Transactions | Dec 18, 2023 Board of Regents of the University of Texas System pays $258m for hospital by Andrea Zander The Board of Regents of the University of Texas System has purchased Webster Healthcare Facility II from Sila Realty Trust for $258.4 million.
Transactions | Dec 18, 2023 VGP NV, Areim form €1.5b JV by Andrea Zander VGP NV, a European provider of high-quality logistics and semi-industrial real estate, has formed a new 50-50 joint venture named Saga with Areim.
Transactions | Dec 18, 2023 KKR-backed Etche sells five assets in Lyon region by Released Etche, KKR’s logistics real asset platform in France, has sold a portfolio of five assets located in the Lyon region.
Transactions | Dec 18, 2023 Lendlease to sell 12 communities projects to Stockland, Supalai for $870m by Andrea Zander Lendlease has entered into an agreement for the sale of 12 Australian master-planned Communities projects to Stockland Corporation Limited and its capital partner, Supalai Australia Holdings, for A$1.3 billion ($870 million).
Transactions | Dec 18, 2023 Actis exits first real estate investment in Vietnam by Kali Persall Actis has exited its first real estate investment in Hai Duong, Vietnam.
Transactions | Dec 18, 2023 PATRIZIA makes €50m investment in Italian industrial portfolio by Released PATRIZIA has acquired a portfolio of two urban logistics assets in Italy for €50 million ($55 million).
Transactions | Dec 18, 2023 Deka Immobilien sells retail property at a profit in Japan by Released Deka Immobilien has sold a retail property in Tokyo.
Transactions | Dec 18, 2023 CapitaLand Ascott Trust divests three hotels in Japan for $75m by Andrea Zander CapitaLand Ascott Trust (CLAS) is divesting three hotels in Osaka, Japan.
Transactions | Dec 18, 2023 Walton Global completes sale of nearly 59 acres from the Sugarloaf Crossing Master Plan by Released Walton Global has sold 58.9 acres out of the 184-acre Sugarloaf Crossing Master Plan located in Gwinnett County, Ga.
Transactions | Dec 18, 2023 Cushman & Wakefield unveils Asset Optimization Group for underperforming and distressed assets by Released Cushman & Wakefield has launched Asset Optimization Group, which will specialize in underperforming assets.
Transactions | Dec 18, 2023 Hines Global Income Trust acquires IBM 500 Campus in Durham, N.C. by Released Hines Global Income Trust (HGIT) has acquired the IBM 500 Campus, a 774,000 square-foot property located at 4205 South Miami Boulevard, Durham, N.C.
Research | Dec 18, 2023 PGIM Real Estate’s 2024 outlook report for European markets by Lewis Dayton As real estate professionals continue to grapple with high interest rates, price adjustments will decline further in 2024 and will keep real estate returns weak in Europe, though in certain markets, such as logistics, opportunities are emerging as pricing stability is being reached. That’s one of the takeaways from a recent report by PGIM Real Estate on the outlook for European real estate markets in 2024.
Transactions | Dec 15, 2023 BREDS, BREIT, CPP Investments and Rialto Capital acquire 20% stake in CRE loan portfolio of former Signature Bank by Andrea Zander Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust Inc., Canada Pension Plan Investment Board, through its subsidiary CPPIB Credit Investments III Inc., and funds affiliated with Rialto Capital have entered into a newly formed joint venture with the Federal Deposit Insurance Corporation.
Research | Dec 15, 2023 KKR releases 2024 Global Macro Outlook by Released KKR has released its 2024 Global Macro Outlook by Henry McVey, CIO of KKR’s balance sheet and head of global macro and asset allocation.
Transactions | Dec 15, 2023 M&G forms JV with Nomura Real Estate Development on €232m prime central London office scheme by Released M&G Real Estate and Nomura Real Estate Development have formed a joint venture on The Fitzrovia.
Investors | Dec 15, 2023 AlphaReal secures $302m portfolio to manage for U.K. DB pension scheme by Released AlphaReal, a specialist real assets investment manager focused on secure income strategies, has secured a £240 million ($302 million) investment portfolio of ground rents, long lease real estate and infrastructure assets to manage on behalf of a large U.K. defined benefit pension scheme.
Transactions | Dec 15, 2023 Beal Bank originates $620m loan to fund construction for Knox Street development by Released Beal Bank has originated a construction and permanent loan of $619.45 million to a development venture for the construction of a mixed-use development in the Knox Street neighborhood of Dallas.
Transactions | Dec 15, 2023 FIBRA Prologis acquires 1.1msf of industrial in Mexico for $120m by Released FIBRA Prologis, an owner and operator of class A industrial real estate in Mexico, has acquired two buildings from Prologis located in Ciudad Juarez and Reynosa for $120 million.
Transactions | Dec 15, 2023 Olympian Homes, Housing Growth Partnership announce joint venture to deliver €140m, 790-bed PBSA scheme by Released Olympian Homes and Housing Growth Partnership (HGP) have formed an equity joint venture to deliver a 790-bed purpose-built student accommodation scheme.
Transactions | Dec 15, 2023 Invesco sells Lidl logistics center to Hines by Andrea Zander Invesco Real Estate has sold the 73,500-square-meter (791,150-square-foot) logistics center Mittelsachsen (LZM) in Hainichen, Germany.
