Thursday, October 1, 2020

NORTH AMERICA

Dream appoints new CFO

Dream Unlimited Corp. (Dream), a developer of office and residential assets in Toronto, has appointed Deborah Starkman as new Chief Financial Officer...

StepStone Real Estate closes fourth fund at $1.4bn

StepStone Real Estate announced the final closing of StepStone Real Estate Partners IV (SREP IV), its fourth in a series of funds...

U.S GDP plunges 31.4% in Q2 2020

Real gross domestic product (GDP) in the U.S decreased 31.4 percent in the second quarter of 2020, according to the third estimate released...

Urban Visions, Mitsui Fudosan JV to develop Class A office tower in Seattle

The joint venture between Urban Visions and Mitsui Fudosan America will develop The Net, a 36-story, 812,000-rentable-square-foot, Class A office tower in...

U.S commercial and multifamily mortgage debt rises to $3.76tn

U.S commercial and multifamily mortgage debt outstanding increased by $43.6 billion (1.2 percent) in the end of the second quarter, reached to...

Thompson Thrift to develop shopping center in Naperville, Illinois

Thompson Thrift Retail Group, a wholly-owned company of Indianapolis-based Thompson Thrift, has acquired a 4.2 acres of land to develop a $19...

UNITED KINGDOM

Oxford acquires 15-acre site in Heathrow, London

Oxford Properties Group (Oxford), alongside Logistics Capital Partners (LCP), a developer and asset manager of logistics real estate across Europe, has acquired...

NewRiver sells 90% interest in Lisburn retail park

NewRiver REIT plc (NewRiver) has sold 90% of its interest in Sprucefield Retail Park, Lisburn in Northern Ireland, to its joint venture...

BNP Paribas RE hires Paul Nicholls to lead central London development team

BNP Paribas Real Estate has appointed Paul Nicholls to lead its newly created central London Development Team. In his...

Aviva Investors provides £154m refinancing to CLS Holdings

Aviva Investors has provided a £154 million senior debt facility to CLS Holdings plc for the refinancing of UK property portfolio.

Landsec CFO Martin Greenslade to step down

Landsec announced that Martin Greenslade will step down from his role as Chief Financial Officer (CFO) during 2021. Martin Greenslade will continue...

Hammerson appoints Rita-Rose Gagné as new CEO

Hammerson plc (Hammerson) has appointed Rita-Rose Gagné as new Chief Executive Officer (CEO) and Executive Director. Rita-Rose Gagné was...

EUROPE

MOST POPULAR

ASIA PACIFIC

Deka Immobilien acquires office property in Melbourne from Dexus for €280m

Deka Immobilien has acquired an office property in Melbourne, Australia, from Dexus, Australian real estate group, for €280 million.

CMT, CCT unitholders vote in favour of merger to form new REIT

Unitholders of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) have voted in favour of the proposed merger of CMT and...

Singapore’s GIC increases its stake in Australian logistics partnership

GIC, Singapore’s sovereign wealth fund, has increased its stake from 45% to 80% in ESR Australia Logistics Partnership (EALP). ESR Australia will...

Mapletree Group buys commercial office asset in Seoul for S$528.4m

Mapletree Investments Pte Ltd (MIPL) and Mapletree North Asia Commercial Trust (MNACT) have jointly agreed to acquire The Pinnacle Gangnam, an office...

GLP forms JV to expand new energy initiatives in commercial properties

Global investment manager GLP has signed an agreement with Chinese Contemporary Amperex Technology Ltd. (CATL), a battery provider and the largest maker...

WeWork announces $200 million investment in WeWork China led by Trustbridge Partners

Michael Jiang, Operating Partner of Trustbridge Partners, appointed Acting CEO, WeWork China WeWork, the world's leading flexible space provider,...

CRE FINANCE

Aviva Investors provides £154m refinancing to CLS Holdings

Aviva Investors has provided a £154 million senior debt facility to CLS Holdings plc for the refinancing of UK property portfolio.

U.S commercial and multifamily mortgage debt rises to $3.76tn

U.S commercial and multifamily mortgage debt outstanding increased by $43.6 billion (1.2 percent) in the end of the second quarter, reached to...

Aviva Investors provides £38.5m refinancing for commercial property portfolio

Aviva Investors has provided a £38.5 million refinancing facility, a five-year interest-only loan at a fixed rate on behalf of external client...

Blackstone announces $8bn final close for latest real estate debt fund

Blackstone announced the final close of its most recent real estate debt fund, Blackstone Real Estate Debt Strategies IV (BREDS IV). BREDS...

Allianz provides £400m financing for London office portfolio

Allianz Real Estate has provided £400 million (€440 million) long-term financing for the portfolio of five prime freehold central London offices. This...

SL Green completes $600 million refinancing of construction facility at 410 Tenth Avenue

SL Green Realty Corp (NYSE: SLG), Manhattan’s largest office landlord, today announced that it has closed on a new $600.0 million construction...

REIT

CAREERS

Hines appoints Xavier Musseau as Head of Hines France

Hines has appointed Xavier Musseau, senior managing director since July 2019, as president of Hines France effective October 1. Xavier Musseau replaces...

LATEST ARTICLES

Ascendas REIT to buy business parks in US and Singapore for $1.2bn

Ascendas Real Estate Investment Trust (Ascendas Reit) has announced the proposed acquisitions of a portfolio of 28 business park properties located in...

San Francisco Bay Area office campus sold for $115m

Global real estate investment company Kennedy Wilson has acquired Hamilton Landing, a San Francisco Bay Area office campus with seven buildings across...

Real estate investment in Europe reaches €69.5bn in Q3

Total real estate investment in Europe reached €69.5bn in Q3 2019, representing a decrease of 4% on the same period last year...

Service Properties Trust sells office property in Las Vegas for $57m

Service Properties Trust has sold a 138,558 square foot office property located at 1505 South Pavilion Center in Las Vegas, Nevada for...

WeWork announces completion of $1.5bn funding from SoftBank

The We Company, WeWork’s parent organization, and SoftBank Group Corp. announced that WeWork has received $1.5 billion in funding, which was an...

Commercial property portfolio in Austin sold to CIM Group

CIM Group has acquired a 270,000-square-foot commercial property portfolio in Austin, consisting of two office buildings located at 618 Tillery Street and...

ICF moves global headquarters to Comstock’s Reston Station

Global consulting and digital services firm ICF will move its global headquarters to Comstock’s 1902 Reston Metro Plaza at Reston Station in...

UK commercial property market in downturn phase, says RICS survey

Brexit uncertainty is contributing to perceptions that the UK Commercial Property Market is in the downturn phase of the property cycle, according to...

Derwent London first UK REIT to sign Green RCF

Derwent London, the London-focused Real Estate Investment Trust (“REIT”), has agreed and signed a new five-year £450 million revolving credit facility (“RCF”)...

Eurozone GDP rises 0.2% in third quarter

Seasonally adjusted GDP rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28 during the third quarter of...