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Transactions | Jul 1, 2019
Hearthstone Investment Management, an institutional investment manager specializing in residential property in the United Kingdom, has announced the acquisition of more than 100 new homes in three separate deals with a combined value of £31 million ($39 million), on behalf of its Hearthstone Residential Fund 1 (HRF1).
Transactions | Jul 1, 2019
Harvest Properties and joint-venture partner New York Life Real Estate Investors on behalf of McMorgan Northern California Value Add Development Fund I have sold the One Bay Plaza, located in Burlingame, Calif., to local developer/operator Woodstock Development for an undisclosed amount.
People | Jul 1, 2019
Owen Thomas, CEO of Boston Properties, has been appointed as the new global chairman of the Urban Land Institute (ULI), a global, multidisciplinary real estate organization dedicated to leadership in responsible land use and creating thriving, sustainable communities worldwide.
Transactions | Jul 1, 2019
A consortium of long-term investors comprising KIRKBI Invest A/S (KIRKBI), a wholly-owned subsidiary of KIRKBI A/S, the ultimate owner of the LEGO® brand, and owned by the Kirk Kristiansen family; funds managed as part of Blackstone’s core private equity strategy; and Canada Pension Plan Investment Board (CPPIB) have agreed to the terms of a recommended offer for Legoland operator Merlin Entertainments plc.
Investors | Jul 1, 2019
GIC, Singapore’s sovereign wealth fund, and Equinix, a global interconnection and data center company, have agreed to enter into an 80-20 joint venture to acquire and develop six hyperscale data centers in Europe for more than $1 billion.