Fundraising | Jun 27, 2018 Niam AB launches new Nordic real estate fund by Jody Barhanovich Niam AB, a private equity real estate firm based in Stockholm, has launched its next Nordic-focused real estate fund.
People | Jun 27, 2018 CBRE Hotels appoints new EMEA head by Released CBRE Hotels has appointed Colin Low as head of Hotel Investment Properties for Europe, the Middle East & Africa (EMEA) as it continues to strengthen its hotels transaction business.
Investors | Jun 27, 2018 Kentucky TRS commits equity to TA Associates Realty fund by Jody Barhanovich The $18.1 billion Teachers’ Retirement System of Kentucky has committed equity to a fund managed by TA Associates Realty.
Transactions | Jun 27, 2018 Stratford office projects sold to DWS for £240m by Andrea Zander European fund manager DWS, formerly known as Deutsche Bank Asset Management, has bought an office project in Stratford’s International Quarter London (IQL) for £240 million ($315 million).
Research | Jun 27, 2018 U.K. defies Brexit gloom by dominating Savills Investment Management’s 2018 Dynamic Cities index by Andrea Zander Five of the top 20 European cities ranked by Savills Investment Management’s 2018 Dynamic Cities are in the United Kingdom, the highest amount of any country. Germany and Switzerland tied for second place, with three cities each.
People | Jun 27, 2018 Ontario Teachers’ appoints Ziad Hindo as CIO by Released The $189.5 billion Ontario Teachers’ Pension Plan has appointed two new members to its executive team.
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.
