Research | Sep 5, 2018 First signs of pricing and rental correction appear in U.K. retail by Marek Handzel The United Kingdom’s retail sector is showing signs of a pricing and rental correction, according to UBS Asset Management – Real Estate & Private Markets.
Investors | Sep 5, 2018 Recent commercial real estate commitments by Loretta Clodfelter IREI’s FundTracker captured 29 real estate commitments in the past month.
Transactions | Sep 5, 2018 MPT enters 50% JV with Primonial, marking largest real estate healthcare transaction in Europe by Andrea Zander Medical Properties Trust (MPT) has sold a 50 percent stake in its MEDIAN Kliniken portfolio in Germany.
Transactions | Sep 5, 2018 Aberdeen Standard Investments Fund makes two deals by Released Aberdeen Standard Investments has agreed two deals for its Pan-European Residential Property Fund, a total investment of €120 million ($139 million) in Paris and Vienna.
Transactions | Sep 5, 2018 Ascentris stabilizes Austin office properties, plans additional development by Released Ascentris, a Denver-based real estate private equity firm, announced today the stabilization of Paloma Ridge, a 211,000-square-foot class A office campus.
Fundraising | Sep 4, 2018 Bentall Kennedy holds C$305m final close for Canadian property fund by Jody Barhanovich Bentall Kennedy (Canada) Limited Partnership, a Sun Life Investment Management company and a global real estate investment adviser, has held a C$305 million ($231.2 million) final close.
Transactions | Sep 4, 2018 Canada’s Oxford battles Blackstone for Investa by Andrea Zander Oxford Properties Group, the investment arm of Ontario Municipal Employees Retirement System, has placed a last-minute A$3.3 million ($2.4 billion) bid for Australian office owner Investa Office Fund.
Transactions | Sep 4, 2018 CityCenter Holdings sells Mandarin Oriental Las Vegas for $214m by Andrea Zander CityCenter Holdings, a venture between MGM Resorts International MGM and Infinity World Development Corp, has closed on the sale of the Mandarin Oriental Las Vegas.
Investors | Sep 4, 2018 SCERS’ earnings exceed 10% in FY 2017–2018 by Jody Barhanovich The Sacramento County Employees’ Retirement System (SCERS) has announced a preliminary total fund return of 10.1 percent, gross of investment management fees, for the fiscal year ending June 30, 2018.
People | Sep 4, 2018 HB Reavis appoints new U.K. CEO by Andrea Zander Commercial property developer HB Reavis has named Steven Skinner as its new U.K. chief executive.
Investors | Sep 4, 2018 SWIB invests $335m in three real estate funds by Jody Barhanovich The $117 billion State of Wisconsin Investment Board has committed a total of $335 million to three real estate funds, according to board meeting documents.
Transactions | Sep 4, 2018 Heitman forms second JV for Australian real estate by Andrea Zander Heitman has formed a 50–50 second joint venture with Abacus Property Group to acquire an office tower in Australia for A$170 million ($122 million).
Fundraising | Sep 4, 2018 UPDATED: Mack Real Estate raises additional capital for debt fund by Jody Barhanovich Mack Real Estate Capital, a provider real estate investment services, has raised additional capital for its real estate debt fund.
People | Sep 4, 2018 Colliers Germany names new head of investment by Andrea Zander Colliers International has named Christian Kadel as its new head of capital markets Germany.
Research | Sep 4, 2018 Singapore investors lead Asian outbound investment in H1 2018 by Andrea Zander Asian outbound capital deployment remains robust amid a recent slowdown of Chinese outbound real estate investment. In the first half of 2018, outbound investment activity totaled $25.3 billion, led by Singaporean capital, which accounted for 36 percent of the region’s total, according to recent data compiled by CBRE.
People | Sep 4, 2018 Equity Residential CEO to retire by Released Equity Residential has announced key executive management changes as part of its succession planning program.
Transactions | Sep 4, 2018 225 convenience stores sell for $330m by Andrea Zander Westlake, Ohio-based TravelCenters of America has entered a definitive agreement for the sale of TA’s Minit Mart convenience store business for approximately $330.8 million to U.K.-based EG Group.
People | Sep 4, 2018 Cromwell names acting CEO, continues search by Andrea Zander Cromwell European REIT has named Simon Garing as its acting CEO, while the search for a permanent appointee is under way.
Investors | Aug 31, 2018 Australia’s Future Fund reports 9.3% annual return by Jody Barhanovich Australia’s Future Fund has reported an annual return of 9.3 percent for the fiscal year ended June 30. The fund’s investment portfolio now stands at A$145.8 billion ($105 billion).
Transactions | Aug 31, 2018 Moody’s Corp. buys Reis Inc. for $278m, expands analytics capabilities by Release Moody’s Corporation and Reis, Inc. have entered into a definitive merger agreement for Moody’s to acquire all outstanding shares of Reis in an all-cash transaction valued at approximately $278 million.
