Transactions | Jun 26, 2024 CPI Property Group sells 49% in Vulcanion for €250m by Released CPI Property Group has plans to sell its 49 percent common equity stake in Vulcanion for €250 million ($267 million) to funds managed by Sona Asset Management.
Investors | Jun 26, 2024 OlivePoint welcomes GCM Grosvenor as new strategic investor by Released OlivePoint, a private real estate investor, has announced that GCM Grosvenor, a global alternative asset management solutions provider with $79 billion of assets under management, has committed, on behalf of various U.S. Pension Plans, $50 million to OlivePoint’s latest investment fund.
Transactions | Jun 26, 2024 KKR acquires $2.1b multifamily portfolio from Quarterra by ANDREA Zander KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately $2.1 billion.
People | Jun 26, 2024 Amherst appoints Paul Nicholson as deputy CIO by Released Paul Nicholson has joined The Amherst Group as the deputy CIO, effective immediately.
Transactions | Jun 26, 2024 Japan Hotel REIT plans to acquire four assets for $350m by Andrea Zander Japan Hotel REIT plans to acquire two full-service Okinawa properties and two budget hostelries in Tokyo’s Shinjuku ward for a total of JPY 56.2 billion ($352 million), according to a release.
People | Jun 26, 2024 Maria Scherer joins Blue Vista Capital Management as general counsel by Andrea Zander Maria Scherer has joined Blue Vista Capital Management as general counsel.
Transactions | Jun 26, 2024 Blackstone Real Estate acquires Village Hotels by Released Funds managed by Blackstone Real Estate have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners.
Investors | Jun 26, 2024 Qualitas announces $365m credit mandate from new global institutional investor based in North America by Released Qualitas Limited, a Australian alternative real estate investment manager, has secured its first commitment from a North American-based global institutional investor, with A$550 million ($366 million) to be invested in commercial real estate private credit across construction loans, predevelopment land loans and investment loans.
Investors | Jun 26, 2024 Illinois Teachers commits $300m to fund managed by Starwood Capital Group by Lewis Dayton The Teachers’ Retirement System of Illinois (TRSIL) has made a commitment of $300 million to Starwood Distressed Opportunity Fund XIII Global, confirmed Janelle Gurnsey, director of public relations/executive cabinet at TRSIL.
People | Jun 26, 2024 Council of Institutional Investors selects Bob McCormick as next executive director by Released The board of directors of the Council of Institutional Investors (CII) has announced that Bob McCormick, a widely respected corporate governance expert, will succeed Amy Borrus as executive director after she retires June 30.
People | Jun 25, 2024 Cohen & Steers names new CFO by Released Raja Dakkuri has joined Cohen & Steers as executive vice president and CFO.
Transactions | Jun 25, 2024 Land Securities Group increases stake in U.K. shopping center from GIC by Andrea Zander Land Securities Group has paid £120 million (€142 million/$152 million) to increase its stake in the Kent-based Bluewater, one of the United Kingdom’s leading shopping centers.
Transactions | Jun 25, 2024 Dermody Properties, Almanac Realty Investors announce strategic minority investment by Andrea Zander Almanac Realty Investors has plans to acquire a passive, minority ownership stake in Dermody Properties. The strategic investment should provide additional resources to Dermody Properties while having no impact on the day-to-day management, operations or business decision-making process.
Fundraising | Jun 25, 2024 Meadow Partners raises $530m of new capital commitments by Andrea Zander Meadow Partners has raised $530 million of new capital commitments for its sixth flagship fund, Meadow Real Estate Fund VI LP, and dedicated co-investment vehicles.
Transactions | Jun 25, 2024 PATRIZIA continues expansion of pan-European logistics platform with major investment in Italy’s “golden triangle” submarket by Released PATRIZIA has closed a deal to invest €70 million ($75 million) in a modern industrials portfolio in Italy’s “golden triangle” submarket through its PATRIZIA Logistik-Invest Europa Fund series.
Transactions | Jun 25, 2024 Kennedy Wilson acquires multi-let industrial property in West London for $111m by Andrea Zander Kennedy Wilson and its partner have acquired Heathrow Estate.
Transactions | Jun 25, 2024 Blackstone buys Finnish urban logistics portfolio for €135m by Released Nrep has sold a Finnish urban logistics portfolio to funds managed by Blackstone for €135 million ($145 million).
Transactions | Jun 25, 2024 Affinius Capital, Kennedy Wilson originate $160m construction loan for multifamily development in Brooklyn by Released Affinius Capital has originated a $160 million senior construction loan alongside Kennedy Wilson to finance 340 Nevins St.
Investors | Jun 25, 2024 ESR Group receives CSRC approval for public logistics REIT in China by Released ESR Group has received approval for its application for the registration and listing of ESR China REIT (ESR C-REIT) by the China Securities Regulatory Commission (CSRC).
AXA IM Alts appoints Multiplex for London tower, forms Lisbon office development JV with Sierra by Released AXA IM Alts has appointed Multiplex to commence construction at its 650,000-square-foot Fifty Fenchurch Street workplace development in the City of London, which is expected to be one of the lowest-carbon and most biodiverse high-rise towers in the United Kingdom.
