Latest reports – Page 793
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PropertyEU ArchiveTristan fund completes 1st Norwegian light industrial deal
Tristan Capital Partners’ Curzon Capital Partners 5 Long-Life Core Plus Fund has acquired its first light industrial/logistics asset in Norway from Bergen Næringsbygg.
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PropertyEU ArchiveBarings targets €1b of assets with European logistics JV
Investment manager Barings has secured the commitment of a further €200 mln for a -European logistics joint venture (PELV) between a US insurance company and a Middle Eastern sovereign wealth fund.
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PropertyEU ArchiveUK office occupancy plummets following WFH guidance
Average office occupancy levels in the UK have fallen to new lows following the reinstatement of work from home (WFH) guidance as part of tighter Covid-19 restrictions to deal with the new Omicron variant.
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PropertyEU ArchiveLondonMetric takes over Savills UK fund in €144m deal
LondonMetric Property has announced the acquisition of Savills IM UK Income and Growth Fund in a corporate transaction valued at £122.2 mln (€144 mln), reflecting a blended yield on cost of 4.3% and an anticipated reversionary yield of 4.9%.
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PropertyEU ArchiveLandsec buys additional 25% stake in Bluewater mall
UK REIT Landsec has completed the acquisition of an additional 25% share in the Bluewater shopping centre from Lendlease Retail Partnership for £172 mln (€203 mln) representing a net initial yield of 8.15% and an equivalent yield of 8.25%.
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PropertyEU ArchiveConsortium picks up Ørsted HQ in Copenhagen in €350m deal
An investor consortium consisting of Danish pension fund PenSam, Korean asset manager AIP Asset Management, and Denmark’s Artha Kapitalforvaltning has agreed to buy the head office of renewable energy company Ørsted from vendor ATP Ejendomme.
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PropertyEU ArchiveGalimmo exits Romania with mall sale to Supernova
Austrian property firm Supernova has emerged as the buyer of a portfolio of six Cora supermarkets and five adjoining shopping centres in Romania from French retail property specialist Galimmo and retail operator Louis Delhaize for an undisclosed amount.
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PropertyEU ArchiveDeA Capital, BGO secure €358m green loan to build up logistics portfolio
Italian asset manager Dea Capital Real Estate has secured a green loan of €358 mln from lender Unicredit to finance the acquisition and development of a portfolio of 20 logistics assets in Italy.
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PropertyEU ArchiveCatella funds invest €120m in Austrian resi assets
Berlin-based Catella Residential Investment Management (CRIM) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have acquired three residential assets in the Austrian cities of Vienna and Linz for a total value of €120 mln on behalf of two of their funds.
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NewsUK utility Anglian Water gets £120m Macquarie debt financing
New financing will contribute to investment in infrastructure to safeguard and enhance environment
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ASB core US fund adds apartment, logistics asset to portfolio [corrected]
Manager’s $7.9bn Allegiance Real Estate Fund invests $245m to buy assets in separate deals
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Partners Group to buy largest data centre operator in Iceland
Global private markets firm to buy atNorth for an undisclosed sum
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ESR Kendall Square REIT raises $400m in follow-on offering
Korea Stock Exchange-listed REIT has a portfolio of 18 logistics assets valued at $2.2bn
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Schroders to buy renewables manager Greencoat for up to £478m
Deal aligns with Schroders’ strategy to build private assets platform, enhance position in sustainability
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Henderson Park launches hotel, asset management platform
Henderson Park buys business and hotel management platform of Amaris Hospitality
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Palisade, First Sentier take stake in Macarthur Wind Farm
Commonwealth Superannuation Corporation sells its 50% stake for around A$1bn
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NewsSWIB lowers real estate target allocation by 1%
The $147.3bn pension fund has also increased its private equity/debt from 11% to 12%
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Blackstone to buy Bluerock Residential REIT in $3.6bn deal
Blackstone to buy 30 US multifamily properties as well as a loan book secured by 24 multifamily assets
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Hines, New York Life sell Phoenix office to Macquarie for $102m
Six-storey 250,000sqft Offices at Chandler Viridian building is currently 92% leased
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PropertyEU ArchiveICG expands into Finland with life sciences deal
Specialist asset manager Intermediate Capital Group (ICG) has made its Finnish debut with the acquisition of a life sciences facility in Vantaa.
