Thursday, June 4, 2020

NORTH AMERICA

Moody’s Analytics Forecast: Resurgence of COVID-19 could cause global economic depression

According to the Moody’s Analytics baseline economic forecast, real global GDP will fall by 4.5% this year as a result of COVID-19....

SL Green collects majority of rent during COVID-19 pandemic

SL Green Realty Corp., a fully integrated real estate investment trust and an S&P 500 company, has collected the vast majority of its...

Bell Partners closes apartment fund at $950 million

Bell Partners, an apartment investment and management company focused on multifamily communities throughout the United States, announced the final close of its...

Keller Williams Realty announces KW SF Bay Area

Keller Williams Realty announces KW SF Bay Area, a new collective bringing together operations and agent communities from KW San Francisco, KW...

Greystar acquires property management business of Alliance Residential

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing properties, today announced...

Colliers completes acquisition of Dougherty

Global commercial real estate services and investment management firm Colliers International has completed its previously announced acquisition of a controlling interest in...

UNITED KINGDOM

Aviva Investors lets 197,000 sq ft distribution asset in Northampton

Aviva Investors, the global asset management business of Aviva plc, announced a 15-year lease agreement with Cygnia Logistics Limited (Cygnia), an e-commerce...

LondonMetric buys roadside assets for £11.6m

LondonMetric Property Plc has acquired two roadside assets for £11.6 million, reflecting a blended net initial yield of 5.1%.

Union Investment acquires office property in City of London

Union Investment has acquired Procession House, an office property located at 55 Ludgate Hill, London from Goldman Sachs Merchant Banking Division and...

Capco agrees to acquire stake in Shaftesbury for £436m

Capital & Counties Properties PLC (Capco) has agreed to acquire a 26.3% shareholding in Shaftesbury PLC (Shaftesbury) across two tranches for total...

IPUT secures largest green revolving credit facility in Irish real estate market

IPUT Real Estate, Ireland’s property company and the largest owner of offices and logistics assets in Dublin, has secured an upsized €300...

Capco confirms discussions to buy stake in Shaftesbury

Capital & Counties Properties PLC (Capco), one of the largest listed property companies in central London, listed on the London Stock Exchange...

EUROPE

Tristan, Kefren form joint venture for €200m Spanish logistics platform

Pan-European real estate investment manager Tristan Capital Partners has formed a joint venture with Spanish real estate specialist Kefren Capital Real Estate...

MOST POPULAR

ASIA PACIFIC

Savills : Retail sale and leaseback transactions expected to pick up post Covid-19

Retail sale and leaseback (SLB) transactions are expected to pick up again after the Covid-19 pandemic has passed, according to Savills latest...

Allianz, Charter Hall JV acquires Australian logistics portfolio for A$648m

A joint venture between (50:50) Allianz Real Estate and Charter Hall Group managed wholesale fund CPIF has signed a sale and purchase...

Carrefour acquires 224 proximity stores in Taiwan

Global food retail giant Carrefour, a French group, has entered into an agreement with Dairy Farm to acquire Wellcome Taiwan.

LOGOS to develop logistics facility in Sydney

LOGOS is developing a purpose built circa 13,000sqm logistics facility for LF Logistics, an international leading logistics services provider, at its Marsden...

Chelsfield closes pan-Asia value-add fund at US$362.5m

UK-based international property company Chelsfield Group announced Chelsfield Asia Limited, its Asian subsidiary, has closed its first Pan-Asia value-add fund, Chelsfield Asia...

Allianz acquires prime multifamily property portfolio in Tokyo for €110m

Allianz Real Estate has acquired a prime multifamily property portfolio in Tokyo for €110 million. The portfolio comprises 11 newly built assets...

CRE FINANCE

Colliers completes acquisition of Dougherty

Global commercial real estate services and investment management firm Colliers International has completed its previously announced acquisition of a controlling interest in...

KKR raises $4bn for credit opportunities created by recent market volatility

Global investment firm KKR has completed a $4 billion capital raise focused on investing in credit opportunities created by recent market volatility....

TPG RE Finance Trust announces strategic investment from Starwood Capital

TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that it has entered into a definitive investment agreement...

IPUT secures largest green revolving credit facility in Irish real estate market

IPUT Real Estate, Ireland’s property company and the largest owner of offices and logistics assets in Dublin, has secured an upsized €300...

Allianz Real Estate secures first third-party investor for its €3bn debt fund

Allianz Real Estate has secured its first third-party client for its €3 billion Luxembourg-based debt fund. German pension fund Bayerische Versorgungskammer (BVK)...

CapitaLand gets largest sustainability-linked loan in Singapore’s real estate sector

CapitaLand has obtained a S$500 million sustainability-linked loan from United Overseas Bank (UOB).The loan is the largest sustainability-linked bilateral loan in Singapore’s...

REIT

SL Green collects majority of rent during COVID-19 pandemic

SL Green Realty Corp., a fully integrated real estate investment trust and an S&P 500 company, has collected the vast majority of its...

CAREERS

Slate Office REIT appoints Steve Hodgson to CEO

Slate Office REIT (TSX: SOT.UN) (the "REIT"), an owner and operator of North American office real estate, announced today that Steve Hodgson,...

LATEST ARTICLES

Class A office campus in Silicon Valley sold for $276m

A joint venture between Northridge Capital, LLC, the Washington, D.C.-based real estate investment and asset management firm, and Kamco Invest, the Kuwait-based asset management...

Slate Retail REIT completes $858m debt refinancing

Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, announced it has completed...

Octopus Real Estate provides £29.6m development loan for mixed-use site in London

Octopus Real Estate, part of Octopus Group and UK-based real estate lender and investor, has signed an agreement with Matching Green to...

ARA, QuadReal JV acquire Grade A office project in Melbourne

A joint venture between ARA Asset Management Limited (ARA), a global real assets fund manager, and QuadReal Property Group (QuadReal), a global...

Far East Consortium announces partnership for mixed-use scheme in East London

Hong Kong-based Far East Consortium International Limited (FEC) has announced a partnership with UK retailer Sainsbury’s to redevelop the site of Sainsbury’s...

ESR Australia announces management team appointments

ESR Australia announced a new management team appointments for New South Wales, Victoria and Queensland states. The company has appointed Scott Falvey...

ILPT announces $680m JV for its 12 industrial properties

Industrial Logistics Properties Trust Announces $680 Million Joint Venture for up to 12 of its Mainland Properties Industrial Logistics...

Skanska sells office building in Solna, Sweden for €310m

Skanska has sold an office building, Solna United, in Solna, Sweden, for SEK3.3 billion(app. €310 million) to a fund managed by DWS....

Hammerson completes largest UK retail parks portfolio sale in past decade

Hammerson plc has sold a portfolio of seven retail parks to Orion European Real Estate Fund V for £400m with expected net...

SCP Group acquires Real from Metro AG

SCP Group, a Luxembourg-based financial investment firm, has entered into an agreement with Metro AG to acquire 100% of Real, including Real’s...