Transactions | Jan 31, 2024 CapitaLand Investment partners with AIA Life Insurance in $333m JV to recapitalize Capital Square Beijing by Released CapitaLand Investment Limited (CLI) has formed a RMB2.4 billion (S$452 million, $337 million) joint venture with AIA Life Insurance (AIA), to recapitalize Capital Square Beijing, a class-A office building in Beijing.
Investors | Jan 31, 2024 China Evergrande faces court-ordered liquidation of company by Jennifer Molloy Hong Kong’s High Court on Monday, Jan. 29, issued a wind-up order for the liquidation of property developer China Evergrande Group.
Investors | Jan 31, 2024 Ohio Employees posts 2023 returns, outlines real assets 2024 projections by Lewis Dayton The Ohio Public Employees Retirement System’s Defined Benefit Fund (DB Fund) generated an 11.1 percent return during 2023, outperforming its 6.9 percent benchmark.
Transactions | Jan 31, 2024 Barings acquires Lisbon site to develop one of Portugal’s largest logistics parks by Released Barings, on behalf of its second real estate European value-add fund (BREEVA II), has acquired a plot of land in a prime location near Lisbon.
Transactions | Jan 31, 2024 GLP Capital Partners completes the sale of 12 logistics assets in Brazil totaling $300m by Andrea Zander GLP Capital Partners (GCP) has sold 12 logistics assets.
Transactions | Jan 31, 2024 Trammell Crow Co. completes first sales in Europe as AEW acquires two prime logistics assets in Spain by Released Trammell Crow Company (TCC) has signed two transactions with AEW.
Investors | Jan 31, 2024 Australia’s Future Fund posts 2023 return results by Lewis Dayton Australia’s Future Fund has reported that it generated an eight percent return during 2023, slightly underperforming its benchmark of 8.4 percent.
Fundraising | Jan 31, 2024 Cabot Properties closes seventh industrial value fund with $1.57b by Lewis Dayton Cabot Properties held a final close for its Cabot Industrial Value Fund VII (CIVF VII) in Dec. 2023, after raising $1.57 billion of committed capital, confirmed Seppi Colloredo-Mansfeld, director of investments at Cabot Properties, having exceeded its initial target of $1.2 billion.
Fundraising | Jan 30, 2024 Walker & Dunlop Investment Partners closes multifamily debt fund by Andrea Zander Walker & Dunlop Investors Partners (WDIP) has closed its latest fund, part of a planned series of funds focused on multifamily bridge financing.
Investors | Jan 30, 2024 Mohr Partners and CDNGLOBAL unveil strategic partnership to broaden global reach by Released Mohr Partners and CDNGLOBAL have formed a strategic partnership to deliver occupier and capital markets solutions throughout North America.
Research | Jan 30, 2024 Private real estate set up for attractive early cycle returns by Andrea Zander The coming year will offer historically advantageous entry points into private real estate as asset prices meaningfully reset, wrote James Corl, head of private real estate at Cohen and Steers, in a recent white paper.
Fundraising | Jan 30, 2024 PATRIZIA closes debut impact strategy with firepower to invest €500m in social and affordable housing by Andrea Zander PATRIZIA has held a final close of its debut impact investing strategy with firepower to create a €500-plus million ($543 million) pan-European social and affordable housing portfolio. PATRIZIA Sustainable Communities has secured equity commitments from 10 institutional investors, with Danish pension funds AP Pension and PKA as cornerstone investors.
Transactions | Jan 30, 2024 Clarion Partners Europe pays €270m to Blackstone for logistics portfolio by Andrea Zander Clarion Partners Europe has entered a contract to acquire a portfolio of eight modern logistics properties across Germany and the Netherlands.
People | Jan 30, 2024 Julie Solomon joins Bill Benjamin as co-head of Ares Real Estate by Andrea Zander Julie Solomon, global COO of Ares Real Estate at Ares Management, has been promoted to co-head of real estate alongside Bill Benjamin, current head of real estate. Effective immediately, Solomon and Benjamin together will co-lead the Ares Real Estate business globally.
Transactions | Jan 30, 2024 J. Safra Real Estate to acquire Faneuil Hall Marketplace from Ashkenazy Acquisition Corp. by Released J. Safra Real Estate (JSRE), the real estate arm of the J. Safra Group, has plans to acquire Faneuil Hall Marketplace in Boston.
Fundraising | Jan 30, 2024 GLP Capital Partners holds final close for China Income Fund XII by Lewis Dayton GLP Capital Partners, the global alternative asset manager, has held a final close for its China Income Fund XII (CIF XII), after accumulating RMB 10 billion ($1.41 billion) of assets under management for the fund.
People | Jan 30, 2024 Australia’s Future Fund appoints chair and two board members by Released The Albanese government has appointed the Hon. Greg Combet A.M. as chair of the Future Fund Board of Guardians for a five‑year term.
People | Jan 30, 2024 Joe Pagliari to hold first named clinical professorship at UChicago Booth School of Business by Lewis Dayton Joe Pagliari has been named the inaugural holder of the John Mazarakis and Chicago Atlantic Clinical Professorship at the University of Chicago’s Booth School of Business.
Investors | Jan 29, 2024 Investor views on the global office market by Jennifer Molloy Investment in the office sector globally was addressed in a recent virtual roundtable with institutional investors and investment managers. The in-depth strategy session, hosted by Institutional Real Estate, Inc., was moderated by Reno Sio, managing director, Asia Pacific, at IREI.
Research | Jan 29, 2024 AEW’s first global debt funding gap analysis shows Europe is the most challenged market by Released AEW has released its first global Debt Funding Gap (DFG) analysis, which provides insights on the relative refinancing challenges faced by three key regions. The comprehensive study utilized a standardized methodology, incorporating the best available local data on loan maturities, originations and refinancing assumptions.
