Asia Pacific price correction and discovery in 2024 by Benjamin Cole As 2024 unfolds, the prospects for Asia Pacific commercial real estate are better than at any time since the COVID-19 pandemic seized the global stage in 2019. After the market-warping lockdowns and business restrictions of the pandemic era, property investors in Asia Pacific then faced rounds of inflation-fighting rate hikes by major global and most regional central banks.
REITs are nearing an inflection point by Andrea Zander The past two years have been tough for public REIT stock prices, both on an absolute basis and relative to other equities, as rising interest rates created headwinds for real estate.
To sell or not to sell?: That is the question; and the answer may lie in whether you can afford to hold by Andrea Zander By normal standards, property deals just aren’t getting done. There’s a gap in expectation between what sellers expect to get and what buyers are willing to pay. Yet valuations are slipping in the office and retail sectors in particular, and the feeling is they have farther yet to fall.
People | Jan 31, 2024 BlackRock’s global head of infrastructure and real estate takes leave after nine-year stint by Kali Persall Anne Valentine Andrews has announced her departure from BlackRock after leading its real assets group for nearly a decade.
Transactions | Jan 31, 2024 Partners Group and Realterm JV acquires first property in Australia by Andrea Zander Partners Group, acting on behalf of its clients, and Realterm have formed a transportation logistics real estate joint venture with its first acquisition in Australia.
Transactions | Jan 31, 2024 Loci Capital sells multifamily asset in Orlando by Released Funds controlled by Loci Capital Op Fund GP, LLC, an affiliate of Loci Capital Group, a private real estate fund manager, has sold Pomelo Park Apartments, a 240-unit garden style apartment community in the Lee Vista / Narcoossee submarket of Southeast Orlando, Fla.
People | Jan 31, 2024 Croatan Investments promotes Ben Bartlett to COO by Released Croatan Investments, a rental housing investment manager for private wealth and institutional capital, has promoted Ben Bartlett to COO.
Transactions | Jan 31, 2024 CapitaLand Investment partners with AIA Life Insurance in $333m JV to recapitalize Capital Square Beijing by Released CapitaLand Investment Limited (CLI) has formed a RMB2.4 billion (S$452 million, $337 million) joint venture with AIA Life Insurance (AIA), to recapitalize Capital Square Beijing, a class-A office building in Beijing.
Investors | Jan 31, 2024 China Evergrande faces court-ordered liquidation of company by Jennifer Molloy Hong Kong’s High Court on Monday, Jan. 29, issued a wind-up order for the liquidation of property developer China Evergrande Group.
Investors | Jan 31, 2024 Ohio Employees posts 2023 returns, outlines real assets 2024 projections by Lewis Dayton The Ohio Public Employees Retirement System’s Defined Benefit Fund (DB Fund) generated an 11.1 percent return during 2023, outperforming its 6.9 percent benchmark.
Transactions | Jan 31, 2024 Barings acquires Lisbon site to develop one of Portugal’s largest logistics parks by Released Barings, on behalf of its second real estate European value-add fund (BREEVA II), has acquired a plot of land in a prime location near Lisbon.
Transactions | Jan 31, 2024 GLP Capital Partners completes the sale of 12 logistics assets in Brazil totaling $300m by Andrea Zander GLP Capital Partners (GCP) has sold 12 logistics assets.
Transactions | Jan 31, 2024 Trammell Crow Co. completes first sales in Europe as AEW acquires two prime logistics assets in Spain by Released Trammell Crow Company (TCC) has signed two transactions with AEW.
Investors | Jan 31, 2024 Australia’s Future Fund posts 2023 return results by Lewis Dayton Australia’s Future Fund has reported that it generated an eight percent return during 2023, slightly underperforming its benchmark of 8.4 percent.
Fundraising | Jan 31, 2024 Cabot Properties closes seventh industrial value fund with $1.57b by Lewis Dayton Cabot Properties held a final close for its Cabot Industrial Value Fund VII (CIVF VII) in Dec. 2023, after raising $1.57 billion of committed capital, confirmed Seppi Colloredo-Mansfeld, director of investments at Cabot Properties, having exceeded its initial target of $1.2 billion.
Fundraising | Jan 30, 2024 Walker & Dunlop Investment Partners closes multifamily debt fund by Andrea Zander Walker & Dunlop Investors Partners (WDIP) has closed its latest fund, part of a planned series of funds focused on multifamily bridge financing.
Investors | Jan 30, 2024 Mohr Partners and CDNGLOBAL unveil strategic partnership to broaden global reach by Released Mohr Partners and CDNGLOBAL have formed a strategic partnership to deliver occupier and capital markets solutions throughout North America.
Research | Jan 30, 2024 Private real estate set up for attractive early cycle returns by Andrea Zander The coming year will offer historically advantageous entry points into private real estate as asset prices meaningfully reset, wrote James Corl, head of private real estate at Cohen and Steers, in a recent white paper.
Fundraising | Jan 30, 2024 PATRIZIA closes debut impact strategy with firepower to invest €500m in social and affordable housing by Andrea Zander PATRIZIA has held a final close of its debut impact investing strategy with firepower to create a €500-plus million ($543 million) pan-European social and affordable housing portfolio. PATRIZIA Sustainable Communities has secured equity commitments from 10 institutional investors, with Danish pension funds AP Pension and PKA as cornerstone investors.
Transactions | Jan 30, 2024 Clarion Partners Europe pays €270m to Blackstone for logistics portfolio by Andrea Zander Clarion Partners Europe has entered a contract to acquire a portfolio of eight modern logistics properties across Germany and the Netherlands.
