Thursday, February 25, 2021

NORTH AMERICA

Gap to build new distribution center in Longview, Texas

Gap Inc. announced Wednesday that it will invest $140 million to build a new distribution center in Longview, Texas to reach its future plans...

JLL Income Property Trust buys life sciences building in New Jersey for $47m

JLL Income Property Trust has purchased 170 Park Avenue, a 147,000-square-foot, purpose-built life sciences building in Florham Park, New Jersey for $47 million. The property...

Morgan Properties, Olayan America buy massive multifamily portfolio for $1.75bn

Morgan Properties and Olayan America have acquired a portfolio of 48 apartment communities and 14,414 units in 11 states for $1.75 billion. The joint venture...

Marriott appoints Anthony Capuano as new CEO

Marriott International has appointed Anthony Capuano as new chief executive officer (CEO), effective immediately. Prior to this appointment, Anthony Capuano, 55, was previously group president,...

Michelin-leased distribution facility in Chicago sells for $135m

Bahrain-based investment firm GFH Financial Group has acquired a distribution facility in Chicago, Illinois for US$135 million. The real estate asset has been leased since...

Hines Global buys second asset in Santa Clara

Hines Global Income Trust, Inc. has acquired a single-tenant office, research and development building at 5301 Patrick Henry Drive in Santa Clara, California. This one-story,...

UNITED KINGDOM

Curlew Capital gets approval for PBSA development in Stratford, London

UK-based alternative real estate investment business Curlew Capital has has received planning approval for a 282-room purpose built student accommodation (PBSA) development in Stratford, East London....

City of London approves 38-storey office development at 2 Finsbury Avenue

The City of London Corporation has approved a new 38-storey office tower development at 2 Finsbury Avenue, in the Square Mile in 2021. The development...

Ares Management, Generation buy PBSA assets in UK for £157.5m

A joint venture between a fund managed by the Ares Real Estate Group and Generation Partners has acquired two purpose-built student accommodation (PBSA) assets...

Edmond de Rothschild REIM raises €250m for real estate debt fund

Edmond de Rothschild Real Estate Investment Management (REIM) has raised an initial €250 million for its new European real estate debt fund. The fund focuses...

Aviva Investors appoints new CIO for real assets business

Aviva Investors has appointed Daniel McHugh as chief investment officer (CIO) of its £47.3 billion Real Assets business. This follows the appointment in January...

JV buys The Moor in Sheffield for £41m

NewRiver REIT and its joint venture partner RAVO Strategies III LLC have agreed to acquire The Moor, a 28 acre estate in Sheffield city...

EUROPE

MOST POPULAR

ASIA PACIFIC

Top destinations for Asian outbound real estate investment in 2020

Singapore topped Asian outbound real estate investment for the third consecutive year, accounting for US$12.1 billion worth of deals in 2020 – albeit reflecting...

Link REIT buys 50% interest in Shanghai shopping mall for $429m

Hong Kong-listed Link Real Estate Investment Trust (Link REIT) announced Wednesday that it has agreed to acquire 50% interest in Qibao Vanke Plaza, a...

IKEA’s shopping malls arm Ingka Centres enters Indian market

Swedish home furnishings retailer IKEA’s shopping malls business Ingka Centres has entered the Indian market by acquiring a major land in Uttar Pradesh, India. The 47,833...

CDL acquires majority stake in Shenzhen tech park

City Developments Limited (CDL) said on Monday that it has entered into agreements to acquire 55% interest in a tech park in Shenzhen, China...

Lendlease sells 25% interest in retirement living business to Aware Super

Lendlease announced on Friday that one of Australia’s largest superannuation funds, Aware Super, had entered into an agreement to acquire a 25 per cent...

Accor sells stake in Huazhu for €239m

Accor has sold a 1.5% stake in Huazhu Group Limited, a multi-brand hotel management company in China, for €239 million. Accor said, after this transaction, it owns a 3.3% stake in Huazhu and...

