Investors | Oct 27, 2022 OP&F posts positive net returns for real assets in second quarter 2022 by Kali Persall The $16.7 billion Ohio Police & Fire Pension Fund (OP&F) has posted a 0.9 percent net return for its real assets portfolio — which includes infrastructure — in second quarter 2022, and a net return of 11.1 percent for the year ending June 30, according to a performance review by The Townsend Group.
Investors | Oct 27, 2022 Ivanhoé Cambridge invests in Scape Australia by Andrea Zander Ivanhoe Cambridge has plans to invest $1 billion in student housing operator Scape’s main fund, Scape Core Program.
Investors | Oct 27, 2022 GIC invests in Australian residential fund by Andrea Zander Singapore’s GIC has plans to invest A$400 million ($259 million) in luxury developer GurnerTM’s Australia build-to-sell fund.
Transactions | Oct 27, 2022 BNP Paribas REIM acquires mixed-use asset in Germany for its EIPF fund in off-market deal by Released BNP Paribas Real Estate Investment Management Germany recently acquired a mixed-use property in Leipzig, Germany, for its European Impact Property Fund (EIPF).
Investors | Oct 27, 2022 APG, CLI acquire Extra Space Asia by Andrea Zander A consortium comprising APG Investments Asia Ltd. (the regional investment manager for the largest pension provider in the Netherlands, with AUM in excess of €553 billion [$556.7 billion]), and CapitaLand Investment (CLI), has acquired Extra Space Asia (ESA), a self-storage owner-operator in Asia.
Transactions | Oct 27, 2022 PineBridge Benson Elliot acquires controlling stake in Spain’s second-largest self-storage operator by Released PineBridge Benson Elliot, a U.K.-based specialist pan-European real estate fund manager, has acquired a controlling stake in Necesito un trastero SL, the second-largest self-storage operator in Spain.
Research | Oct 27, 2022 European logistics supply drops to lowest level by Andrea Zander The latest research from CBRE shows the supply of European logistics space has dropped to a new low, with average vacancy rates across the region sitting just under 2.3 percent, a decrease of 50 basis points year-on-year.
Transactions | Oct 27, 2022 U.S. firm enters French logistics market, acquires 15-property portfolio by Released U.S. real estate investment manager Realterm has acquired a 15-property logistics portfolio in France.
Fundraising | Oct 27, 2022 Transwestern Investment Group completes its largest fundraise to date by Kali Persall Transwestern Investment Group (TIG), a real estate investment adviser with $7.3 billion of assets under management, has raised $325 million of commitments for its Transwestern Strategic Partners Fund III (TSP Fund III) — the firm’s largest fundraise to date.
Investors | Oct 27, 2022 Illinois Teachers' Retirement System invests $300m in Starwood Capital Group by Kali Persall The Teachers' Retirement System of the State of Illinois (ITRS) has unveiled a commitment of up to $300 million.
People | Oct 26, 2022 Global Student Accommodation strengthens U.S. team, appointing new director by Released Michael Neeley has joined Global Student Accommodation (GSA) as asset management director.
Transactions | Oct 26, 2022 Amro Partners and Falco Capital acquire new PBSA project in Alicante by Andrea Zander Amro has purchased a new student housing project in Alicante, Spain, alongside joint venture partner Falco Capital.
People | Oct 26, 2022 H.I.G. Realty hires Alessio Lucentini as real estate head of asset management in Europe by Released H.I.G. Capital has hired Alessio Lucentini as a managing director and head of real estate asset management in Europe.
Research | Oct 26, 2022 INREV: European non-listed real estate debt market grows steadily, led by the UK by Andrea Zander According to the 2022 INREV Debt Vehicles Universe study, the European non-listed real estate market has grown steadily to 98 vehicles with a total target equity of €60.3 billion ($60.71 billion)[1]. Over the last seven years, vehicles in the Universe have more than doubled in number and size.
Transactions | Oct 26, 2022 Security Properties JV makes second purchase, pays $104m for multifamily property in Seattle by Released A joint venture between Security Properties and STARS REI purchased 624 Yale, a trophy type-one midrise style multifamily property located in Seattle's South Lake Union neighborhood for $104 million.
Transactions | Oct 26, 2022 Manulife Investment Management announces acquisition of industrial warehouse in Fort Worth by Released Manulife Investment Management has acquired Alliance Gateway 11, a 788,160-square-foot industrial warehouse located in the NE Tarrant/Alliance submarket of Fort Worth, Texas.
Investors | Oct 26, 2022 SWIB to increase real estate allocation by Kali Persall The $166 billion State of Wisconsin Investment Board (SWIB) is planning a vote to increase its real estate allocation from 7 percent to 8 percent at the recommendation of investment adviser NEPC.
Investors | Oct 26, 2022 Chicago Public School Teachers' Pension & Retirement Fund backs Longpoint Realty Fund III by Kali Persall The Chicago Public School Teachers' Pension & Retirement Fund has approved a $35 million commitment to a value-added real estate fund managed by Longpoint Realty Partners.
Investors | Oct 26, 2022 Illinois SURS slates $50m for Torchlight Debt Opportunity Fund VIII by Kali Persall Illinois State Universities Retirement System (SURS) has set aside $50 million for a closed-end debt fund managed by Torchlight Investors.
Transactions | Oct 26, 2022 Swire Properties, China Tourism Duty Free Unit to develop retail complex in Hainan by Released Swire Properties has plans to partner with state-owned China Tourism Group Duty Free Corporation to develop a resort-style retail complex in Hainan province.
