Research | May 12, 2023 Continued housing market slowdown amid rapidly increasing prices by Denise Moose In the first month of second quarter 2023, the housing market had to endure the effects of rate hikes from March’s Federal Reserve meeting, resulting in continued reduced market activity, according to a recent report by HouseCanary titled U.S. Housing Market – State Level Report 55.
Research | May 11, 2023 U.S. self-storage sales volume hits $10b in 2022 by Kali Persall The U.S. self-storage sector saw $10 billion in storage facility sales in 2022, representing an 18.7 percent decrease from the exceptional sales volume in 2021, according to Yardi Matrix data. However, Yardi’s research indicates 2022 levels are still higher than previous years.
Investors | May 11, 2023 Landsec to open three new flexible office brand locations in London by Kali Persall Landsec is opening three new locations for Myo — its flexible office brand — across London. The move will triple the size of Landsec’s flexible office brand to more than 210,000 square feet by the end of the year.
Investors | May 11, 2023 Macquarie-backed UI expands investment activities in Japan, China by Kali Persall Unified Industrial (UI), a Tokyo-based developer and investment manager specializing in logistics and industrial real estate, has expanded its investment activities through three new ventures — two in Japan and one in China.
Investors | May 11, 2023 Opus breaks ground on two-building industrial development in Michigan by Kali Persall The Opus Group has broken ground on a two-building speculative industrial development in Romulus, Mich.
Transactions | May 11, 2023 Generali Real Estate delivers prime logistics asset in France by Kali Persall Generali Real Estate has delivered a prime logistics asset in France to international supply chain solutions provider STERNE, which specializes in premium transport, including time-critical and tailor-made shipping.
People | May 11, 2023 Redevco CEO steps down, abrdn’s Neil Slater to take over in October by Kali Persall Andrew Vaughan is stepping down as CEO at Redevco after more than two decades with the firm, COFRA Holding, Redevco’s shareholder, announced on May 11.
Fundraising | May 11, 2023 Tishman Speyer and Raffles Family Office launch Asia Pacific real estate fund by Kali Persall Tishman Speyer and Raffles Family Office (RFO), a commercial multifamily office in Asia, have joined to launch the Tishman Speyer/Raffles Family Office APAC Opportunity Fund I.
Transactions | May 11, 2023 CBH acquires minority stake in Stoneweg by Kali Persall International private banking group CBH Compagnie Bancaire Helvétique (CBH) has acquired a strategic 16 percent minority stake in Stoneweg, a real estate asset manager and investment advisory group headquartered in Geneva, Switzerland.
People | May 11, 2023 ULI names Ben Collins executive director for the U.K. by Released The Urban Land Institute (ULI) has appointed Ben Collins as executive director for the United Kingdom.
Transactions | May 11, 2023 Major central London development project moves forward by Kali Persall Southwark Homes and developer Sellar have submitted plans for a 444 bedroom purpose-built student accommodation (PBSA) scheme in King’s Place in London, along with 1,850 square meters (19,913 square feet) of flexible office and employment space.
Investors | May 11, 2023 Investor opportunities in the multifamily sector by Jennifer Molloy A virtual roundtable with institutional investors, consultants and investment managers was held by Institutional Real Estate, Inc. on May 3 about current opportunities in the multifamily sector.
Infrastructure | May 10, 2023 LaSalle provides $164m green loan facility to finance Greystar’s student housing project in London by Released LaSalle Investment Management has provided a £130 million ($164 million) fixed-rate green loan facility to finance Greystar’s acquisition and development of a 770-bed student housing asset in Wembley Park, London.
Investors | May 10, 2023 Panattoni to build sustainable last-mile logistics facility in England by Kali Persall Panattoni, the largest logistics real estate developer in the United Kingdom and Europe, has submitted plans for a speculative 80,000-square-foot, last-mile logistics development in Heathrow, England — Panattoni Poyle 80.
Transactions | May 10, 2023 Nuveen acquires Omni, strengthens its foothold in U.S. affordable housing market by Kali Persall Nuveen is acquiring a portfolio of assets from Omni Holding Co., an owner, operator and developer of affordable housing, for an undisclosed amount.
Investors | May 10, 2023 Empira Group launches neighborhood development project for institutional investors by Kali Persall Empira Group has launched a forward-looking investment opportunity for institutional investors in Germany.
People | May 10, 2023 Miguel Zablah joins Leste Group as director, head of investor relations by Released Leste Group has appointed Miguel Zablah as director and head of investor relations. He will be responsible for managing investor communications globally across Leste’s private equity, real estate credit and special situations strategies.
Transactions | May 10, 2023 Genesta acquires high-quality logistics property in southern Sweden by Kali Persall Genesta has agreed to acquire a high-quality logistics property in Jönköping, a city on the shores of Lake Vättern in southern Sweden. Infrahubs sold the asset for an undisclosed amount.
Investors | May 10, 2023 Washington State Investment Board commits $150m to Monarch Capital Partners VI by Kali Persall The Washington State Investment Board (WSIB) has approved a $150 million commitment to Monarch Capital Partners VI, managed by Monarch Alternative Capital.
Investors | May 10, 2023 Grosvenor announces global carbon commitment, growth of property portfolio by Kali Persall Grosvenor has unveiled a new global carbon commitment that will see all its businesses reduce emissions in an effort to limit global warming.
