Transactions | May 4, 2023 Union Investment acquires four planned residential towers in Amsterdam by Kali Persall Union Investment has acquired four planned residential towers in Amsterdam for its open-end real estate fund UniImmo: Europa, expanding its strategic position in the European residential property market.
Research | May 4, 2023 Tokyo tops the global pricing order by Jennifer Molloy Regionally and globally, Tokyo leads the pack in offering the highest finance and risk spread of any other city, according to Colliers’ April 2023 Global Capital Markets report.
Fundraising | May 4, 2023 Funds in the market led by Blackstone’s European mega-fund by Denise Moose Institutional Real Estate, Inc.’s proprietary database, IREI.Q, has identified 334 funds real estate private equity funds currently open to investors in its Q1/2023 IREI.Q Funds in the market report.
Transactions | May 4, 2023 GLP Capital Partners pays $325m for industrial campus in Southern California’s Inland Empire by Kali Persall Singapore-based GLP Capital Partners has paid $325 million to Kearney Real Estate for a 730,000-square-foot industrial campus in Corona, Calif.
Transactions | May 4, 2023 British Land secures planning approval for ultra-low carbon logistics hub in London by Released British Land has secured planning approval for an ultra-low carbon logistics hub at 5 Kingdom St., Paddington Central, London. The 121,000-square-foot facility will provide inbound access to HGVs with outbound deliveries via smaller electric vehicles and electric cargo bikes.
Investors | May 4, 2023 Why investors are driving ESG transparency in a material world by Ruben Langbroek Capital markets have embraced green finance and responsible investment practices because they understand that environmental and social risks are tangible risks that can have real-world impact on the financial returns of their investments.
Investors | May 4, 2023 New Jersey slates $250m for emerging manager separate account with GCM Grosvenor by Kali Persall The $89 billion New Jersey Division of Investment has proposed an investment of up to $250 million in the noncore GCM Grosvenor Emerging Manager Separately Managed Account, according to a recent board meeting document.
People | May 4, 2023 Lion Real Estate Group appoints Dasha Waller as director of investor relations by Denise Moose Lion Real Estate Group (LREG) announced the appointment of Dasha Waller as director of investor relations.
Investors | May 3, 2023 Rasmala Investment Bank launches serviced apartment, BTR strategy in the U.K. by Kali Persall Rasmala Investment Bank, an alternative investment manager in the Middle East, has launched a five-year multifamily strategy to create a portfolio of residential properties in the United Kingdom, exceeding $2 billion in investment value.
Transactions | May 3, 2023 Union Investment sells aging German property to a family foundation by Kali Persall Union Investment has sold an office and commercial building in Dortmund, Germany, to family foundation Andreas Deilmann Familienstiftung for an undisclosed amount.
Transactions | May 3, 2023 Hines snaps up 5 multifamily properties in Tokyo, Kyoto by Kali Persall Hines has taken ownership of five multifamily properties in Japan on behalf of Hines Asia Property Partners (HAPP), the firm’s flagship Asia Pacific core-plus fund.
Transactions | May 3, 2023 Greystar Real Estate to construct 20-story PBSA development at Wembley Park by Kali Persall Greystar Real Estate Partners has acquired a site at Wembley Park from Quintain, on which the firm will build a 20-story purpose-built student accommodation development.
People | May 3, 2023 PATRIZIA taps esteemed leaders for CEO designate, COO roles by Kali Persall PATRIZIA has tapped Asoka Wöhrmann, the former CEO of DWS Group, and Slava Shafir, a former operating partner at Corsair Capital, in a move to shore up its global growth ambitions.
Investors | May 3, 2023 International Campus breaks ground on urban living conversion project in Berlin by Kali Persall International Campus Group has broken ground on the HAVENS LIVING conversion project dubbed “The OSA” in a prime Berlin location.
Investors | May 3, 2023 Major CRE player takes bullish stance on future of office by Mike Consol Even as many investors and managers warn the office sector will never be restored to its pre-pandemic status, one of commercial real estate’s longtime players is betting that it’s making a comeback — and that the Big Apple, the nation’s premier office market, is ground zero for that recovery.
Investors | May 3, 2023 Record high capital outflows from Asia Pacific to North America in Q1 2023 by Jennifer Molloy Asia Pacific capital outflow to North America in first quarter 2023 reached a record high, according to Knight Franks’ Asia-Pacific Capital Markets Capital Flows Q1 2023 report.
Transactions | May 3, 2023 Round Hill Capital acquires senior living care facility in Germany by Kali Persall Round Hill Capital has acquired a senior living facility in Beuren, Germany, on behalf of a client investment strategy that aims to assemble a significant portfolio of such facilities in the country.
Research | May 3, 2023 Grade ‘A’ report card for student housing by Mike Consol The fundamentals surrounding investments in student housing has never been stronger, and concerns that growing online learning — rather than on campus — would erode the business has been debunked by the COVID-19 experience, during which student housing assets continued to perform.
People | May 3, 2023 Howard Kennedy adds experienced banking lawyer to real estate finance team by Kali Persall Patrick Keown has become a partner and joined the banking and real estate finance team at Howard Kennedy, a London law firm.
Fundraising | May 3, 2023 Blackstone begins raising capital for next vintage of its European strategy by Kali Persall Blackstone has commenced fundraising for the next vintage of its European strategy, with a first close expected this summer.
