Transactions | Nov 30, 2017 Deka buys Frankfurt tower for €775m by Andrea Waitrovich Deka Immobilien GmbH has paid €775 million ($924 million) for the Tower 185 office tower in Frankfurt on behalf of its real estate funds.
Research | Nov 29, 2017 Vietnam and India rank as most popular developing markets by Andrea Waitrovich Vietnam and India rank as the most popular developing markets, according to the Emerging Trends in Real Estate® Asia Pacific 2018 report, published by the Urban Land Institute and PwC.
Transactions | Nov 29, 2017 PGGM, Hines enter separate account to invest in Milan by Jody Barhanovich Hines, the international real estate firm, has entered a joint venture with PGGM, the Dutch pension fund service provider, to launch a separate account program primarily targeting high-street retail, office and mixed-use value-added developments in Milan.
Research | Nov 29, 2017 Hong Kong overtakes London as world’s most expensive office location by Andrea Waitrovich Hong Kong has replaced London’s West End as the most expensive office market in which to accommodate staff, according to Cushman & Wakefield’s ‘Office Space Across The World’ report.
Research | Nov 29, 2017 Global investor confidence down in November by 1.0 point to 97.1 by Andrea Waitrovich The State Street Investor Confidence Index (ICI) for November 2017 decreased to 97.1, down 1.0 point from October’s revised reading of 98.1.
Transactions | Nov 29, 2017 AMP Capital JV pays A$800m for Queensland shopping center by Andrea Waitrovich The AMP Capital Shopping Centre Fund (ACSC) and the AMP Capital Diversified Property Fund have each acquired a 25 percent stake in a shopping center, located in Queensland, Australia.
Investors | Nov 29, 2017 Townsend assists KPERS with pacing objectives for 2018 by Jody Barhanovich Kansas Public Employees Retirement System and The Townsend Group have worked together to develop a pacing schedule through 2018 .
Transactions | Nov 29, 2017 Ying Li International Real Estate sells stake in project for $500m by Andrea Waitrovich Chinese property developer Ying Li International Real Estate has plans to sell its stake in a project in Chongqing’s central business district.
Transactions | Nov 29, 2017 CapitaLand JV buys Rock Square mall in Guangzhou for $511m by Andrea Waitrovich CapitaLand and CapitaLand Retail China Trust (CRCT) have acquired Rock Square, a shopping mall in Haizhu District in Guangzhou, South China, for about $511 million.
Investors | Nov 29, 2017 Miami Beach commits $40m to U.S. real estate fund by Jody Barhanovich Miami Beach Firefighters’ and Police Officers’ Pension Plan has committed $40 million to a fund managed by Intercontinental Real Estate Corp.
Investors | Nov 28, 2017 Hawaiian investor to develop Japanese upscale hotel brand by Andrea Waitrovich Japan-based Hotel Okura Co. has formed a partnership with a Hawaii-based private real estate firm.
Fundraising | Nov 28, 2017 Noble Investment raises $144m for hospitality fund by Jody Barhanovich Noble Investment Group, a real estate investment firm, has raised $144 million for its fourth hospitality fund.
Transactions | Nov 28, 2017 Barceló bids for rival NH Hotel Group by Andrea Waitrovich Spanish firm Barceló has emerged as a potential buyer for its long-time rival the Madrid-based NH Hotel Group for $3 billion.
Transactions | Nov 28, 2017 KBS Strategic Opportunity REIT sells $804m portfolio to Singapore REIT by Released KBS Strategic Opportunity REIT has sold 11 of its properties to various subsidiaries of Keppel-KBS US REIT.
Fundraising | Nov 28, 2017 Redos launches German retail fund by Jody Barhanovich Redos Real Estate, one of Germany’s leading independent retail property specialists, has set up the new special AIF in a joint venture with Union Investment.
Transactions | Nov 28, 2017 Gaw Capital Partners to acquire 17 shopping centers in Hong Kong by Andrea Waitrovich Gaw Capital Partners, through a fund under its management, and a consortium of partners, including Goldman Sachs, have won a bid to acquire a retail portfolio comprising 17 shopping centers in Hong Kong from Link Asset Management Limited for HK$23 billion ($2.95 billion).
Fundraising | Nov 28, 2017 CBRE holds $1.34b final close for U.S. value-added fund by Jody Barhanovich CBRE Global Investors has held a final closing for its U.S. value-added fund.
Research | Nov 27, 2017 Automation expected by over 50% of real estate executives by Andrea Waitrovich Altus Group released the latest annual Altus Group CRE Innovation Report revealing that CRE industry leaders are divided about the potential of new technologies to drive industry-wide change.
Investors | Nov 27, 2017 Spirit Realty files with SEC on spin-off plan by Released Spirit Realty Capital has confidentially submitted with the U.S. Securities and Exchange Commission a registration statement on Form 10 on behalf of Spirit MTA REIT.
Transactions | Nov 27, 2017 Mainstreet to acquire CareIT Portfolio for $425m by Andrea Waitrovich In a partnership with Tiptree and other subsidiaries, Mainstreet Health Investments has plans to acquire Care Investment Trust for approximately $425 million.
