Sunday, August 25, 2019

NORTH AMERICA

TerraCap Management buys Class A office buildings in Charlotte

Florida-based TerraCap Management LLC, a privately held investment firm, announced that it has acquired Class A office buildings, Resource Square I, II &...

SKB and Angelo Gordon sells office complex in Mill Valley, California

ScanlanKemperBard (SKB) and Angelo Gordon have sold Belvedere Place, a three-story, Class A office complex located in Mill Valley, California. The...

Coca-Cola closes sale of iconic New York building

The Coca-Cola Company announced that it has closed on the sale of 711 5th Ave., an iconic retail and office building in Manhattan,...

Paramount acquires office assets in San Francisco

Paramount Group, Inc. has completed the acquisition of a 44% joint venture interest in 55 Second Street. Located in San Francisco’s South Financial...

U.S commercial property price growth steady in July

U.S. commercial property prices held a steady pace of growth in July, shored up by industrial sector price gains, according to Real Capital...

Cap rates for CRE assets stable in H1 2019, says CBRE

An advantageous balance of moderate growth, low inflation, and falling long-term interest rates in the U.S. kept capitalization rates for commercial real...

UNITED KINGDOM

IM Properties submits plans for Jaguar Land Rover’s new campus

IM Properties has submitted plans for a 2.94 million sq ft campus for Jaguar Land Rover's new global aftermarket parts distribution centre...

Radisson Hotel Group to open resort in Kent, UK

Radisson Hotel Group has announced a partnership with The London Resort, a global entertainment destination due to open in 2024.

UK commercial property prime yields rise in July

The UK’s average all-sector commercial property prime yield has reached 4.90%, its highest level since November 2016, according to Savills, as yields...

PUMA signs lease for Barwood Capital’s warehouse in Yorkshire

Global sportswear company Puma has signed a lease agreement for Barwood Capital’s 261,000 sq ft ‘Super G’ speculative warehouse at Glasshoughton in...

Union Investment buys Dublin office property for €190M

Union Investment has acquired the 5 Hanover Quay office property in Dublin’s fast-growing South Docklands district from TIO South Docks Fund...

UK commercial property capital values decrease in July

UK commercial property capital values decreased -0.2% in July, according to the latest CBRE UK Monthly Index. Rental values increased 0.1% over...

EUROPE

Amsterdam office building sold to Dream Global

EPISO 4, an opportunistic real estate fund advised by Tristan Capital Partners, has sold a 10,412 sqm Amsterdam office building- Teleport/Sloterdijk Office- in...

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ASIA PACIFIC

Goodman Group profit up 11.4% to $942 million

Goodman Group announced its results for the full year ended 30 June 2019. The Group delivered operating profit of $942 million, up 11.4% on...

Cromwell buys Brisbane CBD office tower

ASX-listed real estate investor and manager Cromwell Property Group has agreed to buy 400 George Street, Brisbane CBD office tower, for A$524.75 million.

Singapore’s GIC buys 25.1% stake in Lendlease International Towers Sydney Trust

GIC, Singapore’s sovereign wealth fund, with US$100 billion in assets under management, will acquire a 25.1% stake in Lendlease International Towers Sydney...

China Fortune Land Development reports RMB 8.48bn H1 net profit

According to the 2019 Semi-annual Report released by China Fortune Land Development (CFLD) on August 16, in the first half of 2019, CFLD...

Charter Hall buys 49% stake in Telstra properties for A$700M

Australian telco Telstra Corp has sold a 49% stake in a newly established property trust to a consortium led by Charter Hall...

Australian commercial property market sentiment rise in Q2 2019

According to NAB’s Commercial Property Index, Australian commercial property market sentiment rose 9 points to +7 in the second quarter of 2019....

CRE FINANCE

Flexible workspace provider Knotel raises $400M from Kuwaiti fund

Knotel, a flexible workspace provider, has completed a $400 million financing, led by Wafra, an investment arm of the Sovereign Wealth Fund...

U.S commercial/multifamily mortgage loan originations rise 10% in Q2

U.S commercial and multifamily mortgage loan originations increased by 10 percent year-over-year in the second quarter of 2019, and rose 29 percent...

Country Bank and OceanFirst Financial announce merger agreement

Country Bank Holding Company, Inc., parent company of Country Bank, has announced the signing of a definitive merger agreement with OceanFirst...

Starwood Property Trust closes $1.1bn CRE CLO

Starwood Property Trust announced that the company closed STWD 2019-FL1, a $1.1 billion managed Commercial Real Estate Collateralized Loan Obligation ( the...

Commercial lending activity in U.S increases in Q2 2019

After a slow start in Q1 following market volatility at year-end, commercial real estate lending activity in the U.S gained traction in...

JLL arranges $300m construction loan for office development in Miami

JLL has arranged a $300 million construction loan for the development of 830 Brickell, a 1.03 million-square-foot, 56-story, Class A, marquis tower that includes...

REIT

Regional REIT acquires six office assets in UK for £25.9M

Regional REIT, the regional real estate investment specialist focused on building a diverse portfolio of income producing regional UK core and core plus office...

CAREERS

CBRE GI appoints new portfolio manager for EMEA flagship fund

CBRE Global Investors has appointed Jeroen de Grunt as the new Portfolio Manager for the CBRE Pan-European Core Fund (PEC).  Jeroen will...

LATEST ARTICLES

Bouwinvest Dutch fund attract €364mln in H2 2018

The Bouwinvest Dutch Residential, Office and Retail Funds, attracted a total of € 364 million in new institutional capital commitments in the...

Regional REIT buys Norfolk House, Birmingham central office for £20m

Regional REIT Limited has acquired the Norfolk House, Smallbrook Queensway, Birmingham, for a consideration of £20m with a current net initial yield of 7.92%, in...

LBBW agrees to provide €1.1 billion for the redevelopment of the Potsdamer Platz,Berlin

Landesbank Baden-Württemberg (LBBW) has agreed to provide EUR 1.1bn long-term financing to Brookfield Properties for the redevelopment of the Potsdamer Platz, Berlin....

Australian global insurer QBE to join Victoria Harbour’s latest commercial building

Australian global insurer QBE will join anchor tenant ANZ in Victoria Harbour’s latest commercial building at 839 Collins Street, according to Lendlase's latest...

Brookfield closes US$15 billion Global Real Estate Fund

Brookfield Asset Management announced the closing of its latest flagship global private real estate fund, Brookfield Strategic Real Estate Partners III (BSREP...

Michael O’Brien to become Managing Director, Global Real Estate at QIC

Mr Michael O’Brien has resigned as Chief Financial Officer (CFO) of Vicinity to become Managing Director, Global Real Estate at QIC, according...

Green light for £1bn Olympia London project

Deutsche Finance International and YOO Capital 's £1bn project to turn Olympia London into a world-leading cultural hub has been...

Canada’s Avison Young completes acquisition of U.K.-based GVA

Canada based global commercial real estate services firm Avison Young has completed the acquisition of U.K.-based GVA, real estate advisory firm .

LaSalle signs office lease agreement with Memorial Sloan Kettering in Manhattan

LaSalle Investment Management and William Macklowe Company have signed a long-term office lease agreement with Memorial Sloan Kettering for a new six-story...

Canada’s Ivanhoé Cambridge and Oxford Properties jointly to invest in IDI Logistics

Canada's Ivanhoé Cambridge and Oxford Properties announced that they have signed a 50-50 joint venture partnership agreement to invest in recently acquired...