Here are CRE Herald’s most popular commercial real estate(CRE) posts for the month.
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.
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 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.
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 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).
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 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.
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 RESIDOMO, the Largest Privately Held Residential Property Portfolio in the Czech Republic, to Heimstaden Bostad AB for €1.3 billion.
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.