Investors | Mar 30, 2020 Illinois SURS builds on partnership with Crow Holdings Capital by Kali Persall The State Universities Retirement System (SURS) of Illinois has approved a $50 million commitment to a value-add real estate fund managed by Crow Holdings Capital Partners.
Transactions | Mar 30, 2020 China Oceanwide Holdings sells S.F. mixed-use development for $1.2b by Andrea Zander Shenzhen-listed property developer China Oceanwide Holdings Ltd. has entered into a framework agreement with private equity firm Hony Capital to sell a mixed-use development project in San Francisco for approximately $1.2 billion.
Fundraising | Mar 30, 2020 Q&A: CBREGI head of strategy & research discusses how COVID-19 could impact APAC logistics market by Kali Persall Shane Taylor, head of strategy & research – Asia Pacific at CBRE Global Investors (CBREGI), discusses concerns and predictions for how the novel coronavirus will impact the firm’s APAC investment strategy, target markets and the logistics center as a whole. Earlier this month, CBREGI completed a final close for its Asia Value Partners V fund with $900 million in equity commitments.
Transactions | Mar 30, 2020 Invesco sells Frankfurt mixed-use asset for €200m by Andrea Zander Invesco Real has sold a prime mixed-use office and retail asset in Frankfurt to LUWIN Real Estate Managers, a partner-operated investment boutique specializing in property investment and asset management services, based in Frankfurt.
Transactions | Mar 30, 2020 CBRE Global Investors acquires office building in Amsterdam from Angelo Gordon JV by Released CBRE Global Investors has acquired Herenstaete, Amsterdam, from a joint venture between Angelo Gordon and APF International.
Research | Mar 30, 2020 Rising unemployment, stimulus bill have implications for apartment sector by Loretta Clodfelter Apartment investors are closely watching developments as the novel coronavirus pandemic creates economic disruption. The multifamily sector is likely to feel significant impacts, especially as job losses mount.
Hydropower: An asset class with untapped potential by Kali Persall In many respects, hydropower tends to live the shadow of its green-energy counterparts, solar and wind. If the headlines are to be believed, investors are snapping up the latter energy producers left and right, as ESG becomes a portfolio must-have. But why is hydropower getting left behind?
Transactions | Mar 30, 2020 Hillhouse Capital JV commences construction of its research hospital in Beijing by Released Hillhouse Capital, GoBroad Healthcare Group and the government of Changping District, have broken ground on its research hospital.
Investors | Mar 27, 2020 $2t economic stimulus package passes in House and Senate, advances to president by Kali Persall The U.S. House of Representatives has approved a historic $2 trillion economic stimulus package to help ease the nationwide financial burden caused by the novel coronavirus disease COVID-19.
People | Mar 27, 2020 CIO of Japan’s GPIF to step down at end of March by Kali Persall Hiromichi Mizuno, executive managing director and CIO at Japan’s Government Pension Investment Fund (GPIF), will step down from his role at the end of March.
Investors | Mar 27, 2020 ESR Cayman launches $602m Australian logistics platform by Kali Persall ESR Cayman has launched a new Australia-focused, core-plus logistics partnership, known as ESR Australia Logistics Partnership (EALP).
Investors | Mar 27, 2020 German government leaves commercial landlords at the mercy of an economic meltdown by Marek Handzel The German government has left commercial landlords at the mercy of a deep recession with its series of economic stabilization funds.
Research | Mar 27, 2020 Prologis Research shares insights from China operations by Andrea Zander In China, activity is picking up across the logistics business and amongst Prologis’ customers, and signs are emerging of an economic recovery as many return to work. In the United States, Prologis’ proprietary Industrial Business IndicatorTM (IBI), which tracks customer activity in the United States, indicates a slowdown, albeit not as deep as during the global financial crisis.
Investors | Mar 27, 2020 KPERS allocates $250m to CBRE and Waterton real estate funds by Kali Persall Kansas Public Employees Retirement System (KPERS) has approved $250 million in real estate commitments, parsed between two funds.
Investors | Mar 27, 2020 GPIF joins GRESB as an investor member by Released Japan’s Government Pension Investment Fund (GPIF) has become a GRESB Real Estate Investor Member.
Transactions | Mar 27, 2020 Gaw Capital Partners and Centrin Data’s data center recognized as ninth batch of new industrial demonstration bases by Chinese government by Released Gaw Capital Partners announced, as part of its joint venture with Centrin Data, the Internet Data Center (IDC) Industrial Base in the Huaqiao Economic Development Zone in Kunshan, Jiangsu, has been named as one of the five special industrial demonstration bases.
Transactions | Mar 27, 2020 Barberry Group sells U.K. site for housing development by Released Barberry Group has completed the sale of a 48-acre site in the United Kingdom to a joint venture between house builders Vistry Group and Bellway Homes.
Investors | Mar 26, 2020 Canada Life Assurance Co. suspends activity on real estate investment funds by Kali Persall Canada Life Assurance Company has temporarily paused contributions, transfers and redemptions for its Canadian real estate investment funds, citing the impact of COVID-19 on the global property market.
Other | Mar 26, 2020 Blackstone exploring acquisition of €960m London towers by Andrea Zander Blackstone Group is in discussions to purchase the Southbank Place development in London from Almacantar, reported media outlets.
Transactions | Mar 26, 2020 Brookfield in talks to pay €1.1b for London offices by Andrea Zander Brookfield is in talks to buy two offices of Plantation Place in the City of London for a combined £870 million (€958 million/$1billion), according to media outlets.
