Fundraising | Dec 6, 2021 MPC Capital holds €66m second closing for open-ended ESG fund by Kali Persall MPC Capital has added new institutional investors to its open-ended AIF, ESG Core Wohnimmobilien Deutschland fund.
Transactions | Dec 6, 2021 AXA IM Alts pays €40m for Italian PBSA scheme by Released AXA IM Alts has agreed to pay €40 million ($90 million) for a 400-bed purpose-built student-accommodation (PBSA) scheme in Florence, Italy.
Investors | Dec 6, 2021 Iowa Public Employees logs record return, plans private real asset investments by Kali Persall The Iowa Public Employees’ Retirement System (IPERS) has announced a near-record 29.6 percent investment return in fiscal year 2021, which generated more than $9 billion for the IPERS Trust Fund.
Single-family rental market puts down roots in commercial housing industry by Kali Persall Although a fairly nascent industry in comparison to some of the larger “food groups” of traditional commercial real estate, the single-family rental (SFR) sector is quickly capturing the attention of a growing number of institutional investors.
Transactions | Dec 3, 2021 CBRE Investment Management and Portus Retail closes largest European single-asset retail park transaction in two years by Released CBRE Investment Management as sold BIG Shopping Park in Copenhagen.
Investors | Dec 3, 2021 Futureal launches European investment management business by Released Futureal has launched Futureal Investment Partners.
Investors | Dec 3, 2021 Credit market and property market contagion in China by Jennifer Molloy When news broke in September 2021 that property developer China Evergrande Group might default on loan repayments, global markets took note. Amid ongoing default risk among other Chinese property developers as well, what is the current state of China’s credit market and real estate market, and how much do investors need to concern themselves about possible regional and global knock-on effects?
Research | Dec 3, 2021 UBS Asset Management releases its real estate outlook report by Andrea Zander The economy slowed in the third quarter, while inflation is proving higher and more persistent than originally expected.
Transactions | Dec 3, 2021 NPS, LaSalle pay $1.65b for London office by Andrea Zander South Korea’s National Pension Service with LaSalle Investment Management has reportedly paid £1.25 billion (€1.46 billion/$1.65 billion) for UBS Group AG’s London headquarters at 5 Broadgate.
Transactions | Dec 3, 2021 Shorenstein Properties buys asset in Denver by Andrea Zander Shorenstein Properties has acquired Rev360.
Research | Dec 3, 2021 U.S. economy adds 210,000 jobs in November by Loretta Clodfelter Total nonfarm payroll employment in the United States increased by 210,000 jobs in November, according to the Bureau of Labor Statistics, and the unemployment rate declined to 4.2 percent.
Investors | Dec 3, 2021 Ivanhoé Cambridge launches €400m last-mile logistics strategy by Andrea Zander Ivanhoé Cambridge has launched a new last-mile logistics strategy in Northern Europe.
Transactions | Dec 3, 2021 Life Science REIT makes maiden purchase by Andrea Zander Life Science REIT, the recently launched real estate investment trust focused on U.K. life science properties, has completed its maiden acquisition with a £77 million (€90 million/$102 million) purchase in London.
Transactions | Dec 3, 2021 Blackstone buys stake in Grosvenor Place for $649m by Andrea Zander Dexus has settled on the sale of a 50 percent interest in Grosvenor Place, Sydney.
Investors | Dec 3, 2021 Arizona pension fund puts $50m in Lubert-Adler Recovery and Enhancement Fund by Kali Persall The Public Safety Personnel Retirement System of the State of Arizona (PSPRS) has earmarked $50 million for the Lubert-Adler Recovery and Enhancement Fund.
Fundraising | Dec 3, 2021 Enterprise Community Partners raises $365m for low-income housing tax credit funds by Kali Persall Enterprise Community Partners has closed two of its low-income housing tax credit funds.
Research | Dec 3, 2021 Demand for industrial expected to remain high, but increasing new supply will ease the pressure in 2022 by Released Cushman & Wakefield has released its North American Industrial Forecast for 2022/23 showing a projected 855 million square feet of absorption and new supply of industrial properties at 932 million square feet.
Investors | Dec 3, 2021 Ohio Police & Fire puts $125m in Prologis Targeted U.S. Logistics Fund by Kali Persall The $18.98 billion Ohio Police & Fire Pension Fund (OP&F) has approved a recommendation to commit up to $125 million to Prologis Targeted U.S. Logistics Fund.
Transactions | Dec 2, 2021 Cain and PGIM Real Estate agree on U.K. development funding by Released Cain International and PGIM Real Estate have agreed to provide a development loan of £191 million (€225 million/$254 million) to finance Union, Vita Group’s new 500,000-square-foot build-to-rent (BTR) development in Manchester, United Kingdom.
Transactions | Dec 2, 2021 Digital Edge completes its largest acquisition to date in Japan by Released Digital Edge (Singapore) Holdings Pte. Ltd. announced the acquisition of five data-center assets from Itochu Techno-Solutions (CTC) for a total purchase price of approximately $230 million (JPY26 billion), representing Digital Edge’s largest single investment in Japan to date.
