CRE Herald’s top commercial real estate posts in January

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

Sares Regis raises $328 million for value-add multifamily fund

On October 25, 2019, Sares Regis Multifamily Value-Add Fund III (the “Fund”) announced a final close, raising over $328 million in total equity commitments. Utilizing leverage, the Fund will seek to acquire approximately $1 billion of assets in its target markets.

Real estate investors to focus on offices and alternatives in 2020, says Savills

According to Savills World Research, real estate investors will focus on offices in core city markets around the world in 2020, but with opportunities scarce and yields at record lows, many will be forced to look elsewhere.

UK commercial property investment exceeds £10bn in December 2019 

UK commercial property investment increased by 14.6 percent in December 2019 to £10.2 billion from £8.9 billion recorded in December 2018, according to new research by Colliers International. 

World’s top 20 most dynamic urban centers

Hyderabad is the most dynamic urban center in the world, according to the latest JLL City Momentum Index. The results reveals that Asia Pacific is home to the most dynamic urban centers in the world with three-quarters of the world’s top 20 cities in the region.

German investment firm buys office property in Brisbane, Australia

German investment firm Deka Immobilien has acquired an office property in Brisbane, the capital of the state of Queensland in northeast Australia, for €230 million (app. A$380 million), from a 50:50 joint venture between Lendlease’s Australian Prime Property Fund Commercial and the Abu Dhabi Investment Authority (ADIA).

Aragon sells apartment portfolio to Harbor Group for $1.85bn

Harbor Group International has purchased a portfolio of 36 apartment properties comprising of 13,243 units from Los Angeles-based Aragon Holdings for $1.85 billion.

ESR forms US$500m JV with GIC to invest in China logistics real estate

ESR Cayman Limited, the APAC focused logistics real estate platform, has entered into strategic partnership with Singapore’s sovereign wealth fund GIC to establish a joint venture, with a total equity commitment of US$500 million, to invest in China logistics real estate market.

U.S., Canadian commercial real estate markets expected to perform well in 2020

Transwestern Commercial Services and Devencore has released the results of their 2020 Commercial Real Estate Sentiment Survey, summarizing the firms’ outlook for U.S. and Canadian commercial real estate markets.

Round Hill Capital sells Czech property portfolio for €1.3bn

Round Hill Capital Sells RESIDOMO, the Largest Privately Held Residential Property Portfolio in the Czech Republic, to Heimstaden Bostad AB for €1.3 billion.

South Korean investment in Europe reaches €12.5bn in 2019

South Korean investment into Europe increased by 122% year-on-year in 2019 to €12.5bn (from €5.6bn in 2018) according to the most recent data from Savills.