Transactions | Sep 28, 2018 Recent commercial real estate transactions by Alicia Block Transactions reported this week included the New York Marriott Marquis.
Research | Sep 28, 2018 I n d i a n r e a l t y t o b e c o m e t r i l l i o n d o l l a r i n d u s t r y b y 2 0 3 0 by Andrea Zander The Indian real estate sector is estimated to grow to $650 billion by 2025 and surpass $850 billion by 2028 to touch $1 trillion by 2030, according to a survey conducted by KPMG in association with NAREDCO and APREA.
Transactions | Sep 28, 2018 Hong Kong developer to build £1b London sky scraper scheme by Andrea Zander Hong Kong developer Sun Hung Kai Properties and its partner Irish developer Ballymore have made a £1 billion ($1.3 billion) investment to build a skyscraper scheme in the Isle of Dogs, E14, south of London’s Canary Wharf financial district.
Transactions | Sep 28, 2018 P A G m a k e s u n s o l i c i t e d t a k e o v e r b i d f o r S p r i n g R E I T by Andrea Zander Hong Kong–based private equity group PAG said on Wednesday a unit of the firm had launched a HK$5.24 billion ($671 million) unsolicited takeover bid for Spring Real Estate Investment Trust (REIT).
People | Sep 28, 2018 Gwendal Kalkofen promoted to head of real estate finance, Europe by Released Real estate investor and manager Cromwell Property Group has promoted Gwendal Kalkofen to the role of head of real estate finance, Europe.
Transactions | Sep 28, 2018 NBREM pays £321.3m for Amazon London office by Andrea Zander Norges Bank Real Estate Management (NBREM) has bought a Central London office property, occupied by Amazon, for £321.3m ($419 million).
Fundraising | Sep 28, 2018 BrickVest launches BrickVest Select by Released BrickVest, a London-based online real estate investment platform, has launched BrickVest Select, a new service that provides ultra-high-net-worth investors, family offices and institutional investors exclusive access to real estate club deals of between £5 million and £300 million ($7 million and $390 million), alongside leading real estate investment managers.
People | Sep 28, 2018 Rudin Management Co. promotes Neil Gupta to CIO by Jody Barhanovich Rudin Management Company, a New York City private owner, operator and developer of first-class real estate, has promoted Neil Gupta to CIO.
Investors | Sep 28, 2018 N Z S u p e r F u n d u p b y $ 4 b t o f i n i s h t h e f i n a n c i a l y e a r a t $ 3 9 b by Andrea Zander The NZ Super Fund finished the 2017–2018 financial year at $39 billion, up $4 billion during a year that was notable for the resumption of contributions to the Fund in December 2017, after an eight-year suspension.
Transactions | Sep 27, 2018 TERRAGON, SAX form JV for investments in serviced housing by Jody Barhanovich TERRAGON AG will partner with SAX Gruppe at the end of September to launch a joint venture that will invest between €500 million ($583 million) and €600 million ($700 million) in premium segment, serviced accommodation for senior citizens over the next three to five years.
Investors | Sep 27, 2018 Developer completes tallest office building in Bucharest by Larry Gray Belgium-based developer Weerts Group has completed its 19-story, 18,000-square meter (59,055 square feet) office tower in downtown Bucharest.
Transactions | Sep 27, 2018 Union Investment acquires office property in Granite Park campus in Dallas for €140m by Jody Barhanovich Union Investment has acquired the Granite Park VII office property in Dallas.
Research | Sep 27, 2018 Commercial property prices rise 1% in August by Loretta Clodfelter Commercial real estate values rose in August, driven higher by multifamily property sales growth and rising prices in secondary and tertiary markets.
Investors | Sep 27, 2018 Oklahoma Teachers’ commits $135m to three noncore real estate funds by Jody Barhanovich The $16.9 billion Oklahoma Teachers’ Retirement System has committed $135 million to three noncore real estate funds.
Research | Sep 27, 2018 Strong economic growth supports rise in rates by Loretta Clodfelter A strengthening labor market and rising economic activity supported the move by the Federal Open Market Committee to increase the target range for the federal funds rate to 2.00–2.25 percent at its meeting Sept. 25–26.
Fundraising | Sep 27, 2018 Asana Partners launches second real estate fund by Jody Barhanovich Asana Partners, a real estate investment company based in Charlotte, N.C., has launched its second fund, Asana Partners Fund II.
Fundraising | Sep 27, 2018 Argosy holds $48m first close for income & growth fund by Jody Barhanovich Argosy Real Estate Partners has held a first closing for Argosy Real Estate Income & Growth I (ARIG I) at $47.5 million.
Research | Sep 26, 2018 Fed increases rates by 0.25% by Loretta Clodfelter The Federal Open Market Committee increased the target range for the federal funds rate to 2.00–2.25 percent at its meeting Sept. 25–26.
Fundraising | Sep 26, 2018 Warburg-HIH launches new German-focused real estate special AIF by Release Warburg-HIH Invest has launched a new real estate special AIF of unlimited term that is supposed to invest exclusively in office property in the German metropolises of Berlin, Munich, Frankfurt, Hamburg, Düsseldorf, Cologne and Stuttgart.
Transactions | Sep 26, 2018 Tritax EuroBox acquires Barcelona distribution center for €150m by Jody Barhanovich Tritax EuroBox has made its first investment with the acquisition of a global distribution center at Lliçà d’Amunt, Barcelona let to Punto Fa S.L., trading as MANGO (Mango), a fashion retailers, for €150 million ($176 million).
