Friday, November 22, 2019

NORTH AMERICA

Japanese firm buys office building in New York

Japanese Shimizu Corporation has acquired Albano Building, an office property located in Manhattan, New York from Vanbarton Group, the real estate investment...

Amazon to open fulfillment center in Auburndale, Florida

Amazon plans to open a fulfillment center in Auburndale, Florida. It is expected to create more than 500 new full-time jobs in the...

U.S net-lease investment climbs in third quarter

U.S net-lease investment, comprising office, industrial and retail properties, increased by 30.2% year-over-year to $20.9 billion in Q3 2019, the third-highest quarterly...

U.S. commercial property prices increase in October

U.S. commercial property prices increased by 7.5 percent year-over-year in October, according to the latest Real Capital Analytics CPPI (Commercial Property Price Indices) summary...

Investcorp acquires US industrial property portfolio for $800m

Bahrain's Investcorp announced that its US-based real estate team has acquired a portfolio of 126 industrial properties totaling 10.2 million square feet...

U.S commercial real estate market to continue to grow in 2020, says CBRE

The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to CBRE’s...

UNITED KINGDOM

Legal & General invests £100m in Sunderland regeneration project

Legal & General has committed £100m to back Sunderland City Council’s extensive masterplan for the regeneration of the former Vaux Brewery site....

Hammerson sells St Oswald’s Retail Park for £54m in Gloucester

Hammerson plc has sold St Oswald’s Retail Park in Gloucester, to a local authority for £54 million. The sale price reflects a...

Park Hotels announces sale of Conrad Dublin

Park Hotels & Resorts and its joint venture partners have closed on the sale of their interests in the company that owns...

Tristan Fund buys prime development site in Bristol, UK

Tristan Capital Partners’ real estate fund, EPISO 5, has acquired a prime 1.3-acre freehold site in Bristol city centre, known as 4...

Unite Group gets CMA approval for £1.4bn Liberty Living acquisition

UK Competition and Markets Authority(CMA) has approved The Unite Group's acquisition of Liberty Living for £1.4 billion from Liberty Living Holdings Inc.('CPPIB Holdco'), a wholly...

Apollo signs pre-let at Derwent London’s 1 Soho Place

Derwent London has pre-let a further three floors of 1 Soho Place W1 to Apollo Management International, LLP, an affiliate of Apollo...

EUROPE

Pandox buys seven hotel properties in Germany for €290m

Pandox, a hotel property company in northern Europe, has acquired seven hotel properties with a total of 1,532 rooms in Germany from HR Group for...

MOST POPULAR

ASIA PACIFIC

Grade-A office tower in North Sydney sold for A$311M

Abacus Property Group has acquired 99 Walker Street, a Grade-A office tower in North Sydney, NSW from Oxford Investa Property Partners.

CapitaLand sells shopping mall in Singapore for S$296m

CapitaLand has entered into an agreement to sell The Star Vista shopping mall for S$296 million to Rock Productions, owner of The...

LaSalle launches Japan real estate fund

LaSalle Investment Management (“LaSalle”) has launched LaSalle Japan Property Fund, a private open-ended core real estate fund. The Fund...

Australia’s Stockland installs Amazon Locker in its retail centres

Stockland, a diversified Australian property group and the Australian Stock Exchange listed company, has partnered with tech giant Amazon, as the first Australian property...

CBRE GI buys office property in North Sydney for A$350m

CBRE Global Investors has acquired 118 Mount Street, a 21,012-square-meter trophy office development in North Sydney for A$350m ($239m), via a fund-through...

IHG to open three hotels in New Caledonia

InterContinental Hotels Group (IHG) will make a grand entrance into New Caledonia with the signing of three hotels that will open between 2021...

CRE FINANCE

CBRE buys UK real estate debt platform Laxfield Capital

CBRE has acquired Laxfield Capital, a real estate debt investment business with £818 million of assets under management in the United Kingdom....

Aviva Investors provides £136m long-term facility to Romulus

Aviva Investors has provided a GBP136 million, ten-year fixed rate facility, to Romulus, a London based property investment and development group, to...

CMBS market plays significant role in U.S CRE Finance industry, says MBA

The Mortgage Bankers Association (MBA) has released a new white paper, Role of CMBS in the Financing of Commercial and Multifamily Real Estate...

U.S commercial real estate lending activity remains positive in Q3

Commercial real estate lending activity remains positive after the Federal Reserve took steps to calm financial markets’ growing concerns over sluggish global...

Cromwell European REIT secures €625m facility for debt refinancing

Real estate investor and manager Cromwell Property Group has assisted Cromwell EREIT Management to raise and conduct a €625 million unsecured debt...

Chatham Financial buys London-based JCRA Group

Chatham Financial has acquired London based-JCRA Group to expand the firm’s presence in Europe. Chatham and JCRA specialize in...

REIT

Americold to acquire Canada’s Nova Cold Logistics for C$337M

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Americold Realty Trust announced it has entered into a definitive agreement to acquire Nova Cold Logistics, temperature-controlled operator based in Canada, for...

CAREERS

Christie Kelly joins Realty Income’s Board Of Directors

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Realty Income announced that Christie Kelly has joined Realty Income’s Board of Directors. Christie Kelly is the former Global Chief Financial Officer...

LATEST ARTICLES

UK commercial property values fell in January

According to the latest CBRE Monthly Index, UK commercial property capital values fell marginally by -0.1% in January 2019.

M7 Real Estate sells “Campus Offices” in Diemen to Greystar

M7 Real Estate Netherlands B.V, on behalf of M7 Real Estate Investment Partners IV (EREIP IV) Dutch Propco 2, has sold office...

Round Hill Capital refinances its industrial real estate portfolio

Asset management and real estate investment firm Round Hill Capital and private markets firm StepStone Group Real Estate LP have refinanced their...

Patrizia sells office buildings in Helsinki for €41m to Finnish investment fund

Real estate investment company PATRIZIA Immobilien AG has sold 5 office buildings, Itämerenkatu 5, in Ruoholahti office district ,Helsinki for EUR 41...

Preiss and Crow Holdings Capital acquire student housing complex in San Antonio

Student housing owner-operator The Preiss Company, and a private real estate fund advised by Crow Holdings Capital have jointly acquired the 694-bed...

Norges Bank :’Real estate to be an important part of the bank’s investment strategy’

Norges Bank has released a new statement about its new real estate investment strategy in the Government Pension Fund Global (GPFG) due...

Warburg-HIH launches new multi manager investment fund

Germany based Warburg-HIH Invest Real Estate (Warburg-HIH Invest) has launched new multi manager investment fund.The fund will focus on commercial properties in...

Northern European Cording buys industrial portfolio in Netherlands

Northern European real estate business ,Cording Real Estate Group (Cording) has bought an existing industrial portfolio from Focus Real Estate in...

Kier to construct Manchester Met student accommodation project

Kier will construct Manchester Metropolitan University (Manchester Met)'s student accommodation development, Birley Residences Phase 2 which  will be located at Manchester Met’s...

CBRE Australia expands its team with new appointments

CBRE Australia head office has expanded its Building, Depreciation and Cost Consultancy (BDCC) team with the appointment of five new staff members...