{"id":1004035521,"date":"2011-12-08T06:06:19","date_gmt":"2011-12-08T14:06:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004034905"},"modified":"2022-12-05T11:55:12","modified_gmt":"2022-12-05T19:55:12","slug":"ge-capital-launches-e400m-investment-in-european-office-properties","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ge-capital-launches-e400m-investment-in-european-office-properties\/","title":{"rendered":"GE Capital Launches $535M Investment in European Office Properties"},"content":{"rendered":"

December 8, 2011<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n

\"\"<\/a>

London skyline courtesy Flickr Creative Commons user The fixed factor<\/p><\/div><\/p>\n

Despite the European markets being as unsteady as \u2013 if not more than \u2013 domestic markets, GE Capital Real Estate is making a big bet on quality office assets in England, France and Germany. The firm has secured $535 million (\u20ac400 million) from third-party sources in order to invest in properties in London, Paris, Berlin, Frankfurt, Hamburg and Munich.<\/p>\n

The new investment move, called a \u201cgateway\u201d vehicle, has secured the funds \u201cto acquire, with leverage up to 60 percent, core plus and value-add office assets.\u201d GE expects the total size of the asset base to be approximately \u20ac1 billion, with an investment period of two years \u2013 and a one-year extension.<\/p>\n

Jonathan Kern, president of GE Capital Real Estate Global Investment Management, called the vehicle\u2019s \u20ac400 million \u201ca significant achievement\u201d in the current economic environment. General Manager Thierry Leleu noted that \u201cour French, German and UK teams are currently working towards identifying prospective investment possibilities and have been doing so for the past few months.\u201d<\/p>\n

By staying in prime markets, the fund will likely see the benefits of its work. A recent report by services firm Jones Lang LaSalle noted that, while most of Europe has taken a \u201cwait and see\u201d approach to new investments, prime locations \u2013 London most notably \u2013 saw rents enjoying healthy growth in previous quarters. While indices in Europe have remained virtually unchanged, the flat numbers can be attributed to a canceling effect. Prime rents for office properties have increased notably in the markets GE is targeting, while dropping significantly in others.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the European markets being as unsteady as — if not more unsteady than — domestic markets, GE Capital Real Estate is making a big bet on quality office assets in England, France and Germany with $535 million (400 million euro) secured from third-party sources.<\/p>\n","protected":false},"author":1201,"featured_media":1004035012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,16,21783,21742,21747],"tags":[],"class_list":["post-1004035521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-international","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"\nGE Capital Launches $535M Investment in European Office Properties - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ge-capital-launches-e400m-investment-in-european-office-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GE Capital Launches $535M Investment in European Office Properties\" \/>\n<meta property=\"og:description\" content=\"Despite the European markets being as unsteady as -- if not more unsteady than -- domestic markets, GE Capital Real Estate is making a big bet on quality office assets in England, France and Germany with $535 million (400 million euro) secured from third-party sources.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ge-capital-launches-e400m-investment-in-european-office-properties\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-12-08T14:06:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T19:55:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/12\/120811-London-Skyline-user-The-fixed-factor.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ge-capital-launches-e400m-investment-in-european-office-properties\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ge-capital-launches-e400m-investment-in-european-office-properties\/\",\"name\":\"GE Capital Launches $535M Investment in European Office Properties - 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