Lone Star buys £1bn portfolio from Moorfield

first_imgFUND manager Moorfield Group has sold a real estate investment portfolio to Lone Star for £1bn.The diversified portfolio is made up of traditional real estate investments, such as retail and office blocks, as well as alternative real estate investments, like hotels and residential and student accommodation. Moorfield will continue to act as asset manager, alongside Hudson Advisors, to “ensure there is continuity of asset management initiatives, asset knowledge and stakeholder relationships”.The deal saw Moorfield Real Estate Fund (MREF), which was raised in 2005, and MREFII, which was raised in 2007, exchange contracts with Lone Star Real Estate Fund III.Marc Gilbard, chief executive of Moorfield, said: “This is the largest transaction that Moorfield has undertaken in its corporate history and is a very effective way for MREF and MREFII to realise the majority of their investments. We are very pleased with the investment performance this will give to our investors and it allows us to focus on optimising the value of the remaining assets in these funds together with investing our recently raised MREFIII.” Express KCS Show Comments ▼ More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comColin Kaepernick to publish book on abolishing the policethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKansas coach fired for using N-word toward Black playerthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULL Share whatsapp Lone Star buys £1bn portfolio from Moorfield Monday 22 December 2014 8:59 pm whatsapplast_img

Leave a Reply

Your email address will not be published. Required fields are marked *