Research | May 29, 2024 APAC dominates global land and development site investments by Released Four of the top five global cross-border capital destinations for land and development site investments in first quarter 2024 were in Asia Pacific, according to Colliers’ report, Asia Pacific Global Capital Flows May 2024.
Research | May 29, 2024 Global real estate AUM at $4.1t by Andrea Zander The real estate assets under management (AUM) reached a minimum of $4.1 trillion at the end of 2023, according to The ANREV/ INREV/ NCREIF Fund Manager Survey 2024.
Research | May 29, 2024 Wall of U.S. hotel debt maturities to catalyze transactions by Andrea Zander Approximately $5.8 billion of U.S. hotel single-asset securitized loans, including CMBS and CRE CLOs are coming due for maturity in 2024.
Transactions | May 29, 2024 Blackstone Real Estate sells Turtle Bay Resort for $725m by Andrea Zander Blackstone Real Estate has reached an agreement to sell Turtle Bay Resort, on the North Shore of Oahu, Hawaii, for $725 million, to Host Hotels & Resorts.
Transactions | May 29, 2024 CapRock Partners acquires 244,286sf class A industrial asset in Mesa, Ariz. by Released CapRock Partners has acquired Longbow Industrial Park, a new two-building, class A industrial complex totaling 244,286 square feet in Mesa, Ariz.
Transactions | May 29, 2024 CIM Group sells Lennox at West Village, 159-unit apartment community in Dallas by Released CIM Group has sold Lennox at West Village.
Transactions | May 29, 2024 EQT Exeter to acquire 5msf industrial assemblage from Prologis by Released EQT Exeter Industrial Value Fund VI, managed by EQT Exeter, has acquired 20 industrial properties in Minneapolis from Prologis, with plans to acquire four more properties by the final closing date.
Transactions | May 29, 2024 Nuveen Real Estate’s European value-added strategy makes first single-family housing acquisition with €42m investment in Finland by Released Nuveen Real Estate has completed a deal to forward-purchase the delivery of 141 single-family housing units in the Helsinki metropolitan area.
People | May 29, 2024 Aviva Investors hires head of institutional, EMEA by Released Aviva Investors, the global asset management business of Aviva, has appointed Steven Gardner as head of institutional, EMEA.
Investors | May 28, 2024 Invesco Real Estate, Stockland enter into strategic capital partnership by Andrea Zander Stockland and Invesco Real Estate have entered into a strategic open-end partnership to develop and hold an initial portfolio of three land lease community (LLC) assets in the newly established Stockland Land Lease Partnership (SLLP1), which is expected to generate approximately A$1.1 billion ($730 million) in gross development revenue.
Transactions | May 28, 2024 Barings acquires 1.79msf site in central Germany to establish major logistics park by Released Barings, on behalf of its pan-European logistics joint venture (PELV), has acquired a 166,000-square-meter (1.79 million-square-foot) plot of land in Herleshausen, Germany.
Research | May 28, 2024 Supply chain shifts to drive more manufacturing to Southeast Asia and India by Released The next decade will accelerate shifting supply chains whereby manufacturing and production locations will diversify to multiple locations across Southeast Asia and India.
Fundraising | May 28, 2024 Pennybacker closes Fund VI with $1.6b of committed capital, exceeding target by Andrea Zander Pennybacker Capital Management has held a final close for its sixth value opportunity series fund, Pennybacker VI, LP (Fund VI), which exceeded its target with $1.6 billion in capital commitments.
Transactions | May 28, 2024 Gaw Capital Partners expands data center portfolio with acquisition in Fuchu Intelligent Park, Japan by Released Gaw Capital Partners has acquired a property located in Fuchu Intelligent Park, Fuchu City, Japan.
People | May 28, 2024 Raffles Family office elevates Kendrick Lee to CEO, Singapore by Released Raffles Family Office has promoted Kendrick Lee, managing partner and co-founder, to CEO, Singapore.
Investors | May 28, 2024 Related Argent secures Japanese investment for Brent Cross Town by Released Related Argent, one of the largest privately owned property and urban regeneration businesses in the United Kingdom, has formed a joint venture with NTT UD Europe Limited, a subsidiary of leading Japanese telecommunications company NTT Group, to deliver the third build-to-rent (BTR) development at Brent Cross Town.
Research | May 28, 2024 Offices in Europe: Beginnings of a gradual recovery in sight by Released Although the office sector saw the steepest fall in investment of any asset category in 2023, the market is gradually recovering, underpinned by a consolidation in take-up, a stable vacancy rate and rising prime rents, according to Barings.
Fundraising | May 28, 2024 LOGOS, Sime Darby JV holds $213m final close by Released The Sime Darby Property Berhad and LOGOS SE Asia Pte. Ltd. joint venture (SDPLOG) has held a close for its Industrial Development Fund.
Transactions | May 24, 2024 KKR-led consortium to sell Seoul office tower by Andrea Zander Kohlberg Kravis Roberts (KKR) with its partners has plans to sell a 23-story tower, Namsan Square, in Seoul’s central business district.
Transactions | May 24, 2024 HMC Capital to acquire Payton Capital by Andrea Zander HMC Capital will acquire commercial real estate fund manager Payton Capital, as part of its strategy to establish a A$5 billion ($3.3 billion) private credit platform.
