News | Institutional Real Estate, Inc.

Transactions | Dec 3, 2021

CBRE Investment Management and Portus Retail closes largest European single-asset retail park transaction in two years

by Released

CBRE Investment Management as sold BIG Shopping Park in Copenhagen.

Transactions | Dec 3, 2021

NPS, LaSalle pay $1.65b for London office

by Andrea Zander

South Korea’s National Pension Service with LaSalle Investment Management has reportedly paid £1.25 billion (€1.46 billion/$1.65 billion) for UBS Group AG’s London headquarters at 5 Broadgate.

Transactions | Dec 3, 2021

Shorenstein Properties buys asset in Denver

by Andrea Zander

Shorenstein Properties has acquired Rev360.

Transactions | Dec 3, 2021

Life Science REIT makes maiden purchase

by Andrea Zander

Life Science REIT, the recently launched real estate investment trust focused on U.K. life science properties, has completed its maiden acquisition with a £77 million (€90 million/$102 million) purchase in London.

Transactions | Dec 3, 2021

Blackstone buys stake in Grosvenor Place for $649m

by Andrea Zander

Dexus has settled on the sale of a 50 percent interest in Grosvenor Place, Sydney.

Transactions | Dec 2, 2021

Cain and PGIM Real Estate agree on U.K. development funding

by Released

Cain International and PGIM Real Estate have agreed to provide a development loan of £191 million (€225 million/$254 million) to finance Union, Vita Group’s new 500,000-square-foot build-to-rent (BTR) development in Manchester, United Kingdom.

Transactions | Dec 2, 2021

Digital Edge completes its largest acquisition to date in Japan

by Released

Digital Edge (Singapore) Holdings Pte. Ltd. announced the acquisition of five data-center assets from Itochu Techno-Solutions (CTC) for a total purchase price of approximately $230 million (JPY26 billion), representing Digital Edge’s largest single investment in Japan to date.

Transactions | Dec 2, 2021

BNP Paribas REIM fund and partner buy office building in Brussels

by Released

BNP Paribas REIM Belgium with its partner has acquired an office building located in Brussels.

Transactions | Dec 2, 2021

Bell Partners acquires two multifamily communities in Atlanta

by Released

Bell Partners has acquired the Berkshire Terminus and Berkshire Howell Mill multifamily communities in Atlanta.

Transactions | Dec 2, 2021

Frasers Logistics & Commercial Trust to divest a leasehold property in Port Melbourne for $30m

by Released

Frasers Logistics & Commercial Asset Management Pte. Ltd., the manager of Frasers Logistics & Commercial Trust (FLCT), has entered into a sale and purchase agreement.

Transactions | Dec 2, 2021

Singaporean investor buys WeWork City of London office

by Andrea Zander

Singaporean investment firm Sun Venture has plans to buy WeWork’s freehold office buildings in London.

Transactions | Dec 2, 2021

Premier Orange County office sells for $103m

by Released

IRA Capital has paid $103 million for 2722 Michelson.

Transactions | Dec 2, 2021

Pebblebrook Hotel Trust buys La Jolla, Calif., hotel for $108m

by Released

Pebblebrook Hotel Trust has acquired the AAA Four Diamond 210-room Estancia La Jolla Hotel & Spa in La Jolla, Calif.

Transactions | Dec 2, 2021

Lightstone acquires 7,810-unit suburban Detroit multifamily portfolio

by Released

Lightstone, a privately held real estate company, has acquired a 27-asset multifamily portfolio in suburban Detroit.

Transactions | Dec 1, 2021

UniSuper and Australian Catholic Superannuation fund mull merger

by Kali Persall

Two Australian pension funds, the A$105 billion ($74 billion) UniSuper fund and the A$11 billion ($7.8 billion) Australian Catholic Superannuation (ACS) fund have agreed to explore a potential merger.

Newsline

CBRE Investment Management and Portus Retail closes largest European single-asset retail park transaction in two years

NPS, LaSalle pay $1.65b for London office

Shorenstein Properties buys asset in Denver

Life Science REIT makes maiden purchase

Blackstone buys stake in Grosvenor Place for $649m

Cain and PGIM Real Estate agree on U.K. development funding

Digital Edge completes its largest acquisition to date in Japan

BNP Paribas REIM fund and partner buy office building in Brussels

Bell Partners acquires two multifamily communities in Atlanta

Frasers Logistics & Commercial Trust to divest a leasehold property in Port Melbourne for $30m

Singaporean investor buys WeWork City of London office

Premier Orange County office sells for $103m

Pebblebrook Hotel Trust buys La Jolla, Calif., hotel for $108m

Lightstone acquires 7,810-unit suburban Detroit multifamily portfolio

UniSuper and Australian Catholic Superannuation fund mull merger

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