M7-Starwood Capital Group JV Acquires 17 Properties for €74.5M
London, 23rd March, 2015 – MStar Europe, the joint venture set up by M7 Real Estate and Starwood Capital Group’s Starwood Global Opportunity Fund X (SOF X) to invest in high-yielding, multi-let assets in Continental Europe, announced today that it has agreed to acquire or has completed the purchase of 17 properties in Germany and the Netherlands. The assets were acquired from multiple owners and have a total combined purchase price of €74.5 million.
M7 and Starwood Joint Venture Acquires Nine German Light Industrial Properties for €57.6 million
MStar Europe, the multi-let property joint venture between M7 Real Estate and a controlled affiliate of Starwood Capital Group, has invested €57.6 million to acquire nine German light industrial warehouses from various vendors. Alyssa Huse, Managing Director of M7 Real Estate Germany GmbH, said: “The lack of development during the financial crisis means there is great potential for these well-located assets through hands-on management by our highly experienced team. We are actively looking for more of these high-yielding investments in Germany.”
Onex Buys Carton-Packaging Maker for $4.6 Billion
Canadian private-equity firm Onex Corporation said Monday it would pay €3.75 billion ($4.64 billion) for carton-packaging maker SIG Combibloc Group AG....
M7 Starwood Capital Group joint venture acquires nine German light industrial properties for €57.6 million (DE) » europe
MStar Europe, the multi-let property joint venture between M7 Real Estate and a controlled affiliate of Starwood Capital Group, has invested EUR57.6 million to acquire nine German light industrial ware...
US Private Equity Group, Blackstone, is “Giving Up On Russia”
US private equity group Blackstone is “giving up on Russia”, highlighting how even well-connected western investors are shying away from doing business in the country....
Schroder REIT Acquires Stacey Bushes Industrial Estate for €11.47M
The Company announces that it has exchanged unconditional contracts to acquire Stacey Bushes Industrial Estate in Milton Keynes for £9.2 million (approx. € 11.47 million)....
Robust Industrial Market Ahead for Much of North America
The North American industrial sector offers much to cheer and a few reasons for caution, according to experts at I.CON, an international conference organized by NAIOP on Thursday in Jersey City, N.J.
Investing Beyond the Border
For thirty years, Vesta has been investing in industrial real estate on the Mexican border. Williams explains why this intersection of first- and third worlds has taken Vesta to a $1 billion market cap.
Another quarter of strong returns for real estate fund returns globally; industrial sector the standout
The IPD Global Quarterly Property Fund Index results remain strong in the quarter to March 2014, but they are showing signs of a slowdown. Fund-level returns stood at 2.3%, down from 2.9% in the quarter to December 2013. The 12-month return kept its momentum, reaching a 2- year high of 11.1%, outperforming property equities and bonds but lagging behind equities.
When Assessing Investment Advice, Consider the Source
The problem becomes more obvious when, in the same article, we read the incredibly irresponsible statement from Jonathan Golub, RBC Capital Markets’ chief United States market strategist. According to Mr. Golub, “REITs and utilities are just crushing it.” He added, “These stocks act as a bond substitute.”