Thursday, December 3, 2020

NORTH AMERICA

Amazon to create more than 2,000 jobs in Nevada

Amazon.com, Inc. has announced a new investments in Nevada with eight new buildings across the state to support customer fulfillment and delivery operations. The sites are expected...

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...

Dalfen Industrial buys distribution facility from Clarion Partners

Dalfen Industrial has acquired a distribution facility, the Peachtree Distribution Center, from Clarion Partners at 17745 Lookout Rd in the East Dallas suburb of...

NW1 Partners obtains $100m commitment from U.S institutional investor

Real estate investment management firm NW1 Partners, founded by industry veterans David Boyle and Brad Beanblossom, with strategic support from Delancey, has obtained a...

The 10 most popular CRE Herald news stories in November

Here are the 10 most popular CRE Herald global commercial real estate (CRE) market news stories for the month. Carlyle acquires UK senior housing developer Beechcroft Global...

Hudson Pacific, CPP Investments to acquire office tower in Seattle for $625m

A joint venture between Hudson Pacific Properties, Inc. (Hudson Pacific) and Canada Pension Plan Investment Board (CPP Investments) has signed an agreement to acquire...

UNITED KINGDOM

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...

Aviva Investors buys low carbon office building in London for £25m

Aviva Investors has acquired the Stylus office building located at 112-116 Old Street, EC1, in the heart of London’s Tech City for £25 million. The...

Capco receives £105m deferred payment from Earls Court sale

Capco has received £105 million of deferred cash consideration from the Earls Court sale. This amount represents a scheduled payment following the sale announced...

EUROPE

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...

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ASIA PACIFIC

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...

Singapore’s Mapletree to invest S$550m in Kyushu logistics market

Mapletree Investments Pte Ltd (Mapletree) has entered the Kyushu logistics market with a prime land acquisition measuring a total of 116,319 square metres in...

Charter Hall raises A$2.6bn for industrial fund

Australian fund manager Charter Hall announced that it has raised A$2.6 billion of equity commitments since April 2020 for its Charter Hall Prime Industrial...

REIT

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...

Embassy REIT to purchase Embassy TechVillage assets in Bengaluru for $1.3bn

Embassy REIT, India’s first publicly listed REIT, has agreed to purchase Embassy TechVillage assets in Bengaluru from affiliates of Embassy Sponsor, Blackstone Sponsor and...

CRE FINANCE

CAREERS

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...

LATEST ARTICLES

Hudson Pacific, CPP Investments to acquire office tower in Seattle for $625m

A joint venture between Hudson Pacific Properties, Inc. (Hudson Pacific) and Canada Pension Plan Investment Board (CPP Investments) has signed an agreement to acquire...

Aberdeen Standard to sell €2.3bn Nordic real estate business

DEAS Group, the asset and property management group in Denmark, is acquiring a Nordic real estate business from Aberdeen Standard Investments (ASI). Aberdeen Standard Investments...

Aviva Investors buys low carbon office building in London for £25m

Aviva Investors has acquired the Stylus office building located at 112-116 Old Street, EC1, in the heart of London’s Tech City for £25 million. The...

Sirius Real Estate to acquire business park in Nuremberg for €13.7m

Sirius Real Estate has acquired a multi-tenanted business park in Nuremberg for a total acquisition cost of €13.7 million, reflecting an EPRA net initial...

Savills IM, Vestas raise €200m for pan-European logistics fund

Savills Investment Management (Savills IM) has launched a pan-European logistics investment fund in partnership with Vestas Investment Management (Vestas).  The partnership has raised €200 million...

Capco receives £105m deferred payment from Earls Court sale

Capco has received £105 million of deferred cash consideration from the Earls Court sale. This amount represents a scheduled payment following the sale announced...

Investec provides £8.5m loan for Grade-A Guildford office

Investec’s Structured Property Finance(Investec) has agreed to provide a joint venture between established real estate firms Beltane Asset Management and Chenavari with an £8.5...

Qatar Investment Authority buys stake in Istanbul shopping mall

Qatar Investment Authority (QIA) is partnering with Doğuş Group and Orjin Group in IstinyePark, one of the biggest shopping malls in Istanbul, Turkey. Doğuş Group has...

NEINVER, Nuveen Real Estate JV opens first outlet centre in Netherlands

A joint venture between NEINVER and Nuveen Real Estate announced the opening of Amsterdam The Style Outlets, the first outlet centre in the Greater...

Hammerson appoints Grégoire Peureux as Chief Operating Officer

Hammerson plc announced the appointment of Grégoire Peureux to the newly created role of Chief Operating Officer. Grégoire will join the Group Executive Committee and...