Investors | May 2, 2018 Fubon Life Insurance subscribes $50m to TPG Capital fund by Andrea Zander Taiwan-based Fubon Life Insurance Co., a subsidiary of Fubon Financial Holding Co., has subscribed a stake in TPG Real Estate Partners III for $50 million, according to Reuters.
Fundraising | May 2, 2018 Equus Capital holds $160m first close for real estate fund by Jody Barhanovich Equus Capital Partners has held a $160 million first close for its 11th fund.
Investors | May 2, 2018 Pennsylvania SERS hires LaSalle as a real estate asset manager by Jody Barhanovich The Pennsylvania State Employees’ Retirement System’s board moved to hire LaSalle Investment Management to manage a real estate asset portfolio within the real estate asset class.
Investors | May 2, 2018 KWAP to invest in U.S. market by Andrea Zander Kumpulan Wang Persaraan (KWAP), the second-largest pension fund in Malaysia with RM125 billion ($31.72 billion) of assets under management, has plans to invest in the U.S. market.
Investors | May 2, 2018 Recent commercial real estate commitments by Loretta Clodfelter IREI’s FundTracker captured 19 real estate commitments in the past month. The largest commitment was an allocation of $300 million to KSL Capital Partners V by the Washington State Investment Board.
Fundraising | May 2, 2018 Octopus Property launches residential development-light product by Andrea Zander London-based specialist property lender Octopus Property, part of the Octopus Group, has launched a development-light product, to meet the increasing demand from SMEs and smaller developers requiring finance for residential schemes that sit outside the traditional refurbishment or development lending parameters.
Transactions | May 1, 2018 Boston Properties to build residential tower in Oakland by Andrea Zander Boston Properties, in partnership with McGrath Properties, will construct a 324,000-square-foot development project, The Skylyne at Temescal, which will be the tallest building in North Oakland.
Transactions | May 1, 2018 Balfour JV wins £370m Hong Kong residential scheme by Andrea Zander Balfour Beatty announced that a subsidiary of its 50-50 Far East joint venture, Gammon Construction, has been awarded a HK$4 billion ($509 million) construction contract for a large-scale residential development, “Lohas Park Package 9”, by Wheelock and Co.
Transactions | May 1, 2018 ATCO Properties forms $350m JV by Andrea Zander ATCO Properties & Management has formed a partnership with Shorenstein Properties.
Investors | May 1, 2018 OP&F real estate portfolio posts 10% return for 2017 by Jody Barhanovich The $15.54 Ohio Police & Fire Pension’s real estate asset class had a net return of 3.5 percent for the fourth quarter and a net 10.0 percent return for 2017, according to David Graham, communications director.
People | May 1, 2018 Savills U.K. appoints new CEO and managing director by Released Savills has appointed James Sparrow as its new U.K. chief executive and Richard Rees as U.K. managing director.
Fundraising | May 1, 2018 AEW holds $615m final close for opportunistic real estate fund by Jody Barhanovich AEW Capital Management has held a $614.85 million final close for its eighth fund.
Research | May 1, 2018 Quarterly NFI-ODCE total return higher in first quarter by Andrea Zander The quarterly NFI-ODCE total return gross of fees edged higher in the first quarter 2018, to 2.20 percent, from 2.07 percent in the fourth quarter 2017, and was well above the 1.77 percent return in the first quarter 2017, according to the National Council of Real Estate Investment Fiduciaries’ first quarter 2018 results.
Investors | May 1, 2018 Stenprop converts to U.K. REIT by Andrea Zander Stenprop Limited has converted to a U.K. REIT and appointed three new members to its board with effect from May 1, 2018.
Fundraising | May 1, 2018 M7 holds €30m first close for first dedicated French fund by Jody Barhanovich M7 Real Estate, the pan-European real estate investor and asset manager, has held a €30 million ($36 million) first close for its first dedicated French fund, M7 French Active Fund.
Investors | May 1, 2018 WSIB commits $300m to KSL Capital Partners’ fund by Jody Barhanovich The $128.8 billion Washington State Investment Board has committed $300 million to a fund managed by KSL Capital Partners.
Research | May 1, 2018 Curbing population growth by Jennifer Molloy The resident population in Tokyo’s three central wards of Minato, Chiyoda and Chuo is expected to increase 34 percent from 2015 to 2045 (from 443,000 people to 595,000) as wealthy families and older retirees return to the city center, stated the Tokyo Metropolitan Government.
Transactions | Apr 30, 2018 AccorHotels to acquire Movenpick Hotels & Resorts by Andrea Zander AccorHotels SA has signed an agreement to acquire Movenpick Hotels & Resorts from Movenpick Holding and Kingdom Holding for $566.5 million in cash.
Transactions | Apr 30, 2018 Marriott Vacations Worldwide to acquire ILG by Andrea Zander Marriott Vacations Worldwide Corp. (MVW) has agreed to buy ILG for $4.7 billion in a stock and cash deal, creating the largest luxury brand for timeshare vacation resorts.
Transactions | Apr 30, 2018 Forest City joint venture acquires interests in five assets at University Park at MIT by Andrea Zander Forest City Realty Trust has entered into a joint venture with Madison International Realty to purchase the interest of Forest City’s partner in five assets at University Park at MIT.
