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Lettings & Sales

fire

Fitzrovia’s Old Fire Station sells for GBP21.6m

Fri, 15/05/2015 - 13:00

The National Farmers Union Mutual Insurance Society Ltd (NFU Mutual) has purchased the Old Fire Station in Fitzrovia for GBP21.6million, represented by Springer Nicolas & DTZ. The vendor was Aberdeen Asset Management, represented by Colliers International. »

NYC

HIG Realty Partners sells NYC apartment portfolio

Thu, 07/05/2015 - 10:00

HIG Realty Partners as sold an eleven building, 296 unit rental apartment portfolio in New York City for USD131.5 million.  »

London

Aviva Investors purchases BBC Worldwide headquarters

Thu, 30/04/2015 - 11:00

Aviva Investors has purchased the first refurbished part of the Television Centre development in White City, London – now the new BBC Worldwide HQ.  »

NYC

NYRT completes leasing of 104,000 sq ft at Worldwide Plaza

Mon, 27/04/2015 - 17:30

New York REIT has completed two new, long-term leases totalling approximately 104,000 square feet at Worldwide Plaza (of which NYRT's pro rata share is approximately 51,000 square feet).   »

pounds

Nido London completes sale of 2,375 bed London student accommodation portfolio for GBP600m

Thu, 23/04/2015 - 09:00

Nido London has completed the sale to Greystar Real Estate Partners of its high-end student accommodation portfolio, for a total purchase price of GBP600 million. »

pound sign

DTZ Investors sell prime Oxford St block to Thor Equities for GBP42.5m

Fri, 17/04/2015 - 09:00

DTZ Investors, on behalf of Strathclyde Pension Fund, has sold the freehold interest in 105-109 Oxford Street to Thor Equities for GBP42.5 million, reflecting 2.50% NIY. »

London offices

Doughty Hanson, Invesco Real Estate and Urban & Civic sell Howick Place development in London

Fri, 17/04/2015 - 06:00

Doughty Hanson & Co (DH), Invesco Real Estate (IRE) and Urban & Civic (U&C) have sold 1-5 Howick Place in London SW1, a 173,000 sq ft mixed-use development in Victoria providing high quality office and residential space.   »

sell button

Land and New Homes proposition to provide new UK property boost

Wed, 01/04/2015 - 15:30

The Nottingham Building Society (The Nottingham) has announced a plan to help UK property developers fund and sell housing developments. »

sell button

Rubenstein Partners closes sale of Princeton South Corporate Center

Tue, 31/03/2015 - 16:45

Affiliates of Rubenstein Partners has sold Princeton South Corporate Center, a 268,000 square-foot, two-building Class "A" office park in located in Ewing Township, NJ.  »

sell button

Investors Real Estate Trust Announces sells several office showroom properties

Mon, 30/03/2015 - 10:00

Investors Real Estate Trust has closed on the sale of four office showroom properties in the Twin Cities for USD26,600,000. They are Plymouth Tech I-V in Plymouth, 205,494 sf; Whitewater Plaza in Minnetonka, 61,138 sf; Southeast Tech Center in Eagan, 58,300 sf and Burnsville Bluffs II in Burnsville, 45,019 sf.  CBRE transacted the sale on behalf of IRET.  »

Arizona

Excel Trust sells Promenade Corporate Center for USD65m

Tue, 17/03/2015 - 17:30

Excel Trust has sold Promenade Corporate Center in Scottsdale, Arizona for USD65.0 million.  »

inflation

Dividend Capital Diversified Property Fund sells USD399m office/industrial portfolio

Fri, 13/03/2015 - 09:00

Dividend Capital Diversified Property Fund has completed the sale of an office and industrial portfolio to Gramercy Property Trust for a gross sales price of approximately USD398.6 million.  »

british pounds

Praxis sells Iceni Centre in Warwick in GBP16m deal

Fri, 13/03/2015 - 06:00

Praxis Holdings has sold the Iceni Centre office complex at the Warwick Technology Park to the Local Authorities Mutual Investment Trust (LAMIT) for GBP16.1 million. »

student accomodation

Nido London sells London student accommodation portfolio to Greystar for GBP600m

Thu, 12/03/2015 - 06:00

Nido London has exchanged contracts to sell its high-end student accommodation portfolio, to Greystar Real Estate Partners for GBP600 million. »

money bag

Morgan Stanley Infrastructure sells Montreal Gateway Terminals

Mon, 09/03/2015 - 09:00

A subsidiary of USD54 billion global infrastructure fund Morgan Stanley Infrastructure Partners (MSIP) is to sell Montreal Gateway Terminals to a consortium led by Fiera Axium Infrastructure.  »

Carter Validus Heartland

Medistar Corporation sells Heartland Rehabilitation Property to Carter Validus Mission Critical REIT II

Fri, 06/03/2015 - 09:00

Medistar Corporation announced that it has sold the Heartland Rehabilitation Hospital property to Carter Validus Mission Critical REIT II. The rehabilitation hospital is located in Overland Park, Kansas. »

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.  »

sold sign

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.    »

sold sign

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. »

features
Article
Locked door

Cybersecurity issues have existed as long as the internet. What seems to have changed in the last 18 months is not only that the nature of the breaches has become more sophisticated, but also the fact that hedge funds have become a much bigger target.  ... »

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up arrow

Private equity fundraising through the first quarter is examined in this extract from the Preqin Quarterly Update: Private Equity, Q1 2015. ... »

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... »

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