Research | Apr 16, 2024 Industrial new supply continues to push vacancy higher: Leasing remains healthy by Released Overall industrial vacancy rate rose another 60 basis points since the close of 2023 to 5.8 percent, according to the latest data by Cushman & Wakefield.
Transactions | Apr 16, 2024 Investcorp grows U.S. industrial real estate portfolio in South Florida and Denver with $200m acquisition by Released Investcorp has acquired a 1.3 million-square-foot, 31-building multitenant industrial real estate portfolio across two markets in South Florida and Denver for approximately $200 million.
Fundraising | Apr 16, 2024 Astarte Capital Partners and SilviPar AB close inaugural Impact Forestry Fund at $325m by Released Astarte Capital Partners and Silvipar AB have held a final close of their inaugural Silvipar Astarte Impact Forestry Fund (SAIFF) at $325.3 million.
Transactions | Apr 16, 2024 Blackstone's QTS to buy Britishvolt site for new data center by Andrea Zander Blackstone plans to buy the former site of Britishvolt, a failed battery startup in northeast England, for £110 million (€129 million /$137 million), according to media outlets.
People | Apr 16, 2024 Ronald van Dijk joins Pensioenfonds Rail & OV as CIO by Lewis Dayton Ronald van Dijk has been appointed an executive board member and CIO at Pensioenfonds Rail & OV, a non-mandatory Dutch pension fund for the railways and public transport industry, according to his LinkedIn page.
Transactions | Apr 15, 2024 Hines in partnership with Olympian Homes commences development of more than 500 new net-zero homes in U.K. by Released Hines has agreed to forward fund the development of a 519-unit residential scheme in Newcastle, England, on behalf of its Hines European Property Partners (HEPP) fund in partnership with developer Olympian Homes.
Investors | Apr 15, 2024 Redevco launches Redevco Capital Partners to target European special situations real estate opportunities by Released Redevco, and Oliver Herrmann, founder of German large-scale retail specialist Redos, are launching Redevco Capital Partners, targeting special situations real estate opportunities across Europe.
Transactions | Apr 15, 2024 Mission West in talks to be acquired by Andrea Zander Mission West Properties, a REIT that manages properties in Silicon Valley, said a private equity fund was negotiating to buy it for about $1.8 billion, reported Reuters.
Transactions | Apr 15, 2024 Blackstone offers to buy Finnish real estate firm Sponda for $2b by Andrea Zander Blackstone has plans to buy Finnish real estate investment company Sponda for €1.8 billion ($2 billion), reported Reuters.
Investors | Apr 15, 2024 Cushman & Wakefield launches alternatives platform of scale in Australia and New Zealand by Released Cushman & Wakefield has launched its Alternatives platform.
Transactions | Apr 15, 2024 Equinix, PGIM Real Estate enter into $600m JV for first U.S. xScale Data Center by Andrea Zander Equinix, Inc. and PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial's global asset management business, have entered into a $600 million joint venture to develop and operate the first xScale data center in the United States, located in the Silicon Valley.
Transactions | Apr 15, 2024 Bruce Smith Enterprise, Cordish Cos. partner on proposal to codevelop $1.4b mixed-use development in Virginia by Released Bruce Smith Enterprise and The Cordish Companies have responded to a request for proposal issued by the City of Petersburg, Va.
People | Apr 15, 2024 Scott Richland to step down as CIO at Caltech by Lewis Dayton Scott Richland will be stepping down as CIO at Caltech on Dec. 31, 2024, according to a letter to the Caltech community from Thomas Rosenbaum, the Sonja and William Davidow Presidential chair and professor of physics.
Investors | Apr 15, 2024 Illinois Retirement Fund commits $150m to two real estate funds by Lewis Dayton The Illinois Municipal Retirement Fund (IMRF) has committed $100 million to Starwood Distressed Opportunity Fund XIII and $50 million to Grandview III.
Investors | Apr 15, 2024 Maine Employees commits $35m to High Street logistics fund by Lewis Dayton The Maine Public Employees’ Retirement System (MainePERS) has approved a commitment, subject to final due diligence, of $35 million to High Street Value Fund I (HSVF I), confirmed James Bennett, chief investment officer, MainePERS.
Investors | Apr 15, 2024 Virginia Retirement commits $300m to real assets opportunities by Lewis Dayton The Virginia Retirement System (VRS) has committed $200 million to Stonepeak Infrastructure Fund V (SIF V) and $100 million to a USEF Sailfish Venture, according to recent meeting documents.
Transactions | Apr 15, 2024 Partners Group acquires strategic minority stake in Trinity Investments by Released Partners Group, a leading global private markets firm, has agreed to acquire a strategic minority stake in Trinity Investments.
Transactions | Apr 12, 2024 Mapletree acquires 31 U.K. assets with an operating platform for €1.2b by Released Mapletree Investments has announced the acquisition of 8,192 operational beds across 19 cities in the United Kingdom and Germany, as well as an operating platform from Cuscaden Peak Investments.
Research | Apr 12, 2024 Impact of technology: Propelling real estate into the future by Andrea Zander In 2024 and 2025 The Proptech Connection expects real estate companies will have a significant awakening among real estate firms regarding the impact of technology on their portfolios, upcoming projects, and crucial financial indicators.
Research | Apr 12, 2024 Healthcare industry embraces shift to outpatient care sites by Released Driven by technology, reimbursement challenges and consumer preferences, healthcare continues to shift to outpatient sites, according to JLL. Even the terminology used for medical office is moving toward something more comprehensive: medical outpatient building (MOB).
