Investors | Oct 17, 2018 Peel to launch home-building division by Andrea Zander Phil Wilson has been appointed chief executive of a home-building division at U.K.-based Peel Land & Property that will be officially launched later this year with a new brand and management team.
Transactions | Oct 17, 2018 LBG Real Estate to redevelop East Bay mall in billion-dollar project by Andrea Zander Los Angeles–based LBG Real Estate Cos. has plans to execute a rebranding and re-tenanting plan for its recently acquired the Shops at Hilltop, a 1.2 million-square-foot shopping center in the San Francisco East Bay submarket of Richmond, Calif.
Transactions | Oct 17, 2018 Canary Wharf’s Citigroup skyscraper goes on the market for £1.2b by Andrea Zander The owner of Citigroup’s iconic Canary Wharf tower is bringing the building to market for approximately £1.2 billion ($1.6 billion), according to European outlets.
Transactions | Oct 17, 2018 Blackstone Real Estate Partners acquires The Ritz-Carlton, Kapalua by Andrea Zander A joint venture among funds managed by the Real Estate Group of Ares Management, SMW Hospitality (a joint venture between affiliates of Square Mile Capital Management and Wafra), and Trinity Real Estate Investments has sold The Ritz-Carlton, Kapalua in Maui, Hawaii, to Blackstone Real Estate Partners.
Transactions | Oct 17, 2018 Atria Senior Living starts new $3b senior living communities JV with Related Cos. by Jody Barhanovich Atria Senior Living has started a new joint venture with real estate firm Related Cos. to develop, own and operate more than $3 billion of senior living communities in major urban markets across the United States.
Investors | Oct 17, 2018 LaSalle backs Apache Capital’s U.K. BTR scheme by Andrea Zander Apache Capital Partners has secured a new four-year £58.5 million ($76.9 million) senior debt facility, with an option to extend for two years, with LaSalle Investment Management.
Transactions | Oct 17, 2018 KKR and Regal London acquire strategic new site in London’s SW9 by Andrea Zander Regal London and joint venture partner KKR have acquired a strategic new site at 340a Clapham Road, SW9, situated between Stockwell and Clapham North in London.
Research | Oct 17, 2018 Poland: Excellent retail investment performance and an influx of new brands by Andrea Zander To date, total retail investment volume in Poland recorded in 2018 already exceeds €2.1 billion ($2.4 billion), more than the result for the whole of 2017, and it should exceed €3 billion ($3.5 billion) by the end of the year, according to JLL.
Investors | Oct 17, 2018 Pennsylvania PSERS commits $700m to two real estate funds by Jody Barhanovich The $56.7 billion Pennsylvania Public School Employees’ Retirement System has committed up to $700 million to two real estate funds.
Transactions | Oct 17, 2018 HFF secures $341m in construction financing and JV equity for waterfront condominium tower in Boston by Jody Barhanovich Holliday Fenoglio Fowler has arranged $341 million in construction financing and joint venture equity for the development of The St. Regis Residences, Boston.
People | Oct 17, 2018 Primonial REIM appoints new real estate head by Andrea Zander Laetitia Trier has been appointed director of real estate investments at French firm Primonial REIM.
Fundraising | Oct 16, 2018 Aegon Real Assets U.S. closes 10th multi-investor LIHTC fund offering by Andrea Zander Aegon Real Assets U.S. (Aegon RA) announced the closing of a $135 million national low-income housing tax credit fund sponsored by Aegon RA.
Fundraising | Oct 16, 2018 Newcore Capital launches fourth value-add U.K. social infrastructure, storage and accommodation fund by Jody Barhanovich Newcore Capital Management has launched Newcore Strategic Situations IV, a £100 million ($132 million) value-add fund for institutional and family office investors that will invest in U.K. real estate assets linked to social infrastructure, storage and accommodation.
Transactions | Oct 16, 2018 Henderson Park completes acquisition of Westin Paris-Vendôme Hotel for €550m by Andrea Zander Henderson Park has completed the €550 million ($637 million) purchase of one of Paris’ largest and most historic hotels, the Westin Paris-Vendôme, from GIC.
Investors | Oct 16, 2018 BNP Paribas Real Estate Property Management launches innovative flexible lettings model by Released BNP Paribas Real Estate’s Property Management business line has announced a new service offer for European investors’ residential properties.
Investors | Oct 16, 2018 Tennessee Consolidated Retirement System commits $65m to Asana Partners fund by Jody Barhanovich The $49.5 billion Tennessee Consolidated Retirement System has committed $65 million to a fund managed by Asana Partners.
Investors | Oct 16, 2018 Pennsylvania PSERS earns 9.27% in FY 2018 by Jody Barhanovich The Public School Employees’ Retirement System (PSERS) has posted a positive return of 9.27 percent for the fiscal year ended June 30, 2018, and earned $4.7 billion in investment income net of fees.
Research | Oct 16, 2018 Asia Pacific to power the largest expansion of data centers globally by Andrea Zander Data center investments will continue to grow in Asia Pacific, with investor interest rising in the emerging markets of China, India and Indonesia, according to JLL. With a growing demand for data storage, many companies are looking to rent a share of facilities, rather than own a center. This demand means that Asia Pacific revenue for shared or colocation data centers is expected to overtake the United States, rising to 40 percent of global share by 2020.
Transactions | Oct 16, 2018 PAG Real Estate responds to Spring REIT’s recommendation to unitholders by Released RE Strategic Investments Pte. Ltd., an entity associated with PAG Real Estate, has responded to the independent financial adviser (IFA) letter issued to Spring REIT Unitholders.
Transactions | Oct 16, 2018 Pretium Partners acquires Selene Holdings by Released New York–based alternative investment manager Pretium Partners has entered into a definitive agreement to acquire Selene Holdings.
