Publication: Property Funds World

First reported 12 mins ago - Updated 12 mins ago - 1 reports

PREI joint venture sells German residential portfolio

Prudential Real Estate Investors (PREI) and Kauri CAB Management have sold a portfolio of 25 residential ‘Altbau’ buildings located within the S-Bahn ring of Berlin for EUR78.6 million, or about USD105 million.PREI is the real estate investment and advisory ... [Published Property Funds World - 12 mins ago]
First reported 1 hour ago - Updated 1 hour ago - 1 reports

MetLife and Norges Bank Investment Management buy One Beacon Street in Boston

MetLife and Norges Bank Investment Management have bought the One Beacon Street office building in Boston for approximately USD561 million.This is the second property investment in Boston and the fourth overall for the joint venture, which now has a real ... [Published Property Funds World - 1 hour ago]
First reported 1 hour ago - Updated 1 hour ago - 1 reports

Mark Burton joins Strategic Partners to lead secondary real estate business

Mark Burton has joined Strategic Partners Fund Solutions to lead its real estate secondaries practice.Burton will serve as a principal and oversee Strategic Partners’ real estate secondary investment activities.Burton joins Strategic Partners from H/2 ... [Published Property Funds World - 1 hour ago]
First reported 3 hours ago - Updated 3 hours ago - 1 reports

Hispania acquires four office buildings and two hotels in Madrid

Hispania Activos Inmobiliarios, through its subsidiary Hispania Real SOCIMI, has acquired a portfolio of four office buildings and two hotels in Madrid from IDL Group.The transaction amounted to EUR42.15 million, fully disbursed with Hispania’s own f ... [Published Property Funds World - 3 hours ago]
Entities: Madrid, POETA, NH Hoteles SA
First reported 22 hours ago - Updated 4 hours ago - 1 reports

Valad European Diversified Fund doubles-up to EUR1bn and expands into France

Valad Europe has doubled the total fund capacity of its Valad European Diversified Fund (VEDF) to EUR1 billion by securing a further EUR190 million of new equity from existing investors.During the initial investment phase, the fund has so far invested ... [Published Property Funds World - 22 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

AXA Real Estate completes EUR50m acquisition of Park Kolonnaden in Berlin

The AXA real estate team of AXA Investment Managers Deutschland has completed the acquisition of Park Kolonnaden, a mixed-use building in Berlin, from a subsidiary of HVB Immobilien for EUR50 million.The deal is on behalf of a newly created joint venture ... [Published Property Funds World - 7 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

Turner & Townsend boosts global turnover to GBP375m

Global programme management and construction consultancy Turner & Townsend has increased its turnover by 12 per cent to GBP357.4m in the year ended 30 April 2014.
The company, which employs more than 3,660 staff across a global network of 87 offices, ... [Published Property Funds World - 21 hours ago]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Braemar Estates strengthens business development team

Property manager Braemar Estates has appointed Diana Turner as business development manager, based out of the company’s head office in Hale, Cheshire.Turner will be responsible for growing and developing the block management business across the North ... [Published Property Funds World - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Harworth Estates makes four appointments

Harworth Estates, the UK property regeneration company, has made four appointments.Chris Warren has joined Harworth’s natural resources division as estates surveyor, responsible for the management of its portfolio of mineral and waste management assets. ... [Published Property Funds World - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Lubert-Adler sells two shopping centres for USD336m

Philadelphia-based Lubert-Adler Partners has exited an equity and debt investment through the sale of two suburban shopping centres – one just outside Atlanta, Georgia and one in Lexington, Kentucky.The combined sales price for both centres was USD336 ... [Published Property Funds World - Jul 28 2014]
First reported Jul 28 2014 - Updated Jul 28 2014 - 1 reports

Slate Retail REIT acquires North Summit Square shopping centre

Slate Retail REIT has completed the acquisition of a grocery-anchored shopping centre located in Winston-Salem, North Carolina.North Summit Square was acquired for USD15,800,000 (USD70 per square foot).The 224,530 square foot property is 99 per cent occupied ... [Published Property Funds World - Jul 28 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Milestone Apartments REIT acquires Legacy Heights Apartments in Denver

