Fundraising | May 29, 2018 Second offering of INVL Baltic Forests Fund I raises €10m by Andrea Zander Lithuanian asset management company INVL Asset Management has completed a second non-public offering of the INVL Baltic Forests Fund I for informed investors, raising €10 million ($12 million) in the process.
People | May 29, 2018 Oxygen Hospitality Group appoints CEO, buys first asset by Andrea Zander Oxygen Hospitality Group has named Yaron Ashkenazi as its CEO.
Investors | May 29, 2018 GVA’S property management team wins mandate from Brighton & Hove CC by Andrea Zander GVA has been appointed by Brighton & Hove City Council to provide strategic estate management advice and support for the Council’s property portfolio, comprising more than 650 assets and an annual rent roll of £7.85 million ($10.4 million).
Investors | May 29, 2018 TRS Illinois hires real estate management firms by Andrea Zander The $51.4 billion Teachers’ Retirement System (TRS) of Illinois has hired three management firms for its $5.6 billion real estate portfolio.
Transactions | May 29, 2018 Immofinanz rejects Starwood Capital bid by Andrea Zander Austria-based real estate firm Immofinanz AG has rejected a partial takeover offer from an affiliate of Starwood Capital Group.
Investors | May 29, 2018 AECOM establishes JV to advance transit-oriented development opportunities across People’s Republic of China by Andrea Zander AECOM has signed an agreement with Sunvision Holdings, a subsidiary of Shanghai-based Fosun, for the establishment of a joint venture company focused on developing transit-oriented development (TOD) project opportunities.
Research | May 29, 2018 Global real estate AUM increased 11.8% to $2.8t in 2017 by Andrea Zander Total global real estate assets under management (AUM) rose from $2.5 trillion at the end of 2016 to $2.8 trillion by the end of 2017, with fund managers of all sizes increasing the value of their assets, according to the Fund Manager Survey 2018 conducted by ANREV, INREV and NCREIF.
Investors | May 29, 2018 Blackstone makes another bid for Investa Office Fund by Andrea Zander Blackstone Group has made a A$3.08 billion ($2.3 billion) bid for Sydney-focused company Investa Office Fund.
Investors | May 25, 2018 Michigan Strategic Fund approves $2.7b in projects by Andrea Zander The Michigan Strategic Fund has approved a wide range of projects.
Transactions | May 25, 2018 J.P. Morgan and LGT buy German office portfolio for €230m by Andrea Zander A fund managed by J.P. Morgan Asset Management combined with LGT Capital Invest to acquire a property portfolio in Germany consisting of four office buildings located in Greater Munich area (two assets), Cologne and Düsseldorf.
Fundraising | May 25, 2018 Scape secures further capital for student accommodation fund by Andrea Zander Student accommodation developer Scape Australia has won further financial backing, this time from European and Middle Eastern investors.
Transactions | May 25, 2018 British Land submits plan for £4b water master plan by Andrea Zander British Land has entered into a master development agreement with Southwark Council for a £4 billion ($7.1 billion) redevelopment of 21.5 hectares in south-east London.
Fundraising | May 25, 2018 Dermody Properties seeks $550m for new industrial fund by Jody Barhanovich Dermody Properties, a Reno, Nevada-based firm that develops, acquires and invests in industrial real estate, has launched a new real estate fund.
Transactions | May 25, 2018 Boston approves $1.3b tower project by Andrea Zander The Boston Planning and Development Agency has approved Millennium Partners’ proposal to construct a 690-foot-tall office tower with 500 residential units, according to local media outlets.
Transactions | May 25, 2018 Canadian government blocks $1.2b sale of construction company to China government–owned firm by Andrea Zander Canada’s national security agencies have blocked the $1.2 billion sale of Canadian construction company Aecon Group to China’s CCCC International Holding (CCCI), citing national security.
Fundraising | May 25, 2018 Gaw Capital–backed firm launches $1.58b fund to build more rental housing by Andrea Zander Harbour, a Shanghai-based co-living space operator backed by Gaw Capital Partners and Trustbridge Partners, has launched a $1.58 billion buyout fund.
Transactions | May 25, 2018 Pure Industrial Real Estate/Blackstone acquisition closes by Andrea Zander Blackstone, and Ivanhoé Cambridge, a subsidiary of CDPQ, have acquired all of the issued and outstanding trust units of the Pure Industrial Real Estate Trust.
People | May 25, 2018 Heitman appoints new leader of global real estate securities business by Released Heitman has appointed Jerry Ehlinger, CFA, as senior managing director of Heitman Real Estate Securities, and global leader of the business.
Transactions | May 24, 2018 $1b Alameda mixed-use waterfront development breaks ground by Andrea Zander The City of Alameda in the San Francisco Bay Area and its private partner, Alameda Point Partners, have broken ground on the first phase of the $1 billion mixed-use, transit-oriented waterfront development at the gateway to Alameda Point, called Site A.
Investors | May 24, 2018 Madison Marquette and PMRG in merger discussions by Andrea Zander Madison Marquette and PMRG are in discussions to merge operations. Closing is anticipated in the next 30 days.
