Transactions | May 24, 2024 PAG reportedly considering buying Wanda Group’s shopping malls by Andrea Zander PAG is considering to buy Dalian Wanda Group Co.’s shopping mall properties, according to Bloomberg, citing people familiar with the matter.
Transactions | May 24, 2024 PATRIZIA acquires Malmaison hotel in Edinburgh city center by Released PATRIZIA has invested £25 million ($31.8 million) in the Malmaison Edinburgh City Center hotel on behalf one of its U.K. institutional clients.
Research | May 24, 2024 Data center growth has economic ripple effects by Released Development of new data center facilities is not only accommodating advanced technologies like artificial intelligence but is also contributing to widespread economic growth, according to CBRE.
Research | May 24, 2024 Ecommerce expansion, Southern manufacturing boom drive leasing revival in U.S. industrial sector by Released Evolving trends and new players in ecommerce are driving a comeback in leasing for the U.S. industrial sector, according to NewMark.
Investors | May 24, 2024 Ocean West announces opening of Seoul office by Released Ocean West Capital Partners has opened its Seoul office.
Investors | May 24, 2024 AVID Property Group launches $730m land lease communities in Australia by Released AVID Property Group, a residential property developer and operator controlled by real estate private equity firm Proprium Capital Partners, has launched a new A$1.1 billion ($730 million) land lease communities (LLC) business to be named Vantage.
People | May 24, 2024 CalPERS’ global head of private debt resigns by Lewis Dayton Jean Hsu is resigning as global head of private debt at California Public Employees’ Retirement System, she wrote in an email to investment firms.
Transactions | May 23, 2024 Starlight Investments expands U.K. portfolio with acquisition of rental residence in Leeds by Released Starlight Investments has exchanged on an acquisition to purchase 84 Kirkstall Road, a 111-suite build-to-rent (BTR) community located in Leeds, United Kingdom.
Investors | May 23, 2024 Stoneweg to acquire Cromwell’s European fund management platform by Andrea Zander Stoneweg has entered into a binding agreement with Cromwell Property Group to acquire Cromwell’s European fund management platform and associated co-investments, which totals €3.9 billion ($4.2 billion) of real estate assets under management, for a total consideration of €280 million ($303 million), subject to closing adjustments and regulatory approvals.
People | May 23, 2024 Greenbrook Partners appoints Jeff Jerden as COO by Released Greenbrook Partners has appointed Jeff Jerden as COO.
People | May 23, 2024 Matthew Bonning-Snook to succeed Gerald Kaye as Helical CEO by Released Matthew Bonning-Snook, property director, will succeed Gerald Kaye as CEO of Helical.
Transactions | May 23, 2024 Klepierre to buy Italy’s RomaEst mall for more than €200m by Andrea Zander Shopping center operator Klepierre has plans to acquire RomaEst, which is considered the Italian capital’s second-largest shopping center after Porta di Roma, the country’s biggest mall.
Investors | May 23, 2024 Texas Employees sets private real estate target for 2024 fiscal year by Lewis Dayton The Employees’ Retirement System of Texas has approved a fiscal year 2024 target of $300 million of commitments toward private real estate investments, with a range of $150 million to $450 million, according to recent meeting documents.
Investors | May 23, 2024 Minnesota SBI approves $125m commitment to AG Europe Realty Fund IV by Lewis Dayton The Minnesota State Board of Investment board approved a commitment of $125 million to AG Europe Realty Fund IV at its meeting on May 21.
Investors | May 23, 2024 Canada Pension Plan posts 8% return in 2024 fiscal year by Lewis Dayton The Canada Pension Plan Investment Board (CPP Investments) ended its fiscal year on March 31, 2024, with net assets of $632.3 billion, up from $570 billion at the end of fiscal year 2023.
Transactions | May 22, 2024 Ichigo Office REIT pays $99m for six office assets by Released Ichigo Office REIT has acquired three office assets in central Tokyo and three in central Fukuoka for a total of JPY 15.4 billion ($99 million).
Transactions | May 22, 2024 London hotel sells for $229m by Andrea Zander Italian real estate company Gruppo Statuto has agreed to purchase the Six Senses Hotel at The Whiteley, a luxury hotel in Bayswater, London.
Research | May 22, 2024 PWC: Economic uncertainty, upcoming election and geopolitical tensions likely to impact hotel performance into 2025 by Andrea Zander For the remainder of 2024 and into 2025, the outlook for markets reliant on individual business travel remains uneven, with substantial deviation in office attendance across different metropolitan areas, according to PwC.
Research | May 22, 2024 Hong Kong’s office market records positive net absorption in April by Released Hong Kong’s overall class-A office market recorded a positive net absorption of 248,000 square feet in April, according to JLL’s latest Hong Kong Property Market Monitor report.
Transactions | May 22, 2024 The Crown Estate starts $1.9b U.K. life science partnership with $159m scheme by Andrea Zander The Crown Estate has formed a new partnership with Oxford Science Enterprises and Pioneer Group to provide vital workspace to support the United Kingdom’s science, technology and innovation ambitions.
