People | Jul 7, 2023 Texas Permanent School Fund names Britt Harris acting CEO by Andrea Zander Thomas Britton “Britt” Harris IV has joined Texas Permanent School Fund (PSF) Corporation as its acting CEO, a role he will serve in while the Texas PSF conducts a hire search.
Investors | Jul 7, 2023 New York State Retirement Fund posts negative annual investment return by Andrea Zander New York State Comptroller Thomas P. DiNapoli’s announced that the New York State Common Retirement Fund’s investment return was -4.14 percent for the state fiscal year that ended March 31, 2023. The fund closed the year valued at $248.5 billion.
People | Jul 7, 2023 Douglas Doughty joins Bain Capital Real Estate as managing director by Released Douglas Doughty has joined Bain Capital Real Estate as its managing director.
Research | Jul 7, 2023 APAC occupiers challenged by complex, inconsistent hybrid work models, says Colliers by Released Colliers’ Global Occupier Outlook 2023 report has found APAC office occupiers are grappling with the complexities of the hybrid work model as they attempt to strike a balance between providing employees with desired flexibility and realigning their portfolios for the next evolution of the workplace.
Transactions | Jul 7, 2023 LondonMetric Property sells 5 long-income and urban assets for €50m by Released LondonMetric Property has exchanged on the sale of five assets for £42.8 million (€50 million/$54 million).
Transactions | Jul 7, 2023 Nrep acquires majority stake in Swedish residential developer Klovern by Released Nrep, the ESG-focused real estate investor with €19 billion of assets under management, has acquired a majority stake (51 pecent) in Klӧver.
Research | Jul 7, 2023 Institutional investors increasingly focused on value creation through decarbonisation initiatives and ESG data collection by Released There is a clear trend towards generating value through active asset management, with a particular focus on decarbonization initiatives and ESG data collection, as well as a shift in focus to value-add strategies over the next five years.
Fundraising | Jul 7, 2023 Trilogy Real Estate Group closes oversubscribed fund with more than $100m of capital commitments by Andrea Zander Trilogy Real Estate Group recently completed fundraising for its latest offering.
Investors | Jul 6, 2023 BH Properties plans $1b investment into affordable housing by Andrea Zander BH Properties has launched a new investment initiative into affordable housing with a goal of ultimately building a $1 billion portfolio of assets.
Transactions | Jul 6, 2023 KKR and Mirastar enter Sweden with last-mile logistics acquisition in Stockholm by Released KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have acquired a high-quality last-mile logistics property in Stockholm.
Transactions | Jul 6, 2023 Cheyne Capital Real Estate announces €102m refinancing with Marlet Property Group by Released Marlet Property Group has finalized a €102 million re-financing facility.
Research | Jul 6, 2023 Industrial vacancy rises 60 bps to 4.1% on new supply and slowing demand by Andrea Zander Overall industrial vacancy rate increased by 60 basis points to 4.1 percent throughout the second quarter, marking the first time since mid-year 2021 in which the rate exceeded 4 percent, according to Cushman & Wakefield in its report on second quarter industrial stats.
Research | Jul 6, 2023 DWS Real Estate Research: APAC decarbonization in real estate by Released A combination of measures is required to achieve the decarbonization targets by 2030 and 2050 for the real estate sector, including improving access to renewable energy to both the energy grid and to buildings.
Fundraising | Jul 6, 2023 EQT Exeter Industrial Value Fund VI closes at $4.9b by Andrea Zander EQT has held its final close for Exeter Industrial Value Fund VI at $4.9 billion in fee generating assets under management.
Fundraising | Jul 6, 2023 Endeavor Real Estate Group closes $610m fund by Andrea Zander Endeavor Real Estate Group, an Austin-based investment and development firm, has closed a $610 million private equity fund.
Transactions | Jul 6, 2023 Tishman Speyer, Silverstein Properties finalize $330m refinancing of NYC office tower by Released Tishman Speyer and Silverstein Properties have finalized a $330 million refinancing of their class A office tower at 11 West 42nd Street in Midtown’s prestigious Bryant Park district.
Transactions | Jul 6, 2023 CDL continues investment in Korea, acquires Nine Tree premier hotel by Andrea Zander City Developments has acquired the Nine Tree Premier Hotel Myeongdong II in Seoul.
Investors | Jul 6, 2023 Aviva launches JV with Moda Living to build 1,000 build-to-rent apartments in Birmingham, U.K. by Andrea Zander Aviva Capital Partners has entered into a joint venture with Moda Living.
Fundraising | Jul 6, 2023 GCP’s China Income Fund VIII closes with $359m of equity commitments by Andrea Zander GLP Capital Partners (GCP) has closed China Income Fund VIII (CIF VIII), the latest fund in its flagship onshore income fund series, with equity commitments of approximately RMB 2.6 billion ($358.74 million). The capital was raised from a group of five domestic insurance companies featuring new and repeat investors who have previously participated in GCP’s onshore RMB funds.
Investors | Jul 5, 2023 Cromwell Property Group enters JV with Hong Kong-based asset manager Value Partners Group by Andrea Zander Cromwell Property Group has entered into a joint venture with Hong Kong-based asset manager Value Partners Group.
