GPT retail portfolio value reduces by 8.8 percent
Australia’s property group and the ASX-listed company GPT Group announced that it has independently revalued its retail portfolio as at 31 May 2020.
The...
Charter Hall buys Sydney logistics facility for $115m
Charter Hall has acquired a Sydney logistics facility at 40-66 Lockwood Drive, Erskine Park for its Charter Hall Prime Industrial Fund (CPIF) and Charter...
Gaw Capital acquires Grade A office building in Hangzhou
Hong Kong-based real estate private equity firm Gaw Capital Partners has acquired Euro America Financial City (EFC) Tower 6, a 46-storey premium Grade A office...
Colliers Canada : 16% of commercial tenants did not pay rent in May
16% of Canadian commercial tenants paid no rent in May 2020 as rent collection continues to decrease during the COVID-19 pandemic, accroding to the...
Ascott Residence Trust to join international real estate investment index
Ascott Residence Trust (ART), the hospitality trust in Asia Pacific, announced it will be included in the FTSE EPRA Nareit Global Real Estate Index...
JC Penney to close 154 stores
JC Penney announced that it plans to close 154 stores as a part of its store optimization strategy. Closing sales are expected to begin...
Citi Private Bank issues Mid-Year Outlook 2020, Investing in a New Economic Cycle
Citi Private Bank recommends major changes in clients’ investment portfolios amid today’s unprecedented conditions
Citi Private Bank today released its Mid-Year Outlook 2020 report, Investing in...
Food Lion to acquire 62 stores across Carolinas and Georgia
Food Lion, based in Salisbury, N.C and a company of Ahold Delhaize USA, the U.S. division of Zaandam-based Ahold Delhaize, has agreed to purchase 62...
Lineage Logistics buys cold storage property portfolio in Chicago
JLL Capital Markets has closed the sale of a three-property cold storage portfolio in Chicago. Lineage Logistics, the Michigan-based temperature-controlled logistics company, has purchased the assets...
Moody’s Analytics Forecast: Resurgence of COVID-19 could cause global economic depression
According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19. Our base...
Savills : Retail sale and leaseback transactions expected to pick up post Covid-19
Retail sale and leaseback (SLB) transactions are expected to pick up again after the Covid-19 pandemic has passed, according to Savills latest Market in...
Allianz, Charter Hall JV acquires Australian logistics portfolio for A$648m
A joint venture between (50:50) Allianz Real Estate and Charter Hall Group managed wholesale fund CPIF has signed a sale and purchase agreement to...
