Transactions | Nov 14, 2018 Grainger to buy GRIP REIT for £396m by Andrea Zander U.K. residential landlord Grainger has agreed to buy out Dutch pension investor APG’s majority stake in GRIP REIT for £396 million ($514.6 million).
Research | Nov 14, 2018 Hong Kong’s Causeway Bay retakes top-spot as world’s most expensive retail street by Andrea Zander For the first time in five years, Hong Kong’s Causeway Bay has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, according to data from Cushman & Wakefield in its Main Streets Across the World report .
People | Nov 13, 2018 Steve Leigh to depart QIC by Andrea Zander Steve Leigh has stepped down from his role heading QIC Global Real Estate, according to The Australian.
Investors | Nov 13, 2018 Waypoint Residential launches Waypoint Student Living by Released Waypoint Residential has created Waypoint Student Living to manage Waypoint Residential’s student housing assets.
Research | Nov 13, 2018 Korean investors to boost allocations to alternatives in 2019 by Jennifer Molloy Korean institutional investors intend to increase their allocations to overseas infrastructure in 2019, nearly twice those planning to boost their overseas real estate investment next year, with global real estate portfolios already having reached their target proportions for a number of these investors.
Transactions | Nov 13, 2018 Amazon selects NYC HQ by Andrea Zander Amazon has entered into a letter of intent with Savanna to lease approximately 1 million square feet of office space at the iconic One Court Square office tower in New York’s Long Island City.
Research | Nov 13, 2018 China’s Greater Bay Area to rival the world’s leading bay areas, San Francisco, New York and Tokyo by Andrea Zander China’s Greater Bay Area is set to rival the world’s leading bay areas in San Francisco, New York and Tokyo, according to Cushman & Wakefield.
Transactions | Nov 13, 2018 Ivanhoé Cambridge acquires Cap Ampère office asset in Paris by Andrea Zander Ivanhoé Cambridge has acquired a 90,000-square-meter (969,000-square-foot) office-building campus in France from Natixis.
Investors | Nov 13, 2018 CBRE GIP and Pygmalion create European hotel venture by Andrea Zander CBRE Global Investment Partners (CBRE GIP) and Pygmalion Capital Advisers have established a strategic alliance to acquire and reposition hotel assets.
Investors | Nov 13, 2018 PECO, Northwestern Mutual form $415m grocery retail JV by Jody Barhanovich Phillips Edison & Co. and Northwestern Mutual have entered into a joint venture to create Grocery Retail Partners I.
Fundraising | Nov 13, 2018 Aermont Capital holds €2b final close for fourth European real estate fund by Jody Barhanovich Aermont Capital has held a €2 billion ($2.3 billion) final close for its fourth European real estate fund.
Fundraising | Nov 13, 2018 FCP holds $755m final close for fourth realty fund by Jody Barhanovich FCP, a privately held real estate investment company, has held a $755 million final close.
Transactions | Nov 13, 2018 CapitaLand-GIC JV acquires Shanghai’s tallest twin towers for $1.8b by Andrea Zander GIC has entered into a 50-50 joint venture to acquire Shanghai’s tallest twin towers for an aggregate consideration of RMB12.8 billion ($1.8 billion).
Transactions | Nov 13, 2018 Blackstone Mortgage Trust finances $278m for Colony Square in Midtown Atlanta by Released Holliday Fenoglio Fowler has secured $278.4 million financing of Colony Square, a mixed-use office and retail asset located in the heart of Midtown Atlanta.
Fundraising | Nov 12, 2018 Titan Development fund holds $112m final close, opens first project by Jody Barhanovich Titan Fund Management has completed the final closing of Titan Development Real Estate Fund I (TDREF) with total capital commitments in excess of $112 million from a globally diversified group of investors.
Transactions | Nov 12, 2018 San Francisco apartment portfolio sells for $260m by Andrea Zander Nahla Capital, a New York–based real estate private equity firm, has sold a 30-property multifamily portfolio for $260 million.
Research | Nov 12, 2018 World’s largest companies shifting focus toward flexible workspace by Andrea Zander The demand for flexible workspace is set to accelerate as over two-thirds of global corporates plan to increase their use of flexible co-working and collaborative space over the next three years, according to Knight Frank’s Your Space report.
Research | Nov 12, 2018 U.K.-wide demand for big-box logistics units remains strong over Q3 by Andrea Zander Demand for “big box” logistics assets remained buoyant in the third quarter, with large occupier take-up and investment deals taking place across the country, according to BNP Paribas Real Estate.
Investors | Nov 12, 2018 Investors set up senior living platform by Andrea Zander Corpus Sireo Real Estate, Cologne, and Addvalue Capital, Munich, have formed a joint venture called Belvita Invest.
Investors | Nov 9, 2018 Texas TRS commits $550m to LaSalle medical fund and Lone Star debt fund by Jody Barhanovich The $150 billion Teacher Retirement System of Texas has committed a total of $550 million to two real estate funds; one is an opportunistic fund and the other is a core fund.
