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;
1- 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.
2- Bill Gates’ Cascade Investment, GIC buy stakes in StorageMart
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.
3- Park Tower in Sacramento sold for $165.5m
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.
4- Amazon to invest $1.4bn in new offices across six cities in United States
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.
5- Goldman Sachs and Wellcome sell iQ Student Accommodation to Blackstone for £4.66bn
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.
6- Alibaba to invest $3.6bn in Chinese supermarket chain Sun Art
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.
7- Aberdeen Standard to sell €2.3bn Nordic real estate business
DEAS Group, the asset and property management group in Denmark, is acquiring a Nordic real estate business from Aberdeen Standard Investments (ASI).
8- Carlyle acquires UK senior housing developer Beechcroft
Global investment firm The Carlyle Group has acquired Beechcroft, a UK developer specialising in for-sale senior housing, from Alchemy Partners.
9- Hong Kong’s FEC acquires Ensign House in Canary Wharf, London
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.
10- CBRE expects recovery in U.S. commercial real estate sectors next year
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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