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Exits

Singapore

Blackstone sells IndCor Properties to GIC

Wed, 03/12/2014 - 06:00

Funds affiliated with Blackstone Real Estate Partners VI & VII have agreed to sell their wholly-owned US industrial platform, IndCor Properties, to affiliates of GIC, Singapore’s sovereign wealth fund, for USD8.1 billion.  »

Sold sign

SEGRO sells GBP153 million portfolio of UK logistics assets

Thu, 13/11/2014 - 12:01

SEGRO has sold a UK portfolio of six logistics properties and a smaller regional warehouse to Logicor, Blackstone’s European logistics platform, for GBP153.3 million. »

Germany flag

Hansteen completes EUR18.9 million of disposals in Germany

Thu, 13/11/2014 - 11:23

Hansteen Holdings has completed four sales – one multi-let industrial estate and three development sites in Germany – for a total of EUR18.9 million, reflecting a gross initial yield of 7.3 per cent.  »

Sold sign

Hansteen sells HPUT for GBP146.1 million

Mon, 03/11/2014 - 11:44

Hansteen Holdings has sold the Hansteen UK Industrial Property Unit Trust (HPUT), a UK multi-let industrial property portfolio, in two transactions for a total of GBP146.1 million (after the deduction of rental top-ups). »

Sold sign

Boston Properties sells 45 per cent interest in three Boston office properties

Fri, 31/10/2014 - 14:00

Real estate investment trust Boston Properties has sold a 45 per cent interest in 601 Lexington Avenue in New York City and Atlantic Wharf Office Building and 100 Federal Street in Boston. »

Sell

Corestate sells German real estate portfolio to GAGFAH Group

Tue, 28/10/2014 - 09:27

Corestate Capital, a specialised real estate investor based in Zug/Switzerland, has sold a German residential property portfolio to GAGFAH Group. »

Sold sign

Rockwood Capital and Jamestown-led partnership closes on sale of 530 Fifth Avenue for USD595m

Fri, 24/10/2014 - 13:00

A partnership among Rockwood Capital, Jamestown, Crown Acquisitions and Murray Hill Properties has closed on the sale of 530 Fifth Avenue in New York to a partnership led by Thor Equities. »

Germany flag

Round Hill completes sale of German residential portfolio to Akelius

Mon, 13/10/2014 - 10:59

Round Hill Capital has completed the sale of 798 German residential units in Berlin to German property investment Akelius for approximately EUR86 million. »

Sell

Noerr advises Deutsche Annington on the sale of 9,600 residential units to LEG Immobilien AG

Mon, 13/10/2014 - 06:03

Law firm Noerr has advised Deutsche Annington Immobilien SE on its agreement to sell a part of the former Vitus portfolio to a subsidiary of LEG Immobilien AG. »

Sold sign

Rockspring separate account client sells Newplan House in Epsom for GBP6.9m

Thu, 09/10/2014 - 14:04

Rockspring Property Investment Managers, on behalf of a separate account client, has sold the freehold interest in Newplan House, Epsom to clients of Cornerstone Real Estate Advisers for GBP6.9 million. »

Completed stamp

Redefine completes partial disposal of office portfolio

Tue, 07/10/2014 - 15:22

Redefine International has completed the disposal of 10 regional office assets for an aggregate consideration of GBP35.06 million representing a 12.4 per cent premium to book value. »

Sell

INTERNOS sells MKV in Munich to MCAP Global Finance on behalf of BGP

Tue, 07/10/2014 - 06:04

INTERNOS Global Investors has sold MKV, a mixed-use retail/logistics asset in inner Munich, Germany to an affiliate of MCAP Global Finance. »

Sell

Tristan Fund EPISO to sell German office and residential assets for over EUR200m

Fri, 03/10/2014 - 12:01

European Property Investors Special Opportunities (EPISO) is to generate proceeds totalling over EUR200 million from the sale of a Leipzig office complex and a portfolio of Berlin residential properties. »

Sell

American Realty Capital Properties to sell Cole Capital for USD700m

Thu, 02/10/2014 - 10:01

American Realty Capital Properties (ARCP) has signed a definitive agreement for the sale of Cole Capital, ARCP's private capital management business, to RCS Capital Corp for at least USD700 million.   »

Sold sign

BlackRock sells Exchange Tower to Gaw Capital

Tue, 30/09/2014 - 11:55

BlackRock has completed the sale of Exchange Tower to a group of Asian investors led by Gaw Capital Partners for GBP191million, equating to GBP395 per square foot. »

