Monday, October 26, 2020

NORTH AMERICA

Blackstone to acquire Simply Self Storage from Brookfield for $1.2bn, WSJ reports

Blackstone has agreed to acquire Simply Self Storage from Brookfield Asset Management Inc. for $1.2 billion, The Wall Street Journal reported on...

Goldman Sachs commits $500m to form data center infrastructure platform

The Goldman Sachs Merchant Banking Division (GS MBD) has partnered with a seasoned management team, led by long-time data center industry executive...

Centric Brands signs lease for 212,154 sq ft at the Empire State Building

Empire State Realty Trust (ESRT) has signed a direct lease with Centric Brands for 212,154 square feet at the Empire State Building...

Avison Young appoints Harry Klaff as President of Clients

Avison Young has appointed industry veteran Harry Klaff as Principal and President of Clients. In this new role, Klaff will focus on...

Wells Fargo invests in industrial logistics via Elion Partners

Wells Fargo Real Estate Merchant Bank Makes Equity Commitment to Elion-sponsored Investment Vehicle Elion Partners (“Elion”), a real estate...

Rockpoint forms $250m single-family rental JV with Resicap

Global real estate investment management firm Rockpoint Group has formed a $250 million joint venture with Resicap, an owner and operator of single-family rental...

UNITED KINGDOM

Mace gets approval for Stevenage Town Centre regeneration

International development and construction company Mace said it has received approval for SG1, the £500 million regeneration of Stevenage Town Centre, from...

Hammerson appoints Connor Owens as new Director of Ireland

Hammerson plc has appointed Connor Owens as its new Director of Ireland. Connor Owens will head up Hammerson's Irish business, and...

UBS AM completes new lettings at Edinburgh industrial estate

UBS Asset Management (UBS AM) Real Estate & Private Markets (REPM) business has completed five new lettings totaling 33,240 sq ft at...

SEGRO buys urban warehouse estate in London for £133m

UK Real Estate Investment Trust (REIT) SEGRO plc has acquired Electra Park, a 13 acre urban warehouse estate in Canning Town, London...

Moorfield Group, Stor-Age form £100m UK self storage joint venture

UK-focused real estate fund manager Moorfield Group has entered into a joint venture with Stor-Age, a South African self storage Real Estate...

SFO acquires commercial property in Mayfair, London

London-based global real estate investor and manager SFO has acquired a rare freehold interest for the redevelopment of a prime office building...

EUROPE

MOST POPULAR

ASIA PACIFIC

Centuria’s Augusta Capital to acquire Visy glass facility in Auckland

Centuria Capital Group has agreed to acquire the Visy Glass industrial facility in Auckland, New Zealand for NZ$178.3 million (A$167.2 million) in...

Singapore’s CDL Hospitality Trusts sells Brisbane hotel for A$67.9m

Singapore based real estate investment trust CDL Hospitality Trusts(CDLHT) has entered into an agreement for the sale of Novotel Brisbane to ADFA...

APG forms partnership with South Korean fund to invest in real assets

APG, a privately owned investment manager, and NPS (National Pension Service of South Korea) have formed a partnership in the field of...

Dexus, HWPF acquire healthcare property in Adelaide for A$446.2m

Dexus and its Healthcare Wholesale Property Fund (HWPF) have agreed to acquire a healthcare property, the Australian Bragg Centre, in Adelaide from...

ESR Australia buys redevelopment site in Acacia Ridge, Queensland

ESR Australia Development Partnership (EADP) has acquired an 18 ha infill redevelopment site at 1502 Beaudesert Road in Acacia Ridge, Queensland.

Alibaba to invest $3.6bn in Chinese supermarket chain Sun Art

Alibaba Group Holding Limited will invest USD3.6 billion to acquire a controlling stake in Sun Art Retail Group Limited, a hypermarket...

CRE FINANCE

Marcus & Millichap to acquire Mission Capital

Marcus & Millichap (MMI) has entered into a definitive agreement to acquire Mission Capital, a real estate capital markets solutions firm with...

L&G announces £200m funding of Oxford University innovation centre

Legal & General(L&G) has announced the £200m funding of Oxford University innovation centre for Life and Mind sciences. Legal...

Investec provides £36m loan for BTR development in Woolwich, London

Investec's Structured Property Finance team (Investec) has agreed to provide Comer Homes, the UK residential property developer, with a £36 million, five-year senior...

ARA Venn awarded £3bn Affordable Housing Guarantee Scheme in UK

Singapore-based global asset manager ARA Asset Management Limited (ARA) said on Sunday that its subsidiary, ARA Venn, an investment manager in European...

Greystone closes $289m loan to refinance Midtown Manhattan multifamily

Greystone has closed a $289.3 million, 10-year fixed Freddie Mac loan for BLDG Management Company, Inc.(BLDG) to refinance the Summit, a multifamily...

M&G provides £353m loan for London real estate assets

M&G Real Estate Finance team has provided a £353 million, five-year loan to refinance two assets in London that are jointly owned...

REIT

CAREERS

Hammerson appoints Connor Owens as new Director of Ireland

Hammerson plc has appointed Connor Owens as its new Director of Ireland. Connor Owens will head up Hammerson's Irish business, and...

LATEST ARTICLES

Integra :’Most signs point to CRE market sensitivity’

Integra Realty Resources has released its latest Annual Viewpoint 2019 report which reveals a detailed overview of the U.S. local and national...

Starwood hires Anthony Balestrieri to lead its new Opportunity Zone investment

Anthony Balestrieri has appointed as a Senior Vice President in Starwood to lead its Opportunity Zone investment business.

Savills IM acquires two outlet centres for €300 mln in France

Savills Investment Management has acquired two McArthurGlen designer outlet centres in France.The properties are located in Troyes and Roubaix.

Bouwinvest Dutch fund attract €364mln in H2 2018

The Bouwinvest Dutch Residential, Office and Retail Funds, attracted a total of € 364 million in new institutional capital commitments in the...

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...