Investors | May 1, 2023 Blackstone-backed Nexus Select Trust to launch first retail REIT offering in India by Kali Persall Blackstone-backed Nexus Select Trust has plans to launch India’s first retail REIT offering in India on May 9, according to reports.
Research | May 1, 2023 European hotel transactions see 18% decline in 2022 by Released Hotel transactions across Europe failed to show the recovery expected during 2022 as confidence was hit by the Russian invasion of Ukraine, which fueled huge increases in energy and food costs, a rise in overall inflation and higher interest rates.
Fundraising | May 1, 2023 Partners Capital launches 5th value-add commercial real estate fund by Kali Persall Partners Capital, the investment platform of Partners Real Estate, has launched its fifth commercial real estate investment vehicle for its value-add investment strategy.
Transactions | May 1, 2023 Shimao Group sells grade-A office building in London for $395m by Kali Persall Shimao Group has sold a 303,000-square-foot, grade-A office building in London for £315 million ($396 million), according to Mingtiandi. The buyer was a joint venture consisting of Greycoat and Japan’s Mitsui Fudosan.
Transactions | May 1, 2023 Clearbell Capital redevelops Kodak’s original European headquarters by Released Clearbell Property Partners III, a fund managed by Clearbell Capital, has completed the redevelopment and subsequent refinancing of The Kodak, 65 Kingsway in London.
Transactions | May 1, 2023 Railpen acquires Coral Park Trading Estate in England by Kali Persall Railpen, one of the largest pension managers in the United Kingdom, has acquired Coral Park Trading Estate in Cambridge, England, for an undisclosed amount.
Investors | May 1, 2023 NYSTRS commits $200m to Artemis, Cabot Partners real estate funds by Kali Persall The New York State Teachers’ Retirement System (NYSTRS) announced renewed commitments to two real estate managers at its April 26 retirement board meeting.
People | May 1, 2023 Knight Frank bolsters shopping center portfolio with new appointment by Kali Persall Ben Hill has been appointed to partner in Knight Frank’s commercial property asset management team in Leeds, England, in a move to bolster the firm’s shopping center portfolio.
Fundraising | May 1, 2023 Oaktree closes private debt fund at €1.2b by Kali Persall Oaktree Capital Management has closed its European Capital Solutions Fund III (ECS III) at €1.2 billion ($1.3 billion), according to reports.
Research | May 1, 2023 AI offers powerful possibilities for real estate investment and management by Loretta Clodfelter Artificial intelligence (AI) is poised to make sweeping changes across industries, and commercial real estate is unlikely to be left out. The opportunities for AI in real estate run the gamut from asset and property management to investment analysis and economic forecasts.
Investors | May 1, 2023 Canada Life provides $185m of financing to LXi REIT by Kali Persall Canada Life Asset Management has provided a £148 million ($185 million) loan to LXi REIT, a real estate investment trust based in London.
Investors | May 1, 2023 Red Oak Capital Holdings provides bridge loan for garden apartment refurbishment by Released Red Oak Capital Holdings has provided a $2.65 million bridge loan for the purchase and refurbishment of a garden apartment community in Washington, D.C.
Transactions | May 1, 2023 SPONSORED: Juniper Square — Technology can help investors efficiently navigate market dislocation by Jennifer Babcock Transactions have been slowing down. Instead of seeing this as a negative, managers can use this time to make sure they have the right technology and are using it effectively.
Five-star quality: Hotel recovery under way despite disruptions by Marek Handzel The hotel sector has undergone major changes post-COVID that have disrupted previous operational norms, but a recovery is under way, and the future could be bright.
Investors | May 1, 2023 SPONSORED: Clarion Partners — Market conditions turn investors to defensive net-lease or sale-leasebacks strategies by Jennifer Babcock Predictable returns driven by income, inflation protection and investment opportunities are some of the reasons to invest in net-lease commercial real estate in Europe right now, according to a report, The case for net lease and sale-leasebacks in Europe, by Clarion PartnerS.
Investors | May 1, 2023 SPONSORED: Principal Asset Management — Value-add and development investment in industrial, multifamily buoyed by ESG focus by Jennifer Babcock Market dislocation and increasing demand is revealing investment opportunities in the industrial sector, while the multifamily market remains a bright spot for institutional real estate investors.
Infrastructure | May 1, 2023 SPONSORED: UBS Asset Management — Infrastructure’s potential to benefit global food security by Jennifer Babcock Climate change and Russia’s war in Ukraine pose threats to the global supply of food and the supply chain that moves food from farmers and producers to consumers.
Investors | May 1, 2023 SPONSORED: PATRIZIA — Higher-octane opportunities emerging in Europe  by Jennifer Babcock Rising rates and an unsettling geopolitical environment may dampen some investors’ expectations from commercial real estate, but value-add opportunities are still drawing investors to certain markets in Europe.
Investors | May 1, 2023 SPONSORED: SC Capital Partners — The living sector in Japan by Jennifer Babcock The living sector in Japan is resilient and diverse, with property types having achieved varying degrees of institutionalization, explain members of SC Capital Partners’ investment team, in an interview published in the May issue of Institutional Real Estate Asia Pacific.
Polish promise: Logistics, light industrial sector highly appealing to occupiers by Marek Handzel Poland’s logistics and light industrial sector offers more affordable access to power, land and labour within easy reach of key European markets, making it highly appealing to occupiers, writes Tom Duncan, head of investment strategy and research at Cromwell Property Group.
