Friday, July 19, 2019

NORTH AMERICA

Blackstone Strategic Partners closes eighth fund at $11.1bn

Strategic Partners, Blackstone’s secondary and fund solutions business, has announced the final close on over $11 billion for Strategic Partners VIII L.P....

Lendlease signs $15bn deal to develop Google’s Bay Area projects

Lendlease, a global property and infrastructure group, headquartered in Sydney and listed on the Australian Securities Exchange, has signed a deal worth...

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,...

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

WeWork signs lease with CapitaLand for 21 Collyer Quay in Singapore

CapitaLand Commercial Trust Management Limited, as manager of CapitaLand Commercial Trust (“CCT”), has signed a lease agreement with WeWork Singapore Pte. Ltd....

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...

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

Singapore based CDL Hospitality Trusts reports 1.1% growth in FY 2018

Singapore based REIT company CDL Hospitality Trusts, a stapled group comprising CDL Hospitality Real Estate Investment Trust (“H-REIT”), a real estate...

Office prices rise 2.4% in Singapore

Singapore's Urban Redevelopment Authority (URA) has released the real estate statistics for 4th Quarter 2018. According to the URA's...

JLL appoints Mary Bilbery Global Chief Human Resources Officer

JLL  announced that Mary Bilbrey has been appointed as Global Chief Human Resources Officer. Bilbrey joined JLL in early 2016 as...

REIT company Strategic Storage Trust acquires SSGT for $350 million

REIT company Strategic Storage Trust announced that it has completed its acquisition of Strategic Storage Growth Trust, Inc.

JLL : Over 30 percent of U.S. office market will be flexible by 2030

According to JLL’s latest research, U.S. office market has grown by an average of 23 percent each year since 2010. In 2018 alone,...

Detroit commercial real estate values increase 35 percent in 2018

Detroit's commercial real estate values increased by 35 percent in 2018 compared to last year after the city completed its first citywide...

South Korean firm buys Sanctuary Buildings for £285 million in London

South Korean investment firm Hana Asset Management has acquired The Sanctuary Buildings in Victoria,London from Blackstone Property Partners. Savills...

Tritax Big Box REIT acquires 87% stake in db Symmetry for £370 million

DBS HoldCo, a wholly-owned subsidiary of the Trtitax Big Box REIT, has conditionally agreed to acquire an 87 per cent. economic interest...

IC-Campus appoints Cornelia Kausch as its new COO

The International Campus Group has appointed hospitality expert Cornelia Kausch who has over 30 years of national and international experience in the...

Inter Continental Hotels Group opens its 100th Hotel Indigo

Inter Continental Hotels Group has opened its 100th Hotel Indigo® property globally, Hotel Indigo® Berlin East Side Gallery.