AEW receives Glasgow retail space

AEW, acting on behalf of the AEW European City Retail Fund, bought the Scottish Stock Exchange building for 38.3 euros. The asset is the most retail building in Glasgow. The Scottish Stock Exchange building is located on 153-159 Buchanan Street and 6-11 Nelson Mandela Place. Covering an area of 57.190ft², the building has Class A […]

AEW buys Melbourne office tower for A$200m

US headquartered AEW has bought a Melbourne office tower for more than A$200m (€127m) from Australian financial services group Challenger. The office building is located in Queen Street in the central business district. The property would form part of the AEW Value Investors Asia II fund. The fund bought its first asset in Australia – […]

AEW’s II fund raises €210m at first close

AEW Europe Value Investor (EVI) II will ultimately have a total investment of around €1bn with leverage. The predecessor fund raised €410m in 2016. German institutions have backed AEW2s latest European value add property fund to raise €120m at first close. Carsten Czarnetzki, fund manager of the EVI series, said that the €210.5m raised by […]

SC Capital acquires Singapore shopping centre

AEW has sold Rivervale Mall for $230m. SC Capital acquired the centre, its single largest invesment yet, for SCORE+, its open ended fund that invests in core and core plus property across Asia Pacific. Rivervale Mall is located in Sengkang district. The property is part of what is known as the heartland of Singapore, where […]

AEW acquires two mixed use properties in Budapest

Real estate invesment managers, AEW has acquired two mixed use properties in Hungary’s capital on behalf of a German separate account. The firm bought the 7,800 sqm Andrassy 11&12 neorenaissance buildings located on the southern section of Andrassy Avenue in Budapest for an undisclosed sum. Andrassy 11 is fully occupied. Michael Kors occupying the retail […]

AEW purchases first asset in Hungary

AEW has announced its first acquisition in Hungary. AEW has acquired building in Budapest for approximately 18m euros. Sold property is the old Luxus shopping center. The property is 3,613 square meters in total and providing 3,072 sqm of retail and office space. There are shops and restaurants on the ground floor and first floors […]

AEW German office funds acquires Cologne building

Real estate asset manager AEW has bought a mixed-use building in Germany from Indigo Invest. The office building was sold in an undisclosed amount. The mixed-use office building at Neumarkt in Cologne is 8,200 square meters. The property was acquired on behalf of the City Office Germany Fund. The Fund aims at office properties with […]

AEW buys Netherlands shopping centre

AEW has acquired a Dutch retail asset from Aberdeen Standard Investments. Sales price was not announced. AEW said that it bought the Arena shoppig centre on behalf of one of its private client funds, Actipierre Europe. Arena shopping centre is located adjacent to the city centre of s-Hertogenbosh. The property comprises a total lettable area […]

AEW JV buys Beijing office tower

  According to Mingtiandi’s a news, a joint venture led by real estate investment manager AEW has purchased a 21-storey office tower in Beijing for a total compensation of RMB 4.5 billion. AEW joined with Beijing-based private equity investor Hony Capital to purchase the north tower in the Beijing Oriental Culture and Art Center in […]

AEW raises €370m for French residential property fund

  AEW’s first French residential real estate fund has raised €370m at final close. The manager said that the Residys fund’s final close provides a total investment capacity of more than €600m. Since its launch in 2017. the Residys fund has completed 15 acquisitions, mainly across Paris, representing almost half of the fund’s total investment […]