Research | Jan 22, 2024 U.S. multifamily rents drop despite strong demand by Released Multifamily ended 2023 on a downswing, after average U.S. multifamily asking rents dropped for five straight months, according to a recent report by Yardi Matrix.
Investors | Jan 22, 2024 Wisconsin Retirement System returns 11.4% in 2023 by Lewis Dayton The $122 billion Core Fund of the Wisconsin Retirement System (WRS) yielded a return of 11.4 percent during 2023, announced the State of Wisconsin Investment Board.
Transactions | Jan 22, 2024 KKR and Mirastar agree to develop a prime logistics building in Widnes by Released KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have entered into a forward funding agreement to speculatively develop a prime logistics building (known as XDock) in Widnes, North West UK.
Transactions | Jan 22, 2024 Goldman Sachs AM acquires three BTR London properties by Released On Dec. 1, 2023, Goldman Sachs Asset Management together with Tene Living closed the acquisition of Alto, Montana, and Dakota, three build-to-rent assets totaling 261 units in Wembley Park, London, from Quintain.
Investors | Jan 22, 2024 Omnes Capital and ION launch Article 9 fund to build environmentally friendly developments in Belgium, Luxembourg by Released Omnes Capital, a French private equity firm dedicated to energy transition, and Belgian property developer ION have signed a cooperation agreement to establish a development fund with a capital of €35 million ($38 million).
Research | Jan 22, 2024 Up to 11.9m square feet of inefficient office space coming to the U.K. market by Lewis Dayton Recent research by CBRE UK reveals that up to 11.9 million square feet of office space to be put on the central London market by 2027 has an EPC lower than C, which categorizes the spaces as energy inefficient.
Investors | Jan 22, 2024 TA Realty launches dedicated hyperscale data center development arm, announces appointments by Kali Persall TA Realty has launched a dedicated hyperscale data center development arm within the firm’s digital real estate team and appointed Tim Shaheen to lead this team.
Investors | Jan 22, 2024 Starwood Capital Group launches global data center platform by Released Starwood Capital Group has announced the launch of Starwood Digital, a platform dedicated to the firm's growing global data center investment strategy.
Research | Jan 19, 2024 ANREV, INREV and PREA release Investment Intentions Survey for 2024 by Released Overall, institutional investors’ allocations for real estate remain stable globally, according to the 2024 Investment Intentions Survey published by ANREV, INREV and PREA.
Transactions | Jan 19, 2024 Custodian Property Income REIT, abrdn Property Income Trust agree to all-share merger by Kali Persall Custodian Property Income REIT (CREI) and abrdn Property Income Trust (API) and have reached an agreement on the terms and conditions of an all-share merger, through which CREI will acquire the entire issued and to-be-issued share capital of API.
People | Jan 19, 2024 M&G Real Estate promotes Daniel Cho to head of Korea by Released M&G Real Estate, part of M&G plc’s £74 billion ($94 billion) private markets business, has promoted Daniel Cho to head of Korea, as the firm seeks to strengthen and intensify engagement in the Korean real estate market.
Investors | Jan 19, 2024 Key takeaways from the REEM Summit in Austin by Chase McWhorter Last week I had the privilege of attending my first REEM Summit in Austin. This program is put together by conference chairs Larissa Herczeg and Krista Kerr, with support from the Employees Retirement System (ERS) of Texas and Teacher Retirement System (TRS) of Texas. What follows are some key takeaways from the meeting.
Research | Jan 19, 2024 The bid-ask gap for commercial real estate remains notably wide by Jennifer Molloy Sticky valuations and low transaction volumes globally are reflected in a disparity between appraisal cap rates and transaction cap rates, according to the Hines 2024 Outlook: Disciplined Capital, Prospects Ahead.
Investors | Jan 19, 2024 Berlin provides $440m financing for GSG Berlin’s ‘Ganz Schön Gut’ portfolio by Released Berlin Hyp is making follow-up financing available to GSG Berlin. The financing package of about €404 million ($440.1 million), is being provided in the form of a club deal.
Transactions | Jan 19, 2024 Realterm acquires multiple logistics properties in the Netherlands by Released Realterm has announced the continued growth of its global transportation logistics real estate platform with the acquisition of a three-building logistics property in Venlo, Netherlands.
People | Jan 19, 2024 Katie Girardi appointed as new executive director at San Luis Obispo Pension Trust by Lewis Dayton The San Luis Obispo County (Calif.) Pension Trust (SLOCPT) appointed Katie Girardi as its new executive director, following the retirement of Carl Nelson at the end of December.
People | Jan 19, 2024 Michelle Ostermann appointed as CEO of the Pension Protection Fund by Lewis Dayton The Pension Protection Fund (PPF), a U.K. pension plan, has appointed Michelle Ostermann as its new CEO.
People | Jan 19, 2024 Seattle Employees solicits proposals for an investment consultant by Lewis Dayton The Seattle City Employees’ Retirement System is soliciting proposals for an investment consultant.
Research | Jan 19, 2024 Forecasting the euro zone's neutral interest rate by Lewis Dayton A new report from Oxford Economics projects the euro zone’s neutral interest rate will fall to 1.9 percent this year, from 2.2 percent in 2023, and will drop to 1.5 percent by 2026, allaying fears of naggingly high interest rates.
Investors | Jan 19, 2024 LA Fire & Police commits $40m to Principal data center fund by Lewis Dayton Los Angeles Fire and Police Pensions (LAFPPF) has committed $40 million to Principal Data Center Growth & Income Fund (PDCGIF), a fund managed by Principal Asset Management focused on investing in data center assets.
