Here are the 10 most popular CRE Herald global commercial real estate (CRE) market news stories for the month.
Global investment firm The Carlyle Group has acquired Beechcroft, a UK developer specialising in for-sale senior housing, from Alchemy Partners. Financial terms of the transaction were not disclosed.
Hong Kong-based real estate private equity firm Gaw Capital Partners said on Monday that, through a fund under its management, and consortium partners, including Schroder Pamfleet have agreed to acquire CityPlaza One, the 21-storey Grade-A office tower in Hong Kong, from Swire Pacific and Swire Properties for HK$9.85 billion (US$1.27 billion).
Bain Capital Real Estate and Magnolia Capital have formed a $900 million joint venture to invest in multifamily housing in primary and secondary markets throughout the U.S.
CoStar Group, Inc. announced that it has reached an agreement to acquire Homesnap, Inc., a digital residential real estate solutions provider, for $250 million in cash.
Marriott International, Inc. has signed an agreement with Magellan Development Group to debut its St.Regis Hotels & Resorts brand at iconic Vista Tower project in Chicago.
Goodman Group, Canada Pension Plan Investment Board (CPP Investments) and APG Asset Management N.V. (APG) have each committed an additional £300 million of equity to investment vehicles in the UK, targeting the logistics sector.
DEAS Group, the asset and property management group in Denmark, is acquiring a Nordic real estate business from Aberdeen Standard Investments (ASI).
Invesco Real Estate (Invesco) has launched the Invesco Real Estate European Living Fund, an open-ended fund investing in pan-European residential assets.
ARA Asset Management Limited (ARA) said that its Korea subsidiary has completed the acquisition of Parc1 Tower II, a landmark office tower in Seoul, Korea, via a new private real estate fund managed by ARA Korea (REF) Limited.
Global institutional investors are set to prioritise investments into real assets over the next 12 months, as the COVID-19 pandemic continues to have a lasting impact on global economies and financial markets, according to the latest edition of Aviva Investors’ 2020 Real Assets Survey report Real Assets Study.