REIT

JLL Income Property Trust buys life sciences building in New Jersey for $47m

JLL Income Property Trust has purchased 170 Park Avenue, a 147,000-square-foot, purpose-built life sciences building in Florham Park, New Jersey for $47 million. The property...

Link REIT buys 50% interest in Shanghai shopping mall for $429m

Hong Kong-listed Link Real Estate Investment Trust (Link REIT) announced Wednesday that it has agreed to acquire 50% interest in Qibao Vanke Plaza, a...

Hines Global buys second asset in Santa Clara

Hines Global Income Trust, Inc. has acquired a single-tenant office, research and development building at 5301 Patrick Henry Drive in Santa Clara, California. This one-story,...

JV buys The Moor in Sheffield for £41m

NewRiver REIT and its joint venture partner RAVO Strategies III LLC have agreed to acquire The Moor, a 28 acre estate in Sheffield city...

Assura acquires healthcare property developer

Assura said on Friday that it has completed the acquisition of primary care developer Apollo Capital Projects Development Limited (Apollo). Apollo has over 20 years...

Urban Logistics adds six assets to portfolio for £27.8m

UK logistics REIT Urban Logistics has purchased six logistics assets for a total consideration of £27.8 million, reflecting a 6.9% net initial yield (NIY). On...

CRE FINANCE

Edmond de Rothschild REIM raises €250m for real estate debt fund

Edmond de Rothschild Real Estate Investment Management (REIM) has raised an initial €250 million for its new European real estate debt fund. The fund focuses...

CAREERS

PGIM Real Estate announces appointments for its European platform

PGIM Real Estate announced several senior appointments for its European platform. Sebastiano Ferrante, currently head of Germany and Italy, will become deputy head of Europe....

LATEST ARTICLES

Curlew Capital gets approval for PBSA development in Stratford, London

UK-based alternative real estate investment business Curlew Capital has has received planning approval for a 282-room purpose built student accommodation (PBSA) development in Stratford, East London....

AEW launches urban logistics platform with €475m of initial equity

AEW has launched a new urban logistics and light industrial platform (ULLIS) with €475 million of start-up equity. AEW said the platform is structured as...

Top destinations for Asian outbound real estate investment in 2020

Singapore topped Asian outbound real estate investment for the third consecutive year, accounting for US$12.1 billion worth of deals in 2020 – albeit reflecting...

Gap to build new distribution center in Longview, Texas

Gap Inc. announced Wednesday that it will invest $140 million to build a new distribution center in Longview, Texas to reach its future plans...

JLL Income Property Trust buys life sciences building in New Jersey for $47m

JLL Income Property Trust has purchased 170 Park Avenue, a 147,000-square-foot, purpose-built life sciences building in Florham Park, New Jersey for $47 million. The property...

City of London approves 38-storey office development at 2 Finsbury Avenue

The City of London Corporation has approved a new 38-storey office tower development at 2 Finsbury Avenue, in the Square Mile in 2021. The development...

Link REIT buys 50% interest in Shanghai shopping mall for $429m

Hong Kong-listed Link Real Estate Investment Trust (Link REIT) announced Wednesday that it has agreed to acquire 50% interest in Qibao Vanke Plaza, a...

PGIM Real Estate announces appointments for its European platform

PGIM Real Estate announced several senior appointments for its European platform. Sebastiano Ferrante, currently head of Germany and Italy, will become deputy head of Europe....

Morgan Properties, Olayan America buy massive multifamily portfolio for $1.75bn

Morgan Properties and Olayan America have acquired a portfolio of 48 apartment communities and 14,414 units in 11 states for $1.75 billion. The joint venture...

Ares Management, Generation buy PBSA assets in UK for £157.5m

A joint venture between a fund managed by the Ares Real Estate Group and Generation Partners has acquired two purpose-built student accommodation (PBSA) assets...