Sunday, May 31, 2020

NORTH AMERICA

TPG RE Finance Trust announces strategic investment from Starwood Capital

TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that it has entered into a definitive investment agreement...

Paramount completes sale of 10% interest in 1633 Broadway

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has completed the sale of a 10% interest in...

Deka Immobilien buys Class A office building in Chicago

German real estate firm Deka Immobilien has acqıuired 905 W. Fulton Market, a Class A, 98,000-square-foot office building in Chicago, from Thor...

CIM Group acquires industrial property in Fort Worth, Texas

CIM Group has acquired Junction 20/35, an industrial property located at 7550 Oak Grove Road in South Fort Worth, Texas.

JCPenney reopens 150 stores across U.S

JCPenney reopened 150 stores in 27 states, bringing the total to 304 reopened stores nationwide after temporarily closing due to the Coronavirus...

Tuesday Morning files for bankruptcy protection

Off-price retailer Tuesday Morning Corp. has filed voluntary petitions for protection under Chapter 11 of the Bankruptcy Code in response to the...

UNITED KINGDOM

IPUT secures largest green revolving credit facility in Irish real estate market

IPUT Real Estate, Ireland’s property company and the largest owner of offices and logistics assets in Dublin, has secured an upsized €300...

Capco confirms discussions to buy stake in Shaftesbury

Capital & Counties Properties PLC (Capco), one of the largest listed property companies in central London, listed on the London Stock Exchange...

Hammerson CEO David Atkins to step down

David Atkins announced he has decided to step down as chief executive of Hammerson plc with the agreement of the Board. He...

Joint venture to buy stake in Sainsbury’s supermarket portfolio for £102m

UK supermarket real estate investor Supermarket Income REIT has formed a 50:50 joint venture (JV) with British Airways Pension Trustees Limited (BAPTL), acting on behalf...

Gazeley leases 186,000 sq ft unit at Magna Park Lutterworth site to Bleckmann

Gazeley has leased a 186,000 sq ft unit at its Magna Park Lutterworth site to Bleckmann, a market leader in Supply Chain...

Legal & General sells London retail asset for £25m

Legal & General, on behalf of its BMW (UK) Trustees fund, has sold 36-46 St John’s Road, Clapham Junction, a prime London...

EUROPE

MOST POPULAR

ASIA PACIFIC

Allianz acquires prime multifamily property portfolio in Tokyo for €110m

Allianz Real Estate has acquired a prime multifamily property portfolio in Tokyo for €110 million. The portfolio comprises 11 newly built assets...

CapitaLand gets largest sustainability-linked loan in Singapore’s real estate sector

CapitaLand has obtained a S$500 million sustainability-linked loan from United Overseas Bank (UOB).The loan is the largest sustainability-linked bilateral loan in Singapore’s...

Warburg Pincus to increase its stake in Singapore’s ARA

U.S. private equity firm Warburg Pincus will increase its stake in Singapore-listed real estate fund manager ARA Asset Management Ltd (ARA) to...

PATRIZIA invests in Asian PropTech venture capital platform

PATRIZIA AG has entered into a partnership with the Asian PropTech venture capital platform, Taronga Ventures, participating in the most recent close...

Actis sells office property in Seoul

Actis, a global emerging markets investment firm, has sold Young City, a grade-A twin tower office building located in southwest of Seoul,...

Mirvac, Coombes receive planning approval for Sydney mixed-use project

Mirvac Group and Coombes Property Group have received planning consent from the City of Sydney, through its Central Sydney Planning Committee, for...

CRE FINANCE

TPG RE Finance Trust announces strategic investment from Starwood Capital

TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that it has entered into a definitive investment agreement...

IPUT secures largest green revolving credit facility in Irish real estate market

IPUT Real Estate, Ireland’s property company and the largest owner of offices and logistics assets in Dublin, has secured an upsized €300...

Allianz Real Estate secures first third-party investor for its €3bn debt fund

Allianz Real Estate has secured its first third-party client for its €3 billion Luxembourg-based debt fund. German pension fund Bayerische Versorgungskammer (BVK)...

CapitaLand gets largest sustainability-linked loan in Singapore’s real estate sector

CapitaLand has obtained a S$500 million sustainability-linked loan from United Overseas Bank (UOB).The loan is the largest sustainability-linked bilateral loan in Singapore’s...

Gaw Capital secures mezzanine loan for office building in Docklands, London

Real estate private equity firm Gaw Capital Partners has raised GBP 28.5 million in mezzanine financing to refinance its preferred equity on...

Greystone provides $76.7m refi for multifamily property in Huntingdon Valley, PA

Greystone has provided a $76,700,000 Fannie Mae Delegated Underwriting and Servicing (DUS®) loan to refinance Meadowbrook Apartments, a 531-unit multifamily property in Huntingdon...

REIT

CAREERS

Hammerson CEO David Atkins to step down

David Atkins announced he has decided to step down as chief executive of Hammerson plc with the agreement of the Board. He...

LATEST ARTICLES

Regional REIT buys Norfolk House, Birmingham central office for £20m

Regional REIT Limited has acquired the Norfolk House, Smallbrook Queensway, Birmingham, for a consideration of £20m with a current net initial yield of 7.92%, in...

LBBW agrees to provide €1.1 billion for the redevelopment of the Potsdamer Platz,Berlin

Landesbank Baden-Württemberg (LBBW) has agreed to provide EUR 1.1bn long-term financing to Brookfield Properties for the redevelopment of the Potsdamer Platz, Berlin....

Australian global insurer QBE to join Victoria Harbour’s latest commercial building

Australian global insurer QBE will join anchor tenant ANZ in Victoria Harbour’s latest commercial building at 839 Collins Street, according to Lendlase's latest...

Brookfield closes US$15 billion Global Real Estate Fund

Brookfield Asset Management announced the closing of its latest flagship global private real estate fund, Brookfield Strategic Real Estate Partners III (BSREP...

Michael O’Brien to become Managing Director, Global Real Estate at QIC

Mr Michael O’Brien has resigned as Chief Financial Officer (CFO) of Vicinity to become Managing Director, Global Real Estate at QIC, according...

Green light for £1bn Olympia London project

Deutsche Finance International and YOO Capital 's £1bn project to turn Olympia London into a world-leading cultural hub has been...

Canada’s Avison Young completes acquisition of U.K.-based GVA

Canada based global commercial real estate services firm Avison Young has completed the acquisition of U.K.-based GVA, real estate advisory firm .

LaSalle signs office lease agreement with Memorial Sloan Kettering in Manhattan

LaSalle Investment Management and William Macklowe Company have signed a long-term office lease agreement with Memorial Sloan Kettering for a new six-story...

Canada’s Ivanhoé Cambridge and Oxford Properties jointly to invest in IDI Logistics

Canada's Ivanhoé Cambridge and Oxford Properties announced that they have signed a 50-50 joint venture partnership agreement to invest in recently acquired...

Vornado completes $167.5 million refinancing of Manhattan office building

Vornado Realty Trust has completed a $167.5 million refinancing of 61 Ninth Avenue, released in a statement. The 170,000 square foot newly...