Transactions | Feb 12, 2020 The Union in Uptown Dallas sells to Korean investor for record-breaking price by Andrea Zander A South Korea–based investor has purchased The Union in Uptown Dallas, at a record-breaking price-per-square-foot sales price in North Texas, according to local media outlets.
Transactions | Feb 12, 2020 FEC announces acquisition of Ensign House, Canary Wharf, London by Released Far East Consortium International has acquired Ensign House in Canary Wharf, London, for £28.25 million ($36.65 million).
Research | Feb 12, 2020 Institutions increase exposure to U.K. hotels by over a quarter by Andrea Zander The U.K. hotel market defied expectations and saw investment volumes reach £6 billion ($7.8 billion) in 2019, attracting a significant 26 percent uplift in investment by institutional investors, according to the latest U.K. Hotel Capital Markets: Investment Review 2020 report by Knight Frank.
Fundraising | Feb 12, 2020 Albany Road closes first round of fundraising for latest real estate fund by Kali Persall Boston–based Albany Road Real Estate Partners has completed a first close for its third real estate fund.
Investors | Feb 12, 2020 Goodman and CPP Investments increase equity commitment to $5.5b in U.S. logistics partnership by Released Goodman Group and Canada Pension Plan Investment Board (CPP Investments) have committed an additional $2.5 billion of equity to the Goodman North American Partnership.
Transactions | Feb 12, 2020 SC Capital Partners sells Sydney office for $180m by Released SC Capital Partners on behalf of its RECAP Fund announced it has contracted with Poly Australia to sell its interest in 59 Goulburn Street, Sydney.
Fundraising | Feb 12, 2020 Oak Street Real Estate Capital Net Lease Property Fund hits $1.5b by Kali Persall The Oak Street Real Estate Capital Net Lease Property Fund, an open-end fund managed by Oak Street Real Estate Capital, is closing in on its target.
Investors | Feb 12, 2020 New York State Common Retirement Fund reports 5.28% return for third quarter by Kali Persall New York State Common Retirement Fund (NYSCRF), the third-largest public pension fund in the United States, has posted a return of 5.28 percent for the third quarter of state fiscal year 2019-2020.
Investors | Feb 12, 2020 Hong Kong’s worst-performing REIT faces formal complaint from unitholders by Released PAG Real Estate (PAG RE) has issued a formal complaint to Hong Kong’s Securities and Futures Commission (SFC) against Hong Kong–listed Spring Real Estate Investment Trust (Spring REIT), stock code 1426 HK, regarding substandard corporate governance, conflicts of interest and the consistent failure of Spring REIT’s manager to uphold its fiduciary duties to unitholders.
Transactions | Feb 12, 2020 Union Investment acquires Logistrial Real Estate for €800m by Released Union Investment has acquired Logistrial Real Estate AG from GARBE Industrial Real Estate.
Transactions | Feb 12, 2020 GIC acquires LG Twin Towers in Beijing for $1.2b by Released GIC, Singapore’s sovereign wealth fund, has acquired Beijing’s LG Twin Towers from South Korean conglomerate LG Group.
Transactions | Feb 12, 2020 Hines secures prime mixed-used scheme in London’s West End by Released Hines has acquired a flagship mixed-use retail and office scheme in the heart of London’s West End on behalf of the Hines European Value Fund 2.
Research | Feb 12, 2020 Investor interest in logistics sector remains strong by Loretta Clodfelter Investors continue to demonstrate a commitment to the industrial sector. Investors and fund of funds managers ranked the property type among their top three most preferred sectors for investment in 2020.
Investors | Feb 12, 2020 Trends in the current student housing market by Denise DeChaine University enrollment trends can be an indicator for the student accommodation sector, but it depends on which universities are being examined.
Measuring risk in a real estate portfolio by Steve Bergsman Is there an effective way to measure risk in a real estate portfolio?
Research | Feb 12, 2020 Orange County remains economic powerhouse in Southern California by Andrea Zander The multifamily market in Orange County, Calif., continues to see solid performance — due to strong demand and moderate supply growth — while single-family housing is among the most expensive in the nation.
People | Feb 11, 2020 L&G appoints new head of ESG as it accelerates climate changes efforts by Released LGIM Real Assets, a division of Legal & General Investment Management, has appointed Shuen Chan as head of ESG as the firm continues to establish itself as a global leader in responsible investment.
Research | Feb 11, 2020 Coronavirus is unlikely to bring European airports to a standstill, unless it spreads further by Released Under a base-case assumption that the coronavirus outbreak will stabilize globally in March 2020, with virtually no new cases in April, the outbreak should have only a limited impact on European airports.
Fundraising | Feb 11, 2020 ASR Dutch Core Residential Fund backed by unnamed investor by Kali Persall ASR Dutch Core Residential Fund, managed by ASR Real Estate, the real estate arm of one of the largest insurance companies in the Netherlands, has received new commitments.
Investors | Feb 11, 2020 Sacramento County launches tender for alternative assets consultant by Kali Persall The $10 billion Sacramento County (Calif.) Employees’ Retirement System (SCERS) is seeking a consultant for its alternative assets portfolio.
