Transactions | Oct 3, 2018 Gaw Capital Partners buys multi-let office estate in London by Released Clearbell Capital and Gaw Capital Partners have announced the transaction of 4 and 5 Harbour Exchange in London.
Fundraising | Oct 3, 2018 Palatine Capital Partners raises $313m for new fund by Andrea Zander Palatine Capital Partners, a principal investment firm based in New York City that focuses on small and mid-cap real estate assets, has raised $313.3 million for its latest fund.
Investors | Oct 3, 2018 SWIB invests $520m in real estate by Andrea Zander The $117 billion State of Wisconsin Investment Board (SWIB) has made several real estate investments.
People | Oct 3, 2018 Cortland hires Bruce Cohen as senior managing partner by Released Bruce Cohen was named senior managing partner of investments and strategic initiatives at Atlanta-based multifamily company Cortland Partners.
Investors | Oct 3, 2018 Recent commercial real estate commitment round-up by Loretta Clodfelter IREI’s FundTracker database captured 27 real estate commitments in the past month.
Transactions | Oct 2, 2018 Keppel Land in JV to develop its first commercial property in India by Andrea Zander A subsidiary of Keppel Land, Keppel Puravankara Development (KPDL), has entered into agreements to acquire a prime 3.09-hectare site in Yeshwantpur, Bangalore, India.
Fundraising | Oct 2, 2018 Blackstone Group to launch second alternative fund by Andrea Zander Blackstone Group has plans to launch a second second fund dedicated to buying stakes in alternative-asset managers, according to Bloomberg, citing people familiar with the matter.
Transactions | Oct 2, 2018 Oxford Properties to spend $2b in Hudson Square office project by Andrea Zander Oxford Properties Group has plans to spend $2 billion to transform an old freight terminal on Manhattan’s West Side into a 12-story office building.
People | Oct 2, 2018 David Villa named new head of Wisconsin Investment Board by Andrea Zander The State of Wisconsin Investment Board has appointed David Villa as executive director.
Transactions | Oct 2, 2018 BNY Mellon pays $352m for land beneath Manhattan office building by Andrea Zander Bank of New York Mellon has paid $352 million for the land beneath the office building at 101 Barclay St. in Manhattan.
Transactions | Oct 2, 2018 Invesco Real Estate acquires first residential asset in Germany by Released Invesco Real Estate has acquired Mainwald, a 22,600-square-meter (243,264-square-foot) residential complex in Germany from LBBW Immobilien Development GmbH, the vendor and project developer.
Fundraising | Oct 2, 2018 Praxis launches new £250m value-added fund, holds first close by Jody Barhanovich U.K. regional property investor Praxis has successfully launched its new value-add fund having had a first closing in August.
People | Oct 2, 2018 Alaska Permanent Fund promotes Marcus Frampton to CIO by Jody Barhanovich The Alaska Permanent Fund Corporation has promoted Marcus Frampton, CFA, CAIA to serve as the new CIO.
Investors | Oct 2, 2018 Arizona PSPRS generates $660m, reports 7.8% gross return for FY2018 by Jody Barhanovich The Arizona’s Public Safety Personnel Retirement System has netted investment returns of nearly $660 million over the past fiscal year, with the help of strong performance by the trust’s public and private equity assets.
Investors | Oct 2, 2018 French REITs to merge in €1.7b deal by Andrea Zander The boards of directors of the Société de la Tour Eiffel (ETS) and Affine RE (Affine) have approved the plan for a merger.
Investors | Oct 2, 2018 Maryland State commits $100m to residential property fund by Jody Barhanovich The $51.9 billion Maryland State Retirement and Pension System has committed $100 million to a fund managed by Waterton.
Transactions | Oct 2, 2018 Fundamental Advisors and Senior Care Development form $1b skilled nursing JV by Andrea Zander Fundamental Advisors, an alternative asset manager, has formed a joint venture with Senior Care Development, a specialized developer of the full continuum of senior living communities, with the intention of acquiring up to $1 billion in skilled nursing assets.
Transactions | Oct 2, 2018 French retailer Casino Group to sell retail sites for €565m by Andrea Zander French supermarket group Casino has agreed to sell some properties of its Monoprix chain for €565 million ($655 million) to reduce debts.
Transactions | Oct 2, 2018 PAG Real Estate will terminate Spring REIT bid if Guangdong Shopping Center acquisition proceeds by Andrea Zander RE Strategic Investments Pte. Ltd., an entity associated with PAG Real Estate, has formally opened its voluntary conditional cash offer of HK$4.85 ($0.62) for each unit of Spring REIT for unitholder acceptances.
