Thursday, April 22, 2021

NORTH AMERICA

Crow Holdings sells 2 msf Southern California industrial portfolio for $320m

Crow Holdings has sold a five-property industrial portfolio comprised of 11 buildings to the California State Teachers' Retirement System, CalSTRS, for $320 million. The...

Weingarten Realty to merge with Kimco Realty

Kimco Realty, a shopping center real estate investment trust (REIT) headquartered in Jericho, N.Y., and Weingarten Realty Investors, a shopping center owner, manager and...

UNITED KINGDOM

Hammerson sells UK retail park portfolio to Brookfield for £330m

Hammerson has agreed to sell seven retail park assets to Brookfield for £330 million, representing an 8% discount to the 31 December 2020 book...

Orchard Street signs lease at Farringdon office scheme

Orchard Street Investment Management (Orchard Street) has completed its second letting at the newly refurbished 75 Farringdon Road office building in London’s Midtown, leasing 1,728...

EUROPE

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ASIA PACIFIC

Blackstone acquires Grade-A business park in Singapore

Blackstone Real Estate managed funds have agreed to acquire The Sandcrawler, a Grade-A business park in Singapore for S$176 million from Lucas Real Estate....

ESR, GIC to acquire Australian logistics portfolio from Blackstone for A$3.8bn

ESR Milestone Partnership (EMP), an investment vehicle between Asia Pacific focused logistics real estate platform ESR Cayman Ltd. and Singapore's GIC, has agreed to...

REIT

Supermarket Income REIT buys Tesco store in Colchester for £63m

Supermarket Income REIT has acquired a Tesco supermarket in Colchester, Essex from Standard Life Investments Long Lease Fund for £63 million (excluding acquisition costs)...

Colony Capital sells Dublin office portfolio to Blackstone for €292m

Colony Capital has sold its 74% controlling interest in two office properties located in Dublin’s city center for $351 million (€292 million) to Blackstone...
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CRE FINANCE

CAREERS

Commerz Real appoints new CEO as Gabriele Volz leaves company

Commerz Real announced on Friday that Gabriele Volz, the chief executive officer of Commerz Real, will leave the company on 30 April 2021. Gabriele Volz...
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