Here are CRE Herald most popular commercial real estate(CRE) posts for the month.
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.
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.
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).
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).
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.
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-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 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.
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).
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.