Sunday, November 17, 2019

NORTH AMERICA

Facebook signs lease for office space in New York City’s Hudson Yards

Facebook has signed a lease for more than 1.5 million square feet of office space across 30 floors and three buildings in...

USAA to sell controlling interest in real estate investment arm

The United Services Automobile Association (USAA), a financial services provider for U.S military community and their families, headquartered in San Antonio, Texas, announced...

Scion and Korea’s Hana buy U.S student housing portfolio

A joint venture between The Scion Group and Korea's Hana Financial Group has acquired a four-property portfolio of high-end student housing communities...

Welltower, Invesco announce $850M medical office building JV

Welltower Inc. and Invesco Real Estate announced an $850 million joint venture partnership comprising a portfolio of 35 medical office buildings spanning 2.6 million...

Lowe acquires Class A office building in Denver

Lowe, Los Angeles-based real estate investment and management firm, formerly known as Lowe Enterprises, has acquired 7979 E. Tufts, a 366,184-square-foot Class...

Amazon Canada to open first fulfillment centre in Quebec

Amazon Canada plans to open its first fulfillment centre in Quebec. The new site will be located in Lachine on the island...

UNITED KINGDOM

Park Hotels announces sale of Conrad Dublin

Park Hotels & Resorts and its joint venture partners have closed on the sale of their interests in the company that owns...

Tristan Fund buys prime development site in Bristol, UK

Tristan Capital Partners’ real estate fund, EPISO 5, has acquired a prime 1.3-acre freehold site in Bristol city centre, known as 4...

Unite Group gets CMA approval for £1.4bn Liberty Living acquisition

UK Competition and Markets Authority(CMA) has approved The Unite Group's acquisition of Liberty Living for £1.4 billion from Liberty Living Holdings Inc.('CPPIB Holdco'), a wholly...

Apollo signs pre-let at Derwent London’s 1 Soho Place

Derwent London has pre-let a further three floors of 1 Soho Place W1 to Apollo Management International, LLP, an affiliate of Apollo...

Mothercare to appoint administrators for UK business

Baby goods retailer Mothercare has filed a notice of intent to appoint administrators to the company's active trading subsidiary, Mothercare UK and Mothercare...

Aviva, PSP Investments invest £250m in Cambridge commercial property

Aviva Investors and the Public Sector Pension Investment Board (“PSP Investments”) have agreed to invest up to £250 million in commercial property...

EUROPE

Ivanhoé Cambridge acquires stake in German real estate platform

Canada-based real estate investment firm Ivanhoé Cambridge has acquired a strategic equity stake in Golden Capital, the German real estate vehicle, managed...

MOST POPULAR

ASIA PACIFIC

Grade-A office property in Perth sold for A$79M

EG, Sydney-based real estate fund manager with over A$2.4 billion assets under management, has acquired 2 Mill Street, a Grade-A office property in...

Stockland launches largest industrial project in Melbourne

Stockland, a diversified Australian property group and Australian Stock Exchange listed company,  has launched the first stage of Melbourne Business Park, the A$2...

Equinix opens its sixteenth data centre in Australia

Equinix, the global interconnection and data centre company, has opened its eighth International Business Exchange™ (IBX®) data centre in Sydney, and the sixteenth in Australia,...

ESR establishes A$350M logistics mandate in Australia

APAC focused logistics real estate platform ESR Cayman Limited (ESR) has established a new mandate with China Merchants Capital Investment Co. Ltd...

Gaw Capital forms JV to invest in China data centers

Real estate private equity firm Gaw Capital Partners announced that a fund under its management has formed a joint-venture partnership with Centrin...

Singapore’s GIC acquires landmark office building in Beijing

GIC, Singapore’s sovereign wealth fund, has acquired a 50% stake in an office building in Lize Financial Business District (LFBD), an emerging...

CRE FINANCE

Chatham Financial buys London-based JCRA Group

Chatham Financial has acquired London based-JCRA Group to expand the firm’s presence in Europe. Chatham and JCRA specialize in...

U.S commercial, multifamily mortgage originations up 24% in Q3

U.S commercial and multifamily mortgage loan originations increased by 24 percent year-over-year in the third quarter, and up 9 percent from second...

Japanese firm buys US commercial real estate lender

Tokyo-based financial services firm ORIX Corporation announced that its group company in the U.S., ORIX Corporation USA (OCU), has signed an agreement...

Legal & General invests £125m in City of London Corporation

LGIM Real Assets (“Legal & General”) has provided £125 million in long-term financing to the City of London Corporation, the governing body...

WeWork announces completion of $1.5bn funding from SoftBank

The We Company, WeWork’s parent organization, and SoftBank Group Corp. announced that WeWork has received $1.5 billion in funding, which was an...

Derwent London first UK REIT to sign Green RCF

Derwent London, the London-focused Real Estate Investment Trust (“REIT”), has agreed and signed a new five-year £450 million revolving credit facility (“RCF”)...

REIT

Highwoods closes Bank of America Tower acquisition in Charlotte

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Highwoods Properties, Inc., a publicly-traded real estate investment trust (REIT) headquartered in Raleigh, has closed the acquisition of Bank of America Tower...

CAREERS

Christopher Tang to retire as CEO of Frasers Property Singapore

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Christopher Tang, Frasers Property Singapore Chief Executive Officer (CEO) will retire as CEO on 31 December 2019. From...

LATEST ARTICLES

Amazon Canada to open first fulfillment centre in Quebec

Amazon Canada plans to open its first fulfillment centre in Quebec. The new site will be located in Lachine on the island...

Singapore’s GIC acquires landmark office building in Beijing

GIC, Singapore’s sovereign wealth fund, has acquired a 50% stake in an office building in Lize Financial Business District (LFBD), an emerging...

Industrial property in Orange County sold for $27.6M

Rexford Industrial Realty has acquired an industrial property, 404-430 Berry Way, located in Brea within the Orange County-North submarket for $27.6 million, or $53.72...

Gecina signs €306m asset swap to acquire Paris office building

Gecina, a French real estate investment trust (REIT), has signed an asset swap agreement with the Caisse de Retraite du Personnel Navigant (CRPN) enabling...

Stockland acquires two office buildings in North Sydney

Stockland, a diversified Australian property group, Australian Stock Exchange listed company, has agreed to acquire two office buildings in North Sydney, adjacent to...

Lendlease sells 50% interest in Adelaide shopping centre for A$670M

Singapore-based real estate investment trust SPH REIT Management has entered into an agreement with Lendlease to acquire a direct 50.0% interest in...

U.S commercial, multifamily mortgage originations up 24% in Q3

U.S commercial and multifamily mortgage loan originations increased by 24 percent year-over-year in the third quarter, and up 9 percent from second...

Greystar closes its U.S. multifamily value-add fund at $2bn

Greystar Real Estate Partner announced the final close of its U.S. multifamily value-add fund, Greystar Equity Partners X (“GEP X”), with equity...

ARA H-Trust buys three Marriott-branded hotels in the U.S

ARA US Hospitality Trust, Sigapore Exchange listed company, invests in income-producing real estate assets used primarily for hospitality purposes located in the...

Unite Group gets CMA approval for £1.4bn Liberty Living acquisition

UK Competition and Markets Authority(CMA) has approved The Unite Group's acquisition of Liberty Living for £1.4 billion from Liberty Living Holdings Inc.('CPPIB Holdco'), a wholly...