Saturday, December 5, 2020

NORTH AMERICA

KKR buys two industrial distribution properties in Texas for $171m

KKR announced that it has purchased two industrial distribution properties in Texas totaling approximately 1.8 million square feet from Hines which developed the assets for $171 million. The...

Skanska plans to develop Class-A office building in Boston

Construction and development company Skanska has acquired about 2,787 square meters of land in Boston, Massachusetts from John Hancock Life Insurance Company for...

Iron Mountain sells 13 industrial facilities to Blackstone for $358m

Iron Mountain announced that it has sold a portfolio of 13 industrial facilities to Blackstone Real Estate Income Trust, Inc. (BREIT) for $358 million...

Allianz Real Estate acquires 49% interest in U.S industrial portfolio

Crow Holdings has formed a joint venture with Allianz Real Estate through the direct sale of a 49% stake in a 19-asset, 6.1 million-square-foot...

Stockbridge forms industrial real estate JV with Korean pension fund

Real estate investment management firm Stockbridge announced that it has formed a joint venture with the National Pension Service of Korea (NPS) to acquire...

Amazon to create more than 2,000 jobs in Nevada

Amazon.com, Inc. will create more than 2,000 new permanent full- and part-time jobs in Nevada with eight new buildings across the state to support customer fulfillment...

UNITED KINGDOM

Landsec sells London office assets to Sun Venture for £552m

Landsec has agreed to sell 1 & 2 New Ludgate, a combined 389,615 sqft of office and retail assets in London, to Sun Venture,...

Derwent London to sell office complex for £170m

Derwent London has exchanged contracts to sell Johnson Estate in London, an office complex comprising 4 adjacent buildings, including The Johnson Building, to Eurazeo...

Landsec gets planning permission for London office scheme

Landsec secured planning permission for Timber Square, its proposed 370,000 sq ft office development in Lavington Street, London.  Timber Square will be a net zero...

JV acquires Dagenham site to develop £50m industrial scheme

A joint venture (JV) between a fund managed by Credit Suisse Asset Management Global Real Estate, Chancerygate and Hines has acquired a six-acre site in Dagenham, East...

Aviva Investors lets warehouse asset in Northampton

Aviva Investors has completed the letting of a 5,481 sqm (59,000 sq ft) warehouse asset at Swan Valley Industrial Estate in Northampton, to Fisher &...

Debenhams set to close 124 stores in UK

Debenhams has confirmed that its administrators, FRP Advisory, have concluded the initial sale process that was part of their assessment of options for the...

EUROPE

European commercial real estate market well positioned for recovery, says CBRE

European commercial real estate market is well positioned for a recovery despite the severe impact on economic activity triggered by the Covid-19 pandemic, according...

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ASIA PACIFIC

Oxford enters Melbourne build to rent market

Canada's Oxford Properties (Oxford) has entered the Melbourne build to rent market by acquiring a site at 3 McNab Avenue in Footscray, Melbourne. Oxford said...

Keppel raises US$400m for Vietnam-focused real estate fund

Keppel Capital, the asset management arm of Keppel Corporation and Keppel Land, the property arm of Keppel Corporation, have jointly launched the Keppel Vietnam...

AXA IM – Real Assets acquires data centre in Tokyo for €180m

AXA Investment Managers - Real Assets (AXA IM - Real Assets) has acquired a data centre in Tokyo for a c. ¥22 billion (c. €180 million)....

CapitaLand sells three retail malls in Japan, office building in Korea for S$448.7m

CapitaLand announced that it has sold three retail malls in Japan and an office building in Korea for a total of S$448.7 million as...

GPT sells 25 percent share in Sydney office building for A$584.6m

Australian property group GPT Group (GPT) has agreed to sell its 25 percent share in 1 Farrer Place, Sydney to the Lendlease managed Australian...

Stockland appoints Tarun Gupta as next Managing Director and CEO

Tom Pockett, Chairman of Stockland, announced that the Board has appointed Tarun Gupta as Stockland’s next Managing Director and Chief Executive Officer (CEO). Tarun Gupta...

REIT

Landsec sells London office assets to Sun Venture for £552m

Landsec has agreed to sell 1 & 2 New Ludgate, a combined 389,615 sqft of office and retail assets in London, to Sun Venture,...

Vornado Realty Trust announces senior management changes

Vornado Realty Trust, a fully-integrated equity real estate investment trust, has announced a series of senior management changes. Michael Franco, the company’s president, has been...

LXi REIT acquires 11 foodstores and two discount stores for £61m

LXi REIT plc, a real estate investment trust incorporated in England and Wales, has acquired 11 foodstores and two discount stores from five different vendors/developers for a...

Cromwell European REIT to buy logistics park in Italy for €52.6m

Cromwell European REIT (CEREIT) announced that its wholly-owned vehicle has entered into an agreement to acquire a freehold intermodal logistics park with nine warehouses...

Service Properties Trust sells eight hotels for $45.3m

Service Properties Trust, a real estate investment trust, or REIT, has sold eight TownePlace Suites branded hotels with 834 rooms for $45.3 million. The...

Rexford Industrial acquires two Class A industrial properties for $339.2m

Rexford Industrial Realty, Inc. has acquired two Class A industrial properties, a four-building industrial complex and a three-tenant industrial property, in Southern California for $339.2 million. The...

CRE FINANCE

CAREERS

Corestate appoints new CEO

Corestate Capital has appointed René Parmantier as the new Chairman of the Management Board (CEO) with immediate effect and for a term of 3...

LATEST ARTICLES

Derwent London to sell office complex for £170m

Derwent London has exchanged contracts to sell Johnson Estate in London, an office complex comprising 4 adjacent buildings, including The Johnson Building, to Eurazeo...

Patrizia to develop office building in Munich

Patrizia has acquired a prime development site in Munich, Germany, on behalf of its institutional clients, to build a brand new, state-of-the-art 15,700 sq m...

AXA IM – Real Assets acquires data centre in Tokyo for €180m

AXA Investment Managers - Real Assets (AXA IM - Real Assets) has acquired a data centre in Tokyo for a c. ¥22 billion (c. €180 million)....

Landsec gets planning permission for London office scheme

Landsec secured planning permission for Timber Square, its proposed 370,000 sq ft office development in Lavington Street, London.  Timber Square will be a net zero...

JV acquires Dagenham site to develop £50m industrial scheme

A joint venture (JV) between a fund managed by Credit Suisse Asset Management Global Real Estate, Chancerygate and Hines has acquired a six-acre site in Dagenham, East...

Amazon to create more than 2,000 jobs in Nevada

Amazon.com, Inc. will create more than 2,000 new permanent full- and part-time jobs in Nevada with eight new buildings across the state to support customer fulfillment...

Tritax EuroBox buys logistics property in Belgium for €31.2m

Tritax EuroBox plc has areed to acquire a newly buillt logistics property in Belgium from Logistics Capital Partners (LCP) for €31.2 million. The acquisition price...

Commerz Real sells office complex in Frankfurt

Commerz Real has sold the Grand Campus, an office complex at Mainzer Landstrasse 151-157 in Frankfurt to the investment manager Arminius Group, which was...

Aviva Investors lets warehouse asset in Northampton

Aviva Investors has completed the letting of a 5,481 sqm (59,000 sq ft) warehouse asset at Swan Valley Industrial Estate in Northampton, to Fisher &...

Hines buys Commerzbank building in Düsseldorf

A joint venture between the international real estate firm Hines and a German pension fund has acquired Königsallee 37(KOE37) building in Düsseldorf from Deutsche...