Tuesday, January 26, 2021

NORTH AMERICA

ElmTree Funds forms $600m partnership with Guggenheim Investments

Real estate private equity manager ElmTree Funds has formed a partnership with Guggenheim Investments to invest in industrial e-commerce assets throughout the United States. ElmTree...

Oxford Properties acquires M7 Real Estate

Global commercial real estate company Oxford Properties Group, headquarters in Toronto, has exchanged on the acquisition of M7 Real Estate, a pan-European investment and...

Latch to merge with Tishman Speyer-backed SPAC to go public

Latch Inc., a maker of smart locks and building-management software, and TS Innovation Acquisitions Corp., a special purpose acquisition company (SPAC) sponsored by global real...

JLL appoints new head of diversity and inclusion

JLL has appointed Ingrid Jacobs as global Head of Diversity and Inclusion. In this newly created global role, she will be responsible for further developing JLL's global...

Godiva to close 128 stores in North America

Godiva has decided to close or sell all 128 of its brick-and-mortar stores in North America by the end of the first quarter in...

Blackstone REIT, LBA announce $1.6bn industrial recapitalization

Blackstone Real Estate Income Trust, Inc. (BREIT) and LBA Logistics (LBA) announced the recapitalization of two industrial portfolios owned by LBA comprising $1.6 billion...

UNITED KINGDOM

Supermarket Income REIT buys supermarket in Cambridgeshire

Supermarket Income REIT plc has purchased a Morrisons supermarket in Wisbech, Cambridgeshire from Aberdeen Standard Investments for £30.0 million (excluding acquisition costs), representing a combined net initial yield of 5.0%. The...

Valor buys five Greater London urban logistics estates for £50m

Pan-European logistics platform Valor Real Estate Partners (Valor) has acquired five urban logistics estates across Greater London for £50 million. The London urban logistics...

St. Modwen appoints new non-executive director

St. Modwen Properties PLC has appointed Dame Alison Nimmo DBE as a non-executive director, effective February 1, 2021.  She will join the Audit, Nomination...

BNP Paribas REIM appoints new head of UK business

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has appointed Benoit de la Boulaye as head of BNP Paribas REIM UK. Benoit de la...

Investec provides £23.7m loan for residential development in London

Investec Real Estate (Investec) has agreed to provide a £23.7 million loan to Blue Coast Capital for the development of 56 residential apartments on...

Boohoo buys Debenhams brand for £55m

Online fashion retailer Boohoo announced Monday that it has acquired Debenhams' online business and associated intellectual property from its joint administrators for £55 million...

EUROPE

Savills IM buys three logistics properties in France and Netherlands

Savills Investment Management (Savills IM) announced it has acquired a total of three logistics properties, an XXL distribution centre at Vatry Airport in France...

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ASIA PACIFIC

AXA IM Alts begins construction of €220m Japanese logistics facility

AXA IM Alts announced it has begun construction of a Grade-A logistics facility on a 79,095 sqm site in Kisosaki, near Nagoya, Japan. The development...

Colliers appoints new CEO for Australian business

Colliers International has appointed Malcom Tyson as Chief Executive Officer(CEO) for Australian business. He will take over the position of CEO from John Kenny, who...

Investa, Manulife acquire 39 Martin Place in Sydney from Macquarie

A joint venture (50/50) between Investa Commercial Property Fund (ICPF) and Canadian financial services group Manulife has agreed to acquire 39 Martin Place, a...

Hines appoints new Asia CIO

Hines today announced that it has appointed Chiang Ling Ng as Chief Investment Officer (CIO), Asia. Based in Hines’ Singapore office, Chiang Ling Ng will...

NPS, Allianz acquire 50% stake in OUE Bayfront in Singapore

Allianz Real Estate, on behalf of National Pension Service of Korea (NPS) and Allianz group companies (Allianz), via its AREAP Core I fund has...

KKR closes first Asia real estate fund at $1.7bn

KKR announced Wednesday that it has closed its first Asia real estate fund, KKR Asia Real Estate Partners (AREP) focused on opportunistic real estate investments...

