Saturday, September 25, 2021

NORTH AMERICA

PGIM Real Estate provides $250m in financing for logistics portfolio

PGIM Real Estate has provided $250 million in fixed-rate debt to GLP Capital Partners LP (GCP) for the financing of a five state, five...

Partners Group, Barings invest in Milestone

Barings and Partners Group announced the recapitalization of Milestone Equipment Holdings (Milestone), a provider of transportation equipment and supply chain solutions in the US. Through...

UNITED KINGDOM

Landsec sells two retail parks for £54.3m

Landsec has sold two retail parks, Derwent Howe Retail Park and Blackpool Retail Park, for £54.3 million, representing an average 15% premium to the...

Harworth secures resolution to grant planning permission for Ironbridge development

Harworth Group has secured a resolution to grant planning permission from Shropshire Council’s Southern Planning Committee for the regeneration of the former Ironbridge Power Station in Shropshire...

EUROPE

IREIT Global buys Grade A office building in Barcelona

Singapore-listed real estate investment trust IREIT Global has acquired an office building known as “Parc Cugat” located in Sant Cugat del Vallès, Barcelona, Spain...

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ASIA PACIFIC

GLP raises $1.75bn for China logistics fund in first close

GLP has raised $1.75 billion for the first close of its logistics development fund, GLP China Logistics Fund III (GLP CLF III). GLP plans...

Morgan Stanley, Lendlease JV buys industrial portfolio in Australia

A joint venture (50/50) partnership between Lendlease and an investment vehicle sponsored by Morgan Stanley Real Estate Investing has acquired a portfolio of eight...

REIT

Pebblebrook Hotel Trust buys beachfront resort in Hollywood for $270m

Pebblebrook Hotel Trust has acquired the 369-room oceanfront Margaritaville Hollywood Beach Resort in Hollywood, Florida for $270 million from an affiliate of KSL Capital...

Blackstone to buy hotel portfolio from Condor Hospitality Trust for $305m

Condor Hospitality Trust has agreed to sell its entire portfolio of hotels to Blackstone Real Estate Partners for $305 million in an all cash...
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CRE FINANCE

CAREERS

JLL appoints Siddharth Taparia as global chief marketing officer

Jones Lang LaSalle Incorporated (JLL) has appointed Siddharth Taparia to the global role of chief marketing officer, Effective immediately. Taparia will be responsible for the...
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