Investors | Feb 17, 2021 Scottish government extends business rates relief by Released The Scottish government has announced a relief extension plan.
People | Feb 17, 2021 Jürgen Schmid joins Barings German management as head of acquisition & sourcing by Released Barings has named Jürgen Schmid head of acquisition & sourcing and appointed him to the German management board.
Transactions | Feb 16, 2021 SL Green Realty Corp. sells stake in NYC condominium valued at $275m by Andrea Zander SL Green Realty Corp. has entered into a contract to sell its 25 percent interest in the commercial condominium units located at 55 W. 46th St.
Transactions | Feb 16, 2021 Brookfield, Silverstein to develop residential tower on World Trade Center Campus by Andrea Zander The Port Authority of New York and New Jersey Board of Commissioners and the Lower Manhattan Development Corporation Board (LMDC) has approved the recommendation of the selection committee for the RFP.
Transactions | Feb 16, 2021 Invesco provides €150m for Milan-based residential project by Andrea Zander Future Projections, the joint venture between Borio Mangiarotti and Värde Partners, has finalized an agreement with Invesco Real Estate for the sale and development of the second residential lot of SeiMilano.
Transactions | Feb 16, 2021 M7 Real Estate sells office building in Porto, Portugal by Released M7 Real Estate has sold an office building in Porto, Portugal.
Transactions | Feb 16, 2021 TPG Real Estate Partners launches 4i Platform by Released TPG Real Estate Partners (TREP)has launched 4th Industrial (4i), a new venture to invest in U.K. industrial real estate.
Transactions | Feb 16, 2021 Aviva Investors acquires distribution center for €159m by Released Aviva Investors, the global asset management business of Aviva, has completed the acquisition of a distribution unit in Hams Hall, one of the Midland’s premier logistics parks, for £139 million (€159.25 million/$192.92 million).
Transactions | Feb 16, 2021 PGIM Real Estate acquires two residential buildings in Paris for its European core strategy by Andrea Zander PGIM Real Estate has acquired a residential portfolio of two properties, located in the 16th arrondissement of Paris.
Research | Feb 16, 2021 Warsaw’s total office stock approaches 64msf by Released About 314,000 square meters (3.4 million square feet) of new office space came to the Warsaw market in 2020, bringing the city’s total office stock to 5.9 million square meters (63.5 million square feet).
Transactions | Feb 16, 2021 Investcorp acquires industrial portfolio in Wales by Released Investcorp has acquired a portfolio of 13 multitenant industrial assets in South Wales.
Transactions | Feb 16, 2021 Ascendas India Trust buys Amazon-leased office in India for $69m by Andrea Zander Ascendas India Trust (a-iTrust) has entered into definitive agreements for the proposed acquisition of aVance 6 at HITEC City, Hyderabad.
Transactions | Feb 16, 2021 Korean-backed logistics fund acquires asset in Poland by Andrea Zander Savills Investment Management, on behalf of its Korean-backed logistics fund, has exchanged contracts to acquire a logistics property in Łódź, Poland.
Transactions | Feb 16, 2021 BlackRock Real Assets acquires Sainsbury’s warehouse in U.K. for €104m by Andrea Zander A fund managed by BlackRock Real Assets have acquired a Sainsbury’s distribution warehouse in Bedford, England, from Legal & General for £90.5 million (€103.97 million/$125.93 million).
People | Feb 16, 2021 Khalif Edwards joins Starwood Capital Group as a managing director by Kali Persall Starwood Capital Group has hired Khalif Edwards as a managing director in its global capital raising and investor relations group.
Much of retail’s resilience in 2020 owed to grocery-anchored shopping centers by Kali Persall The COVID-19 pandemic has had a disproportionate effect on the retail sector during the past year, shuttering brick-and-mortar stores while accelerating online shopping trends to unprecedented levels.
Transactions | Feb 12, 2021 Marriott International plans $250m hotel in Washington, D.C. by Released Comstock Holdings Cos. has announced one of its managed companies, CRS Hotel, entered into a franchise agreement with Marriott International.
Investors | Feb 12, 2021 CPP Investments ends third quarter of FY21 with $374b of net assets by Kali Persall Canada Pension Plan Investment Board (CPP Investments) has ended the third quarter of fiscal year 2021 with C$475.7 billion ($374 billion) of net assets, surpassing its C$456.7 billion ($360 billion) from the previous quarter.
Transactions | Feb 12, 2021 Warehouse REIT buys four modern warehouses by Released Warehouse REIT has acquired four modern warehouse units on Boulevard Industry Park in Speke, Liverpool, England, totaling 390,000 square feet.
Investors | Feb 12, 2021 Fed signals intent to maintain low rates in 2021 by Loretta Clodfelter The Federal Reserve has signaled its intentions to maintain low interest rates in 2021, which is likely to be positive for investors in commercial real estate, noted Ivan Kustic, vice president at MetroGroup Realty Finance.
