TD News International: 15/12/2014

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USA: Allianz wants to invest €800mn through co-investments

15/12/2014 Allianz Real Estate has entered into a partnership for US investments. The insurer’s US-based subsidiary and Manulife Asset Management Private Markets, a unit of Canada-based financial services company Manulife, intend to invest up to $1bn (about €810mn) in US real estate. As part of this co-investment project, a US subsidiary of Manulife has already sold [...]

Hesse Newman: End to fund business, Marc Driessen quits

15/12/2014 Hesse Newman Capital intends to shelve its fund business completely. An extraordinary general meeting of the corporation is to decide on discontinuing the conception and the marketing of property funds. A statement issued today said that the current market environment, in the opinion of the management, no longer permitted the operation of this line of [...]

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Munich: TH and Palmira buy airport logistics center

15/12/2014 TIAA Henderson Real Estate (TH Real Estate) and Palmira Capital Partners have acquired a logistics center at Munich Airport for their German Logistics Fund (GLOF). A property company of Ariston Real Estate sold the 9,000 sqm trans-o-flex parcel distribution center built in 1990 in the airport’s Freising section. The lease with trans-o-flex runs until the [...]

Internos sells real estate for €17mn

15/12/2014 Internos Global Investors has sold three buildings and a piece of land for €17mn on behalf of the Internos-managed BIP fund (Benelux Industrial Partnership). The company announcement said that a 39,000 sqm mixed-use property in Freiburg’s Hochdorf District (Bebelstrasse) went to a local investor, adding that the property’s anchor tenant is manufacturer Solar-Fabrik AG. The [...]

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Burger King: All 89 Yi-Ko locations to reopen

15/12/2014 The 89 restaurants of the insolvent Burger King franchisee Yi-Ko will re-open. The chain has issued a provisional license to the company’s insolvency administrator. According to the announcement, Burger King Europe is also financing the restart with a debtor-in-possession loan in the millions. Yi-Ko hit the headlines due to a hygiene scandal that prompted Burger [...]