Transactions | Mar 23, 2022 Fosun International buys stake back in Shanghai office for $1b by Andrea Zander Fosun International has agreed to repurchase a 50 percent stake in its Bund Finance Center in Shanghai for $1 billion.
Transactions | Mar 23, 2022 Preiss Company acquires 828-bed University Trails College Station by Released The Preiss Co. (TPCO) has announced the acquisition of the 828-bed University Trails College Station student housing community.
Fundraising | Mar 23, 2022 PATRIZIA’s open-ended core fund solicits $99m for ESG-related projects by Kali Persall PATRIZIA has launched a £75 million ($99 million) fundraise for ESG-linked capex projects in its flagship U.K. open-ended core fund, PATRIZIA Hanover Property Unit Trust.
Investors | Mar 23, 2022 Taurus Investment Holdings and Aegon Asset Management announce ESG-centric decarbonization venture by Andrea Zander Taurus Investment Holdings (Taurus), a global private equity real estate firm, and Aegon Asset Management (Aegon AM) have entered into four-year, $600 million ESG-centric venture to acquire value-add multifamily assets and considerably reduce the energy consumption and carbon output of those assets.
Transactions | Mar 22, 2022 Prologis bids for Blackstone’s $23b last-mile portfolio by Andrea Zander Prologis has reportedly issued a €21 billion ($23 billion) nonbinding offer to acquire a portfolio of more than 1,700 warehouses held by Mileway.
Investors | Mar 22, 2022 Retail pension fund selects Tikehau Capital for impact private debt mandate by Kali Persall Tikehau Capital has been selected by Pensioenfonds Detailhandel, the pension fund for the retail sector in the Netherlands, to manage a €100 million ($110 million) impact private debt mandate.
People | Mar 22, 2022 PGIM Real Estate strengthens real estate debt business by Kali Persall PGIM Real Estate has announced a series of executive hires and promotions as part of a strategy to strengthen its debt business.
Transactions | Mar 22, 2022 Temasek-linked consortium wins $2.9b for Singapore Press by Andrea Zander Singapore Press Holdings has approved acquisition by Cuscaden Peak, which is purchasing SPH’s non-media assets.
Investors | Mar 22, 2022 Sirius Real Estate to convert U.K. business into REIT structure by Released Sirius Real Estate has plans to convert its U.K. business to a U.K. REIT from April 1, 2022.
Investors | Mar 22, 2022 Kennedy Wilson increases European urban logistics platform by $1.5b by Andrea Zander Kennedy Wilson has plans to expand its logistics platform by an additional $1.5 billion.
Investors | Mar 22, 2022 Macomb County Retirement System puts $50m in core real estate by Kali Persall At its Feb. 17 meeting, the Macomb County (Mich.) Retirement System approved a $50 million investment split across two core real estate managers.
Investors | Mar 22, 2022 Warburg Pincus-backed NWP Property and CRE Asia establish modern logistics JV by Andrea Zander PT Nirvana Wastu Pratama, a infrastructure platform co-founded by Warburg-Pincus and led by CEO Timothy Daly; CRE Asia Pte. Ltd., a consolidated subsidiary of CRE, led by its president Tadahide Kameyama; and Bonny Setiawan, an Indonesian entrepreneur and experienced logistics professional, announced a joint venture to invest in modern, big-box logistics real estate in Indonesia.
Investors | Mar 22, 2022 Louisiana School Employees sets aside $25m for Pretium Residential Credit Fund II by Kali Persall Louisiana School Employees Retirement System (LSERS) has approved a commitment of up to $25 million to Pretium Residential Credit Fund II, IREI has learned.
Fundraising | Mar 22, 2022 SDC Digital Infrastructure Opportunity Fund III surpasses $1.3b by Kali Persall SDC Capital Partners has secured more than $1.3 billion for its SDC Digital Infrastructure Opportunity Fund III.
Investors | Mar 22, 2022 Marcus Capital Partners Fund IV picks up TCDRS as an investor by Kali Persall Texas County & District Retirement System (TCDRS) has greenlighted a commitment of up to $75 million to Marcus Capital Partners Fund IV.
Transactions | Mar 22, 2022 CIM Group sells mixed-use development in Miami’s Wynwood District by Released CIM Group has sold Strata Wynwood, a recently completed mixed-use development with 257 apartment residences, 60,300 square feet of creative office space, 27,040 square feet of retail and 474 parking spaces in the Wynwood Arts District of Miami.
Research | Mar 21, 2022 Will a rebound in travel accelerate the hotel recovery in 2022? by Released The travel and hotel landscape faced unprecedented uncertainty as the global pandemic took hold. Now that the health crisis is beginning to subside, the sector is gaining momentum and creating new opportunity, according to Marcus & Millichap.
Research | Mar 21, 2022 STR reports continued improvement for the U.S. hotel industry during February by Released The U.S. hotel industry reported higher performance than the month prior, along with better indexed comparisons with 2019, according to February 2022 data from STR.
Transactions | Mar 21, 2022 UBS Asset Management pays €71m for student-accommodation asset in UK by Released UBS Asset Management Real Estate & Private Markets has purchased a prime student-accommodation asset in Nottingham, England.
Transactions | Mar 21, 2022 M&G Real Estate pays €385m for Japanese multifamily housing portfolio by Andrea Zander M&G Real Estate has purchased a portfolio of 30 residential assets in Japan’s gateway cities.
