Transactions | Dec 23, 2022 CBRE Investment Management acquires affordable residential asset in Madrid by Released CBRE Investment Management (CBRE IM), on behalf of a fund it sponsors, has acquired a new affordable residential asset in Madrid.
People | Dec 23, 2022 Europa Capital appoints Gwendal Kalkofen as head of real estate finance by Released Europa Capital, the pan-European real estate investment manager, has appointed Gwendal Kalkofen to the newly created role of head of real estate finance, reflecting the growth ambitions and increasing scale of Europa Capital’s pan-European investment platform.
Fundraising | Dec 22, 2022 Achmea Dutch Health Care Property Fund captures €100m commitment by Kali Persall The Achmea Dutch Health Care Property Fund (ADHCPF) has secured a €100 million ($106 million) commitment from Coöperatie DELA, a funeral services insurer in the Netherlands, IREI has learned.
Fundraising | Dec 22, 2022 DIC Asset AG launches open-ended institutional fund with a volume of €350m by Kali Persall DIC Asset AG, a German firm specializing in office and logistics real estate, has launched the first institutional fund of its subsidiary, VIB Vermögen AG.
Transactions | Dec 22, 2022 CBRE Investment Management fund acquires logistics asset in Dallas–Fort Worth Metroplex by Released A fund in the CBRE Strategic Partners U.S. series has acquired Westside 35, a newly constructed 540,000-square-foot, two-building logistics asset in the Dallas–Fort Worth Metroplex. The asset was 100 percent pre-leased to three tenants.
Transactions | Dec 22, 2022 Crow Holdings, Broad Street JV sells prime Downtown Manhattan apartment property for $115m by Released Broad Street Development and a real estate fund advised by Crow Holdings Capital have sold 298 Mulberry St., N.Y.
Transactions | Dec 22, 2022 Keppel enters China’s senior living market with first assisted-living community in Nanjing City by Andrea Zander Keppel Land Limi has entered into an agreement to acquire a new senior living facility with a total floor area of 19,846 square meters (213,621 square feet) in Qixia District, Nanjing, from China Overseas Land & Investment.
Transactions | Dec 22, 2022 Harrison St. enters PPP with Duquesne University to build 556-bed student apartment building by Andrea Zander Duquesne University, in a public-private partnership with Harrison Street and Radnor Property Group, a developer specializing in public-private partnerships and multifamily housing, have plans to build a new 556-bed student apartment building on the university’s campus in Pittsburgh.
Transactions | Dec 22, 2022 Franklin Real Asset Advisors completes transaction for multi-speciality healthcare centre in Padua, Italy by Released Franklin Real Asset Advisors has entered into a sale and leaseback transaction for an 8,200-square-meter (882,640-square-foot) multi-specialty healthcare center in Padua, Italy.
Research | Dec 22, 2022 PGIM Real Estate – Macro stabilization to benefit real estate by Andrea Zander REITs are a source of compelling buying opportunities, according to PGIM Real Estate.
Transactions | Dec 22, 2022 Union Investment, GARBE acquire logistics real estate portfolio in Italy by Released Union Investment and GARBE Industrial Real Estate GmbH jointly have acquired a portfolio consisting of two new logistics buildings with a combined effective floor area of about 137,600 square meters (1.5 million square feet) in Italy from HEVF 2 Italy A fund invested by Hines.
Transactions | Dec 22, 2022 Transwestern to break ground on 333-unit multifamily community in Tempe, Ariz. by Released Transwestern Development Co. (TDC) has broken ground on its 333-unit multifamily community at Tempe’s Novus Innovation Corridor on the Arizona State University Tempe campus.
People | Dec 22, 2022 CapMan Real Estate promotes Thomas Laakso as partner, fund director for hotels fund by Released CapMan Real Estate has promoted Thomas Laakso as partner and fund director for the hotels fund.
Research | Dec 21, 2022 Grocery-anchored real estate continues to be attractive for investors with consumers’ spending by Andrea Zander Grocery-anchored real estate is typically a very safe bet for investors, known as essential real estate, especially since COVID.
Research | Dec 21, 2022 Cross-generational attitudes to transform the built environment, says CBRE by Andrea Zander CBRE has released a new report that identifies the cross-generational attitudes that will transform the built environment.
Transactions | Dec 21, 2022 CK Asset pays $1b for second Hong Kong residential site by Andrea Zander CK Asset Holdings has paid $1 billion for a residential development site in Hong Kong’s Kai Tak area, according to a Wednesday announcement.
Fundraising | Dec 21, 2022 GLP-backed Monoful Venture Partners holds $96m first close by Andrea Zander Monoful Venture Partners (MVP), a wholly owned subsidiary of GLP, has completed the first close of its maiden fund Monoful Venture Partners I (MVP I) with 12.9 billion yen ($96 million) in commitments. MVP is the venture capital arm of GLP that invests in growth-stage startups in the logistics and real estate ecosystem in Japan.
Investors | Dec 21, 2022 Expect writedowns for U.S. real estate by Jennifer Molloy A recent virtual roundtable with institutional investors, consultants and investment managers held by Institutional Real Estate, Inc. tackled the property market implications of a U.S. recession as the Fed raises interest rates to tame inflation. The in-depth discussion was moderated by Reno Sio, managing director, Asia Pacific, at IREI.
Research | Dec 21, 2022 Growth in construction activity expected to pick up in 2023 by Andrea Zander Growth in construction activity is expected to pick up in 2023, despite the specter of recession in many advanced economies.
Transactions | Dec 21, 2022 Canary Wharf Group and Kadans Science Partner plans to establish 23-storey vertical campus by Released Canary Wharf Group (CWG) and Kadans Science Partner have submitted a planning application for a state-of-the-art commercial health and life sciences building at Canary Wharf, London.
