The 10 most read CRE Herald news stories in October

The 10 most read CRE Herald news stories in October

Here are the 10 most read CRE Herald global commercial real estate (CRE) market news stories for the month.

Bill Gates’ Cascade Investment, GIC buy stakes in StorageMart

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 to invest $3.6bn in Chinese supermarket chain Sun Art

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, Clarion Partners to invest €300m in European logistics market

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. opens more hotels than any country during pandemic

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 announces acquisition of Simply Self Storage for $1.2bn

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.

Goldman Sachs commits $500m to form data center infrastructure platform

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 to acquire Benson Elliot Capital Management

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.

Lendlease announces major urbanisation project in New York

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.

Suntec REIT to acquire 50% interest in London commercial property for £430.6m

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 signs lease for new headquarters in Northern Virginia

Volkswagen Group of America has signed a lease agreement with Boston Properties as an anchor tenant in Northern Virginia’s Reston Town Center development.

READ ALSO : CRE Herald’s best trending industry news in September

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