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Deals and Transactions

deals and transactions
man with megaphone

Harworth begins Gateway 36 development

Wed, 01/04/2015 - 17:45

Harworth Estates has begun work on a development of high-quality, flexible industrial units, called R-evolution@Gateway 36, on the site of the former Rockingham mining site, south of Barnsley. »

Madrid

Hispania buys residential complex and office building in Madrid

Tue, 31/03/2015 - 06:00

Hispania Activos Inmobiliarios through its 100% subsidiary company Hispania Real Socimi, has closed two off-market transactions in Madrid for a total amount of 86.15 million euro, fully disbursed with Hispania’s own funds. »

Redevco Karstadt

Redevco acquires Karstadt Sports building from Patron Capital

Mon, 30/03/2015 - 19:30

Redevco Services Deutschland has purchased a retail property let to Karstadt Sports in Braunschweig, Lower Saxony, from pan-European institutional investor Patron Capital.  »

document signing

Lend Lease partners with L&Q to deliver affordable homes at Elephant & Castle

Fri, 27/03/2015 - 09:00

LEND Lease has signed a significant master agreement with UK housing association L&Q for the management of the affordable housing across its Elephant & Castle regeneration project. »

Frankfurt, Germany

blackolive to help with marketing of Frankfurt’s Gateway Gardens

Fri, 27/03/2015 - 06:00

Grundstücksgesellschaft Gateway Gardens has struck a deal with Frankfurt real estate advisor blackolive advisors for the marketing of Gateway Gardens, a new district at Frankfurt Airport City. »

Euros

Orava REIT issues secured notes of EUR20 million

Thu, 26/03/2015 - 14:30

Orava Residential Real Estate Investment Trust (REIT) has issued secured notes of EUR20 million, with a maturity of five years due on 1 April 2020. The notes bear a fixed interest rate of 4.25% per annum.  »

hand shake

Arcadia takes major pre-let at Bracknell

Thu, 26/03/2015 - 06:00

The Bracknell Regeneration Partnership, a 50:50 Joint Venture between Legal & General Capital and Schroder UK Real Estate Fund (“SREF”), has agreed a 20,000 sq ft pre-let to Arcadia at its Northern Retail Quarter development in Bracknell Town Centre. »

document and pen

UK government extends construction and infrastructure pipeline contract with Barbour ABI

Tue, 24/03/2015 - 11:30

Barbour ABI has been granted a contract extension by HM Government to continue to publish the Government Construction and National Infrastructure Pipelines through until August 2016.  »

handshake

Varde and The True Life companies form strategic alliance

Tue, 24/03/2015 - 09:00

The True Life Companies (TTLC) has entered into a strategic alliance with Värde Partners, a USD10 billion alternative investment firm based in Minneapolis, MN.  »

document signing

JBR Capital agrees committed warehouse facility for GBP60 million

Thu, 19/03/2015 - 18:45

JBR Capital, the UK’s only independent finance provider dedicated solely to high end vehicle finance, has agreed a committed warehouse facility with a major international bank for GBP60 million. »

Euros

Stenprop raises EUR35m in private placement to SA institutions

Thu, 19/03/2015 - 16:15

Bermuda-listed property company Stenprop has successfully raised EUR35 million through a substantially oversubscribed private placement to South African institutions. »

Australia flag

GBCA partners with GRESB

Wed, 18/03/2015 - 20:00

The Green Building Council of Australia (GBCA) has formed a new partnership with GRESB, the leading global sustainability benchmark for real estate portfolios, to advance reporting on environmental, social and economic performance in Australia’s real estate sector. »

Euros

CTP and pbb Deutsche Pfandbriefbank sign EUR132m financing transaction

Wed, 11/03/2015 - 09:00

CTP and new financial partner pbb Deutsche Pfandbriefbank have agreed a EUR132 million financing for the premium property, CTPark Bor.  »

man with megaphone

BRE and GRESB Partner to promote sustainability in commercial real estate

Tue, 10/03/2015 - 20:30

BREEAM green building certification scheme operator BRE has partnered with GRESB to promote their shared goals of advancing transparency and sustainability performance in the real estate industry. »

pound notes and coins

Cordea Savills’ UK Income and Growth Fund acquires Maidstone industrial unit

Tue, 10/03/2015 - 19:30

Cordea Savills’ UK Income & Growth Fund has purchased Integra II, Maidstone for GBP5.2 million.  »

document signing

Turner & Townsend signs two global contracts with Shell

Tue, 10/03/2015 - 19:00

Turner & Townsend, a professional services company specialising in programme management, project management, cost management and consulting, has signed two agreements with Shell. »

meeting

BNP Paribas, ING and RBS lead EUR100,000,000 revolving credit facility for Goodman European Logistics Fund

