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» Chronological View: " Global News " «

Union Investment acquires office property in Granite Park campus in Dallas

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...
Wednesday, 17. October 2018

Alistair Calvert leads management buyout of Gramercy Europe

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.
Monday, 15. October 2018

Allianz and Hudson Pacific Properties form joint venture to acquire Ferry Building

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...
Monday, 15. October 2018

KKR, IGIS and NPS to acquire prime real astate asset in Seoul

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 ...
Wednesday, 10. October 2018

Barings appoints Sam Mellor as Head of Origination for Structured Real Estate Investments

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...
Tuesday, 9. October 2018

AXA IM - Real Assets completes acquisition of Melbourne office building development

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...
Tuesday, 9. October 2018

Chinese tourism driving dominant high street retail in Milan, Rome and Paris

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 ...
Monday, 8. October 2018

Global investment in real estate hits record $1.8tn

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...
Monday, 8. October 2018

European residential investment doubles in the last ten years

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.
Monday, 8. October 2018

Real I.S. acquires office property in Australia for mutual fund

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...
Friday, 5. October 2018

AXA IM - Real Assets completes acquisition of two US logistics properties

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.
Thursday, 4. October 2018

TH Real Estate sells $291m stake in Boston office to Norges

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...
Wednesday, 3. October 2018

BMO RE promotes Kamila Bouyahiaoui to European Transactions Associate

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...
Wednesday, 3. October 2018

Norges and Prologis sells 37 logistics assets to Mapletree

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...
Wednesday, 3. October 2018

Germany is Europe's most important logistics real estate market

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...
Monday, 24. September 2018

Patrizia Group now operates under common brand

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...
Friday, 21. September 2018

Non-listed funds expense ratios highlight industry transparency

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 (...
Thursday, 20. September 2018