Investors | Jun 27, 2018 Related Group and Rockpoint form JV by Andrea Zander Related Group and Rockpoint Group have formed a $2 billion partnership for investing in value-add U.S. multifamily properties over the next two years.
Transactions | Jun 27, 2018 KIM pays £200m for office building in the City of London by Andrea Zander Korea Investment & Securities Co. (KIM) has acquired a 15-story office building in the City of London for £200.5 million ($266 million).
People | Jun 26, 2018 Eric Adler named chairman of PGIM’s real estate businesses by Released PGIM has named PGIM Real Estate CEO Eric Adler as its first chairman of PGIM’s real estate businesses.
Transactions | Jun 26, 2018 Developer to build Budapest’s highest office tower by Andrea Zander CEE developer-investor GTC White House has received planning permission for the development of the Twist, a new office building in the central business district of Budapest.
Fundraising | Jun 26, 2018 Brunswick Real Estate holds $745m final close for its largest Nordic real estate debt fund by Jody Barhanovich Brunswick Real Estate has held a SEK$6.6 billion ($745 million) final close for its second senior debt fund in the Nordics.
Investors | Jun 26, 2018 Crest Nicholson and M&G Real Estate announce third PRS partnership by Andrea Zander Crest Nicolson and M&G Real Estate have joined forces to fund the construction of 114 private rental homes in Arborfield Green, a new Berkshire garden village within a short commute of Wokingham and Reading in the United Kingdom.
Research | Jun 26, 2018 DCREC publishes white paper on generally accepted record keeping practices for private real estate funds in DC plans by Jody Barhanovich As part of its Best Practices publications, the Defined Contribution Real Estate Council (DCREC) has released a new white paper that discusses recordkeeping for private real estate funds in defined contribution plans.
Transactions | Jun 26, 2018 Gecina sells office properties near Paris by Andrea Zander Paris-based REIT/SIIC Gecina has sold two office portfolios located outside Paris for €775 million ($905 million).
Investors | Jun 26, 2018 LAGERS commits $165m to real estate funds by Jody Barhanovich The Missouri Local Government Employees Retirement System (LAGERS) has committed a total of $165 million to two real estate funds.
Investors | Jun 25, 2018 Suning teams up with Evergrande to build commercial complexes by Andrea Zander Home appliance and electronics retailer Suning.com Co. and Evergrande Group have agreed to set up a $20 billion yuan ($3 billion) joint venture to develop commercial complexes for entertainment and retail.
People | Jun 25, 2018 CalSTRS hires Scott Chan as deputy CIO by Jody Barhanovich The $224.9 billion California State Teachers’ Retirement System has hired Scott Chan as the new deputy chief investment officer.
Fundraising | Jun 25, 2018 New York Life holds final close for first national value-added vehicle by Jody Barhanovich New York Life Real Estate Investors, a division of New York Life Investors, has held a final close for its first dedicated national value-add vehicle.
Investors | Jun 25, 2018 JLL and Lendlease launch Singapore-based regional proptech accelerator by Released JLL and Lendlease have jointly launched Propell Asia, the first Singapore-based regional property technology (proptech) accelerator that will connect ambitious startups to Asia Pacific’s commercial real estate market, which was worth $16 trillion in 2017 and is set to grow to $19.5 trillion by 2020.
Fundraising | Jun 25, 2018 ESR announces pre-IPO investment from CLSA’s CSOBOR Fund by Andrea Zander ESR has closed a pre-IPO investment from CITIC Securities One-Belt-One-Road (CSOBOR) Fund.
Fundraising | Jun 25, 2018 ALTO raises $110m for third value-add retail fund by Jody Barhanovich ALTO Real Estate Funds, a boutique investment company, has raised $110 million for its third value-add retail fund.
Transactions | Jun 25, 2018 Hispania to accept Blackstone’s €2b offer by Andrea Zander Spanish REIT Hispania Activos Inmobiliarios has agreed to be bought by Blackstone Group for €2 billion ($2.3 billion).
Investors | Jun 25, 2018 Allianz invests €400m in London student housing platform by Andrea Zander Greystar Real Estate Partners, PSP Investments and Allianz Real Estate have formed a joint venture to grow Chapter, London’s leading student accommodation brand.
Transactions | Jun 25, 2018 Vesteda acquires €1.5b Dutch residential portfolio by Andrea Zander NN Group has sold a Dutch residential real estate portfolio of 6,777 units for a total consideration of approximately €1.5 billion ($1.8 billion).
Transactions | Jun 25, 2018 CBRE Global Investors Fund acquires waterfront office tower in Oakland by Released The CBRE Strategic Partners U.S. Value 8 fund has acquired 2100 Powell in Emeryville, Calif., a 16-story, 346,025-square-foot best-in-class waterfront office tower with a four-level parking garage.
Transactions | Jun 25, 2018 Greystar Realty Partners to acquire Education Realty Trust for $4.6b by Andrea Zander Greystar Student Housing Growth and Income Fund (GEdR), Greystar Realty Partners’ newly formed perpetual-life vehicle, has agreed to acquire Education Realty Trust for $4.6 billion.
