Research | Nov 9, 2022 Decarbonizing cities and real estate: The U.S. landscape from a global perspective by Released Urgent action is undoubtedly needed for commitments to decarbonize real estate and the wider economy, according to JLL in a new report, Decarbonizing Cities and Real Estate.
Investors | Nov 9, 2022 AkademikerPension plans to grow property portfolio to nearly $1b by 2026 by Kali Persall AkademikerPension, a public pension fund based in Denmark, has unveiled a new real estate strategy to increase the property portfolio from the current DKK 2 billion ($270 million) to DKK 7 billion ($944 million) by 2026.
Research | Nov 9, 2022 €151b heading for European living sectors by Andrea Zander Investors in the student housing, multifamily and seniors housing markets across Europe are planning to significantly increase their exposure and activity over the next five years, according to Knight Frank in its European Living Sectors Investor Survey.
Research | Nov 9, 2022 Study reveals U.S. institutional investors are increasing their focus on structured credit by Released About 85 percent believe pension schemes will increasingly focus on structured credit products because they offer attractive yields when compared to other asset classes, and because they are also secured against collateral and subject to structural protections such as debt covenants and credit enhancement.
Transactions | Nov 8, 2022 Japanese office tower sells for $2.7b by Andrea Zander Tosei Asset Advisors was the winning bidder in the bidding for stake sale of the 2.1 million-square-foot Otemachi Place.
Investors | Nov 8, 2022 Massachusetts Housing Finance Agency Retirement System slates $30m for core real estate by Kali Persall The Massachusetts Housing Finance Agency Retirement System has launched an RFP seeking proposals from core real estate strategies, according to a document published by Meketa Investment Group. The board plans to invest $30 million in an open-ended core real estate fund.
Real Estate | Nov 8, 2022 A&E Real Estate acquires South Brooklyn multifamily portfolio for $248m by Andrea Zander A&E Real Estate has finalized the acquisition of 14 multifamily buildings in Brooklyn’s Gravesend and Sheepshead Bay neighborhoods.
Transactions | Nov 8, 2022 Savills IM acquires properties in Japan and Australia for pan-Asian flagship fund by Andrea Zander Savills Investment Management has completed investments in the office and residential sectors in Japan.
Investors | Nov 8, 2022 Texas TRS slates $50m for opportunistic real estate fund by Kali Persall The Teacher Retirement System (TRS) of Texas has committed $50 million to Almanac Investment Manager Solutions.
Transactions | Nov 8, 2022 ESR breaks ground on first phase of $2b multiphase data center campus in central Osaka, Japan by Released ESR Group has begun construction of its first 19.2-megawatt (MW) data center, ESR Cosmosquare OS1, at Nanko Kita, Osaka, Japan.
Investors | Nov 8, 2022 Tishman Speyer and Mitsui Fudosan America establish logistics development JV by Andrea Zander Tishman Speyer and Mitsui Fudosan America (MFA) have formed a new programmatic joint venture.
Research | Nov 8, 2022 Hybrid working is driving demand for offices with less of a commute in Europe by Released A study by global workplace creation experts Unispace has found that employees' new working preferences have created an immediate need for firms to rethink their real estate footprint.
People | Nov 8, 2022 Alecta appoints former head of Denmark's largest pension fund to lead asset management group by Kali Persall Henrik Gade Jepsen has been selected to lead the asset management activities at Swedish pension provider Alecta, effective Dec. 1.
Transactions | Nov 8, 2022 GIC, Dream Industrial REIT to acquire Summit Industrial Income REIT for $4.4b by Andrea Zander GIC and Dream Industrial REIT (DIR) have acquired Summit Industrial Income REIT for C$5.5 billion ($4.4 billion).
Fundraising | Nov 8, 2022 Equus completes final closing for 14th value-add fund by Kali Persall Equus has completed the final closing for its 14th value-add fund, Equus Investment Partnership, XII (Fund XII), raking in more than $465 million of equity commitments.
Investors | Nov 7, 2022 New Hampshire Retirement System records first negative returns since 2009 by Kali Persall The New Hampshire Retirement System (NHRS) has recorded a -6.1 percent return on investments in the fiscal year ending June 30, but exceeded the total fund benchmark of -9.3 percent.
Transactions | Nov 7, 2022 Pacific Retail Capital Partners, Aareal Bank Group form JV with SL Green Realty Corp. and The Cappelli Organization by Andrea Zander Pacific Retail Capital Partners (PRCP) and Aareal Bank, owner of The Galleria at White Plains, N.Y., have formed a new joint venture partnership with SL Green Realty Corp. and the Cappelli Organization.
Transactions | Nov 7, 2022 Newmark arranges $360m financing for self-storage portfolio for Angelo Gordon, Andover Properties by Released Newmark has arranged $360 million in financing for a 50-asset, 3.9 million-square-foot national self-storage portfolio on behalf of Angelo Gordon and Andover Properties.
People | Nov 7, 2022 Grosvenor appoints new development team by Released Grosvenor has made several appointments to its development team.
Fundraising | Nov 7, 2022 AltamarCAM Partners, Terralpa Investments bring high-end residential fund to market in Spain by Kali Persall AltamarCAM Partners in partnership with Terralpa Investments are planning to launch a new €200 million ($199 million) investment vehicle in Spain.
