Transactions | May 23, 2019 Dynamic Star proposes $3.5b Bronx mixed-use project by Andrea Zander Dynamic Star has proposed building a $3.5 billion mixed-use project along the waterfront in the Bronx, N.Y., reported local media outlets.
Investors | May 23, 2019 COIMA targets €10b in investments in urban regeneration projects by Released COIMA has launched a program of regeneration projects in partnership with a number of leading Italian and international institutional investors.
Transactions | May 23, 2019 The Student Hotel to develop landmark Florence mixed-use project by Released The Student Hotel is pushing ahead with its plan for a landmark 82,000-square-meter (883,000-square-foot) mixed-use development, anchored by a 550-room TSH hotel, in Belfiore near the city center of Florence.
Investors | May 23, 2019 PATRIZIA Immobilien AG changes name by Released PATRIZIA Immobilien AG, the global partner for pan-European real estate investment, is changing its legal name.
Research | May 23, 2019 Asia Pacific retailers adopt cautious approach to expansion by Andrea Zander Asia Pacific retail leasing markets were quiet in the first quarter 2019 as most retailers adopted a cautious approach to expansion amid downcast sales performance, reported CBRE.
Transactions | May 23, 2019 AXA Investment Managers – Real Assets completes acquisition of Irish forestry portfolio by Released AXA Investment Managers – Real Assets has completed the acquisition, on behalf of clients, of a 4,074-hectare forestry portfolio, in Ireland.
Real Estate | May 22, 2019 Earnings of U.S. equity REITs rose to $15.9b in the first quarter by Andrea Zander Funds from operations (FFO) for U.S. equity REITs rose to $15.9 billion in the first quarter of 2019, according to the Nareit Total REIT Industry Tracker Series (T-Tracker®) report.
Research | May 22, 2019 Total global real estate AUM grows to $3.2 trillion in 2018 by Andrea Zander Total real estate assets under management (AUM) grew by 12 percent from $2.8 trillion in 2017 to $3.2 trillion in 2018, supported by the growth in AUM of the largest managers, according to the latest ANREV / INREV / NCREIF Fund Manager Survey.
Transactions | May 22, 2019 ESR enlarges its footprint in the Singapore REIT market by Released ESR, through its indirect wholly-owned subsidiary, InfinitySub Pte. Ltd., has entered into a sale and purchase agreement with Vibrant Group.
Fundraising | May 22, 2019 SC Capital Partners holds $850m final close by Released SC Capital Partners Group has held a final closing for its fifth discretionary real estate private equity fund.
Research | May 22, 2019 New report says banks hold more real estate debt than thought by Andrea Zander Commercial real estate lenders may have much greater risk exposure than publicly recognized in the event of a recession, according to a Fortune article, citing real estate data firm CrediFi.
Fundraising | May 22, 2019 Warburg-HIH creates German cities office fund by Andrea Zander Warburg-HIH Invest Real Estate has plans to launch a new open-ended fund to invest in core and core-plus office properties in Germany.
Research | May 22, 2019 Credit Benchmark: Risk alarm on U.S. housing and construction going off by Released The average probability of default for a basket of U.S. household goods and home construction companies has increased more than 3 percent over the past month and by roughly 6 percent since October 2018, according to data from the Commerce Department.
Fundraising | May 21, 2019 Basis Investment Group closes oversubscribed first commingled fund by Released Basis Investment Group has held the final closing of its first commingled, closed-end fund.
People | May 21, 2019 Unico appoints Lori Hill as senior vice president of investor management by Kali Persall Unico Properties, a private equity real estate investment firm and subsidiary of Unico Investment Group, has named Lori Hill as senior vice president of investor management.
People | May 21, 2019 Cerberus appoints new global head of real estate fundraising by Released Grant Berlin has joined Cerberus Capital Management as a senior managing director and global head of real estate fundraising.
People | May 21, 2019 Kerry Properties names new CEO by Released Hong Kong–listed Kerry Properties has named Kuok Khoon Hua as its new CEO and vice chairman.
Transactions | May 21, 2019 Australia’s Scentre sells stake in Sydney shopping center for $396m by Andrea Zander Australian shopping mall owner Scentre Group has sold its 50 percent stake in Westfield Burwood, located in Sydney, for A$575 million ($396 million).
Fundraising | May 21, 2019 Real I.S. launches new “Australia 10” private investment fund by Released Real I.S. AG has launched a new closed-ended private AIF.
Transactions | May 21, 2019 South Korean investor buys Vienna office for €300m by Andrea Zander Quadoro Real Estate GmbH, consultant to the GENO EuropaFonds, Wien fund, has brokered the sale of the “T-Center” in Vienna’s 3rd district to a South Korean investor consortium led by KTB Investment & Securities and KTB Asset Management.
