Research | May 31, 2024 European logistics remains favorite as take-up and values are projected to recover by Andrea Zander European logistics transaction prices have already stabilized and are expected to rebound quickest of any sector, according to AEW’s monthly report for May 2024.
Research | May 31, 2024 Asian cities dominate Savills list of fastest-developing cities globally by Released Fourteen of the 15 fastest growing cities by 2033 are likely to be in Asia, according to Savills, posing particular opportunities for new development and business expansion, with the only non-Asian city to feature in the top 15 list being Riyadh in Saudi Arabia.Â
Transactions | May 31, 2024 Mapletree Pan Asia Commercial Trust sells office building in Singapore for $574m by Released MPACT Management Ltd., as manager of Mapletree Pan Asia Commercial Trust (MPACT) has entered into a put and call option agreement with an unrelated third party, to divest Mapletree Anson for S$775.0 million ($574 million).
People | May 31, 2024 DWS appoints chief investment officer, real estate APAC by Released DWS has announced that Matthias Naumann has been appointed to the position as CIO, real estate for Asia Pacific, based in Sydney and relocating from DWS’ Frankfurt headquarters.
Transactions | May 30, 2024 AXA IM Alts completes Altiplano office development in Paris La Défense by Released AXA IM Alts has completed its Altiplano office development in La Défense, Paris.
Research | May 30, 2024 European logistics to deliver most favorable risk adjusted returns among four major property types by Released The European logistics sector continues to experience robust demand driven by the three pillars of ecommerce — shifting globalization, supply-chain resiliency, and sustainability and scarcity of modern stock — which will ultimately deliver the most favorable risk-adjusted returns among the four major property types, according to Clarion.
Research | May 30, 2024 Office fit-out costs continue to rise across Asia Pacific, but at much slower rate by Andrea Zander Average office fit out costs across Asia Pacific continue to rise in 2024, albeit at a much slower rate as compared to a year ago, according to Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2024.
Transactions | May 30, 2024 Boyd Watterson, Amber Infrastructure form diversified real estate, infrastructure platform by Released Boyd Watterson Asset Management and Amber Infrastructure Group Holdings Limited have jointly announced that the businesses will come together under a common parent company to create a global diversified real estate, infrastructure, and fixed income asset management platform.
Research | May 30, 2024 U.S. consumer confidence rose in May by Released The Conference Board Consumer Confidence Index rose in May to 102.0 (1985=100) from 97.5 in April (a slight upward revision).
Transactions | May 30, 2024 KKR-SingTel consortium to buy $1b stake in data center provider by Andrea Zander A consortium of KKR and Singapore Telecommunications (SingTel) has emerged as the frontrunner to buy a minority stake worth $1 billion in one of Asia's biggest data center providers.
Transactions | May 30, 2024 BREDS acquires $1b performing senior mortgage loan portfolio from Deutsche Pfandbriefbank by Andrea Zander Blackstone Real Estate Debt Strategies (BREDS) has closed the acquisition of a $1 billion performing senior mortgage loan portfolio from leading German lender, Deutsche Pfandbriefbank (PBB). The portfolio of senior mortgage loans was originated by PBB.
Transactions | May 30, 2024 Partners Group sells Swedish retail warehouse portfolio by Released Partners Group has entered into an agreement to sell a Swedish retail warehouse portfolio to Svenska Handelsfastigheter for approximately SEK 1.3 billion ($120 million).
Investors | May 30, 2024 Alameda County Employees commits $50m to Heitman real estate fund by Lewis Dayton The Alameda County (Calif.) Employees’ Retirement Association (ACERA) has made a commitment of $50 million to Heitman Value Partners VI (HVP VI), recent meeting documents show.
Investors | May 30, 2024 Firefighters’ Pension Fund issues RFP for open-end core real estate fund by Lewis Dayton The Firefights’ Pension Investment Fund (FPIF), which invests and manages the assets of Illinois firefighter pension funds, has issued a request for proposals (RFP) for an open-end core real estate fund.
Research | May 29, 2024 APAC dominates global land and development site investments by Released Four of the top five global cross-border capital destinations for land and development site investments in first quarter 2024 were in Asia Pacific, according to Colliers’ report, Asia Pacific Global Capital Flows May 2024.
Research | May 29, 2024 Global real estate AUM at $4.1t by Andrea Zander The real estate assets under management (AUM) reached a minimum of $4.1 trillion at the end of 2023, according to The ANREV/ INREV/ NCREIF Fund Manager Survey 2024.
Research | May 29, 2024 Wall of U.S. hotel debt maturities to catalyze transactions by Andrea Zander Approximately $5.8 billion of U.S. hotel single-asset securitized loans, including CMBS and CRE CLOs are coming due for maturity in 2024.
Transactions | May 29, 2024 Blackstone Real Estate sells Turtle Bay Resort for $725m by Andrea Zander Blackstone Real Estate has reached an agreement to sell Turtle Bay Resort, on the North Shore of Oahu, Hawaii, for $725 million, to Host Hotels & Resorts.
Transactions | May 29, 2024 CapRock Partners acquires 244,286sf class A industrial asset in Mesa, Ariz. by Released CapRock Partners has acquired Longbow Industrial Park, a new two-building, class A industrial complex totaling 244,286 square feet in Mesa, Ariz.Â
Transactions | May 29, 2024 CIM Group sells Lennox at West Village, 159-unit apartment community in Dallas by Released CIM Group has sold Lennox at West Village.
