Research | Feb 7, 2018 U.K. residential property sees strong institutional investment demand, says report by Jody Barhanovich There is a strong institutional investment demand for U.K. residential property, according to Investment Property Forum’s 2017 survey.
Transactions | Feb 7, 2018 Brookfield Residential acquires national mixed-use developer OliverMcMillan by Released Brookfield Residential Properties has acquired the assets of national mixed-use developer OliverMcMillan.
People | Feb 7, 2018 Schroders strengthens U.S. real estate team by Released Schroders has announced the appointment of David Sullivan to head of strategic partnerships, North America.
Investors | Feb 7, 2018 CalPERS commits $750m to Blackstone’s European-focused vehicle by Jody Barhanovich The $329.9 billion California Public Employees’ Retirement System has committed $750 million to Blackstone’s European-focused real estate vehicle.
Investors | Feb 7, 2018 North Carolina reports 13.5% return in 2017 by Jody Barhanovich North Carolina Retirement System has reported gains of 13.5 percent for calendar year 2017, outperforming its benchmark of 12.8 percent, State Treasurer Dale Folwell announced.
Transactions | Feb 7, 2018 Google to buy Chelsea Market building for $2b by Andrea Zander Google has agreed to pay more than $2 billion for New York City’s Chelsea Market building at 75 Ninth Ave. between 15th and 16th streets.
Transactions | Feb 7, 2018 PGIM Real Estate sells Rock Square in Guangzhou, China by Andrea Zander PGIM Real Estate has sold a shopping mall in Guangzhou, China, on behalf of institutional investors.
People | Feb 7, 2018 Corestate appoints new CEO by Andrea Zander Corestate Capital Holdings has appointed Dr. Michael Bütter as its new CEO, effective May 1.
Fundraising | Feb 7, 2018 Blackstone exceeds fundraising target for Asia-focused fund by Jody Barhanovich Blackstone, the largest real estate private equity firm in the world, has exceeded its fundraising target for its most recent Asia-focused real estate fund.
Investors | Feb 6, 2018 CalPERS’ real estate fund returns 7.8% year-over-year by Jody Barhanovich The $329.9 billion California Public Employees’ Retirement System has reported a 7.8 percent total return for its real estate fund, beating its benchmark by 110 basis points for the year ending Dec. 31, 2017.
People | Feb 6, 2018 Columbia Threadneedle property head to retire by Andrea Zander Don Jordison, property head at London-based global asset manager Columbia Threadneedle Investments, has plans to retire in May 2018.
Transactions | Feb 6, 2018 GLP continues capital recycling strategy, selling $278m of assets by Andrea Zander GLP continues its capital recycling strategy with the sale of JPY30.5 billion ($278 million) of assets and solar panels to GLP J-REIT.
Fundraising | Feb 6, 2018 BNP Paribas Asset Management launches debt fund by Andrea Zander BNP Paribas Asset Management has launched a real estate debt fund, European Real Estate Debt.
Fundraising | Feb 6, 2018 GCM Grosvenor closes Secondary Opportunities Fund II at $700m by Andrea Zander GCM Grosvenor has completed the final close of its Secondary Opportunities Fund II (GSF II) with $700 million in committed capital, reaching its hard cap.
Investors | Feb 6, 2018 Oklahoma State Regents commits $7m to real estate fund by Jody Barhanovich The $661 million Oklahoma State Regents for Higher Education has committed $7 million to a fund managed by Iron Point Partners.