Research | Oct 30, 2024 Strong retailer expansion demand in Asia Pacific amid slower sales growth by Jennifer Molloy Despite slower retail sales growth in Asia Pacific, retailers are displaying resilient expansionary demand across most categories, with about 76 percent of surveyed brokers reporting leasing inquiries from retailers seeking new setups, expansion and upgrading, indicating appetite for more space, according to CBRE’s October 2024 APAC Retail Viewpoint.
Research | Oct 30, 2024 Japanese investors favor Australia for outbound CRE investment by Jennifer Molloy Japanese investors’ strong appetite thus far in 2024 for commercial real estate investment in Australia is set to surpass their capital flows into U.S. real estate for the first time in at least 10 years, according to Cushman & Wakefield, citing data from MSCI.
Transactions | Oct 30, 2024 Argosy, Shopoff exit the Tuscany Valley and Tuscany Crest Portfolio in Lake Elsinore, Calif. by Released A partnership between Argosy Real Estate Partners and Shopoff Realty Investments has exited its investment in the Tuscany Valley and Tuscany Crest Portfolio, comprising a total of 335 entitled residential lots in Lake Elsinore, Calif.
Transactions | Oct 30, 2024 Blackstone and Blue Cove Investment eye 16-story office tower in Seoul by Kali Persall Blackstone has teamed up with Korean asset manager Blue Cove Investment to acquire a 16-story office tower in Seoul’s Gangnam business district for 120 billion Korean Won ($86 million), sources familiar with the transaction told Mingtiandi.
Transactions | Oct 30, 2024 Tiong Seng makes foray into China’s ‘Silver Economy’ with opening of Watermark Tiong Seng Lifestyle Centre by Kali Persall Construction group and property developer Tiong Seng Holdings has opened its flagship Watermark Tiong Seng Lifestyle Centre in Tianjin, China.
Investors | Oct 30, 2024 San Diego City Employees’ Retirement System announces two commitments to real estate by Elise Mackanych San Diego City Employees’ Retirement System (SDCERS) has made commitments to two real estate funds for a total of $75 million.
Investors | Oct 30, 2024 Virginia Retirement System commits $200m to AMLI Residential fund by Elise Mackanych Virginia Retirement System (VRS) announced a $200 million commitment to AMLI Residential III, a joint venture with AMLI, a private real estate development company.
Fundraising | Oct 30, 2024 Boston Financial has closed multi-investor LIHTC fund with $170m by Elise Mackanych Boston Financial Investment Management has held a final close of Boston Financial Institutional Tax Credits 60 L.P, with total equity commitments from six institutional investors of $170 million.
Transactions | Oct 29, 2024 AEW sells light industrial property in Singapore to a family office by Kali Persall AEW Capital Management is said to be selling Admirax, a seven-story light industrial property in Woodlands, a residential town located in the north of Singapore, to a family office for S$155 million ($117 million), according to several reports.
Investors | Oct 29, 2024 LAFPP unveils 2025 real estate investment plan by Kali Persall The $31 billion Los Angeles Fire and Police Pensions (LAFPP) has released its real estate annual investment plan for 2025, as prepared by Townsend Group.
People | Oct 29, 2024 SC Capital Partners hires Daisuke Hiramoto as managing director and head of Japan by Kali Persall Daisuke Hiramoto has joined SC Capital Partners, an Asia Pacific real estate investment manager, as managing director and head of Japan.
Fundraising | Oct 29, 2024 Sculptor Real Estate Fund V picks up slew of U.S. pension fund investors by Kali Persall Sculptor Real Estate Fund V, an opportunistic fund managed by Sculptor Capital Management, has attracted a number of U.S. pension funds investors in recent months.
Investors | Oct 29, 2024 Vantage Data Centers breaks ground on 192MW campus in growing Ohio data center market by Kali Persall Vantage Data Centers has entered into the central Ohio data center market with the groundbreaking of a 192-megawatt data center campus.
Transactions | Oct 29, 2024 DigitalBridge to acquire Yondr Group, accelerate global hyperscale data center growth by Kali Persall DigitalBridge Group has agreed to acquire Yondr Group, a global developer and operator of hyperscale data centers.
Transactions | Oct 28, 2024 BLG Capital sells interest in Galataport Istanbul and The Peninsula Istanbul to Dogus Group by Released BLG Capital has completed its exit from Galataport Istanbul, a mixed-use commercial development that transformed 1.3 kilometers (eight-tenths of a mile) of Istanbul’s Bosphorus waterfront in Karaköy.
People | Oct 28, 2024 Knight Frank appoints Joshua Morris as U.K. head of international capital by Released Knight Frank has appointed Joshua Morris, partner, to the newly created role of U.K. head of international capital as it continues to enhance its global capital markets and real estate advisory platform.
People | Oct 28, 2024 Chancerygate Mitiska appoints first Portugal development director by Denise Moose A company formed jointly by Chancerygate and real estate investor Mitiska REIM has hired Sebastião Madeira as development director in Portugal.
Transactions | Oct 28, 2024 PGIM Real Estate, Elevate acquire Stamford Court to activate vibrant Singapore community by Released PGIM Real Estate has entered into a joint venture with Elevate Capital Group to acquire Stamford Court, a prime commercial asset located in central Singapore for S$132 million ($99.8 million).
Transactions | Oct 28, 2024 Metrovacesa, Vita Group form JV to develop a flex-living building in Madrid by Denise Moose Metrovacesa and Vita Group have signed a joint venture to develop a flex-living building at Oria Innovation Campus, on Avenida Cardenal Herrera Oria, next to the former Clesa factory in Madrid.
Fundraising | Oct 28, 2024 H.I.G. Capital announces closing of $2b U.S. lower middle market fund by Denise Moose H.I.G. Capital announced the closing of H.I.G. Capital Partners VII (Fund VII). Fund VII closed with $2 billion of capital commitments.