Milestone Apartments Real Estate Investment Trust has completed the purchase of Legacy Heights, a 384-unit multifamily apartment community located in Denver, Colorado, for USD50.3 million.This acquisition was previously announced by the REIT on 1 May ... [Published Property Funds World - Jul 25 2014]

Quotes

Jordan Kaplan, president and chief executive, says: "I have worked closely with Kevin for almost 20 years while he was at Eastdil Secured and have come to trust his experience and judgment. He will be a great addition to our senior management team."
"We are pleased to take advantage of the current low interest rate environment by locking into a 4.40 per cent interest rate for 10 years. Further, loan proceeds are approximately 10 per cent higher than our total investment in the hotel and the loan will achieve our strategic objective of further laddering our debt maturities" says Sean Mahoney, executive vice president and chief financial officer of the company
...relationships with institutional financing partners," says Daniel R Gilbert, chief executive officer and president of NorthStar Income II. "As we continue to drive investment activity, this credit facility will provide efficient financing to selectively lever our debt investments and further diversify the NorthStar Income II portfolio." NorthStar Income II's portfolio consists of four senior mortgage loans with a combined principal amount of USD157.2 million as of 16 July 2014
"We believe that the time is right for Hines to bring its world class real estate development and investment capabilities to Greece. The country is transforming and the entrance of Hines and other institutional quality players will further promote this transformation" says Gomopoulos

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PREI joint venture sells German residential por... [Published Property Funds World - 12 mins ago]
Mark Burton joins Strategic Partners to lead se... [Published Property Funds World - 1 hour ago]
MetLife and Norges Bank Investment Management b... [Published Property Funds World - 1 hour ago]
Hispania acquires four office buildings and two... [Published Property Funds World - 3 hours ago]
AXA Real Estate completes EUR50m acquisition of... [Published Property Funds World - 7 hours ago]
Turner & Townsend boosts global turnover to GBP... [Published Property Funds World - 21 hours ago]
Valad European Diversified Fund doubles-up to E... [Published Property Funds World - 22 hours ago]
Harworth Estates makes four appointments [Published Property Funds World - Jul 28 2014]
Braemar Estates strengthens business developmen... [Published Property Funds World - Jul 28 2014]
Lubert-Adler sells two shopping centres for USD... [Published Property Funds World - Jul 28 2014]
Slate Retail REIT acquires North Summit Square ... [Published Property Funds World - Jul 28 2014]
Comment: UK economy isn’t as strong as it looks [Published Property Funds World - Jul 27 2014]
Milestone Apartments REIT acquires Legacy Heigh... [Published Property Funds World - Jul 25 2014]
Douglas Emmett appoints chief investment officer [Published Property Funds World - Jul 25 2014]
Japan residential returns on the up, says M&G R... [Published Property Funds World - Jul 25 2014]
Hermes Real Estate sells GBP17m Sovereign Portf... [Published Property Funds World - Jul 25 2014]
LaSalle Investment Management adds three to cli... [Published Property Funds World - Jul 25 2014]
Chambers Street Properties sells UK shopping ce... [Published Property Funds World - Jul 24 2014]
Mount Wolseley Hotel exits examinership with in... [Published Property Funds World - Jul 24 2014]
Cordea Savills buys office buildings in London’... [Published Property Funds World - Jul 24 2014]
Prologis records occupancy of 92.6 per cent at ... [Published Property Funds World - Jul 24 2014]
IFIA develops corporate governance code for fun... [Published Property Funds World - Jul 23 2014]
Mayfair Capital appoints Jonathan Gibbon as inv... [Published Property Funds World - Jul 23 2014]
Deka Immobilien appoints CBRE to manage The Edg... [Published Property Funds World - Jul 23 2014]
L&G completes GBP350m industrial fund refinancing [Published Property Funds World - Jul 23 2014]
Cordea Savills appoints director of institution... [Published Property Funds World - Jul 23 2014]
City Office REIT closes Dallas office property ... [Published Property Funds World - Jul 23 2014]
Raiffeisen Polbank to become tenant at Golub Ge... [Published Property Funds World - Jul 23 2014]
Irish property values continue to surge in Q2 2014 [Published Property Funds World - Jul 23 2014]
DiamondRock refinances the Courtyard New York M... [Published Property Funds World - Jul 23 2014]
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