NEWS - CRE Herald

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

Multifamily 24/02/2021

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

CAREERS 24/02/2021

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

Industrial 23/02/2021

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

North America 22/02/2021

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

Alternatives

Curlew Capital gets approval for PBSA development in Stratford, London

25/02/2021

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....

Office

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

24/02/2021

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

Alternatives 24/02/2021

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

CRE FINANCE 23/02/2021

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

CAREERS 22/02/2021

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

REIT 22/02/2021

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

Europe

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

25/02/2021

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...

PGIM Real Estate announces appointments for its European platform

CAREERS 24/02/2021

Angelo Gordon, Marcol launch European self storage platform

Alternatives 24/02/2021

Trammell Crow to launch logistics development business in Europe

Europe 23/02/2021

Blackbrook buys convenience store portfolio in Spain

Europe 23/02/2021

MOST POPULAR

Acore raises $1bn to provide rescue capital to North American hotels

Acore raises $1bn to provide rescue capital to hotels

19/02/2021

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

24/02/2021

Grosvenor agrees to sell shopping center in Stockholm

18/02/2021

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

25/02/2021

Angelo Gordon, Marcol launch European self storage platform

24/02/2021

ASIA PACIFIC

Asia Pacific

Top destinations for Asian outbound real estate investment in 2020

25/02/2021

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...

Asia Pacific

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

24/02/2021

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

Asia Pacific 22/02/2021

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

Asia Pacific 22/02/2021

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

Asia Pacific 19/02/2021

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

Asia Pacific 19/02/2021

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

Alternatives

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

24/02/2021

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...

Asia Pacific

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

24/02/2021

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

North America 22/02/2021

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

REIT 22/02/2021

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

Alternatives 19/02/2021

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

Industrial 19/02/2021

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

23/02/2021

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...

Acore raises $1bn to provide rescue capital to hotels

19/02/2021

M&G provides £85m loan facility to Civitas

19/02/2021

Aviva Investors provides £39.9m refi for light industrial portfolio

09/02/2021

Investec provides £23.7m loan for residential development in London

25/01/2021

CAREERS

PGIM Real Estate announces appointments for its European platform

24/02/2021

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....

Marriott appoints Anthony Capuano as new CEO

24/02/2021

Aviva Investors appoints new CIO for real assets business

22/02/2021

Grainger appoints Robert Hudson as next CFO

18/02/2021

JLL appoints Gilda Perez-Alvarado as global CEO, hotels & hospitality

17/02/2021

LATEST ARTICLES

Alternatives

Curlew Capital gets approval for PBSA development in Stratford, London

25/02/2021

Europe

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

25/02/2021

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...

Asia Pacific

Top destinations for Asian outbound real estate investment in 2020

25/02/2021

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...

Industrial

Gap to build new distribution center in Longview, Texas

24/02/2021

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

Alternatives

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

24/02/2021

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...

Office

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

24/02/2021

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...

Asia Pacific

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

24/02/2021

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...

CAREERS

PGIM Real Estate announces appointments for its European platform

24/02/2021

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....

Multifamily

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

24/02/2021

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...

Alternatives

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

24/02/2021

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...

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