SWFI First Read, August 29, 2017
Munich RE Invests in Minority Stake in Texas Wind Farm Portfolio
Munich RE Group, advised by MEAG, acquired a 49% ownership stake in a portfolio of wind projects in Texas from Starwood Energy Group. The portfolio is comprised of two 230 MW wind farms, the Electra and Horse Creek wind farms, in north-central Texas, specifically in Haskell and Wilbarger counties. Starwood Energy Group had acquired the wind farms from Lincoln Clean Energy, a developer.
Hines Acquires Park Tower in Sacramento from CIM Group
Real estate firm Hines acquired Park Tower in downtown Sacramento, a 25-storey office building located on 980 9th Street from CIM Group for US$ 120.5 million. Hines also acquired the attached 350-stall parking garage at 1010 8th Street. The deal was initially signed back in June 26, 2017.
Hongkou Soho Tower Acquired by Allianz and Keppel-Owned Funds
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