Newsline

AXA IM Alts has acquired a portfolio comprising two city center senior housing assets in northern Japan, on behalf of clients, for €34 million ($36 million).

Shenton 101 Pte Ltd. has acquired Shenton House, located in Singapore’s CBD, for S$538 million ($392 million).

Multi Corp. has plans for a mixed-use redevelopment project for Valkenstaete, a neighborhood convenience center in Valkenswaard, the Netherlands.

PGIM Real Estate and Cornwall Pension Fund have acquired a site and provided forward funding for the development of a single-family rental housing scheme in Cornwall, England.

Knight Frank Investment Management (KFIM) has appointed John Styles as CIO, following Matthew McDonald’s promotion to CEO.

Our increasingly digitized world places ever-greater demands on where and how we store that data. The boom in artificial intelligence, driven in particular by recent advances in generative AI, adds further pressure on a specialty sector that’s increasingly mainstream. AI demands far-greater power supply and a higher density of servers, translating into a higher burn rate for energy.

Tenants, residents, investors and regulators are all knocking on the door of real estate and infrastructure actors, demanding green, affordable and equitable solutions. Heightened social inequality and wellness issues, combined with more frequent and severe extreme weather events are elevating the need to address environmental, social and governance (ESG) risks and opportunities.ESG

Bouwinvest Real Estate Investors has appointed Gijs Plantinga as director strategic business development.

Deer Park Road Management Co. has launched a closed-end fund.

Expect a non-bank boon as traditional CRE lenders retrench, writes Henri Vuong, head of real estate debt investment research at PGIM Real Estate.

When asked what — if anything — they wanted to gain from the 2023 meeting of the Editorial Advisory Board of Institutional Real Estate Europe, one member offered a candid and rather telling response. “I expect to remain confused by the end of this gathering,” he said. “But at a higher level.”

The commercial real estate industry has been stymied by uncertainty in the past 18 months amid the rising-interest-rate environment.

Although there are plenty of examples of office buildings that have been transformed to alternative uses, such as hotels, retail and housing, office-to-residential conversions have moved to the forefront for obvious reasons.

Harrison Street has sold, Sutton Landing at Deer Park, an active adult community, to Fairfield Properties.

Blackstone has plans to acquire a controlling stake in two South-based hospital chains in India.

Ocean West Capital Partners has paid $100 million for five logistics focused properties, totaling 1.83 million square feet in the Inland Empire and Central Valley markets of California.

Vantage Data Centers and a consortium of investors led by MEAG and Infranity, along with funds affiliated with the investment management platform of DigitalBridge Group have completed a previously announced investment partnership in certain Vantage European data center assets.

DC BLOX, a provider of connected data centers and dark fiber solutions across the Southeast, announces the recent purchase and commencement of construction of a data center campus in Douglasville, Ga.

Trinity Investments, a U.S. based hospitality-focused real estate investor, has established a London office as part of its global expansion.

Doug Wesley, CIO at Illinois State Universities Retirement System for nearly seven years, is set to retire March 1, 2024.