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Acquisitions

three fingers

The Thackeray Estate acquires GBP2.4m London property portfolio

Wed, 25/03/2015 - 19:00

Property investment and development company, The Thackeray Estate, has acquired three significant sites in Battersea, Wandsworth and Southwark, with a total Gross Development Value (GDV) of GBP24.5 million. »

British Columbia map

Strategic Group acquires Duncan BC shopping centre

Tue, 24/03/2015 - 15:45

Strategic Group has acquired Duncan Centre, including Duncan Plaza, Duncan Village and Duncan Mal, in British Columbia (BC).  »

California

Carey Watermark Investors acquires Westin Pasadena for USD142.5m

Tue, 24/03/2015 - 06:00

Carey Watermark Investors Incorporated (CWI) has acquired the landmark Westin Pasadena hotel, a full-service 350 guestroom property in downtown Pasadena, California. The acquisition price was USD142.5 million.     »

big Dollar sign

COPT acquires 368,200 sq ft Baltimore building

Mon, 23/03/2015 - 18:30

Corporate Office Properties Trust (COPT) has acquired a 368,200 square foot building for USD63.5 million.  »

Arizona

Resource Real Estate Opportunity REIT acquires Springs at Gilbert Meadows Apartments in Arizona

Mon, 23/03/2015 - 06:00

Resource Real Estate Opportunity REIT, a non-traded real estate investment trust sponsored by Resource Real Estate, has acquired the Springs at Gilbert Meadows Apartments in Gilbert, Arizona. »

man with megaphone

Ares Management acquires second German residential property portfolio in a year

Fri, 20/03/2015 - 17:30

Ares Management has added to its existing residential portfolio in Germany through the acquisition by funds it manages of an additional 303 residential and 28 commercial units, totalling 22,000 square meters of lettable space.  »

number 6

GTJ REIT acquires portfolio of buildings leased and occupied by Nomura Securities and Verizon

Fri, 20/03/2015 - 09:00

GTJ REIT (GTJ), a public non-traded real estate investment trust based in West Hempstead, NY, has acquired six industrial buildings in Piscataway, NJ.  »

Euros

Cordea Savills to acquire SEB Asset Management AG

Fri, 20/03/2015 - 06:00

Cordea Savills, the international real estate investment manager, is to acquire SEB Asset Management AG  (SEBAM) for up to EUR21.5 million (GBP15.6 million) in cash. »

pound signs

Freeths secures Bridges GBP84m property acquisition

Thu, 19/03/2015 - 20:30

National law firm Freeths’ specialist property and commercial teams have secured another large property deal worth GBP84m with the acquisition of more than 50 business centre properties across the UK.   »

grocery bag

Dividend Capital Diversified Property Fund acquires South Cape Village

Thu, 19/03/2015 - 17:45

Dividend Capital Diversified Property Fund (DPF), a public reporting, daily NAV REIT, has acquired South Cape Village, a grocery-anchored shopping centre in Mashpee, MA for USD35.5 million.  »

Valad Festival Leisure Park

Valad boosts UK portfolio with GBP24 million of acquisitions for European Diversified Fund

Thu, 19/03/2015 - 16:30

Valad Europe has acquired three UK properties for a total of GBP23.7 million on behalf of the Valad European Diversified Fund (VEDF). »

Toronto

Allied Properties Real Estate Investment Trust acquires redevelopment property in Toronto

Wed, 18/03/2015 - 06:00

Allied Properties REIT is to acquire 180 John Street in Toronto for CAD8.25 million. The purchase is expected to close on 15 April, 2015, subject to customary conditions. »

Atlanta

Milestone Apartments REIT makes USD24m property acquisition in Atlanta

Tue, 17/03/2015 - 20:00

Milestone Apartments Real Estate Investment Trust is to acquire the Village at Almand Creek, a 236-unit, Class A multifamily apartment community located in the Conyers submarket of East Atlanta, Georgia. »

Italy flag

M&G Real Estate invests in prime Italian high street retail

Tue, 17/03/2015 - 19:00

M&G Real Estate, the real estate fund management arm of M&G Investments, has acquired the corporate entity holding a prime high street retail asset in central Milan from Italian developers, PRIA SpA.  »

one finger

LFF Real Estate Partners acquires first German asset for La Française SCPI

Tue, 17/03/2015 - 06:00

LFF Real Estate Partners the first German asset, a EUR20 million transaction, for an SCPI managed by La Française. The newly completed office building was purchased from Groß & Partner Grundstücksentwicklungsgesellschaft.  »

Griffin Capitals Owen corning

Griffin Capital Essential Asset REIT II acquires light industrial property in Concord NC

Mon, 16/03/2015 - 06:00

Griffin Capital Corporation, on behalf of Griffin Capital Essential Asset REIT II, has acquired a 61,200 sq ft, Class A, single-storey, light manufacturing building in Concord, North Carolina.  »

texas

Bluerock Residential Growth REIT to acquire 288 Class A apartments in Austin, Texas

