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Lettings & Sales

Spainish flag

Meliá Hotels International sells seven resort hotels in Spain to Starwood Capital Group for EUR176m

Mon, 02/03/2015 - 19:00

Meliá Hotels International has agreed to sell a majority stake in seven of its largest resort hotels in Spain to an affiliate of Starwood Capital Group in a EUR176 million transaction.  »

closed sign

Morgan Stanley AIP raises over USD500m for Phoenix Global Real Estate Secondaries Fund II

Wed, 25/02/2015 - 17:30

Morgan Stanley Alternative Investment Partners (AIP) has closed on over USD500 million in commitments from global pension funds, sovereign wealth funds, insurance companies, and high net worth individuals for AIP Phoenix Global Real Estate Secondaries Fund II (Phoenix II) and other real estate fund of funds separate accounts.  »

man with megaphone

Griffin Capital Essential Asset REIT completes sale of Indianapolis office building

Tue, 24/02/2015 - 09:00

Griffin Capital Essential Asset REIT has sold College Park Plaza in Indianapolis, Indiana, to CRE College Park LLC, a value add multi-tenant office buyer, for USD14.3 million. »

Munich

SLI acquires OBI home improvement store from SEB Asset Management

Wed, 18/02/2015 - 20:30

The Standard Life Investments Heritage with Profits Fund has purchased the OBI home improvement store located in the “Am Gleisdreieck” street in Munich from SEB Asset Management for EUR19.8 million.  »

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FelCor sells two non-strategic hotels

Wed, 18/02/2015 - 09:00

FelCor Lodging Trust Incorporated has sold its 225-room Embassy Suites Hotel – Raleigh and 536-room Westin – Dallas Park Central for aggregate gross proceeds of USD63.6 million in separate transactions.  »

man with megaphone

OTO Development sells 19 hotels to Blackstone Group

Tue, 17/02/2015 - 17:30

OTO Development a developer, owner and operator of hotels, has sold 19 upscale select service hotels to the alternative asset manager Blackstone Group.  »

Sold sign

PREI and SJP Properties sell minority interest in New York City’s Eleven Times Square

Fri, 13/02/2015 - 06:00

Prudential Real Estate Investors (PREI) and SJP Properties have sold a 45 per cent interest in Eleven Times Square, the partnership’s state-of-the-art, 1.1 million-square-foot office and retail tower in Midtown Manhattan, to Norges Bank Investment Management based on a gross value of USD1.4 billion.  »

complete stamp

Moorfield completes circa GBP1bn investment portfolio sale to Lone Star

Thu, 12/02/2015 - 09:00

Moorfield Real Estate Fund (MREF) and Moorfield Real Estate Fund II (MREFII) have completed the sale of a diversified real estate investment portfolio to Lone Star Real Estate Fund III (LSREFIII) for circa GBP1 billion.  »

sell button

HC-One acquires Meridian Healthcare 30-home portfolio

Tue, 10/02/2015 - 09:00

The owners of Meridian Healthcare Group have chosen HC-One for the sale of its 30 homes company, in a deal which will ensure the continued provision of the very best care in Greater Manchester, Merseyside, West Yorkshire, North Lincolnshire, Cheshire and Derbyshire. »

document signing

Sovereign Land secures flurry of lettings at St Enoch Centre in Glasgow

Mon, 09/02/2015 - 17:45

Sovereign Land has signed leasing agreements with seven new retail and food and beverage operators at the St Enoch Centre, Glasgow’s largest shopping centre.   »

Singapore

Aberdeen Property Trust sells City office building

Mon, 09/02/2015 - 15:30

The Aberdeen Property Trust has agreed to sell 75 King William Street, London, EC4 to Singaporean investor Keppel Land for GBP91 million.    »

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CenterSquare Investment Management Fund exits Houston market

Mon, 09/02/2015 - 14:00

CenterSquare Investment Management has sold 1301 Fannin Street and the Villas at Hermann Park, in Houston, marking the successful execution of its business plans on two of the largest investments in its Urdang Value-Added Fund II, a $463 million value-added closed-end fund. »

California

Prologis sells 56 Acres in Silicon Valley

Mon, 09/02/2015 - 10:00

Prologis has sold a 21-building, 56-acre industrial park – Menlo Science & Technology Park in California to Facebook. Prologis has owned and managed the property since 1998. »

