Transactions | Mar 6, 2023 JLL arranges $310m construction loan for first all-electric life sciences campus in California by Released JLL Capital Markets has arranged a $310 million construction loan for the development of Avia Labs at Millbrae Station.
Transactions | Mar 6, 2023 BNP Paribas REIM acquires SPV’s holding of healthcare portfolio in Belgium from Baltisse Real Estate by Released BNP Paribas Real Estate Investment Management has recently acquired from Baltisse Real Estate nv/sa, all the shares of Wombat nv, Residentie De Vlamme nv, Zorgcampus Maasmechelen nv, Anima Vera nv and De Wandelgang nv, holding five healthcare properties in Flanders, Belgium.
Transactions | Mar 6, 2023 Realty Income announces $1.5b sale leaseback of convenience store properties from EG Group by Andrea Zander Realty Income Corp. has signed a definitive agreement to acquire up to 415 single-tenant convenience store properties located in the United States from EG Group, an independent convenience retailer based in the United Kingdom.
Research | Mar 3, 2023 PRS sector in Poland grew by 40 percent in 2022 by Released According to the latest private rented sector (PRS) market report, compiled by international advisory firm Knight Frank and law firm Dentons, there were more than 10,300 flats for rent in the PRS market at the end of 2022, a 40 percent increase over the year.
Investors | Mar 3, 2023 MassPRIM slates $100m for BentallGreenOak real estate debt fund by Kali Persall The Massachusetts Pension Reserves Investment Management (MassPRIM) has allocated $100 million to the BentallGreenOak U.S. Value-Add Lending Fund, a real estate debt fund, IREI has learned.
Investors | Mar 3, 2023 Texas asks state pension funds to divest from firms ‘boycotting’ fossil fuels by Kali Persall Texas comptroller Glenn Hegar has implored five state pension funds and the permanent school fund to divest holdings from firms that he says are “boycotting” the oil and gas industry.
Transactions | Mar 3, 2023 Emesa, Sacresa to invest €270m in mixed-use project in Barcelona by Andrea Zander Spanish holding company Emesa and developer Sacresa have plans to invest €270 million ($286 million) in a mixed-use project in Esplugues de Llobregat, located in the municipality of Esplugues de Llobregat, next to Barcelona.
Research | Mar 3, 2023 As reliance on digital technology increases, investor demand for data centers rises by Andrea Zander As our dependence on digital technology at work and at home continues to rise, there is a sector of the commercial real estate industry that is benefitting – data centers.
Research | Mar 3, 2023 Consumer preferences continue to evolve in far-reaching ways by Andrea Zander In the first survey of its kind, CBRE polled more than 20,000 people worldwide last year — from baby boomers to Gen Zers — to determine how they will live, work and shop in the future and how this will impact the retail real estate sector.
Research | Mar 3, 2023 San Francisco metro area pandemic recovery among worst in U.S. by Andrea Zander The Bay Area Council Economic Institute, in partnership with commercial real estate services company CBRE and its Tech Insights Center, in its The Regional Economic Recovery Index, a new first-of-its-kind regional tool for tracking the Bay Area’s pandemic recovery against that of other major metropolitan areas across the country. This is the first of three reports that will track and compare the Bay Area’s progress across five key categories: jobs, people, investment, economic activity and affordability.
Transactions | Mar 3, 2023 Thompson Thrift acquires additional 62 acres as part of $550m expansion outside Indianapolis by Released Thompson Thrift, the master developer of Fishers District, has closed on an additional 62 acres of land that will be utilized as part of the $550 million expansion to Fishers District in the Indianapolis suburb of Fishers.
Research | Mar 3, 2023 Looming multifamily oversupply likely will be short-lived by Released CBRE forecasts that delivery of a near-record 716,000 new multifamily housing units over the next two years will push the sector’s overall vacancy rate above equilibrium from 4.6 percent to a peak of 5.2 percent by year-end.
Transactions | Mar 3, 2023 Goodstone Living secures €76.6m for Edinburgh BtR by Released Goodstone Living has agreed to €76.6 million ($81.28 million) of debt financing with Natwest for the development of its next generation build-to-rent residential community in Edinburgh, Scotland.
Transactions | Mar 3, 2023 Union Investment acquires Westfalen Center Dortmund, Germany by Released Union Investment has acquired the Westfalen Center Dortmund, Germany.
Investors | Mar 2, 2023 South Korean pension fund records negative returns amid market tightening by Kali Persall South Korea’s Government Employees Pension Service (GEPS) has posted a –4.4 percent return on investment in 2022, but achieved a double-digit return on its alternative assets.
Research | Mar 2, 2023 Senior housing’s occupied unit tally reaches new record high by Andrea Zander Almost 20 percent fewer units were under way entering 2023 relative to the five-year annual average preceding the pandemic.
Fundraising | Mar 2, 2023 PPHE Hotel Group in talks with cornerstone investor for €250m hospitality real estate fund by Kali Persall PPHE Hotel Group is in advanced talks with a potential cornerstone investor regarding the launch of a new European Hospitality Real Estate Fund of up to €250 million ($267 million) in equity.
Transactions | Mar 2, 2023 Tritax Big Box REIT sells U.K. logistics warehouses to Brookfield and Copley Point Capital by Andrea Zander Tritax Big Box REIT has sold three U.K. logistics warehouses to Brookfield and Copley Point Capital for £125 million (€142 million/$149 million).
People | Mar 2, 2023 Danica Pension to receive new leader in November by Kali Persall Mads Kaagaard, who has served as group CEO at PFA since 2016, will take over as leader of Danica Pension, an entity regulated by the Danish Financial Supervisory Authority, on Nov. 1.
Investors | Mar 2, 2023 Frasers Property forms partnership with Gelex Group for expansion of industrial footprint across North Vietnam by Andrea Zander Frasers Property Vietnam (FPV) has entered a partnership with Vietnam-based multi-sector investment holding company Gelex Group to grow its industrial portfolio and build its presence across North Vietnam, with a total combined investment of approximately $250 million.
