CRE Herald team wishes you a happy new year and all the best for 2021. CRE Herald presents top 10 most read commercial real estate (CRE) news stories of 2020.
Top 10 most read news stories;
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.
Singapore’s sovereign wealth fund GIC, along with Bill Gates’ Cascade Investment, L.L.C. and other investors have acquired stakes in StorageMart, the largest privately owned self-storage company in the world.
KBS Assisted in the Acquisition of Park Tower in Sacramento, California; Class A Office Tower for $165.5 Million on Behalf of Prime US REIT.
Amazon announced that it plans to create 3,500 new tech and corporate jobs across six cities in the United States. The company will expand its Tech Hubs in Dallas, Detroit, Denver, New York (Manhattan), Phoenix, and San Diego.
Goldman Sachs Merchant Banking Division (Goldman Sachs) and the Wellcome Trust (Wellcome) have agreed to sell iQ Student Accommodation (iQ) to Blackstone for £4.66 billion.
Alibaba Group Holding Limited will invest USD3.6 billion to acquire a controlling stake in Sun Art Retail Group Limited, a hypermarket and supermarket operator in China.
DEAS Group, the asset and property management group in Denmark, is acquiring a Nordic real estate business from Aberdeen Standard Investments (ASI).
Global investment firm The Carlyle Group has acquired Beechcroft, a UK developer specialising in for-sale senior housing, from Alchemy Partners.
Hong Kong Stock Exchange-listed company Far East Consortium International Limited (FEC) has acquired Ensign House, an office property in Canary Wharf, London for £28,250,000.
CBRE expects that 2021 will see a strengthened recovery of all U.S. commercial real estate sectors as the broader economy bounces back from the pandemic-induced recession and even as a potentially split federal government tempers fiscal stimulus plans.
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