Here are the 10 most read CRE Herald global commercial real estate (CRE) market news stories for the month.
Singapore’s sovereign wealth fund GIC, along with Bill Gates’ Cascade Investment, L.L.C. and other investors have acquired stakes in StorageMart, the largest privately owned self-storage company in the world.
Alibaba Group Holding Limited will invest USD3.6 billion to acquire a controlling stake in Sun Art Retail Group Limited, a hypermarket and supermarket operator in China.
Bouwinvest Real Estate Investors and a second institutional real estate investor have entered into a strategic venture with Clarion Partners Europe to invest € 300 million in strategically located, core plus, value-add and build-to-core logistics opportunities across Europe.
U.S. has opened more hotels and rooms than any country during the coronavirus pandemic, between the beginning of March and end of September, according to data from STR.
Blackstone Real Estate Income Trust, Inc. (BREIT) said on Monday that it has entered into a definitive agreement to acquire Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion.
The Goldman Sachs Merchant Banking Division (GS MBD) has partnered with a seasoned management team, led by long-time data center industry executive Scott Peterson, to form Global Compute Infrastructure LP (Global Compute), a newly established global data center infrastructure platform.
PineBridge Investments, a private, global asset manager, has reached an agreement to acquire Benson Elliot Capital Management, a UK-based private equity real estate fund manager.
International property and investment group, Lendlease, in partnership with one of Australia’s largest superannuation funds, Aware Super, has acquired a 90 percent interest in a 2.6-acre site at 1 Java Street in Brooklyn, New York for the major urbanisation project.
ARA Dunedin Asset Management LLP (ARA Dunedin) has confirmed the acquisition of a 50 percent stake in the landmark Nova Estate (Nova) in Victoria, London by its capital partner, Singapore-listed Suntec Real Estate Investment Trust (Suntec REIT).
Volkswagen Group of America has signed a lease agreement with Boston Properties as an anchor tenant in Northern Virginia’s Reston Town Center development.
CRE Herald is the leading commercial real estate (CRE) news website focusing on domestic and global activities in the industry.
Packed with news, trends, insights and analysis, CRE Herald aims to inform commercial real estate executives, owners, investors, developers, brokers, finance professionals and new players to grow their businesses and make the right decision.