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.
Fundraising | May 24, 2018 Crestline launches $300m hotel fund by Andrea Zander Crestline Hotels & Resorts has created a $300 million fund that it will use to acquire hotels and invest in properties with strategic capital partners.
Investors | May 24, 2018 M&G Real Estate appoints Equiem to launch digital tenant engagement platform by Released M&G Real Estate has appointed global proptech and services company Equiem to launch a digital property management system.
Investors | May 24, 2018 Bouwinvest, TH Real Estate and Kenedix partner in Tokyo multifamily investment by Andrea Zander TH Real Estate has formed a partnership with Dutch real estate investor Bouwinvest as a cornerstone investor, for a new Tokyo Multifamily investment vehicle, which has secured six assets in Central Tokyo for $180 million.
People | May 24, 2018 Saban Real Estate appoints managing director, asset management by Released Saban Real Estate has appointed Scott Anderson as managing director of asset management, effective immediately.
People | May 24, 2018 La Française adds to international real estate business development team by Andrea Zander La Française has appointed Anne Génot as head of real estate business development dedicated to the European market.
Fundraising | May 24, 2018 Rockpoint Group launches new growth and income real estate fund by Jody Barhanovich Rockpoint Group, a real estate private equity firm based in Boston, has launched its newest real estate fund.
Investors | May 24, 2018 Tritax plans European logistics REIT by Andrea Zander Tritax, the investment manager of Tritax Big Box REIT, is exploring the launch of a new U.K. investment trust focused on investing in the Continental European logistics market through an initial public offering on the London Stock Exchange.
Fundraising | May 24, 2018 La Française raises €150m for retirement homes fund by Andrea Zander A fund managed by La Française Real Estate Managers and launched in October 2016 has successfully held a €150 million ($175 million) final close.
Investors | May 23, 2018 Apple Leisure Group and NH Hotel Group announce strategic alliance to jointly operate beachfront resorts in Europe by Released Apple Leisure Group and NH Hotel Group have formed a strategic alliance to bring AMResorts’ brands to Europe.
Research | May 23, 2018 JLL expects retail investment sales activity to pick-up in second half of 2018 by Andrea Zander With Congress’ recent passing of the Tax Cuts and Jobs Act, U.S. gross domestic product (GDP) growth in 2018 is expected to exceed last year’s increase, which bodes well for the retail sector. Overall, commercial real estate transaction volumes have exceeded expectations, but investment into retail assets reached just $12.8 billion during January to April 2018, according to JLL.
Transactions | May 23, 2018 Centuria and Lederer buy 80 Grenfell Street in Adelaide by Andrea Zander Centuria Capital subsidiary, Centuria Property Funds Limited, and capital partner Lederer Group have exchanged unconditional contracts to acquire Adelaide’s premier office building, 80 Grenfell Street, for A$184.6 million ($139.1 million).
