Friday, February 28, 2020

NORTH AMERICA

Google announces $10 billion investment for 2020 in U.S

Sundar Pichai, CEO of Google and Alphabet announced that Google will invest more than $10 billion in offices and data centers across...

U.S commercial property prices continue to rise in January

U.S commercial property prices rose 7.0% y-o-y in January and gained 0.5% on the month, in line with recent increases, according...

Ocean West led group buys student housing property at UC Davis

An investment group led by Ocean West Capital Partners (Ocean West), Tiger Alternative Investors, Ltd., Korea Investment & Securities Co., Ltd. and...

Park Tower in Sacramento sold for $165.5m

KBS Assisted in the Acquisition of Park Tower in Sacramento, California; Class A Office Tower for $165.5 Million on Behalf of Prime...

San Francisco tops Milken Institute’s 2020 ranking of best-performing cities

Propelled by its capacity for innovation, unparalleled ecosystem, and exceptionally strong wage growth, the San Francisco metropolitan area was ranked first in...

biproxi buys commercial real estate listing site OfficeSpace.com

Commercial real estate platform biproxi announced that it has acquired OfficeSpace.com, a commercial real estate (CRE) data and listing website.

UNITED KINGDOM

Helical sells office campus in London for £41.58m

London-based property developer Helical plc has sold Power Road Studios, a multi-let office campus in Chiswick, London W4, to a private UK...

KanAm Grund Group buys office building in Dublin

KanAm Grund Group, an international real estate investment, consultancy and asset management company, has purchased One Upper Hatch Street, the fully let office...

Singapore’s CapitaLand buys business park in UK for £129m

CapitaLand, one of Asia’s largest diversified real estate groups, headquartered and listed in Singapore, has signed an agreement to acquire Arlington Business...

Goldman Sachs and Wellcome sell iQ Student Accommodation to Blackstone for £4.66bn

Goldman Sachs Merchant Banking Division (Goldman Sachs) and the Wellcome Trust (Wellcome) have agreed to sell iQ Student Accommodation (iQ) to Blackstone...

Commercial property sales in Scotland hit £3,37bn in 2019

The total value of commercial property sales in Scotland grew in 2019 for the third consecutive year. According to Scottish Property...

AXA IM – Real Assets acquires office building in Dublin’s financial centre

AXA Investment Managers - Real Assets (AXA IM - Real Assets) announced that it has exchanged on the acquisition of the La...

EUROPE

Skanska sells office building in Solna, Sweden for €310m

Skanska has sold an office building, Solna United, in Solna, Sweden, for SEK3.3 billion(app. €310 million) to a fund managed by DWS....

MOST POPULAR

ASIA PACIFIC

Taubman sells interest in China shopping center to Blackstone

Taubman Centers, Inc., an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional...

Cromwell sells 50% stake in Chatswood office building for A$120m

Cromwell Property Group has sold a 50% stake in 475 Victoria Avenue, Chatswood, a business centre in Sydney’s North Shore region, for...

KKR, IGIS and SK D&D acquire Namsan Square in Seoul

Global investment firm KKR, Korea’s largest real estate fund manager IGIS Asset Management (“IGIS”), and leading Korean real estate developer SK D&D...

New World sells interests in two Hong Kong shopping malls for HK$3bn

New World Development Company Limited (NWD) has sold all of its economic interests in two shopping malls to MTR Corporation for HK$3...

Commerz Real buys hotel in Kyoto, Japan for €200m

Commerz Real, a subsidiary of Commerzbank AG, has acquired a hotel, Onyado Nono in Kyoto, Japan for €200 million for its open-ended...

Singapore real estate market to remain resilient in 2020: CBRE

According to CBRE’s latest research report “Real Estate Market Outlook 2020 – Singapore”, the property market in Singapore is expected to remain...

CRE FINANCE

Kimco Realty announces new $2bn revolving credit facility

Kimco Realty Corp. (NYSE:KIM) announced that it has closed on a new $2.0 billion unsecured revolving credit facility with commitments from 21...

CIT arranges $66m financing for acquisition of industrial properties

CIT Group's Real Estate Finance business, part of its Commercial Finance division, has arranged $66 million in financings on behalf of BKM Capital Partners, a real estate...

intu agrees extension of its revolving credit facility

intu, the owner and manager of prime shopping centres in the UK, has agreed terms for an amendment and extension of its...

3650 REIT originates $35m loan to complete Tacoma multifamily development

3650 REIT (“3650”), a nationwide commercial real estate lender originating and servicing portfolio loans for relationship borrowers, has originated a nearly $35...

Slate Retail REIT completes $858m debt refinancing

Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, announced it has completed...

Octopus Real Estate provides £29.6m development loan for mixed-use site in London

Octopus Real Estate, part of Octopus Group and UK-based real estate lender and investor, has signed an agreement with Matching Green to...

REIT

CAREERS

ESR Australia announces management team appointments

ESR Australia announced a new management team appointments for New South Wales, Victoria and Queensland states. The company has appointed Scott Falvey...

LATEST ARTICLES

Frasers Logistics & Industrial Trust to join FTSE EPRA/NAREIT index

Frasers Logistics & Industrial Trust announced that FLT will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed...

Bank of Sydney to purchase CBD building in Sydney

Bank of Sydney will acquire 62 Pitt Street Sydney, accroding to the bank's statement.Bank of Sydney plans to make the CBD building...

TIER REIT acquires land site in Atlanta

Dallas-based real estate investment trust TIER REİT has acquired a prime three-acre a land site located on 3354 Peachtree Road in the...

Elanor Investors Group acquires commercial office property in Perth

Elanor Investors Group, ASX-listed an investment and fund management business (“ENN” or “Group”), announced that it has launched a new fund management...

Granite Point Mortgage Trust announces closing of $825 mln CRE CLO

Granite Point Mortgage Trust Inc. announced the closing of GPMT 2019-FL2, an $825.0 million managed Commercial Real Estate Collateralized Loan Obligation (“CRE...

Echo Investment to build new office project in Wroclaw

Echo Investment, the largest Polish developer, will build a new office project, West 4 Business Hub ,in Wroclaw, located on Na Ostatnim...

Genesta sells CBD office property in Oslo

Genesta has sold the CBD office property Dronning Mauds gate 15 on behalf of Genesta Nordic Real Estate Fund II to...

URW sells its stake in Jumbo shopping centre,Helsinki

Unibail-Rodamco-Westfield (URW) has sold its 34% stake in the Jumbo shopping centre in Helsinki, Finland, to current co-owner Elo Mutual Pension Insurance...

Singapore’s CDL continues to invest in UK private rented sector

Global real estate operating company City Developments Limited (CDL) has expanded into the United Kingdom (UK) Private Rented Sector (PRS) with the...

Brisbane office tower sold to joint venture by JLL

Brisbane office tower, 288 Edward Street, was purchased by a new joint venture led by Heitman and Marquette and sale process managed...