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Union Investment has acquired the Granite Park VII office property in Dallas. Completed in 2017, the building offers 30,000 sq meters of prime office space and is fully let on a long-term lease to US government sponsored entity, Fannie Mae. The vendor is Granite Properties, the developer of the Granite Park campus, which curr...
The management of Gramercy Europe Limited has independently completed the acquisition of the business from The Blackstone Group, following the latter’s acquisition of Gramercy’s US parent company, Gramercy Property Trust, which completed last week.
Allianz has expanded its allocation to the US real estate sector with the acquisition of a leasehold interest in the historic Ferry Building in San Francisco through a joint venture with Hudson Pacific Properties for USD291 million (€249 million). The building is being acquired from Equity Office, an affiliate of The Blacksto...
KKR and IGIS Asset Management have made an joint investment along with the National Pension Service of Korea (NPS) to acquire a mixed-use real estate project under development in the Gangnam Business District (GBD) in Seoul. The project, to be purchased from a consortium led by local engineering firm Daor E&C, is expected to ...
Barings Real Estate has expanded its team in Europe with the appointment of Sam Mellor, Head of Europe Originations - Structured Real Estate Investments. Leveraging Mellor’s experience in origination, structuring, portfolio management, and capital raising this appointment will support the firm’s geographical expansion into Co...
AXA Investment Managers - Real Assets (AXA IM - Real Assets) has completed, on behalf of one of its clients, the purchase of 21 Harcourt Parade, a parcel of land with full development approval in the Cremorne precinct of Melbourne. Acquired from Caydon Property Group for AUD$32.5 million (c. €20 million), the property will be...
M&G Real Estate has released its latest European Outlook report, providing a comprehensive, cross-sector review of prospects and performance across the continent. Among the key takeaways, the report states that rental growth in the retail sector accelerated in Q2 2018, led by Paris (6.8%), Prague (5%) and Madrid (3.7%). With ...
Despite geopolitical uncertainty and a slowing in the economic cycle, investment in the global property market has seen a significant rise of 18% year-on-year to a new record high of $1.8tn (2017: $1.5tn), according to research out today from Cushman & Wakefield. „Winning in Growth Cities“ is an annual report which examines g...
Patrizia Immobilien AG has launched its tenth Insight study on the European Residential Markets. The findings show that every fifth Euro of European real estate investment is invested in the wider residential universe, an increase of more than 50% during the last 10 years.
Real I.S. AG has acquired an office property in the government district of Canberra, Australia’s capital city, for a public fund. The Maddocks House property at 40 Macquarie Street has a total rental area of around 5,500 square meters. The purchase price of c. €17.8 million (AUD 29 million) corresponds to an initial net yield...
AXA Investment Managers - Real Assets (AXA IM - Real Assets) and Bixby Land Company have acquired two Class-A industrial warehouses in Phoenix, Arizona and West Sacramento, California for a total consideration of USD60.5 million (c. €52 million). AXA IM - Real Assets made the acquisitions on behalf of clients.
Norges Bank Real Estate Management has acquired a 49.9 percent interest in a mixed-use office and retail property located at 501 Boylston Street in Boston from TH Real Estate. The agreement was signed and completed on 21 August 2018. Norges Bank Real Estate Management paid $290.9 million for its 49.9 percent ownership interes...
BMO Real Estate Partners announces the promotion of Kamila Bouyahiaoui to the position of European Transactions Associate. Bouyahiaoui, who joined BMO REP in January 2017 as Senior Analyst, following roles at Hines and Grosvenor, reports to Adrien Brion, European Portfolio Manager and Associate Director of the Paris office, w...
The partnership between Norges Bank Real Estate Management and Prologis has sold 37 logistics properties located in Seattle, Chicago, Dallas, New Jersey, South Florida, France, Poland, Hungary and the Netherlands to Singapore-based Mapletree. The agreements were signed on 16 May 2018, and the transaction was completed on 1 Oc...
Cromwell Property Group has promoted Gwendal Kalkofen to the role of Head of Real Estate Finance, Europe. In this role, he will be responsible for managing the group’s lending relationships in Europe.
The logistics real estate market is booming, having followed a dynamic growth trajectory throughout Europe in recent years and experiencing a sustained upturn. Cushman & Wakefield Research & Insight forecasts average annual growth of 1.6% in prime rents in the European markets. Around 25% of total logistics sector turnover in...
Less than a year after the takeover of Triuva and Rockspring was announced, the integration and construction of the new Patrizia is now nearing completion. As of today, all of the group's units will operate under the shared brand, Patrizia. The names of all subsidiaries have been changed accordingly, while all offices and the...
The 2018 INREV Management Fees & Terms Study highlights the non-listed real estate industry’s dramatic leap in transparency, achieving a record response rate from INREV members. A total of 418 vehicles provided data to the study – marking a ten-year high. Of this number, 155 funds delivered data on their total expense ratio (...
