Commercial property consultants CBRE Ireland today released statistics on the volume and value of investment transactions completed in the Irish market in the first half of 2017, showing that a total of 97 assets with a value of more than €1 million traded in the first six months of 2017. In total, more than €775 …
Tag Archives: office investment
UK’s Palmer Capital secures £225m of equity for largest-ever fund
The Palmer Capital Development Fund IV builds on the success of the third fund, which invested £175m of equity in 15 projects between 2014 and 2016. Alex Bignell, head of UK at CBRE GIP, said the track record of the previous funds made it “an easy decision to launch a fourth fund”. The new four-year …
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PGIM Real Estate acquires Magnet Portfolio in Hamburg from Rockspring
PGIM Real Estate recently completed an offmarket acquisition of the Magnet Portfolio, a Hamburg office portfolio. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management business of Prudential Financial, Inc. Rockspring Property Investment Managers LLP sold the portfolio on behalf of TransEuropean V Property Partnership Limited. The …
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LBS Properties set to develop 36,000 sq ft office scheme with new Angel acquisition
Award-winning London developer LBS Properties has secured a freehold office development site in Angel, Islington N1 for £12.6 million, simultaneously securing funding from Cheyne Capital for the delivery of a new 36,000 sq ft office scheme. Located at 65-70 White Lion Street, a three-minute walk from both the popular Upper Street and Angel underground station, the …
Chinese capital dominates Asian outbound real estate investment in 2016 : CBRE
Asian outbound real estate investment was dominated by Chinese investors in 2016, accounting for almost half – 47% or US$28.2 billion – of the total capital transacted during the period. CBRE Institutional & International Investments NSW Director Michael Andrews said while Australian remained highly sought after by mainland Chinese capital, demand from other Asia markets …
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Axiare Patrimonio invests EUR 53.4 million to purchase its third office building in Madrid’s prime CBD within the space of four months
Spanish SOCIMI Axiare Patrimonio has invested EUR 53.4 million to acquire an office building comprising 8,036 sqm and 99 underground parking spaces in the heart of Madrid’s financial district, and one of the areas most sought-after by top tier tenants. By signing this deal, in barely one and a half months, Axiare Patrimonio has invested EUR …
AMP Capital funds acquire A-Grade office tower at 33 Alfred Street in Sydney
The AMP Capital Diversified Property Fund (ADPF) and AMP Capital Wholesale Office Fund (AWOF) have acquired 33 Alfred Street Sydney on behalf of their investors for an undisclosed amount. According to the market sources,the price is between $430 million and $460,000.Owned by AMP Life, 33 Alfred Street is AMP Limited’s headquarters. 33 Alfred Street is a …
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Central London office take-up sees strong end of year rebound : CBRE
Central London office take-up in November 2016 rose to 1m sq ft, representing a monthly increase of 118% and bringing take-up in line with the 10-year monthly average, according to the latest figures from global real estate advisor CBRE. Take-up in November 2016 was boosted by a number of large deals. A total of six …
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GxP German Properties acquires office portfolio worth € 89 million in Germany
GxP German Properties AG has successfully concluded the acquisition announced on October 15, 2016. The purchased portfolio comprises eight commercial properties with a lettable area of around 65,100 square meters and a value of around 89 million euros. The properties are in good condition and have a vacancy rate of around 15 percent. They thus …
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Hong Kong-listed SRE Group acquires office tower in London
Cmsreuk Tower Hill Propco Limited, a wholly-owned subsidiary of the SRE GROUP LIMITED has purchased Société Générale’s office tower from the French Bank for £84.5 million ($112.8 million, HK$865,280,000) in central London. The Property, located in an established commercial district in Tower Hill on the east side of the City of London and bound by …
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