Transactions | May 10, 2021 Magdalen College to sell 40% of Oxford Science Park by Andrea Zander Magdalen College Oxford is seeking a strategic partner to accelerate the development of The Oxford Science Park.
Transactions | May 10, 2021 ESR and BW form joint venture for development project in Vietnam by Released ESR Cayman Limited and BW Industrial Development Joint Stock Company have entered into a development joint venture to develop and own a significant modern industrial park near Ho Chi Minh City, Vietnam.
Transactions | May 10, 2021 Hines and Blue Noble invest in Milan, Italy by Released Hines, in a joint venture with Blue Noble, has invested in the prestigious Via Borgospesso 15 in Milan with the aim of creating more than 70 serviced apartments.
Fundraising | May 10, 2021 DWS launches open-end residential fund in Europe by Kali Persall DWS has launched a new residential open-ended real estate strategy for institutional investors.
Transactions | May 10, 2021 Urban Splash Residential Fund makes €349m acquisition by Released The Urban Splash Residential Fund (USR) has invested in the £300 million (€349 million/$424 million) New Islington neighborhood.
Investors | May 10, 2021 Matter Real Estate launches as an independent real estate investment firm by Released Matter Real Estate has spun out of ESO Capital to create an independent, direct real estate investment firm focused on value-add and opportunistic real estate across evolving sectors in Northern Europe.
Transactions | May 10, 2021 J.P. Morgan Global Alternatives acquires €540m pan-European logistics portfolio by Andrea Zander A fund managed by J.P. Morgan Global Alternatives, the alternative investment arm of J.P. Morgan Asset Management, has acquired a €540 million ($647 million) portfolio of logistics assets.
People | May 10, 2021 Ryan Krauch joins senior management team of USAA Real Estate by Andrea Zander USAA Real Estate has announced that Ryan Krauch, most recently a principal with Morgan Stanley’s Mesa West Capital, is joining USAA Real Estate’s senior leadership team as executive managing director and member of the investment committee, effective immediately.
Research | May 7, 2021 Multifamily rents rose last month, indicating pandemic recovery by Released The multifamily market is rebounding from the pandemic at a rapid clip, and gateway markets are now seeing positive performance indicators for the first time in many months.
Research | May 7, 2021 Dodge Momentum Index hits 12-year high led by institutional planning by Released The Dodge Momentum Index posted an 8.6 percent gain in April, climbing to 162.4 (2000=100) from the revised reading of 149.5 in March.
Investors | May 7, 2021 Texas TRS backs three real estate funds during April by Kali Persall The Teacher Retirement System (TRS) of Texas has disclosed three real estate investments.
Transactions | May 7, 2021 German pension fund buys eight-building residential development by Released Dutch-German investment manager Primevest Capital Partners has purchased an eight-building residential development in Peine, Germany, on behalf of a German pension fund.
Investors | May 7, 2021 LACERS commits $40m to GLP Capital Partners IV by Kali Persall The Los Angeles City Employees Retirement System (LACERS) has approved a $40 million commitment to a fund managed by GLP Capital Partners.
Fundraising | May 7, 2021 Ardstone Capital secures €450m for open-end residential fund in Ireland by Kali Persall Ardstone Capital, an independently owned property investment manager entirely focused on U.K. and other European real estate, has raised €450 million ($541 million) for its new core, open-end fund targeting the social and affordable residential sector in Dublin, Ireland.
Transactions | May 7, 2021 Craig International to develop $250m mixed-use project near Dallas by Released Craig International has plans to develop a $250 million mixed-use development in McKinney, Texas, and has broken ground on the project, known as District 121.
Research | May 7, 2021 April sees 266,000 new jobs, falls short of expectations by Loretta Clodfelter In April, total nonfarm payroll employment increased by 266,000.
Research | May 7, 2021 30 funds reach final close, raise $26.5b by Denise DeChaine During the first quarter 2021, the final closing of 30 real estate investment funds was recorded, representing an aggregate dollar volume of $26.5 billion.
Transactions | May 7, 2021 EG acquires office asset near Melbourne, Australia by Released EG has acquired 675 Victoria St., an office asset in Abbotsford, Australia, for A$27.3 million ($21.4 million) for the Yield Plus Infrastructure No. 2 Fund.
Research | May 7, 2021 Skilled nursing occupancy ticks upward by Andrea Zander Occupancy at U.S. skilled nursing facilities increased to 71.2 percent in February 2021 compared to 70.7 percent from the previous month.
Research | May 7, 2021 Is this a Goldilocks recovery? Consumers will decide by Andrea Zander Despite COVID-19 cases rising globally, Oxford Economics noted the upside risks to the firm’s already relatively optimistic baseline are material.
