- Asset Manager News
Deka Immobilien acquires office tower in Australia
Deka Immobilien has exchanged contracts to secure the purchase of an office building for around EUR 230 million in Brisbane, the capital of the state of Queensland, in the north-east of Australia. The seller is a joint venture 50% owned by the Lendlease managed Australian Prime Property Fund Commercial. The property will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal.
Asset Manager NewsCORESTATE closes acquisition of STAM Europe: market entry into France
CORESTATE Capital Holding S.A. (CORESTATE), a leading independent real estate investment manager in Europe, closes today the acquisition of STAM Europe, Paris, after the French regulatory authority AMF gave its approval. CORESTATE’s assets under management (AuM) thus grow by c. EUR 2 bn to EUR 28 bn. On closing the transaction, CORESTATE will be expanding its product range, in particular its very successful micro living platform, into France. Simultaneously, the company will offer an enhanced market access to its clients as well as extending its institutional investor base.
- Asset Manager News
DLA Piper Signs New Lease At Texas Tower
Hines and Ivanhoé Cambridge announced today that law firm DLA Piper has signed a more than 14-year lease for over 31,000 square feet at Texas Tower, the 47-story, one-million-square-foot office tower under development in Houston. The law firm will relocate to the building in January 2022 and will occupy the 38th floor.
- Asset Manager News
Hines—In Partnership With USAA Real Estate And Philena Properties—To Build West Edge, A Mixed-Use Project In Los Angeles
Hines, the international real estate firm, along with investor USAA Real Estate and Philena Properties announced construction of West Edge, a transformative, transit-oriented, mixed-use development situated within the creative heart of West Los Angeles. Featuring eight stories of creative office space, 600 luxury rental apartments, a full-service natural grocer, eight restaurants, in addition to cafes, boutique retail, and studio fitness options, West Edge will contribute to the vibrant local community and transform the West LA neighborhood.
- Asset Manager News
Venn Partners announces agreement to enter into partnership with ARA to expand its business in real assets private debt
Venn Partners LLP (“Venn”) is pleased to announce it has entered into partnership with ARA Asset Management Limited (“ARA”) to expand its investment management business in the real assets credit markets in Europe. Subject to regulatory approvals, the transaction is expected to complete in the first quarter of 2020.
- Asset Manager News
CORESTATE expands to Scandinavia: first acquisition of a Serviced Apartment complex in Copenhagen
- Pan-European expansion strategy in attractive micro living markets continues
- Asset Manager News
Deka Immobilien acquires first property for a new open-ended real estate fund in London
Deka Immobilien has acquired the “51 Moorgate” office property in London for around GBP 62 million. The seller was a Skanska Project Development Limited company. The property was revitalised to high quality new construction condition with completion in October 2019. It offers around 4,300 m² of leasable space and is fully let under a long-term lease to Skanska UK plc., a wholly owned subsidiary of the Swedish construction company Skanska AB. It is located near the Bank of England in the London City office submarket and offers excellent access to local public transport. The property has received British BREEAM “Excellent” certification for sustainable construction.
- Asset Manager News
Hines to Develop First Multifamily Project in Oklahoma City
Hines, the international real estate firm, announced it will partner with Humphreys Capital to develop The Residences at Classen Curve in the Nichols Hills submarket of Oklahoma City.
- Asset Manager News
Whole Foods Market To Anchor Retail At The Parks At Walter Reed
Whole Foods Market has signed a 40,000-square-foot lease to anchor the Hartley at the Parks at Walter Reed, a 3.1 million-square-foot master-planned community from Hines, Urban Atlantic, and Triden Development Group. The leading natural and organic grocer is among the latest signature additions to the dynamic transformation of the former Walter Reed medical campus, the largest site under development in Northwest Washington, D.C.
- Asset Manager News
Hines Announces Stabilization Of Phase I Of Boulevard Oaks Business Park And Start Of Second Phase
Hines, the international real estate firm, today announced the completion and stabilization of the 450,000-square-foot first phase of Boulevard Oaks Business Park, and the start of construction on the second phase—which will be comprised of six additional buildings totaling approximately 1.15 million square feet. At buildout, Boulevard Oaks Business Park will consist of 10 Class A industrial buildings totaling approximately 1.6 million square feet of floor area on 120 acres of land.
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