Transactions | Apr 13, 2018 Majority stake in Virginia office complex sells for $244m by Andrea Zander The Meridian Group has sold a 95 percent majority interest in the three-building complex in Tysons, Va., to MetLife Investment Management.
Transactions | Apr 13, 2018 BT pension scheme sells £250m Hermes stake to U.S. fund by Andrea Zander BT Pension Scheme (BTPS) has sold a 60 percent stake in U.K. asset manager Hermes Fund Managers to U.S.-based Federated Investors.
Transactions | Apr 13, 2018 Klépierre walks away from £5b offer for Hammerson by Andrea Zander The French shopping center company Klépierre said it does not intend to make its £5.04 billion ($7.18 billion) formal offer for Hammerson.
Fundraising | Apr 13, 2018 CenterSquare holds $100m first close for value-added fund by Jody Barhanovich CenterSquare, a global investment manager focused on actively managed real estate and infrastructure strategies, has held a first close.
Transactions | Apr 12, 2018 Asia Radiant JV enters Singapore’s residential market by Andrea Zander Asia Radiant, an entity jointly held by MCL Land and Yanlord Land Group, has acquired the freehold residential property Tulip Garden for $692 million.
Research | Apr 12, 2018 Apartments become one of the most in-demand property types by Jody Barhanovich With homeownership rates sagging over the past 11 years thanks to shifts in demographic trends, apartments have become one of the most in-demand property types, reports Trepp.
Investors | Apr 12, 2018 San Francisco commits €50m to real estate by Jody Barhanovich The $24 billion San Francisco City & County Employees’ Retirement System has committed €50 million ($61.5 million) to a value venture real estate fund.
Transactions | Apr 12, 2018 Retail: Trump meeting with CEOs, more bankruptcies, auctions by Andrea Zander The National Retail Federation's CEO Matthew Shay and several retail CEOs on the NRF Executive Committee, including Christopher Baldwin, BJ's Wholesale Club CEO and chairman of the NRF Board of Directors, met with President Trump and other senior administration officials at the White House Wednesday to discuss issues facing the retail industry.
Fundraising | Apr 12, 2018 Children’s Investment Fund raises $1.3b for new debt fund by Jody Barhanovich The Children’s Investment Fund Management, a U.K.-based investment manager, has raised $1.338 billion for its new fund, TCI Real Estate Partners Fund III.
Research | Apr 12, 2018 Office fringe markets in Sydney and Melbourne outperform CBDs by Andrea Zander Office fringe markets in Melbourne and Sydney recorded stronger rental and capital value growth than their respective CBD markets in the 12 months to March 2018, according to Savills Australia’s latest research.
Research | Apr 12, 2018 Capital raised for real estate investment increases by 25% by Andrea Zander Approximately $160.2 billion in new capital was raised globally by real estate investment managers in 2017, a 25 percent increase on 2016, according to the 2018 Capital Raising Survey, published by ANREV, INREV and NCREIF.
Investors | Apr 12, 2018 GNL looks to re-start acquisitions in Europe by Marek Handzel Global Net Lease (GNL), the U.S. REIT, is set to re-start an acquisition program in Europe.
People | Apr 11, 2018 Michael Seton assumes role of CEO at CVREIT and CVREIT II by Jody Barhanovich Carter Validus Mission Critical REIT, Inc. (CVREIT) and Carter Validus Mission Critical REIT II, Inc. (CVREIT II) have each announced that Michael Seton has assumed the title and role of chief executive officer.
Transactions | Apr 11, 2018 SL Green venture selling Manhattan office space for $633m by Andrea Zander SL Green Realty Corp. and its joint venture partner, Ivanhoe Cambridge, have entered into a contract to sell the leasehold office condominium at 1745 Broadway in Manhattan for a price of $633 million.
Fundraising | Apr 11, 2018 Second Estates launches U.K. holiday property fund by Andrea Zander Second Estates has launched a new fund giving investors exposure to the U.K. holiday lettings market.
Transactions | Apr 11, 2018 Invesco buys half-stake in Australian mall by Andrea Zander Invesco Real Estate has purchased a 50 percent stake in the Grand Plaza shopping center in Brisbane, Australia.
Investors | Apr 11, 2018 SJCERA rehires real estate consultant by Jody Barhanovich The $2.7 billion San Joaquin County (Calif.) Employees’ Retirement Association has rehired its real estate consultant.
Transactions | Apr 11, 2018 CBRE Global Investors Fund acquires state-of-the-art data center portfolio in Northern Virginia by Andrea Zander A fund advised by CBRE Global Investors has acquired a three-building state-of-the-art data center portfolio located in Northern Virginia.
Investors | Apr 11, 2018 CPPIB invests additional capital in Indian retail venture by Andrea Zander Canada Pension Plan Investment Board (CPPIB) has invested an additional a strategic investment platform in India that it co-owns with The Phoenix Mills.
Research | Apr 11, 2018 JLL: The rise of alternative real estate in Asia Pacific by Andrea Zander Investment in the alternatives sectors in Asia Pacific provides more direct access to the compelling demographics and demand drivers associated with the Asian population, while enhancing returns and diversification for investors, according to JLL’s The Rise of Alternative Real Estate in Asia Pacific report.
