Gray Powell, CFA, and Matthew VanVliet, CFA, have joined the BTIG’s Research and Strategy division to launch coverage across the security and application software sectors. Powell and VanVliet will both report to David Lenchus, Director of Research at BTIG.
Moorfield, a leading UK real estate private equity fund manager, announces that it has sold a logistics unit in Huddersfield, West Yorkshire, to WP Carey Inc, for GBP29 million, on behalf of Moorfield Real Estate Fund III (MREFIII).
EPISO 5 opportunity fund, advised by pan-European property investment manager Tristan Capital Partners, has formed a joint venture with Acciona Inmobiliaria, the real estate branch of the listed Spanish company Acciona, for a speculative development of 31,000 sq m of Grade A office accommodation in Barcelona’s 22@ district for a total investment exceeding EUR100 million.
ElmTree Funds (ElmTree), has sold a majority position in a portfolio of predominantly industrial and office properties to Guggenheim Investments (Guggenheim). The gross asset value of the 18-property portfolio is approximately USD900 million.
OakNorth Bank has provided a GBP9.4 million loan to Care Concern Group, a UK care home operators for dementia and general nursing.
M&G Real Estate has appointed Savills, Knight Frank and Cushman & Wakefield as joint agents on 40 Leadenhall Street in the City of London, where it is developing a new 905,000 sq ft office complex.
Allianz Real Estate has provided GBP120 million (EUR141 million) in debt financing to The Office Group (TOG), majority owned by real estate funds managed by the Blackstone Group, for the acquisition and refurbishment of Chancery House in London.
Oxenwood Real Estate, the UK and European real estate investment management firm, has acquired three urban, last-mile logistics properties in the UK for GBP25.9 million, reflecting a net initial yield of 5.5 per cent.
AXA IM - Real Assets has let a further 37,000 sq ft of space at its flagship London office development, 22 Bishopsgate, to THB Group (THB), an AmWINS Group Company and specialist international (re)insurance broking and risk management group, on a 15-year lease.
GPF Capital Real Estate, the newly launched real estate arm of GPF Capital, has exchanged contracts with CBRE Global Investors for the acquisition of the Axis Building, in Plaza de Colon, Madrid.