REIT

Supermarket Income REIT buys supermarket in Cambridgeshire

Supermarket Income REIT plc has purchased a Morrisons supermarket in Wisbech, Cambridgeshire from Aberdeen Standard Investments for £30.0 million (excluding acquisition costs), representing a combined net initial yield of 5.0%. The...

Supermarket Income REIT buys two assets from LaSalle for £64.8m

Supermarket Income REIT has agreed to acquire a Sainsbury's supermarket in Melksham, Wiltshire, and a Waitrose supermarket in Winchester, Hampshire, from LaSalle Investment Management...

Blackstone REIT, LBA announce $1.6bn industrial recapitalization

Blackstone Real Estate Income Trust, Inc. (BREIT) and LBA Logistics (LBA) announced the recapitalization of two industrial portfolios owned by LBA comprising $1.6 billion...

ESRT signs two new leases at One Grand Central Place

Empire State Realty Trust, Inc.(ESRT) has signed two new leases for a total of 49,999 square feet at its One Grand Central Place, a 56-story...

KBS sells Class A office property in Phoenix, Arizona for $103.5m

KBS has sold a 333,014 square-foot Class A office property, Anchor Centre, in Phoenix, Arizona to TerraCap for $103.5 million. The office property was owned by...

McKay secures lease renewal at SwanCourt in Wimbledon

McKay Securities Plc has agreed a lease renewal with Domestic & General (D&G) for 37,400 sq ft (70% of the office space) at Swan...

CRE FINANCE

Investec provides £23.7m loan for residential development in London

Investec Real Estate (Investec) has agreed to provide a £23.7 million loan to Blue Coast Capital for the development of 56 residential apartments on...

CAREERS

St. Modwen appoints new non-executive director

St. Modwen Properties PLC has appointed Dame Alison Nimmo DBE as a non-executive director, effective February 1, 2021.  She will join the Audit, Nomination...

LATEST ARTICLES

Google signs 15-year lease agreement in Cambridge, Massachusetts

Two days ago, Sundar Pichai, chief executive officer of Google, had announced the company's new investment startegy that includes opening new data centers and...

Tristan Fund buys mixed-use property for £34 million in UK

Tristan Capital Partners and Canmoor have acquired a mixed-use property in Leamington Spa from Wolseley UK Limited for £34.0 million. The 440,000 sq. ft. mixed-use...

ILPT acquires $905.3 million industrial property portfolio

Industrial Logistics Properties Trust (ILPT), real estate investment trust company, has acquired and industrial property portfolios for $905.3 million in total, excluding acquisition related...

London’s Peabody selects Lendlease for its mega project

Peabody has selected Lendlease as Preferred Bidder for its Thamesmead Waterfront development in southest London.The £8 billion regeneration project spreads on the...

Legal & General provides £420 mln financing for One and Two Southbank

LGIM Real Assets (Legal & General) has provided £420 million in long-term financing to support Almacantar on the debt refinancing of One and Two...

Australian Goodman Group buys industrial site in London

Australian industrial real estate company Goodman Group has acquired a 9.5 acre industrial site in Park Royal, London via its Goodman UK Partnership. The site is...

Google announces $13 billion real estate investment

Sundar Pichai, chief executive officer of Google, announced the new Google commercial real estate investment strategy for this year in Google's blog post. According to the...

BMO Real Estate appoints Emma Gullifer as an Assistant Fund Manager

BMO Real Estate Partners has appointed Emma Gullifer as an Assistant Fund Manager to its BMO UK Property Fund team ,based in London. Emma Gullifer...

Circle Property Plc agrees with RBS and HSBC for a new financing facility

Circle Property Plc has agreed with RBS and HSBC for a £100 million new financing facility. The credit facility replaces a £55 million facility with RBS agreed in...

Terreno Realty Corporation buys industrial property for $24 million

San Francisco-based real estate investment trust company Terreno Realty Corporation has acquired an industrial property for $24.0 million.The property is located in Maspeth...