Transactions | Jan 19, 2024 Custodian Property Income REIT, abrdn Property Income Trust agree to all-share merger by Kali Persall Custodian Property Income REIT (CREI) and abrdn Property Income Trust (API) and have reached an agreement on the terms and conditions of an all-share merger, through which CREI will acquire the entire issued and to-be-issued share capital of API.
People | Jan 19, 2024 M&G Real Estate promotes Daniel Cho to head of Korea by Released M&G Real Estate, part of M&G plc’s £74 billion ($94 billion) private markets business, has promoted Daniel Cho to head of Korea, as the firm seeks to strengthen and intensify engagement in the Korean real estate market.
Investors | Jan 19, 2024 Key takeaways from the REEM Summit in Austin by Chase McWhorter Last week I had the privilege of attending my first REEM Summit in Austin. This program is put together by conference chairs Larissa Herczeg and Krista Kerr, with support from the Employees Retirement System (ERS) of Texas and Teacher Retirement System (TRS)Â of Texas. What follows are some key takeaways from the meeting.
Research | Jan 19, 2024 The bid-ask gap for commercial real estate remains notably wide by Jennifer Molloy Sticky valuations and low transaction volumes globally are reflected in a disparity between appraisal cap rates and transaction cap rates, according to the Hines 2024 Outlook: Disciplined Capital, Prospects Ahead.
Investors | Jan 19, 2024 Berlin provides $440m financing for GSG Berlin’s ‘Ganz Schön Gut’ portfolio by Released Berlin Hyp is making follow-up financing available to GSG Berlin. The financing package of about €404 million ($440.1 million), is being provided in the form of a club deal.
Transactions | Jan 19, 2024 Realterm acquires multiple logistics properties in the Netherlands by Released Realterm has announced the continued growth of its global transportation logistics real estate platform with the acquisition of a three-building logistics property in Venlo, Netherlands.
People | Jan 19, 2024 Katie Girardi appointed as new executive director at San Luis Obispo Pension Trust by Lewis Dayton The San Luis Obispo County (Calif.) Pension Trust (SLOCPT) appointed Katie Girardi as its new executive director, following the retirement of Carl Nelson at the end of December. Â
People | Jan 19, 2024 Michelle Ostermann appointed as CEO of the Pension Protection Fund by Lewis Dayton The Pension Protection Fund (PPF), a U.K. pension plan, has appointed Michelle Ostermann as its new CEO.
Research | Jan 19, 2024 Forecasting the euro zone's neutral interest rate by Lewis Dayton A new report from Oxford Economics projects the euro zone’s neutral interest rate will fall to 1.9 percent this year, from 2.2 percent in 2023, and will drop to 1.5 percent by 2026, allaying fears of naggingly high interest rates.
People | Jan 19, 2024 Seattle Employees solicits proposals for an investment consultant by Lewis Dayton The Seattle City Employees’ Retirement System is soliciting proposals for an investment consultant.
Investors | Jan 19, 2024 LA Fire & Police commits $40m to Principal data center fund by Lewis Dayton Los Angeles Fire and Police Pensions (LAFPPF) has committed $40 million to Principal Data Center Growth & Income Fund (PDCGIF), a fund managed by Principal Asset Management focused on investing in data center assets.
People | Jan 19, 2024 Border to Coast seeks a portfolio manager for U.K. real estate by Lewis Dayton Border to Coast Pensions Partnership, the asset manager owned by 11 Local Government Pension Funds with approximately £55 billion ($69.8 billion) of assets under management, is seeking a portfolio manager, U.K. real estate, to assist and support the head of real estate and team.
People | Jan 18, 2024 BlackRock announces slew of leadership appointments in Asia by Kali Persall BlackRock has bolstered its presence in Asia with a number of recent appointments.
Transactions | Jan 18, 2024 Clarion Partners Europe acquires warehouse in U.K. Golden Triangle by Released Clarion Partners Europe has completed the acquisition of a modern warehouse in Coventry, England, from BlackRock’s U.K. Property Fund, representing the first investment on behalf of Clarion Partners Europe’s core-plus, closed-end U.K. logistics fund.
Transactions | Jan 18, 2024 Barings acquires land for logistics site in northern Italy by Released Through an Italian real estate fund managed by Savills Investment Management, Barings has acquired a 78,000-square-meter (839,585-square-foot) plot of land in northern Italy for a grade A logistics development, on behalf of its pan-European logistics joint venture (PELV).
Transactions | Jan 18, 2024 Aviva Investors invests $190m into student housing portfolio by Lewis Dayton Aviva Investors has acquired a portfolio of six purpose-built student accommodation (PBSA) assets and a mixed-use commercial investment, extending its strategic asset allocation to the direct-let PBSA sector.
Transactions | Jan 18, 2024 GIC seeks at least $583m for Hilton hotel in Japan by Kali Persall GIC, Singapore’s sovereign wealth fund, is looking for a buyer for its Hilton Fukuoka Sea Hawk hotel, located on the coast of the Japanese city of Fukuoka.
Transactions | Jan 18, 2024 Ardian acquires French self-storage company, Costockage by Lewis Dayton Ardian has acquired Costockage, a French company specializing in self-storage within France.
Transactions | Jan 18, 2024 Equus announces $220m acquisition of a six-property, multi-state apartment portfolio by Released Equus Capital Partners announced that an affiliate has completed the acquisition of Project Big Timber, a six-property, garden-style multifamily portfolio totaling 1,249 units in Atlanta; Philadelphia; Raleigh, N.C.; and St. Louis.
Fundraising | Jan 18, 2024 The London Fund captures $70m of commitments from Kingston and Sutton by Released The combined Royal Borough of Kingston upon Thames Pension Fund and London Borough of Sutton Pension Funds have committed £55 million ($69.6 million) to The London Fund.
