Fundraising | Sep 25, 2018 Union Investment holds €150m first close by Andrea Zander The ZBI Union Wohnen Plus open special AIF launched by ZBI and Union Investment on April 3, 2018, raised more than €150 million ($177 million) in its first closing.
Investors | Sep 25, 2018 New Mexico State to invest in two real estate funds by Jody Barhanovich The $23.7 billion New Mexico State Investment Council plans to invest equity into two real estate funds, according to board meeting documents.
Transactions | Sep 25, 2018 China Evergrande to pay $2.1b for minority stake in Guanghui Group by Andrea Zander Property developer China Evergrande Group has paid $2.1 billion for a minority stake.
Research | Sep 25, 2018 European retail investment remains stable in H1 2018 by Andrea Zander Retail investment in Europe, totaling €58 billion ($68 billion), the second-largest sector after offices, remained stable over the past 12 months, according to BNP Paribas.
Investors | Sep 25, 2018 TH Real Estate to become Nuveen Real Estate in 2019 by Andrea Zander TH Real Estate will be renamed and rebranded as Nuveen Real Estate.
Transactions | Sep 25, 2018 AXA Investment Managers – Real Assets completes iconic hotel redevelopment in Paris Gare de Lyon by Released AXA Investment Managers – Real Assets has completed the redevelopment of Tour Paris-Lyon hotel, previously a high-rise office-led property on 209-211 rue de Bercy, Paris 12, delivering a contemporary hotel.
People | Sep 25, 2018 French REIT hires new CEO by Andrea Zander French REIT/SIIC Société de la Tour Eiffel has recruited Thomas Georgeon from construction group Bouygues to succeed Philippe Lemoine as its deputy CEO.
People | Sep 24, 2018 CalPERS names Ben Meng as new CIO by Released The $360 billion California Public Employees’ Retirement System has named Yu Ben Meng as the pension fund’s new CIO.
Investors | Sep 24, 2018 Sears CEO’s hedge fund proposes retailer to restructure debt, sell off assets by Andrea Zander Eddie Lampert, CEO of Sears Holdings, proposes to restructure the struggling retail chain’s debt to avoid bankruptcy.
Transactions | Sep 24, 2018 Tishman Speyer acquires prominent high-rise in Frankfurt for new investment manager by Andrea Zander Tishman Speyer has acquired the Bürohaus an der Alten Oper, a high-rise building in Frankfurt.
Investors | Sep 24, 2018 Inspired appoints Lacey Capital Partners to find BTR funding partner for U.K. projects by Andrea Zander Inspired Asset Management has appointed Lacey Capital Partners to source a build-to-rent (BTR) funding partner.
Investors | Sep 24, 2018 Blackstone plans 7% yield for India’s first REIT IPO by Andrea Zander Blackstone Group and its Indian partner, Embassy Group, have set a tentative yield for their initial public offering of the country’s first real estate investment trust, which could raise about 52.5 billion rupees ($723 million).
Research | Sep 24, 2018 Investor competition drives price growth for U.S. self-storage properties by Jody Barhanovich Investor interest in U.S. self-storage properties remains high as long-term renter demand improves, according to Marcus & Millichap’s Self-Storage Research report for the second half of 2018.
Investors | Sep 24, 2018 OPERF commits $150m to Harrison Street open-end real estate fund by Jody Barhanovich The $76.6 billion Oregon Public Employees Retirement Fund has committed $150 million to a fund managed by real estate private equity firm Harrison Street Real Estate Capital.
Investors | Sep 24, 2018 IndoSpace, GLP form JV to co-invest in infrastructure sector by Andrea Zander Private equity firm Everstone Group–backed industrial real estate company IndoSpace and modern logistics and technology-led solutions provider GLP have entered into a long-term strategic partnership.
Transactions | Sep 24, 2018 P3 buys land for new logistics park south of Stuttgart in Germany by Released P3 Logistic Parks has expanded its German portfolio with the acquisition of a 6.5-hectare site in Horb am Neckar — the largest available space in the greater Stuttgart area.
Fundraising | Sep 24, 2018 AEW holds €320m further close for residential-focused real estate fund by Jody Barhanovich AEW, a global real estate asset manager, has completed a further close for RESIDYS, a fund targeting residential real estate assets in France.
Investors | Sep 24, 2018 Greystar expands European platform by Released Greystar has launched its vertically integrated platform in France to acquire and develop purpose-built student accommodation and rental housing.
Transactions | Sep 24, 2018 U.S. property group buys European logistics portfolio by Andrea Zander GreenOak has purchased 22 logistics assets in France and Spain totaling 720,000 square meters (7.75 million square feet).
People | Sep 24, 2018 EJF Capital hires Asheel Shah as senior managing director and head of real estate by Released EJF Capital, a hedge fund and private equity fund manager, has appointed Asheel Shah as a senior managing director and head of real estate.
