Princeton Digital Group unveils major India expansion taking total capacity to 230MW in Mumbai and Chennai by Released Princeton Digital Group (PDG) has unveiled its major growth plan for India by expanding capacity to a total of 230 megawatts in the country, driving an investment program of approximately $1 billion in India. This is part of PDG’s new $5 billion investment program for AI-ready data centers in Asia
Investors | Sep 23, 2024 Nest, L&G and PGGM form $1.33b U.K. build-to-rent partnership by Andrea Zander Nest, the U.K. pension scheme managing £43 billion ($57billion) of assets on behalf of a third of the U.K. workforce, has formed a new partnership with Legal & General and PGGM, collectively investing up to £1 billion ($1.33 billion) into build-to-rent schemes across the United Kingdom.
Transactions | Sep 23, 2024 Crosstree Real Estate Partners and Bloom create $266m JV by Andrea Zander Crosstree Real Estate Partners and Bloom have made the first acquisition for their new £200 million ($266 million) last-mile, industrial and logistics joint venture, according to media outlets.
Research | Sep 23, 2024 Cushman & Wakefield releases in-depth report providing blueprint to reimagine cities by Released Cushman & Wakefield has released Reimagining Cities: Disrupting the Urban Doom Loop, an in-depth research report that puts 15 U.S. cities under the microscope to identify the real estate portfolios that cities currently have versus what they need, given how much the economy has changed post-pandemic.
Transactions | Sep 23, 2024 Blackstone Real Estate sells G6 Hospitality for $525m by Andrea Zander Oravel Stays has agreed to acquire G6 Hospitality.
Investors | Sep 23, 2024 Virginia Retirement Systems Board of Trustees makes $200m investment to Meadow Partners fund by Andrea Zander Virginia Retirement Systems Board of Trustees has made a $200 million comment to MV Real Estate SMA I, managed by Meadow Partners, according to Sept. 19 meeting documents.
Transactions | Sep 23, 2024 PIMCO Prime Real Estate to create NUGA Castellana by Released PIMCO Prime Real Estate, a leading global real estate investor and manager of the Allianz Group, has plans to invest €40 million ($45 million) to create a prime, mixed-use destination by integrating the adjoined commercial, residential and office areas managed by the firm in Madrid’s Nueva España neighborhood.
Transactions | Sep 20, 2024 Mission Street and BGO get go-ahead for 23-acre central Cambridge science district by Released Mission Street and BGO have received planning consent to deliver a 23-acre urban science district in central Cambridge, England.
People | Sep 20, 2024 Ex-Blackstone leader joins Worthe Real Estate Group as CIO by Released Worthe Real Estate Group has appointed Chris Graham as CIO.
Research | Sep 20, 2024 European real estate shows positive signs of recovery by Released With a headline reading of 55.8, the latest INREV Consensus Indicator, confirms the much-anticipated recovery for the European non-listed real estate investment market. This represents the third consecutive quarterly improvement since the indicator first exceeded 50 in March 2024.
Transactions | Sep 20, 2024 Invesco Real Estate acquires a residential complex in Marbella, South Spain by Released Invesco Real Estate has acquired a prime, modern complex in Marbella, one of the main cities in Spain.
Transactions | Sep 20, 2024 Panattoni secures $772m loan facility for new U.K. development by Released Panattoni has closed a £625 million ($828 million) development loan facility, which will support its strategic growth in the United Kingdom.
Transactions | Sep 20, 2024 EQT to acquire Indostar Home Finance for $210m by Released EQT has announced its BPEA Mid-Market Growth Partnership (MMG fund) agreed to acquire a 100 percent stake in Indostar Home Finance, a wholly owned subsidiary of Indostar Capital Finance Limited, for INR 17.5 billion ($210 million).
Fundraising | Sep 20, 2024 Driftwood Capital holds initial closing for latest fund by Released Driftwood Capital has held an initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, focusing on the acquisition and development of hotel assets in Florida’s Space Coast, one of the state’s fastest-growing markets for business and tourism.
Research | Sep 20, 2024 Paris buoyed by Olympics afterglow as London plays catch up by Released The London Property Alliance, which represents the U.K. capital’s leading real estate developers and investors, has published the latest edition of its Global Cities Survey showing that an Olympic “bounce” will see Paris push ahead of London across several key economic indicators.
Transactions | Sep 20, 2024 Cala announces new ownership as Legal & General agrees on sale with Sixth Street and Patron by Released Cala Group, a U.K. housebuilder, has been signed by Sixth Street Partners and Patron Capital, the Pan-European institutional investor focused on property-backed investments, to acquire the company from Legal & General Group Plc.
People | Sep 19, 2024 GEM Realty Capital hires Michael Chen as head of capital raising by Released Michael Chen has joined GEM Realty Capital as senior managing director, head of capital raising.
Research | Sep 19, 2024 Cushman & Wakefield releases H1 2024 data center market update for Asia Pacific by Released Cushman & Wakefield has released its Asia Pacific Data Centre H1 2024 Update.
Transactions | Sep 19, 2024 Inland Real Estate Income Trust review strategic alternatives by Released Inland Real Estate Income Trust has announced that the board of directors has initiated a process to review strategic alternatives, including the sale of the company.
Investors | Sep 19, 2024 Mitsui Fudosan, GLP Japan to invest $3.5b in cold storage in Japan by Andrea Zander Mitsui Fudosan, logistics firm GLP Japan along with other local companies are planning to invest more than ¥500 billion ($3.53 billion) in cold storage facilities by 2030.
