Latest reports – Page 469
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PropertyEU ArchiveBlackRock raises €774m at first close for new European value-add fund
BlackRock has raised €774 mln in initial investor commitments at the first close of its latest European value-add fund and is to embark on a major spending spree as it believes cyclical factors are creating the best real estate buying opportunity since the global financial crisis.
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PropertyEU ArchiveTishman Speyer kicks off major Berlin campus development
A joint venture between Tishman Speyer, RB Real Berlin Group and CESA Group has started construction of the 61,200 m2 mixed-use LXK Campus in Berlin's Friedrichshain-Kreuzberg district.
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PropertyEU ArchiveSilbury grants €77m loan to fund UK retirement scheme
Silbury Finance, an Oaktree Capital Management-backed development lender, has provided a joint venture vehicle established by Audley Group and Senior Living Investment Partners - a partnership between Pension Insurance Corporation and Octopus Real Estate, with a £66.5 mln (€77 mln) loan.
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PropertyEU ArchiveThriving Investments strengthens senior team with capital markets director
Thriving Investments, formerly known as PfP Capital, has announced the appointment of Adam Tutka to the newly created role of director of Capital Markets.
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NewsReal estate fundraising hits wall in 2023, but Preqin predicts recovery in 2024
Largest 10 funds’ closes accounted for 50% of total capital raised in first three quarters of 2023
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NewsMacquarie and Just Group enter £400m ground lease financing with Asda
Notes secured against 55 UK supermarkets used to match UK pension liabilities
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NewsInvesco value-add fund sells German logistics development to Hines
EVAF II makes first German exit after completing Hainichen project in 2022
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NewsHead of APAC real estate to leave BlackRock after 16 years
John Saunders, who oversaw value-add funds in the region, to be succeeded by Hamish MacDonald
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NewsHarrison Street and Artisa Group join forces to buy residential asset in Italy
Acquisition is Harrison Street’s first move into the Italian residential and student accommodation markets
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NewsBNP Paribas launches €700m climate impact infrastructure debt fund
Fund aims to support energy transition projects across continental Europe
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NewsCCCERA invests $245m in opportunistic real estate and value-add infrastructure
Pension fund commits $245m to funds managed by EQT, KSL Capital and Ares
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NewsNextEnergy Capital makes debut purchase for OECD-focused solar strategy
The asset is a 100MW utility-scale solar project located in Highlands County, Florida
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NewsDWS pan-European core fund snaps up residential block in Copenhagen
Apartments purchased for Europe II, an open-ended institutional core real estate fund
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PropertyEU ArchiveCBRE estimates €176b funding gap over next three years; but could be 35% lower by improved market
A total of €640 bn in private real estate debt is estimated to have been originated across Europe between 2019 and 2022 - of this, €176 bn (27.5%) may not be refinanced when the debt matures over the next four years, based on current capital values and borrowing rates, according ...
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PropertyEU ArchiveAres, Middle Eastern partners form €926m Europe private RE debt strategy
Abu Dhabi-based Aldar Properties and Mubadala Investment Company have struck an agreement with US firm, Ares Management, to jointly invest $1 bn (€926 mln) in private real estate credit opportunities in the UK and Europe over the next three to five years.
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PropertyEU ArchiveMacquarie strikes €464m ground rent Asda deal
Macquarie Asset Management has raised £400 mln (€464 mln) in notes to finance the ongoing health care development of asset in the UK for FTSE-listed UK financial specialist, Just Group.
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PropertyEU ArchiveFirst Mipim Challengers cohort announced for Mipim 2024
The first cohort of 16 Mipim Challengers, a new initiative that will invite a group of young built environment professionals to Mipim 2024 to challenge the real estate industry, have been announced.
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PropertyEU ArchiveNathalie Charles back in spotlight with director role at Gecina
French real estate company Gecina has revealed ex BNP Paribas and AXA professional Nathalie Charles is earmarked as a director if that motion is passed at a general meeting in April next year.
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PropertyEU ArchiveCrossbay adds €93m of UK logistics assets
Crossbay, the pan-European last-mile logistics platform started by MARK, has added over 500,000 ft2 to its UK portfolio with the acquisition of four assets for a combined total of over £80 mln (€93.3 mln).
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PropertyEU ArchiveDWS makes Copenhagen resi play
DWS has completed the acquisition of a residential development in Copenhagen from a local Danish development company. The off-market transaction has been completed on behalf of Europe II, the DWS managed open ended institutional core real estate fund.
