Fundraising | Nov 2, 2023 Gresham House holds $365m final close for U.K. timberland fund by Lewis Dayton Gresham House has achieved the target total commitments of £300 million ($364.6 million) for its Forest Growth & Sustainability LP following a final close.
Research | Nov 2, 2023 Implications for commercial real estate as Fed keeps rates steady by Lewis Dayton Inflation remains notably above the Fed’s stated 2 percent target, as core inflation rose 0.3 percent in September and had risen 4.1 percent during the preceding 12 months.
Fundraising | Nov 2, 2023 Argosy Real Estate Partners V holds final close with $472m of capital by Lewis Dayton Argosy Real Estate Partners has held a final close for Argosy Real Estate Partners (AREP) V and its parallel funds, after raising $472 million in capital, surpassing its $400 million fundraising target.
Transactions | Nov 2, 2023 Heitman further expands investment in Norwegian student housing by Released Heitman has made two student housing acquisition, Studinen and SG 28, in Gjøvik, located in Norway.
Investors | Nov 2, 2023 Vanderbilt’s endowment posts 2% loss for fiscal year by Lewis Dayton Vanderbilt University’s endowment, with a market value of $9.7 billion, posted a 2.0 percent loss for the fiscal year that ended on June 30.
DWS appoints Hiroki Wiesheu as president and head of coverage in Japan by Released DWS has appointed Hiroki Wiesheu as president and head of coverage.
People | Nov 2, 2023 Jennifer Stewart joins IBM head of real estate for the Americas by Andrea Zander Jennifer Stewart has joined IBM as director and head of real estate for the Americas.
Research | Nov 1, 2023 Institutional target allocations to real estate remain flat for the first time since 2013 by Andrea Zander Institutional target allocations to real estate have remained flat for the first time in 10 years, at 10.8 percent.
Transactions | Nov 1, 2023 PCCP provides $252m of construction financing for development of three industrial buildings totaling 2.15msf by Released PCCP has provided $252.3 million of construction financing to a joint venture.
Transactions | Nov 1, 2023 GIC sells Oz mall stake at a loss, buys stake in European resort hotels firm by Jennifer Molloy In separate deals, GIC, Singapore’s sovereign wealth fund, has sold back its 49 percent stake in Sydney mall Chatswood Chase to Vicinity Centres for A$307 million ($195 million), representing a 45 percent discount from the A$562 million ($356 million) GIC paid Vicinity Centres for the stake six years ago.
Transactions | Nov 1, 2023 Daibiru Corp. to develop market-first Sapporo luxury hotel by Released JLL Hotels & Hospitality Group has advised Daibiru Corp. on the selection of a luxury hotel partner in the Sapporo Daibiru Redevelopment Project.
Transactions | Nov 1, 2023 AXA IM Alts extends Japanese healthcare platform with €34m portfolio acquisition by Released AXA IM Alts has acquired a portfolio comprising two city center senior housing assets in northern Japan, on behalf of clients, for €34 million ($36 million).
Transactions | Nov 1, 2023 Singapore office sells for $392m by Andrea Zander Shenton 101 Pte Ltd. has acquired Shenton House, located in Singapore’s CBD, for S$538 million ($392 million).
Transactions | Nov 1, 2023 Multi Corporation announces mixed-use redevelopment project in Valkenswaard, the Netherlands by Released Multi Corp. has plans for a mixed-use redevelopment project for Valkenstaete, a neighborhood convenience center in Valkenswaard, the Netherlands.
Transactions | Nov 1, 2023 PGIM Real Estate, Cornwall Pension Fund complete first co-invest acquisition in England by Released PGIM Real Estate and Cornwall Pension Fund have acquired a site and provided forward funding for the development of a single-family rental housing scheme in Cornwall, England.
People | Nov 1, 2023 John Styles appointed CIO at KFIM by Released Knight Frank Investment Management (KFIM) has appointed John Styles as CIO, following Matthew McDonald’s promotion to CEO.
Why the data centre sector needs to embrace going green by Alex Frew McMillan Our increasingly digitized world places ever-greater demands on where and how we store that data. The boom in artificial intelligence, driven in particular by recent advances in generative AI, adds further pressure on a specialty sector that’s increasingly mainstream. AI demands far-greater power supply and a higher density of servers, translating into a higher burn rate for energy.
Using technology to deliver ESG solutions for the built environment by Jonathan Hannam and Rebecca Jinks Tenants, residents, investors and regulators are all knocking on the door of real estate and infrastructure actors, demanding green, affordable and equitable solutions. Heightened social inequality and wellness issues, combined with more frequent and severe extreme weather events are elevating the need to address environmental, social and governance (ESG) risks and opportunities.ESG
People | Nov 1, 2023 Bouwinvest appoints new directors for business development and North American investments by Released Bouwinvest Real Estate Investors has appointed Gijs Plantinga as director strategic business development.
Fundraising | Nov 1, 2023 Deer Park Road launches fund-focused on Legacy, non-agency RMBS by Released Deer Park Road Management Co. has launched a closed-end fund.