Houston Texas

Resource Real Estate Opportunity REIT earns USD2.7m profit on property sale

Thu, 05/02/2015 - 14:00

Resource Real Estate Opportunity REIT, a non-traded real estate investment trust sponsored by Resource Real Estate, has sold The Alcove, a 292-unit multifamily community located in Houston, Texas. »

four fingers

Hermes secures further letting at Loddon Centre in Basingstoke

Tue, 03/02/2015 - 16:45

Hermes Real Estate is now reporting a fourth letting at The Loddon Centre in Basingstoke following its remarketing as “TLC” a year ago. »

North Carolina

Chambers Street Properties sells North Carolina office property

Tue, 03/02/2015 - 15:45

Chambers Street Properties has completed the sale of Regency Creek I, a 122,087 square foot office building located in Cary, North Carolina for USD16.4 million.  »

man with megaphone

M&G Real Estate secures series of new lettings

Tue, 03/02/2015 - 12:15

M&G Real Estate has confirmed a series of new lettings at Griffin Industrial Park, Totton, Southampton. »

London

Cordea Savills sells City of London office building for GBP47.97 million

Mon, 02/02/2015 - 11:00

Cordea Savills, on behalf of its European Commercial Fund, has sold Camomile Court in London for GBP47.97 million to a French pension fund, which has entrusted a real estate mandate to AXA Real Estate. »

sell button

Kennedy Wilson represents US Bank in sale of Figueroa Courtyard

Thu, 29/01/2015 - 11:45

Real estate investment and services firm Kennedy Wilson has represented US Bank National Association in the sale of Figueroa Courtyard to Rising Realty Partners. »

Brussels

Redevco buys high street property in Belgium

Mon, 26/01/2015 - 21:30

Redevco has made a second purchase under a new long-term investment programme by acquiring a building on the principal shopping street of Hasselt, Belgium, for almost EUR15 million with a yield just under 5%. »

Sydney

Blackstone sells Gold Fields House in Sydney to Dalian Wanda Group

Mon, 26/01/2015 - 18:30

Blackstone Real Estate Partners VI, through its portfolio company, Valad, has sold Gold Fields House, located at Circular Quay in Sydney’s central business district, to Dalian Wanda Group for approximately AUSD415 million. »

Germany flag

INTERNOS sells remaining assets in GRP

Fri, 23/01/2015 - 06:00

INTERNOS Global Investors Limited has sold the remaining assets in the German Retail Partnership (GRP), a 55 asset German retail portfolio, to a Fund advised by MAM Advisory.  »

closed sign

Landmark Partners closes Landmark Equity Partners XV at USD3.25bn

Thu, 22/01/2015 - 18:00

Landmark Partners has held the final close os Landmark Equity Partners XV (LEP XV) with commitments of USD3.25 billion.  »

four fingers

SC Capital Partners closes Real Estate Capital Asia Partners IV at USD850m

Wed, 21/01/2015 - 19:30

SC Capital Partners has held the final closing of its fourth real estate private equity fund, Real Estate Capital Asia Partners IV, with USD850 million of total equity commitments. »

Euros

CORESTATE Capital sells German residential portfolio for EUR83m

Wed, 21/01/2015 - 06:00

CORESTATE Capital has sold a German residential property portfolio of 2,260 housing units to a listed international institutional investor for EUR83m.  »

three fingers

INTERNOS completes final disposals from the BIP Portfolio

Tue, 20/01/2015 - 16:45

INTERNOS, the EUR3.9 billion owner-managed real estate fund management firm, has sold three light industrial assets in the Netherlands for a total consideration of EUR22.7 million.  »

Las Vegas

BH Properties acquires 55,000 sq ft industrial complex in Las Vegas for USD2.8m

Tue, 20/01/2015 - 12:00

BH Properties has purchased the 55,000-square-foot Addison Complex industrial facility for USD2.8 million. The asset comprises 5265-5685 Cameron St. and 4080 W Russell Road in Las Vegas. »

thumbs up

Related announces record sale of high-profile One Eleven apartment tower

Mon, 19/01/2015 - 14:30

Related has sold OneEleven, a 504-unit ultra-luxury apartment tower located at 111 W Wacker Drive, for over USD328 million.  »

sell button

Genesta sells Gustavsbergs Centrum to Nordika

Thu, 15/01/2015 - 18:00

Genesta’s fund, GNBRE (Genesta Nordic Baltic Real Estate), has executed its second divestment by selling Gustavsbergs Centrum to Nordika Fastigheter.  »

sold sign

La Française REM purchases Panorama Seine and Dockside buildings in Issy-les-Moulineaux

Thu, 15/01/2015 - 16:45

La Française REM has purchased the Panorama Seine and Dockside buildings at 255 and 224 quai de la Bataille de Stalingrad respectively in Issy-les-Moulineaux (92130), ZAC des Chartreux. »

features
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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: ... »

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Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

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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