Investors | Jun 1, 2022 Global property securities “well-placed” amid current macro environment by Loretta Clodfelter The global macroeconomic environment may provide challenges for real estate investors, but the underlying fundamentals for most property types will be supportive of investment in the sector, according to Stephen Hayes, head of global property securities at First Sentier Investors, in an interview with IREI.
Transactions | Jun 1, 2022 Stratus Properties Inc. completes $260m sale by Released Stratus Properties has completed the previously announced sale of Block 21 to Ryman Hospitality Properties and its affiliates for $260 million.
Transactions | Jun 1, 2022 Iconic Equities, Leste Real Estate form $400m industrial partnership by Andrea Zander Iconic Equities and Leste Real Estate U.S. have formed a joint venture.
Transactions | Jun 1, 2022 Madison Realty Capital receives strategic minority investment from ICONIQ by Released ICONIQ Investment Management has made a strategic minority investment in Madison Realty Capital.
Transactions | Jun 1, 2022 CARROLL, PGIM execute multifamily portfolio sale for $885m by Andrea Zander CARROLL, in partnership with PGIM Real Estate, the $209.3 billion real estate investment and financing business of Prudential Financial, has sold 12 multifamily communities representing 3,564 total units across Florida, North Carolina and Tennessee for $885.5 million.
Transactions | Jun 1, 2022 Savills IM acquires grade-A distribution center in the Netherlands by Kali Persall Savills Investment Management has acquired a modern grade-A distribution center in Veghel, the Netherlands, for its pan-European logistics strategy. The seller in the sale-leaseback transaction is Biotope B.V., the owner of the tenant Udea BV. The parties have agreed not to disclose the investment volume.
Why investors might pursue diversified versus sector-specific strategies by Kali Persall Experts say investors’ decision to follow a diversified strategy versus sector-specific strategy depends on many differentiators, such as the size of the investor organization, risk/return appetite and desired portfolio weightings, to name a few.
Transactions | Jun 1, 2022 Hines, Blue Noble to open 150 high-end apartments in Italy by Kali Persall Hines and Blue Noble, joint investors in the Future Living fund managed by Savills Investment Management, have finalized an agreement with Starhotels.
Transactions | May 31, 2022 CBRE, neoturis advise on selection of YOTEL in World Trade Center Lisbon by Released Global real estate advisor CBRE, alongside tourism consultant neoturis, has advised FVC Group on the operator selection of YOTEL for a future hotel located in World Trade Center (WTC), Lisbon.
People | May 31, 2022 MetLife Investment Management announces new head of real estate debt by Released David Politano has been named head of real estate debt at MetLife Investment Management (MIM), leading the debt strategies group.
Transactions | May 31, 2022 Ardian sells iconic office asset in Paris to M&G by Kali Persall Ardian has sold an iconic office building located in the Monceau Business Area of Paris to M&G for €271 million ($289 million).
Transactions | May 31, 2022 Schroder Real Estate Investment Trust snaps up St. Ann’s House in Manchester by Kali Persall Schroder Real Estate Investment Trust (SREIT) has paid £14.7 million ($18.5 million) for St. Ann’s House, a mixed-use office and retail asset in Manchester.
Transactions | May 31, 2022 Kennedy Wilson acquires 20 urban logistics assets in the U.K. by Kali Persall Kennedy Wilson has acquired a high-quality diversified portfolio of 20 U.K. urban logistics assets in a $287 million off-market transaction with U.K. logistics specialist Leftfield.
Transactions | May 31, 2022 Invesco expands apartment offering in Prague by Kali Persall Invesco Real Estate has acquired a major residential development in the center of Prague, marking its sixth acquisition for its European Living Fund, which launched in late 2020.
People | May 31, 2022 Martin Farinola to lead real estate debt strategies at Delancey by Kali Persall Delancey, a U.K.-focused real estate investment and development adviser, has appointed Martin Farinola as its head of real estate debt strategies.
SC Capital Partners sells portfolio of industrial, logistics assets in China by Kali Persall Singapore-based SC Capital Partners Group has sold a portfolio of China industrial and logistics assets to a global institutional investment manager. Financial terms were undisclosed.
Research | May 31, 2022 Real estate shielded from effects of deglobalization, MSCI report finds by Kali Persall Although deglobalization is having profound implications for portfolio construction, a new report by MSCI suggests that real estate will be less exposed to the effects of deglobalization than other asset classes, as there are indications the asset class has become more global in recent years.
Fundraising | May 31, 2022 Nuveen secures €150m for fourth debt strategy against €500m target by Kali Persall Nuveen Real Estate, one of the largest investment managers in the world with $152 billion of assets under management, has completed the first closing of its fourth debt strategy in the European commercial real estate debt series.
Transactions | May 31, 2022 Cadillac Fairview, Boreal IM invest €250m in warehouses assets by Kali Persall Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan — one of Canada's largest pension funds — and Boreal IM have acquired the Nucleus Estate in Park Royal, West London, and an estate within the Port of Rotterdam for a combined total of €250 million ($269 million).
Transactions | May 31, 2022 Cheyne Capital sells shareholding in Elivia Homes by Kali Persall Cheyne Capital has sold its majority shareholding in independent housebuilder Elivia Homes (formerly Vanderbilt Homes) to funds advised by Octopus Investments.
