Investors | Oct 10, 2018 Fresno County Employees’ announces $45m impact investing initiative with RBC GAM by Jody Barhanovich The Fresno County (Calif.) Employees’ Retirement Association (FCERA) has announced a partnership with RBC Global Asset Management (RBC GAM).
Transactions | Oct 10, 2018 Argosy Real Estate Partners acquires Las Vegas multifamily development site by Released Argosy Real Estate Partners IV and its parallel funds, in partnership with Fore Property Co., has acquired a 287-unit class A multifamily project in Las Vegas.
Transactions | Oct 9, 2018 AEW acquires fourth Italian market by Released AEW has acquired a high street asset located on a key shopping street in central Rome on behalf of the Europe City Retail Fund.
Transactions | Oct 9, 2018 Warburg-HIH Invest acquires two office properties in Frankfurt’s European Quarter by Released Warburg-HIH Invest Real Estate has acquired two office buildings situated next to each other in Frankfurt’s European Quarter from property developer Aurelis Real Estate.
Investors | Oct 9, 2018 Former Spanish Axiare team seeks €300m for new firm Arima by Andrea Zander Former executives from Spanish REIT/SOCIMI Axiare, taken over this year by peer Colonial, are launching a new firm, aiming to raise €300 million ($345 million) to invest in the real estate market.
Investors | Oct 9, 2018 BVK to invest €1b in real estate developments in Austria by Andrea Zander Signa Financial Services AG will invest €1 billion ($1.2 billion) in Austrian real estate for Bayerische Versorgungskammer (BVK), the €72 billion ($83 billion) German pension fund manager, via a fund launched by Universal-Investment.
Transactions | Oct 9, 2018 Cain International sells stake in sbe Entertainment Group to AccorHotels by Andrea Zander Cain International has closed on the sale of its stake in sbe Entertainment Group to AccorHotels providing a successful exit to its investors.
Research | Oct 9, 2018 London pips New York to become most attractive city for hotel investment by Andrea Zander New research from Cushman & Wakefield reveals that investment in the hotel sector in London is in rude health, topping the table of leading cities for hotel investment worldwide thanks to several large deals helping to double transaction volumes, the continued confidence in London as an investment market and investment in American cities falling.
Transactions | Oct 9, 2018 AXA Investment Managers – Real Assets completes acquisition of Melbourne office building development by Released AXA Investment Managers – Real Assets has completed, on behalf of one of its clients, the purchase of 21 Harcourt Parade, a parcel of land with full development approval in the Cremorne precinct of Melbourne.
People | Oct 9, 2018 Redevco appoints new fund directors as third-party assets grow to €2.7b by Andrea Zander Pan-European retail real estate specialist Redevco has appointed Marrit Laning and Thierry Cahierre as fund directors for its investment management business.
Research | Oct 9, 2018 CMBS delinquency rate drops 23 bps in September by Jody Barhanovich The Trepp CMBS Delinquency Rate dropped markedly once again in September, according to Trepp. The rate has now fallen in six straight months and 14 of the last 15 periods.
Transactions | Oct 9, 2018 Korean investors buy former Lufthansa HQ in Cologne by Andrea Zander Hyundai Asset Management has acquired the former Lufthansa headquarters in Cologne-Deutz for a Korean investor club.
People | Oct 9, 2018 South Korean pension fund appoints CIO by Jody Barhanovich Ahn Hyo-jun has been appointed CIO of South Korea’s National Pension Service (NPS), according to news sources.
Transactions | Oct 8, 2018 Hudson Pacific Properties, Allianz JV acquires San Francisco ferry building for $291m by Jody Barhanovich Hudson Pacific Properties and Allianz Real Estate have formed a joint venture to acquire a leasehold interest in the land and improvements of San Francisco’s historic Ferry Building from Equity Office.
Fundraising | Oct 8, 2018 LRI and Wealthcore target Austrian residential with new fund by Andrea Zander LRI Group has partnered with Wealthcore Investment Management GmbH, a German-based investment company, to launch its real estate special fund Wealthcore Austria Living I in the form of a Reserved Alternative Investment Fund (RAIF).
Investors | Oct 8, 2018 Starwood Capital ups Australian Unity Office Fund takeover bid by Andrea Zander Funds managed by Starwood Capital Asia Ltd raised their buyout offer for Australian Unity Office Fund for a third time, making the deal potentially worth A$480.4 million ($338.9 million).
Research | Oct 8, 2018 CRE investors want to invest in tech-enabled firms in 2019 by Andrea Zander This year to help CRE companies understand and adapt to the rapidly changing CRE industry, Deloitte’s 2019 Commercial Real Estate Outlook surveyed 500 global CRE investors, across a diverse set of asset sizes and property types, on the factors that will drive their investment decisions in the year ahead.
Transactions | Oct 8, 2018 Hyatt to acquire Two Roads Hospitality for $480m by Andrea Zander Hyatt Hotels Corp. has acquired Two Roads Hospitality, an international lifestyle hotel management company, for $480 million.
Investors | Oct 8, 2018 New York State commits $350m to two real estate funds by Jody Barhanovich The $207.4 billion New York State Common Retirement Fund has committed a total of $350 million to two real estate funds, according to a monthly transaction report.
Investors | Oct 8, 2018 Nan Fung Group increases U.K. exposure with Endurance Land investment by Andrea Zander Hong Kong–based Nan Fung Group has taken a majority shareholding interest in Endurance Land, the Central London property developer and investor.
