Research | May 17, 2023 Funding gap to emerge in Asia Pacific by Jennifer Molloy There is currently $177 billion of outstanding senior commercial real estate debt in Asia Pacific, with a funding gap of $5.8 billion set to appear in markets between 2023 and 2025, according to a May 2023 report from CBRE.
Investors | May 17, 2023 GTIS Partners announces land acquisition for new industrial development in Houston by Denise Moose GTIS Partners announced the acquisition of a 26-acre land site to develop a 484,000-square-foot industrial project in the Houston Metropolitan Statistical Area.
Research | May 17, 2023 Four areas that will benefit from Asia’s re-opening by Jennifer Molloy Four areas are set to benefit from Asia’s reopening and growth story, notes Schroders’ May 2023 Talking Point piece titled, Asia’s economic recovery: What are the investment themes to watch?
People | May 16, 2023 CBRE IM promotes Dominic Smith to U.K. head of research by Released CBRE Investment Management has promoted Dominic Smith to U.K. head of research.
Transactions | May 16, 2023 CapitaLand Ascendas REIT Management eyes R&D facility in Singapore by Kali Persall CapitaLand Ascendas REIT Management is planning to acquire The Shugart, an integrated high-specification research and development (R&D) facility and business park property in Singapore
People | May 16, 2023 Legal & General Capital appoints Karen Bashford as COO by Kali Persall Legal & General Capital (LGC) has appointed Karen Bashford to COO, starting in July.
Transactions | May 16, 2023 Macquarie snaps up two logistics facilities in the Netherlands by Kali Persall Macquarie Asset Management has acquired two logistics facilities in the Netherlands on behalf of the Macquarie European Logistics Real Estate Fund.
Investors | May 16, 2023 CTP plans €600m capital injection to grow warehouse portfolio in Germany, Poland by Kali Persall CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross leasable area, is planning to invest €600 million ($658 million) in the coming years to grow its warehouse portfolio in Germany and Poland.
Transactions | May 16, 2023 Peloton Real Estate, Moorfield Group JV acquires 37-acre open storage portfolio by Kali Persall A joint venture consisting of Peloton Real Estate and Moorfield Group, the U.K.-focused real estate investment manager, has acquired an open-storage portfolio consisting of four sites in Newport, Peterborough, Preston and Tewkesbury.
Transactions | May 16, 2023 Becken acquires Berlin shopping center from Credit Suisse Asset Management by Kali Persall Becken, a specialist for the development and revitalization as well as asset, sale and investment management of commercial and residential real estate, has acquired RingCenter III, a shopping center in Berlin.
People | May 16, 2023 Jamie Younger joins PfP Capital as fund manager of Picture Living by Kali Persall PfP Capital has appointed Jamie Younger as fund manager for its £330 million ($416 million) Picture Living platform, PfP’s regional private rented sector strategy.
Transactions | May 16, 2023 Harrison Street and Core Spaces to construct PBSA facility near U of A by Kali Persall Harrison Street and Core Spaces, a residential real estate developer, owner and operator, have acquired land in Tucson, Ariz., for the construction of Hub Tucson V.
Transactions | May 16, 2023 AP7, AMF form JV for Stockholm Urban Escape project by Kali Persall Sweden’s AP7 pension fund and the occupational pensions company AMF have formed a joint venture to take ownership of the Urban Escape city block in central Stockholm.
Investors | May 16, 2023 Opportunities for investment in the IOS sector by Loretta Clodfelter Industrial outdoor storage, or IOS, is a small but growing segment of the commercial real estate market that is receiving increased attention from institutional investors.
Transactions | May 15, 2023 PowerHouse Data Centers secures lease with CyrusOne for new Northern Virginia data center by Kali Persall PowerHouse Data Centers, a joint venture between American Real Estate Partners and Harrison Street, has secured a 30-year lease agreement with CyrusOne for the ABX-1 data center, located in Ashburn, Va.
Investors | May 15, 2023 Radisson Hotel Group opens new boutique hotel in France by Kali Persall Radisson Hotel Group is opening its first Radisson Individuals property in France’s Normandy region.
Fundraising | May 15, 2023 Avenue One announces $100m strategic funding round by Kali Persall Avenue One, a property technology service platform and marketplace for institutional owners, buyers and sellers of residential homes, has announced a strategic funding round of $100 million, led by WestCap with participation from MetLife Investment Management and other leading investors.
International Industrial Properties sells German logistics property by Kali Persall International Industrial Properties (IIProp), a U.K. logistics platform owned by Madison International Realty and Griffin Capital Partners, has sold a logistics property in Germany for an undisclosed amount.
Investors | May 15, 2023 Hines, JPMorgan Chase to deliver flexible workspace platform in Washington, D.C. by Released Hines, along with JPMorgan Chase, has announced that The Square, Hines’ flexible workspace platform, will open at the Bowen Building, in Washington, D.C., this fall.
Investors | May 15, 2023 Partners Group, Citivale launch Greenbox, debut U.K. warehouse scheme by Kali Persall Partners Group and Citivale, a regionally based asset manager, developer and operating partner for commercial property across the United Kingdom, have launched a joint venture and debuted a £100 million ($124 million) warehouse project.