Fri, 13/03/2015 - 12:00

Bluerock Residential Growth REIT is to acquire the Fox Hill Apartments, a 288-unit Class A apartment community in Austin, Texas.  »

man with megaphone

True North Commercial Real Estate Investment Trust acquires 845 Prospect Street in CAD5.9m deal

Thu, 12/03/2015 - 21:00

True North Commercial Real Estate Investment Trust is to acquire 845 Prospect Street located in Fredericton, New Brunswick for approximately CAD5.9 million.  »

UK flag

Aviva Investors Property Trust acquires Skyline 120 industrial estate

Thu, 12/03/2015 - 20:30

Aviva Investors has acquired Skyline 120 industrial estate in Braintree, on behalf of its flagship UK authorised fund, the Aviva Investors Property Trust from Standard Life Investments for GBP17.9m, representing a net initial yield of just over 6.25%. »

one finger

GBP60m Aberdeen purchase heralds start of GBP500m private rental plan

Thu, 12/03/2015 - 18:00

Aberdeen Asset Management has completed one of the largest ever single purchases of existing stock in the UK private rental sector with the acquisition of 180 Stratford High Street for around GBP60 million. »

Brussels

Schroders completes significant acquisition in Brussels

Wed, 11/03/2015 - 12:30

Schroder Real Estate has acquired the entire share capital in Bastion Tower I and Bastion Tower II and with the real estate rights to the Bastion Tower in central Brussels on behalf of clients. »

Carter Validus

Carter Validus acquires USD24.5m medical facility property

Tue, 10/03/2015 - 18:30

Carter Validus Mission Critical REIT II has acquired the Heartland Rehabilitation Hospital property for USD24,579,302. The rehabilitation hospital is located in Overland Park, Kansas. »

pound signs

L&G takes 50% stake in Peel Group’s MediaCityUK

Tue, 10/03/2015 - 18:00

Legal & General Capital (LGC) has acquired a 50 per cent stake in the Peel Group’s MediaCityUK scheme at Salford Quays in Manchester, which is currently valued at GBP503 million. »

London

L&G invests in Barking Rail Freight Terminal

Tue, 10/03/2015 - 17:00

Legal & General Property (LGP), on behalf of its annuity fund, has acquired Barking Rail Freight Terminal in London from AXA Real Estate, on behalf of clients, and its JV partner dmi Properties in a GBP53.7 million deal. »

Palladium

Union Investment acquires majority stake in Palladium

Mon, 09/03/2015 - 21:30

CBRE has advised Union Investment Real Estate on the acquisition of a majority shareholding stake in Czech property, Palladium, from a company managed by the German investment manager Hannover Leasing, Pullach.  »

closed sign

Douglas Emmett acquires multi-tenant office property

Mon, 09/03/2015 - 11:00

Douglas Emmett, a real estate investment trust (REIT), has closed on its previously reported acquisition of First Financial Plaza, a 227,000 square foot Class "A" multi-tenant office property located at 16830 Ventura Boulevard in Encino. »

man with megaphone

Wells Fargo finances Brookfield’s acquisition of Moor Place

Mon, 09/03/2015 - 06:00

Wells Fargo & Company has provide a GBP138 million (USD216 million USD) acquisition loan for Brookfield Property Partners to support the purchase of Moor Place, a 226,000 sq ft office building in the City of London. »

pounds

Picton acquires long-let retail park in Gloucester

Fri, 06/03/2015 - 18:00

Property investment company Picton has acquired Gloucester Retail Park for GBP14.65 million, reflecting a net initial yield of 6.9%. »

fruit

M&G Real Estate to fund London Fruit & Wool Exchange development

Thu, 05/03/2015 - 15:00

M&G Real Estate has acquired The London Fruit & Wool Exchange building in Spitalfields from Exemplar for circa GBP55 million. »

Manchester

DeAWM acquires Norfolk House in central Manchester on behalf of new European fund

Thu, 05/03/2015 - 09:00

Deutsche Asset & Wealth Management (DeAWM) thas acquired Norfolk House, Norfolk Street in Manchester on behalf of its European Property Fund (EPF). »

features
Article

Fund managers and investors are in a tug-of-war over the issue of transparency. Once content with a performance update, basic valuation and general market commentary, Limited Partners (LPs) are now digging deeper, asking more questions and requiring more information from General Partners (GPs) than ever before. ... »

Special report
How to Access Europe using third party AIFMs

Read how managers seeking to distribute in Europe can appoint a third party AIFM (or ManCo), and the fund distribution benefits this can bring, both for new fund launches and redomiciled funds... »

Comment
Richard Hoey, BNY Mellon

Global gross domestic product (GDP) growth should accelerate somewhat in 2015 and 2016 from the pace of the last three years because of much lower oil prices, the avoidance of special drags on the world economy, and continuing easy monetary policies from global central banks, according to  BNY Mellon Chief Economist Richard Hoey. Hoey (pictured) made the comments in his February outlook.  ... »

Article
Christiopher Elvin, Preqin

55% of private equity firms surveyed by Preqin at the end of 2014 stated they would deploy greater levels of capital in 2015, although 39% suggested it is more difficult to find attractive investments. Preqin’s Christopher Elvin comments: ... »

Article
Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

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