Newsline

Panattoni has completed the speculative development of two last-mile logistics parks on the south coast.

Investcorp has revised its leadership structure.

CapitaLand Investment Limited (CLI) has entered into an agreement to divest its 50 percent interest in ION Orchard to its sponsored real estate investment trust, CapitaLand Integrated Commercial Trust (CICT). ION Orchard is currently held in a joint venture with Sun Hung Kai Properties (SHKP) holding the remaining 50 percent.  

Maryland State Retirement Agency has selected Thomas Kim as joint CIO for the Maryland State Retirement and Pension System (SRPS).

The $54 billion Illinois Municipal Retirement Fund (IMRF) board of trustees has appointed Callan as its new investment consultant and performance measurement services provider, effective Jan. 1, 2025.

Newlands Property Group Limited (NPGL), a specialist developer and operator and industrial and logistics projects across the United Kingdom, has acquired Equites Property Fund’s interests in the Equites Newlands Group Limited development platform.  

The pursuit of sustainability in real estate investments is intricately linked with the imperative of delivering competitive returns for investors. Traditionally, there has been a perception that sustainability initiatives come at the expense of financial performance.

Distress is on the rise across Europe, as borrowers face refinancing loans secured by assets which have shed between 14 percent to 27 percent of their value since early 2022, according to CBRE.

The U.S. commercial property scene, especially the office sector, has struggled in the post-COVID-19 era, as the work-from-home movement was first mandated but then became popular in many quarters. Some high-cost cities post-pandemic stopped growing demographically and economically, trends that were aggravated as the Federal Reserve pushed interest rates higher, thus relatively lowering the value of all properties.

Property owners, developers and investors are constantly wrestling with amenity strategies in a dynamic market. What amenities do people want and need, and where should owners and developers focus their investment dollars to deliver the biggest impact? COVID-19 has influenced how people interact with the built environment to live, work and play and prompted some further rethinking of amenity strategies.

Investors interested in the space have to navigate increasing complexity due to constantly evolving occupier needs, growing technical specifications, and stricter environmental, social and governance (ESG) requirements

With the bid-ask spread beginning to narrow and asset repricing settling in for various property sectors, many investors are gauging how their managers can best manage downside risk, create upside potential and ensure their money is safe.

PATRIZIA has secured an additional €200 million ($223 million) for its flagship Smart City Infrastructure Fund (SCIF) from cornerstone investor APG Asset Management, on behalf of its pension fund client ABP, bringing the total fund commitment to €950 million ($1.1 billion).

Niam has closed its Niam Nordic VIII fund.

GIC has acquired a logistics facility in Yokohama, part of the Greater Tokyo metropolitan area. The asset is located within the Kanagawa Prefecture and enjoys convenient access to the entire Greater Tokyo region.