Newsline

Heitman announced the acquisition of a self-storage site in Galway, Ireland, further establishing their U-Store It business as the leading provider of self-storage facilities across the country.

M&G Real Estate has acquired two key office buildings, Prospect House and Carisbrooke Court, totaling 52,053 square feet, located at Buckingway Business Park, Cambridge.

PGIM Real Estate and Citymark Capital have entered into a joint venture partnership to deploy $500 million in dedicated capital for the acquisition of senior loans or other structured positions backed by multifamily assets.

Hines has opened a new office in Jeonju, South Korea, as part of a strategic expansion to strengthen its partnership with South Korea’s National Pension Service (NPS) and help foster the development of Jeonju’s financial sector.

Seven real estate associations have joined forces to establish seven guiding principles designed to create an industry-wide carbon pricing mechanism that can accelerate the pace of decarbonization.

Private market investors are more optimistic about investment opportunities across asset classes than they were in 2023, with general partners (GPs) proving more optimistic than limited partners (LPs), according to the new Goldman Sachs Asset Management 2024 private markets diagnostic survey, Charting New Routes.

Ares Management’s Real Estate fund has secured $475 million in financing for a 4.8 million-square-foot, 25-building industrial portfolio spanning 16 markets in 12 states.

Oxford Properties Group announced it has refinanced 32 Rue Blanche, a class A office building in central Paris, having agreed to a €182.5 million ($197.85 million) green loan with Aareal Bank.

Legal & General (L&G), specialist digital infrastructure investment firm Goldacre and data center development partner sineQN announced that planning has been approved for a £750 million ($976 million) sustainable, urban hyperscale data center investment located in the London borough of Newham.

A joint venture between KB Asset Management and RED Development has secured $227 million in refinancing for The Union, an iconic mixed-use development within the Uptown submarket of Dallas.

Asia Pacific investment volumes in third quarter 2024 reached $38.8 billion — their highest level in 11 quarters —marking a robust 82 percent increase year-over-year, according to JLL’s Asia Pacific Capital Tracker Q3 2024 report.

The Guardians of New Zealand Superannuation, manager of the New Zealand Superannuation Fund, has appointed Brad Dunstan and Will Goodwin as joint CIO officers, effective Dec. 2, 2024.

With the fundamental shifts occurring in the office industry, investors are wary of investing in the office sector, but office REITs may offer a compelling opportunity, given the way public real estate valuations have repriced ahead of private real estate.

Aviva Investors and Packaged Living (Packaged) announced they have partnered with Octopus Energy to offer the Octopus ‘Zero Bills’ energy tariff at two of its U.K. build-to-rent developments.

Elevation Advisors (Elevation) announced that Signature Senior Lifestyle (Signature) has completed the debt financing and construction agreements to support the development of three wholly owned sites into new senior living communities within the Greater London area.