Withstanding the test of time: The resilience of Asia’s economy during the pandemic by Milan Khatri For real estate investors, Asia’s attractive economic growth performance over the past two decades has resulted in rising asset allocations. The relatively strong economic performance during the pandemic reinforces the argument that a balanced global portfolio should be making sizable allocations to the region.
Navigating markets and the operating landscape by Mike Bessell and Nicholas Buss The global macroeconomic landscape has changed significantly in a few short years. The result is a need for a more nuanced framework to analyze real estate assets. Furthermore, a structure built on the fundamental utilization of the space, rather than the traditional real estate asset class, enables investors to better understand the underlying risk exposures within a portfolio, and drive greater diversification.
Capital seeks Asian property despite global headwinds by Benjamin Cole Institutional property investors in any year must think long term, as the acquisition, development and disposition of large-scale real estate assets and portfolios is not the day-traders’ game. No matter how shrill the headlines, the institutional real estate player often can do little in troubled times but hunker down — or maybe even hunt for emergent opportunities.
Transactions | Jun 29, 2022 SL Green Realty Corp. forms JV with foreign investors for NYC office tower by Released SL Green Realty Corp. has closed on the previously announced acquisition of 450 Park Avenue in New York City in a newly formed joint venture.
Transactions | Jun 29, 2022 Two Bally’s Corp. Rhode Island assets sell for $1b by Andrea Zander Gaming and Leisure Properties (GLPI) has paid $1 billion for Bally’s Corp.’s two Rhode Island casino properties, Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel.
Research | Jun 29, 2022 Asia Pacific leads global demand for office space even as adoption of hybrid working gradually overcomes cultural obstacles by Released Hybrid working may be here to stay, but the rate at which countries in Asia Pacific are adopting flexible working practices varies greatly, according to Cushman & Wakefield’s report.
Research | Jun 29, 2022 Singapore tops sustainability index for APAC by Andrea Zander Knight Frank research has identified Singapore, Sydney, Wellington, Perth and Melbourne as the Asia Pacific’s top five green-rated cities for commercial real estate.
Research | Jun 29, 2022 Transparency is key to successful investment partnerships by Andrea Zander General partners (GPs) today have to respond faster to investment opportunities.
Transactions | Jun 29, 2022 Universal Enterprises and Marriott International sell Maldives hotel portfolio by Andrea Zander Universal Enterprises and Marriott International have sold the Sheraton Maldives Full Moon Resort & Spa and the W Maldives.
Investors | Jun 29, 2022 TMRS plans $750m of real estate investments, rebalancing of core portfolio by Kali Persall At its June 23 meeting, the Texas Municipal Retirement System (TMRS) revealed plans to commit $750 million of capital to real estate in 2022.
Transactions | Jun 29, 2022 Fusion to develop first project in London, €243m PBSA scheme by Andrea Zander Property developers Related Argent and Fusion have formed a partnership to build and manage a £210 million (€243 million/$255 million) student accommodation.
Investors | Jun 29, 2022 NYSCRF awards $100m to BIG Real Estate Fund II by Kali Persall The New York State Common Retirement Fund (NYSCRF) has invested $100 million in BIG Real Estate Fund II (BIG Fund II), managed by Basis Investment Group, on behalf of its emerging manager program.
Transactions | Jun 29, 2022 Barings acquires Bay Area life sciences portfolio by Released Barings has acquired a portfolio of three life sciences assets.
Transactions | Jun 29, 2022 Tristan Fund sells German warehouse portfolio to Crossbay by Released EPISO 5, a fund managed by Tristan Capital Partners, has sold a portfolio of warehouse assets located in Germany to Crossbay, the urban logistics platform for pan-European real estate investment manager MARK.
Transactions | Jun 29, 2022 Chevron Corp. to sell 92-acre HQ Campus in San Francisco Bay Area by Andrea Zander Chevron Corp. plans to sell its 92-acre headquarters campus, Chevron Park, located in the San Francisco Bay Area city of San Ramon.
Investors | Jun 29, 2022 Pennsylvania PSERS seeks private markets investment consultant by Kali Persall Pennsylvania Public School Employees’ Retirement System (Penn PSERS) has launched an RFP in search of private markets consulting services and investment back-office services.
Transactions | Jun 28, 2022 Prologis buys amusement park for $310m by Andrea Zander Cedar Fair has sold the land at its California’s Great America amusement park and plans to close the park.
Research | Jun 28, 2022 Hospitality market disconnect between fundamentals by Released There’s a big disconnect between hospitality fundamentals, which are exceptionally strong for many assets, while the debt markets have been deteriorating meaningfully.
Transactions | Jun 28, 2022 Landmark Properties to develop first L.A. project by Released Landmark Properties has expanded its student housing portfolio in California.
Investors | Jun 28, 2022 Actis to invest more than $700m to develop life sciences realty assets in India by Andrea Zander Actis has plans to invest more than $700 million to develop and expand its life sciences realty portfolio.
