Fundraising | Aug 15, 2018 Lever Energy Capital launches $500m C-PACE focused fund by Jody Barhanovich Denver-based Lever Energy Capital has launched one of the largest dedicated Commercial Property Assessed Clean Energy ventures.
Research | Aug 15, 2018 Investor confidence in proptech sector hits all-time high by Andrea Zander Investor interest in commercial real estate technology is growing from an increasingly diverse array of investors.
Fundraising | Aug 15, 2018 Varde Partners raises $100m for European real estate fund by Jody Barhanovich Varde Partners, a global alternative investment adviser, has raised $100.66 million for its closed-end real estate fund.
Research | Aug 15, 2018 South Korean investment in U.K. commercial property could surpass £4b in 2018 by Andrea Zander South Korean investment in the U.K. commercial property market hit £1.1 billion ($1.4 billion) in the first half of 2018, according to Cushman & Wakefield, which predicts could surpass £4 billion ($5 billion) by the year end. It more than doubles the £530 million ($672 million) invested in the whole of 2017.
Investors | Aug 15, 2018 Round Hill appoints MD for €1b commitment to Ireland by Andrea Zander British real estate company Round Hill Capital has plans to open an Irish office and make €1 billion available to invest in the rental and student accommodation market.
Research | Aug 15, 2018 U.K. industrial investment remains buoyant as retailers look to automation to help increase their consumer offering by Andrea Zander Investment demand for industrial properties remained buoyant in second quarter 2018, continuing to exert downward pressure on prime yields, particularly for those assets located in London and the South East, according to BNP Paribas Real Estate. According to the MSCI Monthly Index June 2018, net initial yields (NIY) for London and South East standard industrial moved in to 3.4 percent and 4.3 percent, respectively.
Investors | Aug 15, 2018 Cain injects £400m into Fortwell Capital by Released Cain International has partnered with Fortwell Capital.
Transactions | Aug 15, 2018 Gaw purchases Australian mixed-use development by Andrea Zander Gaw Capital Partners has purchased Bell City, a mixed-use development for A$157 million ($113 million) in Melbourne’s Preston precinct through its funds under management and its hospitality arm, GCP Hospitality.
Transactions | Aug 14, 2018 Midtown Manhattan tower on the market with $1.3b price by Andrea Zander The IBM Building in midtown Manhattan is up for sale with a $1.3 billion price tag, according to Bloomberg.
Transactions | Aug 14, 2018 HNA to sell Radisson hotel group to Jin Jiang consortium by Andrea Zander Hainan, China-based conglomerate HNA Group has agreed to sell its interest in the 1,400-venue hotel chain Radisson Hospitality.
Transactions | Aug 14, 2018 Columbia Property Trust to buy Manhattan office project by Andrea Zander Columbia Property Trust is in talks on a joint venture with Normandy Real Estate Partners to buy into an office project in Manhattan’s Greenwich Village.
Research | Aug 14, 2018 Vienna replaces Melbourne as the world’s most liveable city by Andrea Zander Vienna has displaced Melbourne as the world’s most liveable city, ending a record seven consecutive years at the head of the survey for the Australian city, according to the results of the Global Liveability Index 2018. The two cities are now separated by 0.7 of a percentage point, with Vienna scoring a near-ideal 99.1 out of 100 and Melbourne scoring 98.4.
Investors | Aug 14, 2018 City of Phoenix commits $50m to two real estate funds by Jody Barhanovich The City of Phoenix Employees’ Retirement System has committed a total of $50 million to two real estate funds.
Transactions | Aug 14, 2018 Dexus acquires three industrial sites for A$700m by Andrea Zander Dexus has acquired three industrial sites in Melbourne, Sydney and Brisbane with a combined end value of A$700 million ($508 million), replenishing the group’s industrial development pipeline in core locations.
Investors | Aug 14, 2018 Pennsylvania SERS decreases real estate allocation by Jody Barhanovich The $56 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has made a few adjustments to its current asset allocation.
Transactions | Aug 14, 2018 CapitaLand acquires two development sites for $297m by Andrea Zander CapitaLand has been awarded two prime residential sites in Guangzhou, South China, at a price of RMB2.05 billion ($297 million).
Transactions | Aug 14, 2018 Japan’s Daibiru enters Australian office market by Andrea Zander Japanese real estate firm Daibiru Corp. has acquired a development site for an 18-story office block in the Sydney CBD.
People | Aug 14, 2018 Kennedy Wilson appoints two presidents by Released Kennedy Wilson has appointed two new presidents.
Fundraising | Aug 14, 2018 Cording launches £400m U.K. private rented sector fund by Andrea Zander Cording Real Estate Group has launched its £400 million ($511 million) Cording U.K. Residential Investment Fund.
Transactions | Aug 13, 2018 Port of Los Angeles seeks developer for 87-acre marina by Andrea Zander The Port of Los Angeles has plans to release an RFQ and RFP for a commercial development opportunity at Cabrillo Way Marina on the L.A. Waterfront in San Pedro.
