Transactions | Dec 10, 2019 Related Cos., Enel X install NYC’s largest battery storage system by Released Enel X, the Enel Group’s advanced energy services business line, and Related Cos. have launched he largest battery storage system in New York City.
Transactions | Dec 9, 2019 Brennan Investment Group acquires 164-plus acres for 1.5msf industrial development by Released Brennan Investment Group has purchased 164.85 acres in Lakeland, Fla., for an undisclosed price.
People | Dec 9, 2019 KKR announces new members and managing directors by Released KKR has promoted a group of 13 members and 26 managing directors, effective from Jan. 1, 2020.
Transactions | Dec 9, 2019 U.K. student housing group on the market with $5b sales price by Andrea Zander
Transactions | Dec 9, 2019 Mirae Asset Global Investments sells Cologne building for €500m by Andrea Zander DIC Asset AG has acquired the “Stadthaus” building in Cologne for approximately €500 million ($553 million).
Transactions | Dec 9, 2019 Shun Tak Holdings buys 50% stake in Shanghai project by Andrea Zander Shun Tak Holdings has taken a half stake in a prime piece of real estate in downtown Shanghai for about CNY4.7 billion ($667.4 million).
People | Dec 9, 2019 ANREV CEO steps down by Released The management board of the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV) announced in Hong Kong that chief executive Alan Dalgleish would be stepping down to pursue other opportunities.
Investors | Dec 9, 2019 CIP Real Estate secures commitment of up to $300m from Almanac Realty Investors by Released CIP Real Estate has entered into an agreement with a fund managed by Almanac Realty Investors.
Investors | Dec 9, 2019 Spokane Employees’ commits $7m to Morrison Street Fund VI by Kali Persall The $307 million Spokane (Wash.) Employees’ Retirement System has made a $7 million follow-on commitment to a fund managed by Morrison Street Capital.
Investors | Dec 9, 2019 Minnesota SBI approves $100m commitment to Rockwood Capital Fund XI by Kali Persall The Minnesota State Board of Investments (SBI) has greenlighted a $100 million investment in a fund managed by Rockwood Capital.
Transactions | Dec 9, 2019 Kennedy Wilson completes $178m of U.K. assets sales by Released Kennedy Wilson has completed the sale of two wholly owned U.K. properties, including the Fairmont St. Andrews resort in Scotland and Leavesden Park, an office asset near Watford, England.
Transactions | Dec 9, 2019 Hammerson secures planning for residential development in Dublin by Released Hammerson, on behalf of the Dundrum Partnership, has received planning approval for 107 new apartments at Dundrum Town Centre in South County Dublin.
Transactions | Dec 9, 2019 Barings sells Nexus Place in London for €201m by Released Barings, one of the world’s largest diversified real estate investment managers, has announced that it has sold Nexus Place, on behalf of institutional investors, to Brookfield for £169.4 million (€201 million/$223 million).
Investors | Dec 9, 2019 Boris Johnson’s Brexit plans mean short-term gain, long-term pain for the pound by Andrea Zander The British pound and U.K. financial assets will surge on a victory by Prime Minister Boris Johnson, but the relief for the Brexit-ravaged U.K. currency will be short-lived, warns the CEO of one of the world’s largest independent financial advisory organizations.
Research | Dec 9, 2019 Understanding the impact and opportunity of emerging proptech trends by Denise DeChaine The future is always uncertain, and with the rapid changes in technology, the future is becoming even more uncertain. When it comes to emerging real estate technology — or proptech — technological advancements are key to how the market will progress and develop.
Investors | Dec 6, 2019 Westcore Properties unlocks $1.25b in buying power with new commitments by Kali Persall San Diego–based real estate company Westcore Properties has received $550 million in commitments from two entities.
Research | Dec 6, 2019 Two-thirds of major world cities set for weaker growth as global slowdown bites by Andrea Zander Of the world’s 900 major cities, 586 will experience slower annual growth in 2020–2021 than in the previous five years.
Fundraising | Dec 6, 2019 Venture One Real Estate and Kovitz Investment close fifth industrial fund by Kali Persall Chicago-based Venture One Real Estate and its local co-sponsor Kovitz Investment have closed fundraising for their fifth industrial fund, VK Industrial V.
Transactions | Dec 6, 2019 Allianz acquires French logistics portfolio by Andrea Zander Allianz Real Estate, acting on behalf of several Allianz group companies, has expanded its logistics footprint in France.
Transactions | Dec 6, 2019 Scentre Group pays $386m for 50% of Australian mall by Andrea Zander Property manager Scentre Group has purchased a 50 percent stake in shopping center Garden City Booragoon in Australia for A$570 million ($386.80 million).
