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.”
Transactions | Apr 15, 2019 South Korean investor acquires German logistics facility by Released Avignon Capital and Pierce Capital Investments have completed the acquisition of a 90,000-square-meter (967,000-square-foot) Volkswagen logistics and warehouse unit in Munich from a private vendor.
Transactions | Apr 15, 2019 U.K. office space provider IWG Plc sells Japanese operations by Andrea Zander U.K. office space provider IWG Plc, formerly known as Regus, is to sell its Japanese operations to TKP Corp. for £320 million ($418.8 million).
People | Apr 15, 2019 CBRE appoints new CFO by Released Leah Stearns has been appointed CFO CBRE Group.
Transactions | Apr 12, 2019 CVMC REIT I to merge with Carter Validus Mission Critical REIT II by Released Carter Validus Mission Critical REIT (CVMC REIT I) and Carter Validus Mission Critical REIT II (CVMC REIT II) have entered into a definitive agreement to merge.
Transactions | Apr 12, 2019 Icade Santé pays €191m for 12 healthcare assets in France by Andrea Zander Icade Santé, the healthcare unit of the French REIT/SIIC Icade group, has paid €191 million ($216 million) for 12 medium- and long-term care assets in France.
Investors | Apr 12, 2019 Arkansas Teacher commits $130m to three real estate funds by Jody Barhanovich The $17.3 billion Arkansas Teacher Retirement System has committed a total of $130 million to three real estate funds.
Research | Apr 12, 2019 Senior housing occupancy rate remains stable at 88% by Jody Barhanovich The occupancy rate for senior housing across the United States remained virtually unchanged at 88.1 percent in the first quarter of 2019.
Transactions | Apr 12, 2019 Data center start-up backed by Goldman Sachs and TPG raises S$450m by Andrea Zander AirTrunk, a data center start-up backed by Goldman Sachs and TPG Sixth Street Partners, has raised S$450 million ($333 million) in equity and debt to build its first hyper-scale data center in Singapore.
Transactions | Apr 12, 2019 CapitaLand unit Ascott adds 14 new global properties by Andrea Zander Ascott, CapitaLand’s wholly owned lodging arm, has added 14 properties comprising more than 2,000 units across eight countries.
Research | Apr 12, 2019 Global survey affirms the importance of ESG factors in investment decision-making by Jody Barhanovich An ESG-focused survey of global real estate investors has affirmed a near consensus view of the importance of weighing ESG criteria as a factor in real estate investment decision making. The survey by Bentall Kennedy, Real Property Association of Canada (REALPAC) and the United Nations Environment Program Finance Initiative (UNEP FI), included investment managers representing more than $1 trillion in assets under management from North America, Europe and Asia Pacific.
Investors | Apr 12, 2019 Commerz Real fund enters residential market by Andrea Zander The Commerz Real open-end real estate fund Hausinvest has plans to move into residential investment.
Investors | Apr 12, 2019 PATRIZIA wins €180m fund management mandate in Italy by Andrea Zander PATRIZIA Immobilien AG has secured a fund management mandate in Italy from Fondazione Cariverona.
People | Apr 12, 2019 JLL selects new global CEO for corporate solutions by Released Neil Murray has been promoted to global CEO, corporate solutions, at JLL and will succeed John Forrest, who is leaving JLL to return to Australia.
Research | Apr 12, 2019 Asking office rents in San Francisco reach new highs, again! by Andrea Zander Asking rents at office properties in San Francisco reached another new high, according to Cushman & Wakefield’s first quarter San Francisco office report.
Transactions | Apr 12, 2019 Recent commercial real estate transactions by Alicia Block Transactions reported this week include an office portfolio and an office in Philadelphia.
