CRE Herald’s top 10 global commercial real estate (CRE) market news stories for the month.
Canada’s largest pension fund CEO resigns after COVID-19 vaccine travel
Mark Machin, the CEO of Canada’s largest pension fund CPP Investments, has resigned due to mounting criticism after it was revealed that he travelled to the United Arab Emirates, where he received a COVID-19 vaccine.
Aldi to open 100 new stores in U.S this year
Supermarket giant Aldi announced that it will open approximately 100 new stores in the U.S. in 2021 with a focus on Arizona, California, Florida and the Northeast.
CBRE invests $200m in flexible workplace firm Industrious
CBRE Group, Inc. has acquired a 35 percent interest in Industrious, a provider of flexible workplace solutions in the U.S.
Greystar closes Australia multifamily fund at A$1.3bn
Greystar Real Estate Partners has raised A$1.3 billion for its Australian investment vehicle, Greystar Australia Multifamily Venture I (GAMV I), to invest in build-to-rent assets.
BentallGreenOak to acquire Metropolitan Real Estate from Carlyle
BentallGreenOak has signed an agreement to acquire Metropolitan Real Estate Equity, LLC (Metropolitan) from global investment firm The Carlyle Group Inc.
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.
Artemis acquires 10-property medical office portfolio
Artemis Real Estate Partners has purchased a 10-property, Class A medical office portfolio totaling 270,831 square feet in seven states across the U.S.
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 an approximate 31% y-o-y decline from US$17 billion registered in 2019, according to new data published by CBRE.
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 shopping mall in Shanghai, for RMB 2,772 million (HK$3,325 million, appr.US$429m).
Castellum sells 53 properties to Blackstone
Sweden-based real estate company Castellum announced Wednesday that it has agreed to sell a further 53 warehouse/logistics properties to real estate funds managed by Blackstone for net proceeds of SEK 4.8 billion (appr. €476.1m).
CRE Herald is the leading commercial real estate (CRE) news website focusing on domestic and global activities in the industry.
–Information, Insight, Right Decision–
Packed with news, trends, insights and analysis, CRE Herald aims to inform commercial real estate executives, owners, investors, developers, brokers, finance professionals and new players to grow their businesses and make the right decision.
CRE Herald also includes global Real Estate Investment Trust (REIT) industry news with the aim of providing information to the international investors.