Transactions | Apr 10, 2019 Korean asset management business buys Edinburgh office space for £55m by Released London-based Greenridge Investment Management sold the 148,796-square-foot Gyle Square office property in Edinburgh.
Investors | Apr 10, 2019 Texas Permanent commits $75m to GreenOak’s Asian debt fund by Jody Barhanovich The $41.4 billion Texas Permanent School Fund has committed $75 million to a fund managed by GreenOak Real Estate.
Research | Apr 10, 2019 Co-living is winning over tenants and landlords from traditional leasing model by Released The co-living market is taking off in Asia Pacific as more people migrate to cities for jobs or education opportunities.
Investors | Apr 10, 2019 CalSTRS commits $500m to Blackstone opportunities fund by Jody Barhanovich The $226.5 billion California State Teachers’ Retirement System has committed $500 million to a fund managed by The Blackstone Group.
Investors | Apr 10, 2019 Clarion Partners acquires stake in Gramercy Europe by Andrea Zander Clarion Partners has acquired a majority stake in Gramercy Europe. Gramercy Europe will become an operating business of Clarion and be rebranded as Clarion Gramercy, maintaining its offices in London, Berlin and Barcelona.
Research | Apr 10, 2019 Nuveen Real Estate releases Asia Pacific Q2 real estate outlook by Andrea Zander The Asia Pacific region ended 2018 on a relatively soft patch, and headwinds will likely continue to slow down economic momentum through the first six months of 2019. Risks are front, according to the Think Asia Pacific Cities second quarter report by Nuveen Real Estate.
Research | Apr 10, 2019 Institutional investors urged to act as climate change poses impact on returns by Andrea Zander Mercer, a global consulting leader in advancing health, wealth and career, reported its findings of the climate scenario with real estate in Investing in a Time of Climate Change – The Sequel (“the Sequel”).
Fundraising | Apr 9, 2019 M31 Capital launches opportunity zone fund to invest in San Francisco Bay Area by Released M31 Capital has launched its first Qualified Opportunity Zone fund.
Transactions | Apr 9, 2019 Paladin Realty launches mixed-use development in São Paulo by Released Paladin Realty Partners has launched its latest mixed-use development, “CORE”, located in São Paulo’s upscale Pinheiros neighborhood.
Transactions | Apr 9, 2019 VICI to acquire JACK Cincinnati Casino for $745m by Andrea Zander VICI Properties has acquired the JACK Cincinnati Casino for $745 million.
Transactions | Apr 9, 2019 Ascentris and Optima close-out Scottsdale, Ariz., condominiums by Released Ascentris, a Denver-based real estate private equity firm, has announced the closing of all the units in 7120 Optima Kierland (Optima Kierland II), a 12-story condominium tower in Scottsdale.
Investors | Apr 9, 2019 GSA and Harrison Street announce €750m JV in Spain by Released Global Student Accommodation Group (GSA) and Harrison Street Real Estate Capital have plans to acquire more than 10,000 student beds and deploy more than €750 million ($846 million) in top-tier university cities across Spain.
Transactions | Apr 9, 2019 Alpha Real Capital completes ground rent transaction on £1b hotel portfolio by Released Alpha Real Capital, a specialist manager of long-income real assets, has completed a ground-rent transaction over a circa £1 billion ($1.3 billion) portfolio of three central London hotels on behalf of its Index Linked Income Fund (ILIF).
Transactions | Apr 9, 2019 WashREIT to expand multifamily portfolio with $461m purchase by Andrea Zander Washington REIT has acquired a multifamily portfolio of 2,113 units located in the Washington metro region, for nearly $461 million.
Fundraising | Apr 9, 2019 Canyon Partners launches next multifamily impact fund by Released Canyon Partners Real Estate, a real estate direct investing arm of Canyon Partners, a global alternative asset manager, has launched its next multifamily impact fund.
Transactions | Apr 9, 2019 OUE Group’s REITs merge to create $5b entity by Andrea Zander Two of Singapore’s REIT have proposed a merger that would create one of the largest diversified REITs in the city-state, with total assets of approximately S$6.8 billion ($5 billion).
Transactions | Apr 9, 2019 Värde Partners to manage €800m Sareb residential development portfolio by Andrea Zander Värde Partners to manage a portfolio of more than €800 million ($902 million) residential development assets in Spain.
People | Apr 9, 2019 Sean Choi named head of capital markets, CBRE Korea by Released CBRE, a global commercial real estate service company, has appointed Sean Choi as executive director, head of capital markets, Korea.
Transactions | Apr 9, 2019 Principal Real Estate Spezialfondsgesellschaft mbH acquires private clinic by Released Principal Real Estate Spezialfondsgesellschaft mbH has acquired the Privatklinik Friedenweiler, a private clinic located in the Upper Black Forest in south-west Germany, for the Principal Care Invest II fund.
Investors | Apr 9, 2019 Partners Group opens Toronto office by Released Partners Group, the global private markets investment manager, has expanded its North American presence with the opening of an office in Toronto.
