Allianz Real Estate has seen its European debt portfolio grow to EUR10.6 billion in assets under management as at the end of 2020, up by around 15 per cent year-on-year.
Deals & Transactions
Bainbridge DXS and Torrey Pines Hotel Group have formed a partnership to launch a full-service hospitality investment and management platform – announcing a USD500 million fund to acquire equity investments as well as debt takeovers of hospitality assets across the globe.
FCP has completed the USD20.0 million acquisition of Brookview Apartments, a 216-unit apartment community in Douglasville, Georgia.
ICG’s Sale and Leaseback Fund to forward fund Europe’s largest ever, single occupier, prime logistics park
Intermediate Capital Group (ICG) is to forward fund a new, 2.94 million sq ft global parts logistics centre at Mercia Park located at Junction 11, M42, North-West Leicestershire, constructed by IM Properties and leased to Jaguar Land Rover.
2021 National Law firm Irwin Mitchell has advised Anthology, the London Real Estate residential developer on a financing deal which refinances 150 apartments that remain for sale at Anthology’s 195-home Wembley Parade and its 316-home Deptford Foundry developments.
LondonMetric Property (LondonMetric) has acquired two urban logistics warehouses in Manchester and Birmingham for GBP39 million, reflecting a blended yield on cost of 4.25 per cent.
Pretium, Ares Management and Front Yard Residential complete single-family rental take-private transaction
Pretium and a group of its investors, and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation (Ares) have completion their acquisition of Front Yard Residential Corporation (Front Yard), a leading provider of high-quality and affordable single-family rental (SFR) housing.
Property Manager Tattersall Lorenz increases space under management by around 30 per cent to 4.4 million sq m in 2020
Tattersall Lorenz, an owner-operated SME property manager based in Berlin, increased the volume of its space under management by around 30 per cent in 2020.
Carey Olsen advises Sun Venture on Jersey Private Fund facilitating the UK's largest real estate acquisition of 2020
Offshore law firm Carey Olsen has advised Singaporean property developer and asset manager Sun Venture on the launch of its first Jersey Private Fund (JPF), structured as a Jersey Limited Partnership, to facilitate the purchase of 1 and 2 New Ludgate in the City of London.
Industrial developer and asset manager Chancerygate has sold an 11 asset portfolio to real estate private equity firm Northwood Investors for an undisclosed sum.