Longpoint raises $940m for third institutional fund
Boston-based real estate investment firm Longpoint has announced the final closing of its third institutional fund, Longpoint Fund III, L.P. (Fund III).
Fund III was oversubscribed,...
WeWork names new chief executive officer
WeWork has appointed David Tolley as Chief Executive Officer.
Tolley has served as a WeWork Board Member since February 2023 and as interim Chief...
PGIM Real Estate launches innovation lab to develop new real asset technologies
PGIM Real Estate has launched RealAssetX, an innovation lab to research, develop and invest in technology that aims to accelerate advancements in the real...
JLL appoints Patrick Saade as head of global hotels desk
JLL has apponted Patrick Saade as head of the JLL Hotels & Hospitality group global hotels desk.
Saade joins the global Hotels & Hospitality leadership...
Brookfield to acquire Banks Group’s renewable business
North East England family firm The Banks Group is selling its renewable energy division, Banks Renewables, to the global asset manager Brookfield.
The Banks Group,...
Hines to launch new Asian value-add real estate strategy
Hines plans to launch a diversified close-ended, value-add real estate strategy, Hines Asia Real Estate Partners (Harep).
According to the company, Harep will expand...
KKR sells US industrial real estate portfolio for $560m
Global investment firm KKR has divested over 5 million square-feet (SF) of industrial warehouse and distribution properties for over $560 million.
The dispositions were...
Värde raises $1.5bn for asset-based lending opportunities
Global alternative investment firm Värde Partners has raised nearly $1.5 billion for asset-based lending opportunities through The Värde Asset Lending Fund II and related...
CDL acquires residential rental portfolio in Japan from BGO
Singapore-listed global real estate company City Developments Ltd (CDL) has expanded its private rented sector (PRS) portfolio in Japan by acquiring a 25 freehold...
CapitaLand Ascott Trust divests four properties in France for €44m
Singapore-listed lodging trust CapitaLand Ascott Trust (CLAS) has divested four mature serviced residences in regional France for €44.4 million (S$64.7 million).
The four properties...
GLP launches new global data center platform
GLP has launched a new global data center business, Ada Infrastructure.
GLP said, serving the digital infrastructure needs of hyperscale companies and large global enterprises,...
Public Storage completes $2.2bn acquisition of Simply Self Storage
Public Storage has completed the previously announced acquisition of Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion.
The portfolio comprises 127...
