URW sells Mission Valley shopping centres for $290m
Unibail-Rodamco-Westfield (URW) has completed the sale of both of the parcels which make up the Westfield Mission Valley shopping centres in San Diego, California.
The...
Blackstone to sell self-storage platform for $2.2bn
Blackstone Real Estate Income Trust (BREIT) has agreed to sell Simply Self Storage to Public Storage in the United States for $2.2 billion.
The portfolio...
GIC to buy logistics facility in Japan from Daiwa House
Singapore’s sovereign wealth fund GIC said it would acquire a logistics facility in Yatomi city, part of the Greater Nagoya metropolitan area in ...
Carbon pricing rapidly gaining ‘much needed’ traction in real estate, say ULI and PwC
Global real estate leaders surveyed by the Urban Land Institute (ULI) and PwC believe that the potential of carbon pricing to drive decarbonisation in...
SC Capital Partners consortium pays $900m for Japanese hotel portfolio
Singapore-headquartered private equity real estate firm SC Capital Partners has formed a consortium with Abu Dhabi Investment Authority (ADIA) and Goldman Sachs Asset Management...
Searchlight to acquire Gresham House for £469m
Searchlight Capital Partners, a private equity firm based in the United States, has agreed to acquire UK-based alternative investment manager Gresham House for £469m.
According...
IREIT Global secures lease extension at Berlin Campus
Europe-focused real estate investment trust IREIT Global has secured a six-month lease extension with the long-term main tenant, Deutsche Rentenversicherung Bund (DRV), at Berlin...
European pension fund invests $200m in Australian CRE debt vehicle
Australian commercial real estate investment manager MaxCap Group has taken a A$200 million investment from an unnamed Northern European institutional investor for its commercial...
EQT Exeter closes US industrial real estate fund at $4.9bn
Global real estate investment manager EQT Exeter has closed its EQT Exeter Industrial Value Fund VI at $4.9 billion, exceeding the fund’s $4 billion target.
The...
Cromwell sells stake in Italian logistics fund to Hong Kong investor
Cromwell Property Group has agreed to sell a 50% stake in the Cromwell Italy Urban Logistics Fund assets to Hong Kong-based asset manager Value...
Gaw Capital raises US$3bn for Asia Pacific real estate fund
Gaw Capital Partners has raised US$3 billion for its seventh Asia Pacific real estate fund, Gateway Real Estate Fund VII.
Following a similar opportunistic investment strategy...
OpenAI to open first international office in London
OpenAI, the US-based artificial intelligence (AI) research company and the ChatGPT developer, has announced its first international expansion with a new office in London,...
