvest’s Dutch Retail Fund Trumps IPD Annual Property Index in 2014
Bouwinvest’s Dutch Retail Fund outpaced the IPD Netherlands Annual Property Index in 2014 with an average total investment return of 2.7%, compared with 2.0% for the benchmark. The Retail Fund also beat IPD’s Dutch market multi-year averages with a total return of 5.3% for three years and 6.3% for five years, versus 2.6% and 4.5% respectively for the index.
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Asset Manager News
Office Fund Rents 3,600 sqm Renovated Office in Emerging Amsterdam Eenhoorn District
Bouwinvest has rented the 3,600 square metres newly renovated Valina office building in the up and coming mixed-use Eenhoorn district in the east of Amsterdam entirely to publishers WPG Uitgevers.
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People News
M&G Real Estate appoints Martin Towns as Head of Capital Solutions
M&G Real Estate has appointed Martin Towns as Head of Capital Solutions, reporting to Tony Brown, global chief investment officer. As Head of Capital Solutions, Martin will identify opportunities for international investors seeking direct real estate exposure to the UK, continental Europe and Asia.
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Asset Manager News
M7 Takes Outright Control of Pan-European Joint Ventures to Transform Platform into a Wholly-Owned Operation
M7 Real Estate, the investment manager specialised in multi-let, light industrial properties, has taken full control of all its asset management joint ventures to transform its pan-European platform into a wholly-owned operation and increase assets under management to over €1.2bn.
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Asset Manager News
M&G Real Estate to fund the London Fruit & Wool Exchange Development
M&G Real Estate has acquired The London Fruit & Wool Exchange building in Spitalfields from Exemplar for circa £55 million. Following the completion of the acquisition, M&G Real Estate and Exemplar will work in partnership to redevelop the site.
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People News
UBS Real Estate verstärkt Portfoliomanagement mit Andreas Langer
Andreas Langer (41) verstärkt seit 15. Januar 2015 das Portfoliomanagement der UBS Real Estate GmbH München. In dieser Funktion betreut er die Logistikfonds ERGO Trust Logistikfonds Nr. 1 sowie UBS (D) German Logistics Property Fund 2.
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People NewsKGAL Group restructures management
The KGAL Group forms a new management line-up. The Group’s internal staff changes will reinforce core business and drive growth further. Since 2013, the KGAL Group has focused on institutional investors. The company acquired more than 1 billion Euros in equity last year.
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Asset Manager News
New Development Managers required for €400 million investments in Dutch Residential and Healthcare projects
Bouwinvest has appointed Henk van Kleij and Martin Otten as development managers within the Acquistion and Development team to work on the €300 million investments in housing assets planned this year for the Dutch Residential Fund.
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Asset Manager News
Institutional Investors Could be Missing Out on Private Rented Sector Opportunities
A new whitepaper by Invesco Real Estate has suggested that UK institutional investors are significantly underinvested in the fastest growing tenure and highest performing real estate asset class in the UK – the Private Rented Sector (PRS).
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White papers
Public real estate debt strategies: Commercial mortgage-backed securities
Commercial Mortgage-Backed Securities (“CMBS”) represents a prominent segment of the U.S. commercial real estate investment landscape, carrying an outstanding balance of over $564 billion. Principal Global Investors Real Estate believes current economic trends, U.S. commercial real estate fundamentals, and factors specific to the CMBS market are conducive to positive long-term CMBS performance.
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Asset Manager News
WELPUT sells One Chapel Place, W1, for £58.5 million
WELPUT, a specialist fund investing in Central London offices, managed by Schroders and advised by Quintain Estates and Development plc, has exchanged unconditional contracts to sell the freehold interest in One Chapel Place, London W1, to a private investor for £58.5 million
