Here are ten of our most popular articles for the month.
Investors raise record levels of capital into real estate in 2018
A record €161.7 billion ($182 billion) of capital was raised for investment into real estate around the world in 2018, according to the Capital Raising Survey 2019, published by ANREV, INREV and NCREIF.
World’s most expensive cities for expat rental costs
According to the latest research published by ECA International, Hong Kong is still the most expensive location in the world for expat rentals with average monthly costs of USD 10,929. Rental prices increased by 4.9% from last year
Marriott International to build world’s tallest modular hotel in New York City
Marriott International will build the world’s tallest modular hotel in New York City.It is expected to open in late 2020 as the AC Hotel New York NoMad.
Blackstone announces conversion to a corporation
Blackstone, the world’s biggest landlord, with $159 billion of real estate assets under management, announced that it will convert to a corporation from a publicly traded partnership. It is expected to be effective July 1, 2019.
Americold Realty Trust to acquire Cloverleaf Cold Storage for 1.24b
Americold Realty Trust announced that it has entered into a definitive agreement to acquire privately-held Chiller Holdco, LLC (“Cloverleaf Cold Storage” or “Cloverleaf”) from Cloverleaf management and an investor group led by private equity funds managed by Blackstone for a purchase price of $1.24 billion.
What is real estate investment trust (REIT)?
A real estate investment trust (REIT) is simply a particular type of company such as an investment fund or security that owns, operates, acquires, develops, manages real estate assets or an income-producing properties. A real estate investment trust invests in real estate based capital market instruments and rights.
UK commercial property returns 0.7% in Q1 2019
Capital values fell by -0.2% across UK Commercial property in March 2019, according to the latest CBRE Monthly Index.
European real estate assets record strong income and capital growth
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has released its annual Asset Level Index report which is a new annual and quarterly pan-European index measuring real estate asset level performance covering around 20 national markets and all key real estate sectors in Europe.
U.S office asking rents continue to trend higher, says Cushman & Wakefield
Asking rents trended higher, remaining in record territory, while the U.S. office market posted its 34th consecutive quarter of positive absorption, according to Cushman & Wakefield’s Q1 U.S. Office MarketBeat.
Cromwell buys Pirelli Tyre facility in Milan for Korean capital partner
Real estate investor and manager, Cromwell Property Group (Cromwell) has acquired the Pirelli Tyre facility in Milan on behalf of a new Korean capital partner, Korea Investment Management Co., Ltd (KIM).
SEE ALSO : CRE Herald’s top 10 posts in March
