Transactions | Jul 18, 2023 GI Partners buys majority interest in hyperscale data center portfolio from Digital Realty Trust by Released GI Partners has announced the acquisition of a 65 percent interest in the ownership of two hyperscale data centers in Elk Grove Village, Ill.
Fundraising | Jul 18, 2023 Hines anticipates exceeding target fundraise for HEVF 3 by Andrea Zander Hines has raised an additional €305 million ($343 million) of equity from institutional investors for the Hines European Value Fund 3 (HEVF 3).
Transactions | Jul 18, 2023 Daiwa enters Australia’s build-to-rent market with A$650m deal at Melbourne Quarter by Andrea Zander Lendlease and Daiwa House Australia, one of Japan’s largest home builder, have formed a partnership in Australia to deliver a build-to-rent apartment development at Melbourne Quarter.
Research | Jul 18, 2023 CBRE report highlights rapid global data center growth despite concerns about power constraints by Released Strong demand for data center capacity and a lack of available power in many key markets globally are keeping vacancies low and pushing rents up despite robust construction activity.
Research | Jul 18, 2023 Office and retail space demand could drop 38% by 2030 by Andrea Zander Office attendance is 30 percent below pre-pandemic norms, and demand for office and retail space could decline by 13 percent to a whopping 38 percent by 2030.
Investors | Jul 18, 2023 Cheyne Capital’s Impact Real Estate Strategy secures backing from two new LGPs by Released Greater Manchester Pension Fund and South Yorkshire Pensions Authority have joined the London Borough of Newham.
Transactions | Jul 18, 2023 DRA Advisors secures $103m in fixed-rate financing for 35-asset industrial portfolio by Denise Moose DRA Advisors has secured $103 million in fixed-rate financing for a 35-building industrial portfolio.
Investors | Jul 18, 2023 Debunking the myths that surround commercial real estate and ESG by Petter Made, Drooms Several myths have emerged regarding the impact of the shift towards ESG integration on the commercial real estate industry. These misconceptions can affect investment decisions, lead to misunderstandings and hinder progress towards a more sustainable future.
People | Jul 18, 2023 Summit Healthcare REIT names new CEO and CFO by Released Summit Healthcare REIT has promoted Elizabeth Pagliarini to the position of CEO and Sharyn Grant was promoted to the position of CFO.
People | Jul 17, 2023 Eastdil Secured appoints Rob Walters as managing director by Released Rob Walters has joined the Eastdil Secured as managing director.
People | Jul 17, 2023 Julian Carey promoted to CEO of Industrials REIT by Released Julian Carey, current managing director, has been promoted to CEO at Industrials REIT.
Investors | Jul 17, 2023 Pullback by banks leaves void being filled by alternative lenders by Loretta Clodfelter The current sidelining of bank lending to commercial real estate has had a significant impact on the sector.
Research | Jul 17, 2023 Asia Pacific hotel investment cools in the first half 2023 by Andrea Zander Asia Pacific hotel investment volumes declined by 51 percent year-over-year (y-o-y) in the first half of 2023 as macroeconomic challenges and the rising cost of debt influenced capital deployment.
Transactions | Jul 17, 2023 SBB to sell €260m of properties to tenants by Released Swedish property group SBB has signed a letter of intent to sell properties to existing tenants for an agreed property value of more than €260 million ($tk million).
Transactions | Jul 17, 2023 Carmila acquires Galimmo portfolio for €294m by Andrea Zander Carmila has signed an agreement with the controlling shareholders of Galimmo SCA to acquire 93 percent of the company’s capital.
Transactions | Jul 17, 2023 COIMA SGR agrees to €137m in green financing for major Porta Nuova scheme in Milan by Released COIMA SGR has arranged a new financing agreement with Banco BPM, Bayerische Landesbank, Crédit Agricole and ING Bank.
Transactions | Jul 17, 2023 Multi Corp. wins technical property management mandate for Hilton DoubleTree hotel in Lisbon by Released Multi Corp. has won the technical property management mandate for a hotel complex in Lisbon managed under the DoubleTree by Hilton brand and owned by a real estate fund of Commerz Real.
Transactions | Jul 17, 2023 KINGSTONE Real Estate acquires fully let healthcare property in Mölln for German special AIF by Released KINGSTONE Real Estate has acquired a mixed-use healthcare asset in Mölln (Schleswig-Holstein) for their healthcare real estate AIF.
Transactions | Jul 17, 2023 Aware Super, DigitalBridge form partnership to invest in renewable-powered data center by Andrea Zander Aware Super and DigitalBridge Group have formed a partnership that will see Aware Super make a significant investment in Switch, a 100 percent renewable-powered data center platform, which a DigitalBridge-managed investment entity acquired last year.
People | Jul 17, 2023 Lennar co-CEO Rick Beckwitt to retire by Released Rick Beckwitt has decided to retire as a co-CEO and co-president at Lennar Corp.
