Transactions | Aug 11, 2023 Core Spaces, Schenk Realty, Kayne Anderson to build largest student housing in Knoxville, Tenn. by Released Core Spaces, Schenk Realty and Kayne Anderson Real Estate (KA Real Estate) have plans to develop Hub Knoxville, a multi-tower student-housing project with nearly 2,000 beds in Knoxville, Tenn.
Investors | Aug 11, 2023 CapitaLand raises fresh capital of $645m for CapitaLand China Opportunistic Partners Program by Released CapitaLand Investment (CLI) has successfully secured about S$1.3 billion ($965 million) equity commitment from global institutional investors for three of its private funds.
Transactions | Aug 11, 2023 NPS completes $368m logistics stake sale by Andrea Zander Heitman, on behalf of National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, has sold off a 50 percent stake in an Australian logistics center fund at A$560 million ($367 million).
Research | Aug 10, 2023 July CPI report shows inflation gauge rose 3.2%, less than expected by Andrea Zander The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in July on a seasonally adjusted basis, the same increase as in June.
Transactions | Aug 10, 2023 NREP acquires majority stake in Polish logistics developer 7R, investing €200m by Andrea Zander Nrep has agreed to acquire an 80 percent stake in 7R.
Transactions | Aug 10, 2023 U.K. REIT acquires Edinburgh shopping center by Released Capital & Regional has entered into an agreement to acquire The Gyle Shopping Centre in Edinburgh.
Transactions | Aug 10, 2023 Equinix expands footprint in Mumbai by Released Equinix has announced an investment of $42 million for its fourth International Business Exchange (IBX) data center in Mumbai.
Transactions | Aug 10, 2023 GLP’s new global data center business breaks ground on its first campus in Tokyo by Released GLP Pte Ltd. has broken ground on Tokyo West 1 (TKW1), its first three-building data center campus totaling 31 megawatts of IT load in West Tokyo, Japan.
Research | Aug 10, 2023 JLL experts explain the growing A.I. in Northern California by Andrea Zander Artificial Intelligence firms have a growing footprint from San Francisco to Silicon Valley and the East Bay, reports JLL. If AI companies in the U.S. maintain their compound annual growth rate since 2010, they will occupy roughly 10 million square feet nationwide by the end of 2023.
Fundraising | Aug 10, 2023 CapitaLand Investment launches new business park development fund in India by Andrea Zander CapitaLand Investment Limited (CLI) has launched a business park development fund, CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of S$525 million ($390 million) to invest in class A business parks in prime locations across gateway cities in India.Â
Transactions | Aug 10, 2023 M&G acquires €98m residential development on Bilbao’s Zorrotzaurre Island by Released M&G Real Estate has made a €98 million forward funding commitment to a 29,000 square meters (312,000 square feet) residential development on Bilbao’s sought-after Zorrotzaurre Island on behalf of its European Living Property Fund.
People | Aug 10, 2023 Savills IM appoints Kevin Aitchison to the new role of managing director – equity investments UK and Europe by Released Savills Investment Management has appointed Kevin Aitchison to the new role of managing director – equity investments United Kingdom and Europe.
Transactions | Aug 10, 2023 Qatar Investment Authority JV to develop industrial park near Washington, D.C. by Andrea Zander A tri-party joint venture of PCCP, Qatar Investment Authority, and a co-general partnership between Turnbridge Equities and Manekin announced the development of National Capital Business Park.
Transactions | Aug 9, 2023 GIC, ADIA reportedly in talks for $4.5b India deal with Blackstone by Andrea Zander Sovereign wealth funds including Singapore’s GIC and Abu Dhabi Investment Authority (ADIA) along with two Canada-based pension funds are in talks to acquire Blackstone Group’s 50 percent stake in two separate commercial portfolios.
Transactions | Aug 9, 2023 Slate Asset Management buys €1b grocery-anchored real estate portfolio of x+bricks Group by Andrea Zander Slate Asset Management has entered into an agreement to acquire the grocery-anchored retail property portfolio of x+bricks Group.
Research | Aug 9, 2023 Global real estate market size fell to $13.3t by Andrea Zander The size of the professionally managed global real estate investment market decreased by 4.1 percent to $13.3 trillion in 2022 from $13.9 trillion in 2021, according to MSCI.
Transactions | Aug 9, 2023 RREAF Holdings announces expansion into outdoor living platform by Released RREAF Holdings announced the launch of its fifth platform: Outdoor Living.
Research | Aug 9, 2023 66% of leaders would leave firms if required to work in the office full time by Released A survey revealed that for both men and women, workplace arrangements are top of mind, according to Deloitte in its Cultivating employee engagement in financial services report.
Transactions | Aug 9, 2023 Bridge Investment Group buys Boston-area workforce and affordable housing portfolio by Released A fund managed by Bridge Multifamily Fund Manager has closed on the acquisition of a six-property portfolio of workforce and affordable housing properties in the Greater Boston area.
Transactions | Aug 9, 2023 Affinius Capital originates $85m loan for 814,000sf industrial facility in Virginia by Released Affinius Capital, formerly Square Mile Capital Management and USAA Real Estate, has originated an $85 million loan to facilitate the acquisition of an 814,000-square-foot industrial warehouse located in the Hampton Roads region of Virginia.
