Tishman Speyer secures $300m first close for Korea living venture

by Released

Tishman Speyer has held a first closing for its Korea Living Venture (KLV), securing $300 million in third-party equity commitments from two blue-chip European pension funds for a new fund dedicated to acquiring, repositioning and developing multifamily and accommodation properties throughout Seoul.

Savills highlights global development viability challenges in office market

by Released

While rents have increased by an average of 13 percent for prime offices globally since 2020, the office delivery pipeline to the end of 2027 is now compressed, especially in the United States and Europe where it is now barely 8.9 million square foot in the former and 24.2 million square feet in the latter, according to Savills. In its Impacts thought leadership program, launched today 4 June, Savills says that cost inflation, labor shortages, elevated borrowing costs and increased regulation are undermining the viability of new projects, alongside economic and geopolitical uncertainty weighing on consumer and investor confidence.

Kennedy Wilson, APG form €2b residential JV to develop and manage over 3,400 private rented homes in Ireland

by Andrea Zander

Kennedy Wilson has formed a residential joint venture with APG, on behalf of, amongst others, Dutch pension fund ABP, one of the world's largest pension investors, to create a €2 billion ($tk billion) residential development and asset management platform.

Market perspective: Phoenix industrial demand reshaped by manufacturing, reshoring

by Andrea Zander

As industrial demand in Phoenix evolves, Bob O’Neill, executive vice president, CapRock Partners, discusses how the market is reshaping, from the rise of advanced manufacturing to the growing influence of reshoring and supply chain diversification. He addresses how large-scale corporate investments are driving new ecosystems of users and creating more complex, technology-oriented demand profiles across the region.