UBS Buys London Office Property
UBS Global Asset Management, on behalf of its UBS South East Recovery Fund, has acquired the freehold interest in Atlas House in London for £19.5 million.
UBS Global Asset Management, on behalf of its UBS South East Recovery Fund, has acquired the freehold interest in Atlas House in London for £19.5 million.
Rockspring Property Investment Managers LLP has acquired a five-property portfolio of UK office buildings for £47.78 million (€54.1 million) on behalf of the UK Value Fund.
The commercial real estate markets in central and eastern Europe are showing signs of a relative pick-up in activity, and conditions are shifting from a tenants’ market to a more balanced market in many cities.
Orchard Street Investment Management LLP has sold two UK office buildings to ING Real Estate Investment Management for £13.38 million (€15.2 million).
Legal & General Property’s LPI Income Property Fund has now raised total commitments of nearly £180 million (€204 million), following a closing of an additional £117 million (€133 million) in equity from three corporate pension schemes, including the Michelin Pension Plan.
LaSalle Investment Management has created a property derivatives platform for its clients and has teamed up with BGC Partners to execute the strategy.
DIC Asset AG has acquired two retail properties in Germany that are let to Galeria Kaufhof from a joint venture controlled by affiliates of AREA Property Partners and Rida Development Corp for €108 million.
Henderson Global Investors has been actively investing in real estate development schemes and project expansions across Europe.
Hannover Leasing has acquired Blaak8, a 13,500-square-metre office scheme in Rotterdam. The property serves as the new headquarters of Stedin, a Dutch energy service provider, which has let the building for a term of more than 10 years.
Doughty Hanson & Co Real Estate has purchased two shopping centres in Spain from Sonae Sierra for €120 million.
It’s a predicament that is shared by north African and Middle Eastern kings/presidents/rulers/dictators/despots/corruptors (delete as required) facing the wrath of their people and by real estate investors, and their lenders, with a debt problem. How to avoid falling off the cliff.
Deka Immobilien GmbH has acquired the North Gate office property in the centre of Warsaw for €103 million.
The Crown Estate has agreed to purchase Ocean Retail Park in Portsmouth from The Junction Fund for £61 million (€69 million).
AXA Real Estate Investment Managers has acquired 20 Gresham Street in the City of London on behalf of one of its clients.
Aerium has acquired an office building in the United Kingdom and a High Street retail development in Germany.
Most of the macroeconomic trends playing out in the ongoing story of Asia’s development point to ever-greater industrialisation and growth of domestic markets and thus support an investment hypothesis that focuses on industrial, warehousing and logistics (IWL) properties in the region.
It seems as if Brazil is on nearly everyone’s radar screen these days. Brazil benefits from a large and expanding economy, a growing urban population and youthful demographic profile, expanding real estate market capitalisation, lessened levels of systemic market risk, and proven political and financial stability. The aim of this article is to analyse the market and to discuss investment opportunities and risk as well as investment strategies for each of the four main property types.
The past two years have seen very mixed fortunes in the institutional real estate market as participants have reeled from the impact of recession. There are now discernible signs of recovery and many reasons why 2011 should see a return to sustained investment as the equilibrium between supply and demand for warehouse space is re-established.
The recent victory for Russia in the bid for the 2018 FIFA World Cup certainly came as a surprise for some of the other bidding countries and to many experts across the globe. Russia is a country that spans nine time zones, has a population of 142 million and is often in the media for very much the wrong reasons. The opportunity to host such a globally important and media-saturated event as the World Cup certainly presents Russia with a chance to present a more positive face. There is, though, much to do in order for the country to be ready.