Tue, 10/03/2015 - 17:30

BNP Paribas, ING Bank and Royal Bank of Scotland have acted as Joint Mandated Lead Arrangers for a EUR100m revolving credit facility (the Facility) for Goodman European Logistics Fund (GELF or the Fund) as part of a much broader strategy to increase the Fund size and scope.  »

pound coin

Whitewood REFF to raise up to GBP125m for secure profit-sharing office property market loans

Mon, 09/03/2015 - 18:45

Whitewood REFF is planning an IPO to raise up to GBP125 million to offer secured profit sharing loans on office property markets primarily in the Benelux region. »

Mennica Legacy tower

Construction to begin on Warsaw skyscraper

Mon, 09/03/2015 - 17:00

The construction of one of the largest skyscrapers in Warsaw, Mennica Legacy Tower – a joint investment by Golub GetHouse and Mennica Polska – is to commence soon.  »

man with megaphone

Redevelopment begins on historic Pizitz Building with USD23m in NMTC financing

Fri, 06/03/2015 - 14:30

Pizitz has secured USD23 million in a New Markets Tax Credit (NMTC) allocation from National New Markets Fund, LLC to help finance the mixed-use redevelopment of the historic Pizitz Building in downtown Birmingham, Alabama. »

document and pen

Pradera to remain independent following internal MBO

Fri, 06/03/2015 - 06:00

Retail property fund and asset manager Pradera has agreed a deal that will see it remain an independent investment manager. »

closed sign

ING acts as sole arranger in EUR63m term loan facility in Italy

Tue, 03/03/2015 - 11:30

ING Real Estate Finance has successfully closed and disbursed a secured EUR63 million five-year Term Loan Facility to SMG Real Estate, an Italian limited liability company directly holding the property and fully directly controlled by Santa Margherita Holding LLC, a holding company incorporated in the Qatar Financial Centre.  »

hand shake

BNY Mellon Investment Management and Amherst Holdings launch real estate credit management platform

Fri, 27/02/2015 - 16:00

BNY Mellon Investment Management has partnered with Amherst Holdings to launch Amherst Capital Management (ACaM), a real estate credit investment management platform. »

Spainish flag

CMS advises Allianz Real Estate on financing Marineda shopping centre in Spain

Thu, 26/02/2015 - 16:30

German and French insurance companies from the Allianz Group are providing loans amounting to EUR133.6 million with a term of ten years to finance the Marineda shopping centre in La Coruna, Spain.  »

Canada flag

RioCan REIT launches strategic venture with Hudson's Bay Company

Thu, 26/02/2015 - 14:00

RioCan Real Estate Investment Trust has agreed to form a joint venture with Hudson's Bay Company ("HBC") focused on real estate growth opportunities in Canada.  »

man with megaphone

Landesbank Baden-Württemberg becomes new clearing member of EurexOTC Clear

Thu, 26/02/2015 - 11:30

Landesbank Baden-Württemberg (LBBW) has become a further clearing member of EurexOTC Clear for Interest Rate Swaps.  »

Thumbs up

Primary Health Properties agrees GBP15.8 million of acquisitions

Thu, 26/02/2015 - 10:52

Primary Health Properties (PHP) is to fund the development of and acquire two new modern, purpose built medical centres to be constructed near Cardiff, South Wales and Colwyn Bay, North Wales and to acquire a let standing investment in Wiltshire.   »

house

Pluto Finance provides residential development finance for development in Tufnell Park

Thu, 26/02/2015 - 09:00

Pluto Finance has agreed to lend GBP5.18m to assist with the development of a site in North London. The development will provide 6 much needed family houses and an apartment.  »

document signing

Hispanic and Barceló create resort hotel REIT

Thu, 26/02/2015 - 06:00

Hispania Activos Inmobiliarios has signed an agreement with Grupo Barceló to create the first hotel REIT focused on the holiday resort segment industry in which Spain is one of the leaders worldwide. »

man with megaphone

BMI selects Linedata Front Office platform for Luxembourg based asset management businesses

Wed, 25/02/2015 - 11:30

BIL Manage Invest (BMI) has selected Linedata Front Office Platform to manage the firm’s complete front-to-back asset management workflow across their full suite of investment funds. »

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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