Investors | Apr 17, 2019 Survey of real estate investors finds near-consensus view on importance of ESG by Loretta Clodfelter Bentall Kennedy, Real Property Association of Canada (REALPAC) and the United Nations Environment Program Finance Initiative (UNEP FI) released on March 29 an ESG-focused survey of global real estate investors, which has affirmed a near-consensus view of the importance of weighing ESG criteria as a factor in real estate investment decision making. The survey included investment managers representing more than $1 trillion in assets under management from North America, Europe and Asia Pacific.
Research | Apr 17, 2019 Construction industry trends — increased costs and greater use of technology by Loretta Clodfelter Commercial real estate has seen a pullback in construction activity, with space under construction falling in recent years across asset types, according to the Real Estate and Construction Compass report from BDO, which analyzed a decade of real estate data from CoStar in the multifamily, retail and industrial sectors.
Research | Apr 16, 2019 India’s housing affordability reaches new heights by Jennifer Molloy Between 2014 and 2018, housing affordability improved in seven key Indian cities, according to the new JLL Home Purchase Affordability Index, which takes into account household income, property price and home loan rates to determine affordability for homebuyers in the cities of Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata and Mumbai.
Research | Apr 16, 2019 New opportunity zones provides upward momentum for Houston by Released The creation of the new federal opportunity zone program is enhancing investor interest and placing upward pressure on property valuations in downtown Houston, according to the Deal Sikes property valuation firm.
Fundraising | Apr 16, 2019 Northstar and Integrity Trust launch $125m investment fund by Jody Barhanovich Northstar Commercial Partners has launched the $125 million Northstar Integrity Growth Fund in partnership with Integrity Trust of Colorado Springs, Colo.
Transactions | Apr 16, 2019 Columbia Property Trust sells Atlanta office campus for $227m by Released Columbia Property Trust has completed the sale of a fully leased office campus located in Atlanta’s Central Perimeter submarket, for $227.5 million.
Fundraising | Apr 16, 2019 True North Management opens $650m real estate debt fund by Jody Barhanovich True North Management Group, a private real estate investment management firm based in New York City, has opened its next real estate fund.
Investors | Apr 16, 2019 Legal & General invests £45m in housing for homeless families in the U.K. by Released Legal & General has partnered with the Croydon Council to provide 167 homes for families on the housing waiting list.
Research | Apr 16, 2019 Polarization widens in European shopping center market by Andrea Zander As shopping center markets reach maturity in most European countries, there will be growing polarization between successful prime schemes and struggling secondary sites, which are having to diversify to survive, according to new research from Cushman & Wakefield.
Transactions | Apr 16, 2019 ESR and UOB enter into ¥20b loan facility agreement to acquire prime Tokyo Bay Land by Released UOB Tokyo Branch and ESR Sachiura TMKs have signed a non-recourse ¥20 billion ($179 million) financing facility agreement for ESR’s land acquisition in Yokohama, Japan.
Investors | Apr 16, 2019 Texas County commits $25m to KSL fund by Jody Barhanovich The $30 billion Texas County & District Retirement System has committed $25 million to a fund, managed by KSL Capital Partners.
Transactions | Apr 16, 2019 Mandarin Oriental in talks to enter India’s luxury hotel sector by Andrea Zander London Stock Exchange–listed Mandarin Oriental Hotel Group has plans to enter India’s growing luxury hospitality market with plans to set up its first luxury boutique hotel within the next year, reported Live Mint.
People | Apr 15, 2019 Australia’s Arrow Capital Partners appoints head of Germany by Released Arrow Capital Partners, an investor and operator of real estate in Europe and Asia-Pacific, has appointed Danilo Hunker as head of Germany.
Fundraising | Apr 15, 2019 Madison Realty Capital holds $1.136b final close for debt fund by Jody Barhanovich Madison Realty Capital, a private equity firm focused on real estate debt and equity investment strategies, has held the final closing.
Investors | Apr 15, 2019 BVK invests in €500m hotel fund by Jody Barhanovich Universal-Investment has launched a new hotel €500 million ($565 million) fund through a mandate with the €77 billion ($87 billion) Bayerische Versorgungskammer.
Research | Apr 15, 2019 Boutique and lifestyle hotels booming, investors set their sights on suburban locations by Andrea Zander The European tourist industry is booming. In 2018, Catella Research counted more than 3.1 billion overnight stays in Europe, an increase of 2.2 percent compared with the previous year.
Investors | Apr 15, 2019 Astarte Capital Partners launches £400m London real estate fund by Jody Barhanovich Astarte Capital Partners has established a £400 million ($524 million) investment platform.
Transactions | Apr 15, 2019 Singapore-based UOL pays $499m for Marina Bay project by Andrea Zander Listed developer UOL and its subsidiary, United Industrial Corp. (UIC), have agreed to pay S$675.3 million ($499.26 million) to take 100 percent ownership of the Marina Square shopping center and the Marina Mandarin hotel in Singapore.
Transactions | Apr 15, 2019 Allianz Real Estate to open regional Nordic office by Andrea Zander Allianz Real Estate has plans to open a new office in Stockholm in August as it looks to strengthen its presence across the Nordics and build on its portfolio of assets in the North and Central Region.
Transactions | Apr 15, 2019 Green REIT puts itself up for sale by Andrea Zander Ireland-based Green REIT, which has property assets of €1.5 billion ($1.7 billion), is putting itself up for sale in a bid to “maximize value for shareholders.”