Sold sign

Urstadt Biddle Properties sells Five Town Plaza Shopping Center in Massachusetts

Mon, 29/09/2014 - 06:05

Urstadt Biddle Properties (UBP) has completed the sale of its 328,000 square foot retail shopping centre located in Springfield, Massachusetts known as the Five Town Plaza Shopping Center. »

Hotel

Carey Property sells London’s Harrington Hotel for EUR112m

Fri, 19/09/2014 - 06:02

Carey Property, a subsidiary of the hotel fund Carey Value Added managed by Azora, has sold the Harrington Hotel located in South Kensington, London to a Middle East investment group for EUR112 million. »

Wembley

Schroder REIT sells Olympic Office Centre in Wembley

Wed, 17/09/2014 - 12:03

Schroder Real Estate Investment Trust has exchanged unconditional contracts with Network Stadium Housing Association to dispose of the Olympic Office Centre in Wembley for GBP15.4 million. »

Shopping bags

IPCC completes sale of Fox Run Square Shopping Center in Illinois

Mon, 15/09/2014 - 06:02

Inland Private Capital Corporation (IPCC) has sold the Fox Run Square Shopping Center in Naperville, Illinois for a gross sale price of USD25,650,000. »

Sold sign

DAC completes turnaround of Las Vegas industrial portfolio

Fri, 12/09/2014 - 09:09

Dalfen America Corp (DAC) has sold Decatur Bell Commerce Center, Hacienda Crossing and Pace Commerce Center located in Las Vegas, Nevada. »

Sold sign

Schroder REIT disposes of Wembley site

Thu, 11/09/2014 - 16:05

Schroder Real Estate Investment Trust (REIT) has exchanged contracts with a subsidiary of Barratt Developments to dispose of its remaining, non-income producing site at the Olympic Office Centre in Wembley for GBP15.25 million.  »

Euros

Tristan fund sells Dusseldorf residential/retail complex for EUR70.5m

Wed, 03/09/2014 - 16:33

CCPIII, advised by Tristan Capital Partners, has sold the Dieterich Karree residential/retail complex in downtown Dusseldorf’s Pempelfort district to Bayerische Versorgungskammer (BVK), Germany’s largest public pension fund, for EUR70.5 million. »

Australian dollars

Redefine makes part disposal of Cromwell Securities

Tue, 02/09/2014 - 06:05

Redefine International has disposed of 54.24 million securities in its associate company the Cromwell Property Group, held through its 100 per cent held subsidiary, Redefine Australian Investments Limited. »

Sell

Supertel Hospitality sells Stone Mountain Savannah Suites

Tue, 26/08/2014 - 11:37

Real estate investment trust Supertel Hospitality has sold the 140-room Savannah Suites in Stone Mountain, Georgia for USD1.5 million.  »

Sell

KBS REIT II sells City Place Tower in West Palm Beach for USD150m

Mon, 25/08/2014 - 12:27

KBS Real Estate Investment Trust II, a public non-traded real estate investment trust, has sold City Place Tower, a 295,933-square-foot office building in West Palm Beach, Florida, for USD150 million. »

Sell

PREIT to sell non-core anchor pad

Wed, 20/08/2014 - 10:01

Pennsylvania Real Estate Investment Trust (PREIT) is to sell an anchor pad underlying a Bon-Ton store in Bethlehem, Pennsylvania contiguous to Westgate Mall. »

Care home

Patron Capital sells care home business for GBP153 million

Fri, 15/08/2014 - 17:30

Patron Capital Partners has sold its Gracewell Healthcare business for a consideration of GBP153 million. »

British pounds

L&G sells 28 Cavendish Square to Lancer

Fri, 15/08/2014 - 17:28

Legal & General Property has sold the short leasehold interest in No28 Cavendish Square to its freeholder, Lancer, for a total consideration of GBP5.35 million, representing a net initial yield of 3.7 per cent. »

Sold sign

Internos sells Steigenberger Hotel in Osnabrück

Thu, 07/08/2014 - 06:07

Internos Spezialfondsgesellschaft, on behalf of the Euro Property 1 fund, has sold the Steigenberger Hotel Remarque in Osnabrück, Germany to a private investor. »

Netherlands flag

Bouwinvest fund sells 16 Dutch apartment blocks to international institution

Tue, 05/08/2014 - 11:53

Bouwinvest’s Dutch Institutional Residential Fund is to sell 16 apartment blocks with a total of 723 units to an international institution.  »

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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