Immo-Gen News Feed

Goldman Principal RE fund raises nearly $1bn

Goldman Sachs Principal Investment Area has raised $993 million for its third real estate debt fund, according to Real Estate Capital’s sister title, Private Debt Investor.

By Real Estate Capital on 20 April 2017

Seattle commits €15m to European real estate fund

The $2.5 billion Seattle City Employees’ Retirement System committed €15 million ($16 million) to Orion European Real Estate Fund V, managed by Orion Capital Managers, according to board meeting documents. The commitment is pending satisfactory legal review.

By IREI News on 20 April 2017

BNP Paribas launches new European hotel fund

BNP Paribas REIM Germany has launched a new European hotel real estate vehicle, Euro City Hotel Fund, according to IREI’s FundTracker database.

By IREI News on 20 April 2017

Ram holds $132m final close for real estate fund

Ram Real Estate Capital has held a $132 million final close for its fourth real estate fund, Ram Realty Partners IV, according to IREI’s FundTracker database. The fund officially closed on March 31.

By IREI News on 20 April 2017

BNY Mellon to provide fund admin services to PGIM Real Estate

BNY Mellon Alternative Investment Services will provide fund administration services for PGIM Real Estate's US real estate funds, representing approximately USD33 billion in net assets under management. 

By Property Funds World on 20 April 2017

Moscow shopping centre vacancy rate declined to 7.2% (RU)

According to JLL, with no new shopping centres delivered to the market in Q1 2017, the vacancy rate in existing properties declined from 7.5% to 7.2%. Over the course of the year, JLL analysts expect this indicator to decline further, to 6.5%, the lowest level since the beginning of 2015.

By Europe Real Estate on 20 April 2017

Significant Opportunities Down Under

A commonly held view is that Australia is an economy in transition, historically driven by
the mining sector. While the ups and downs of
the commodities cycle play a part in currency
movements, the mining sectors’ direct economic
contribution is much smaller than most people
assume. In 1984, mining accounted for just 4%
of GDP. By 2016 this had risen to almost 7%.
Over the same period financial and business
services grew from 13% to 21%. Add in other
services, such as tourism, education etc. and
the gap between primary and tertiary sectors
grows wider still. While the economy may be
transitioning, it is, and continues to be, a service
sector based economy.

By AXA Reim News on 20 April 2017

Foreign investment in Europe dropped 19% in 2016

The economic recovery continues in the Eurozone. Despite a slowdown at mid-year, GDP maintained a stable pace of growth in 2016 with 1.7% on average. It should enjoy growth close to 1.5 % in 2017, a slight decline on 2016 due to political uncertainties at national level and some less favourable economic fundamentals (such as raw materials, inflation, oil prices and interest rates).

By Europe Real Estate on 20 April 2017

Schroders secures additional lettings at City Tower in Manchester

Schroder Real Estate Investment Management has secured a further 47,500 sq ft of new office lettings at City Tower, Manchester, taking total new secured income post its refurbishment of the property to over GBP1.4 million.

By Property Funds World on 20 April 2017

AXA IM and ATP acquire a large scale hotel development in Amsterdam (NL)

AXA Investment Managers - Real Assets, a global leader in real assets investment and the leading real estate portfolio and asset manager in Europe, announces that it has completed, in a 50/50 joint venture between ATP, Denmark’s largest Pension Fund, and AXA Insurance Companies, the acquisition, by way of a forward purchase, of a hotel development in Amsterdam, the Netherlands, from real estate developer COD who are developing the project jointly with Being Development.

By Europe Real Estate on 20 April 2017

Ryden sells Dovehill Arms in West Lothian

Ryden's licensed and leisure team has sold the Dovehill Arms public house at 18-20 West Main Street, Uphall, West Lothian on behalf of Punch Taverns. The long established local community pub was sold around the asking price of €197,135 (£165,000) to a local publican who owns two other public houses in Edinburgh and the Lothians.

By Property Magazine International on 20 April 2017

A collective real estate investment vehicle purchases the building on 20 rue de Baume in Paris

This 6,000 m² office building, in the heart of Paris’s CBD, was sold by Primonial REIM on behalf of another major French institutional investor and acquired by the collective real estate investment vehicle held by CNP Assurances and managed by La Française. The original 1925 building was entirely renovated in 2015-2016 by Prinomial REIM with a “very good” BREEAM rating.

By Property Magazine International on 20 April 2017

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