Black Creek Industrial REIT IV buys industrial portfolio from Prologis for $920m
Black Creek Industrial REIT IV, a fund managed by Ares Management Corporation, has acquired 48 industrial properties totaling 8.3 million square feet from affiliates...
LXi REIT buys nursery school portfolio for £34m
LXi REIT has acquired a portfolio of 23 nursery schools in England for £34 million, in a sale and lease back transaction, reflecting an accretive 5.5%...
Custodian REIT sells seven industrial properties for £32.6m
UK property investment company Custodian REIT has sold a portfolio of seven industrial properties to Investcorp for £32.6 million.
The portfolio comprises five industrial sites...
Vornado secures $950m refinancing for Manhattan office building
Vornado Realty Trust has secured a $950 million refinancing for 1290 Avenue of the Americas, a 2.1 million square foot Class A Manhattan office building.
The...
LondonMetric buys cold storage and logistics development for £53.4m
LondonMetric has acquired a cold storage and logistics warehouse development for £53.4 million.
The 300,000 sq ft building is pre-let on a 25 year lease to...
LXi REIT fully deploys proceeds from £250m capital raise
LXi REIT has fully deployed the net proceeds of the £250 million capital raise with the new acquisitions worth £73 million.
The acquisitions, which have...
VICI Properties completes acquisition of MGM Growth Properties
VICI Properties has completed its previously announced acquisition of MGM Growth Properties (MGP) for $17.2 billion.
Simultaneous with the closing of the MGP acquisition,...
Frasers Property to take hospitality arm private
Frasers Property will take its Singapore-listed hospitality arm, Frasers Hospitality Trust, private in a deal valuing the REIT at S$1.35 billion ($970 million).
Frasers Property has...
Addington divests mixed-use property in Cheltenham
Addington Capital has sold 109-117 High Street, Cheltenham, a mixed-use retail and offices property, to Picton (UK) REIT (SPV) Limited for £5.3 million.
The mixed-use...
British Land JV plans 300,000 sq ft life sciences building at Canada Water scheme
British Land and AustralianSuper have appointed Stanton Williams to design a 300,000 sq ft life sciences building as part of the second phase of...
LondonMetric sells five urban assets for £43m
LondonMetric Property has agreed to sell five urban assets for £42.8 million, reflecting a NIY of 4.5%.
The combined sales are in line with...
Warehouse REIT sells two assets for £9.5m
Warehouse REIT has sold two assets totalling £9.5 million, together 30% ahead of the 31 March 2023 book value, reflecting an average net initial...
