Knight Frank Investment Management (KFIM), acting on behalf of KB Securities and KB Asset Management, has completed the acquisition of the company Galaxy Properties, owning as main asset the North Galaxy Towers, Brussels from ATP Real Estate. The deal is estimated to be over €600 mln.
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The management and supervisory boards of German lender Aareal Bank have issued a joint statement recommending the acceptance of an improved takeover offer for the firm by Atlantic BidCo.
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Goldman Sachs Asset Management said on Friday that it has raised $3.5 bn (€3.2 bn) for its Real Estate Investment Partners programme (REIP) from a diverse group of institutional and high net worth investors.
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The UK dominated investment activity this week, accounting for all the major transactions closed.
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Privately-held investment firm Cain International has signed one of the largest financing agreements in the UK logistics sector this year by securing a £420 mln (€505 mln) loan facility from US asset management giant Blackstone.
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CPI Property Group (CPIPG) is asking S Immo’s shareholders to remove a voting cap which, if abolished, would give it a ‘dominating influence’ over the company and pave the way for a takeover of the CE property firm.
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US investment manager Harrison Street has announced the sale of seven purpose built student accommodation (PBSA) assets to Global Student Accommodation (GSA), the student housing specialist, for an undisclosed amount.
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Italian REIT Aedes has confirmed that it is in exclusive negotiations with US privately-held developer-investor Hines with a view to selling the business for an undisclosed amount.
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Spanish lender BBVA has agreed to buy back 662 branches, which it sold between 2009 and 2010 under a sale and lease back agreement to Tree Inversiones Inmobiliarias, currently owned by Spanish REIT Merlin.
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Real estate investment manager Tristan Capital Partners’ Episo 6 fund announced on Tuesday that it is investing £420 mln (€502 mln) to acquire a majority share in Raag Hotels Limited, owner of the Point A Hotels brand with assets in the UK and Ireland.
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Aviva Investors, the global asset management business of Aviva, has strengthened its real estate capabilities with the appointment of Tim Russell as senior fund manager.
