Thursday, July 18, 2019

NORTH AMERICA

Prologis acquires Black Creek Group’s IPT for $4bn

Global logistics real estate company Prologis Inc. has signed a definitive merger agreement to acquire the wholly-owned real estate assets of Industrial...

Goodman buys two of the largest industrial estates in Los Angeles

Australia-based global industrial real estate company, with a global network spanning 17 countries and approximately $35 billion of assets under management, Goodman Group...

WeWork signs lease at Hines’ 609 Main at Texas in Houston

WeWork has signed a lease for 56,000-square-foot of office space at 609 Main at Texas in Houston. 609...

Blackstone’s EQ Office acquires two office buildings for $1.2bn in Seattle

Blackstone's EQ Office, the U.S. office portfolio operating company, has acquired two office buildings in Seattle, U.S. Bank Centre and 999 Third Avenue,...

Blackstone completes conversion to a corporation

Blackstone, the world’s biggest landlord, with $512 billion in assets under management announced that it has completed its previously announced conversion to a corporation...

U.S. office asking rents rise 0.4% in May

U.S. office asking rents rose by 0.4% in May over the previous three-month period, to $36.33, according to Yardi Matrix National Office...

UNITED KINGDOM

CBRE Group to buy London’s Telford Homes for £267.4m

CBRE Group plans to acquire Telford Homes Plc, London-focused multifamily residential and mixed-use property developer, with a development in-process portfolio (total project...

Saudi Arabia’s Arbah Capital buys retail property in Glasgow for £60m

Saudi-based Arbah Capital has acquired a landmark retail property, Sauchiehall Building, in Glasgow, UK, for £60 ($76) million through a shariah compliant...

Unite Group acquires Liberty Living for £1.4bn

Student accommodation developer Unite Group has agreed to acquire Liberty Living Group Plc, a student accommodation business, from Liberty Living Holdings Inc.,...

Bentall Kennedy and GreenOak announce merger closing

BentallGreenOak anounced the closing of the merger Tetragon Financial Group Limited’s GreenOak Real Estate and Sun Life Financial Inc.’s North American real...

Unite Group confirms talks to acquire Liberty Living

UK's student accommodation provider Unite Group has released a statement about media speculations regarding acquisition of Liberty Living Group plc ("Liberty Living") by Unite.

India’s Hero forms £500m JV with Catalyst Capital to invest in UK

India's Hero Enterprise has formed a £500 million joint venture with Catalyst Capital, the European real estate investment and asset management firm,...

EUROPE

Tristan acquires office portfolio in Lisbon

Curzon Capital Partners 5 LL (“CCP 5 LL”), the core-plus fund advised by Tristan Capital Partners LLP (“Tristan”), has acquired an office...

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ASIA PACIFIC

Lendlease enters Senior Living market in China

Lendlease, Australia’s largest owner, operator and developer of Senior Living communities, has entered Senior Living market in China. The company has launched...

Charter Hall acquires Telstra HQ in Melbourne CBD

Charter Hall Group has acquired 100% of the freehold interest in the Global HQ of Telstra at 242 Exhibition Street at the...

Cromwell lodges application for A$350m mixed-use project at 700 Collins Street

ASX-listed real estate investor and manager Cromwell Property Group has lodged a development application for 700 Collins Street in Melbourne's Docklands Precinct.

Phoenix Transport signs lease for Frasers’ new industrial estate

Phoenix Transport, Australia's logistcs provider, has signed a ten-year lease for a 9,999 sqm facility comprising a 9,654 sqm warehouse, 345 sqm...

CapitaLand completes S$11bn acquisition of Ascendas-Singbridge

CapitaLand Limited, one of Asia’s largest diversified real estate groups, headquartered and listed in Singapore, has completed the acquisition worth S$11 billion(US$8...

Cromwell sells 50% interest in Northpoint Tower to HK billionaire Francis Choi

Real estate investor and manager Cromwell Property Group has sold its 50% interest in Northpoint Tower, prime office building in North Sydney,...

CRE FINANCE

Allianz and Barings finance San Francisco office building acquisition

Allianz Real Estate and financial services firm Barings have provided $319 million in debt financing to support the acquisition of 650 Townsend,...

CTP agrees €1.9bn syndicated financing package in CEE’s largest real estate transaction ever

CTP, a full-service, commercial real estate developer and manager, and a consortium of three banking groups agreed on underwriting package of...

pbb provides €41m facility for Helsinki logistics centre acquisition

pbb Deutsche Pfandbriefbank has provided an investment facility of EUR 41 million to a property vehicle recently set up by Ness, Risan...

U.S. commercial, multifamily mortgage debt reaches $3.46tn in Q1 2019

U.S. commercial and multifamily mortgage debt outstanding rose by $45.4 billion to $3.46 trillion in the first quarter of 2019, a 1.3...

Madison Realty Capital provides $50m first mortgage loan for Brooklyn project

Madison Realty Capital (MRC) has provided a $50 million first mortgage loan collateralized by a development project across 58 and 66 Gerry Street and coupled...

U.S commercial and multifamily mortgage loan originations rise 12% in Q1

Commercial and multifamily mortgage loan originations increased by 12 percent year-on-year in the first quarter, according to the Mortgage Bankers Association's (MBA)...

REIT

Warehouse REIT buys two UK warehouse assets

Warehouse REIT, the AIM listed UK Real Estate Investment Trust, has acquired two new high quality urban warehouse assets, following the successful...

CAREERS

CBRE GI appoints Elisabeth Troni as Global Portfolio Strategist

CBRE Global Investors has appointed Elisabeth Troni as Global Portfolio Strategist as part of the firm’s Global Real Assets Solutions initiative.

LATEST ARTICLES

Bank of Sydney to purchase CBD building in Sydney

Bank of Sydney will acquire 62 Pitt Street Sydney, accroding to the bank's statement.Bank of Sydney plans to make the CBD building...

TIER REIT acquires land site in Atlanta

Dallas-based real estate investment trust TIER REİT has acquired a prime three-acre a land site located on 3354 Peachtree Road in the...

Elanor Investors Group acquires commercial office property in Perth

Elanor Investors Group, ASX-listed an investment and fund management business (“ENN” or “Group”), announced that it has launched a new fund management...

Granite Point Mortgage Trust announces closing of $825 mln CRE CLO

Granite Point Mortgage Trust Inc. announced the closing of GPMT 2019-FL2, an $825.0 million managed Commercial Real Estate Collateralized Loan Obligation (“CRE...

Echo Investment to build new office project in Wroclaw

Echo Investment, the largest Polish developer, will build a new office project, West 4 Business Hub ,in Wroclaw, located on Na Ostatnim...

Genesta sells CBD office property in Oslo

Genesta has sold the CBD office property Dronning Mauds gate 15 on behalf of Genesta Nordic Real Estate Fund II to...

URW sells its stake in Jumbo shopping centre,Helsinki

Unibail-Rodamco-Westfield (URW) has sold its 34% stake in the Jumbo shopping centre in Helsinki, Finland, to current co-owner Elo Mutual Pension Insurance...

Singapore’s CDL continues to invest in UK private rented sector

Global real estate operating company City Developments Limited (CDL) has expanded into the United Kingdom (UK) Private Rented Sector (PRS) with the...

Brisbane office tower sold to joint venture by JLL

Brisbane office tower, 288 Edward Street, was purchased by a new joint venture led by Heitman and Marquette and sale process managed...

Starwood Property Trust announces fiscal quarter results

Starwood Property Trust, Inc. announced operating results for the fiscal quarter and year ended December 31, 2018.  ...