Here are CRE Herald most popular commercial real estate(CRE) posts for the month.
Lendlease, PSP Investments to develop €2.5bn urban regeneration project in Milan
International property and infrastructure group, Lendlease, has established a partnership with PSP Investments, one of Canada’s largest pension investment managers, for the development and ownership of a major urban regeneration project, Milano Santa Giulia, in Milan.
Commercial/multifamily mortgage debt in U.S rises to $3.72 trillion
The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion (1.7 percent) in the first quarter of 2020, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Link REIT to acquire Grade A office building in Canary Wharf for £380m
Hong Kong-listed Link Real Estate Investment Trust (Link REIT), managed by Link Asset Management Limited, announced that it has agreed to acquire The Cabot, 25 Cabot Square, a Grade A office building in Canary Wharf, London for £380 million (HK$3,768.5 million).
Blackstone Strategic Partners closes seventh real estate secondaries fund at $1.9bn
Strategic Partners, Blackstone’s secondary and fund solutions business, announced the final close on $1.9 billion for Strategic Partners Real Estate VII L.P. and its related committed program vehicles (collectively SP Real Estate VII).
Colony Capital forms $3.5bn strategic partnership with Vantage Data Centers
Vantage Data Centers, a global provider of hyperscale data center campuses, and an investor group led by Colony Capital, Inc. have entered into a definitive agreement to form a strategic partnership valued at $3.5 billion to accelerate the expansion of Vantage’s wholesale data centers throughout North America and Europe.
CBRE: New York City retail sector adapt to new reality
New York City’s retail sector experienced significant deceleration in leasing activity in the first half of 2020 intensified by the COVID-19 pandemic, according to CBRE’s Q2 2020 Manhattan Retail MarketView.
Singapore’s OUE to sell iconic Class A office property in Los Angeles for $430m
Singapore-listed property developer OUE Limited will sell the U.S. Bank Tower, a Class A office property located in downtown Los Angeles, California for US$430 million (S$597.7 million).
Brookfield announces initial close of first European core-plus real estate fund
Brookfield Asset Management Inc.(Brookfield) announced the initial closing of its first European core-plus real estate fund, Brookfield European Real Estate Partnership(BEREP), with total equity commitment to date of €725 million.
ESR, Manulife JV buys logistics real estate portfolio in China
A joint venture between ESR and Manulife has acquired four institutional-grade logistics properties from Redwood China Logistics Fund (RCLF) for approximately RMB1.7 billion (approximately US$243 million).
The 10 largest real estate investment managers in the world
Total real estate assets under management (AUM) stands at €3.2 trillion at the end of 2019, representing an increase of 15.7% from the €2.8 trillion recorded at the end of 2018, according to the Fund Manager Survey 2020, published by ANREV, INREV and NCREIF.
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