People | Jul 1, 2022 Missouri State Employees announces impending retirement by Kali Persall Ronda Stegmann, executive director of the $9.7 billion Missouri State Employees’ Retirement System (MOSERS), has announced plans to retire in 2023. Stegmann will have 30 years of public service in 2022.
Transactions | Jul 1, 2022 CP Group acquires 47-story Miami Tower in Downtown Miami by Released CP Group has acquired Miami Tower, a 47-story, class A office tower in the heart of downtown Miami, in a joint venture with DRA Advisors.
Transactions | Jul 1, 2022 Straits Trading expands its footprint in the United Kingdom by Andrea Zander Straits Real Estate, a subsidiary of The Straits Trading Co., has plans to acquire a portfolio of office and industrial buildings.
Transactions | Jul 1, 2022 Singapore tower sells for $717m by Andrea Zander Bright Ruby Resources has plans to purchase 16 Collyer Quay, in the zone of Raffles Place, located in the central business district of Singapore, for S$1 billion ($717 million).
Transactions | Jul 1, 2022 HThree City Australia, CDL pays $160m for office tower in Melbourne by Andrea Zander HThree City Australia and co-investor City Developments Limited (CDL) have acquired 330 Collins Street, a freehold commercial office tower in Melbourne, for A$236 million ($160 million) from an AMP Capital separate account.
Research | Jul 1, 2022 It's a tenant's world: In the London office market, quality and location are more important than ever by Jonathan Gilbert and Christopher Wright Recent headlines on the London office market make interesting reading. Pret A Manger, the sandwich-shop chain, reported that its sales returned nearly to pre-pandemic levels in the City and Canary Wharf in March, and commuting reportedly has increased by 20 percent since January.
Transactions | Jul 1, 2022 Columbia Property Trust completes disposition of private real estate investment funds to Cannon Hill Capital Partners by Released Columbia Property Trust has completed the disposition of certain private real estate funds to Cannon Hill Capital Partners.
Transactions | Jul 1, 2022 Cabot Square acquires majority stake in housebuilder Chartway Group by Released Cabot Square Capital has acquired a majority shareholding in Chartway Group, one of Southeast England’s partnerships-based housebuilders.
Investors | Jun 30, 2022 OP&F re-ups in Exeter Industrial Value Fund VI by Kali Persall The $17.4 billion Ohio Police & Fire Pension Fund (OP&F) recently greenlighted a $50 million commitment to the Exeter Industrial Value Fund VI at its June 29 investment committee meeting.
People | Jun 30, 2022 Former Blackstone principal takes up leadership role at King Street by Kali Persall Matt Rafferty has taken up a position at King Street Capital Management.
Transactions | Jun 30, 2022 CBRE Investment Management acquires residential building in Rome’s Talenti District by Released CBRE Investment Management (CBRE IM), on behalf of a fund sponsored by the firm, has bought residential building in Rome’s Talenti district. The seller is a joint venture between Incus Capital and IGS S.p.A.
Research | Jun 30, 2022 Real estate transparency gap widens in favor of leading global markets by Released While many of the world’s leading commercial real estate markets in North America, Western Europe and Australasia are becoming more transparent, most other countries struggle to maintain the pace of transparency improvement.
Fundraising | Jun 30, 2022 EXCLUSIVE — Artemis Healthcare Fund II wraps up fundraising at $1b by Kali Persall Artemis Real Estate Partners has completed a final close of its second healthcare real estate fund, Artemis Healthcare Fund II, with $1 billion of equity commitments, exceeding its target of $750 million.
Fundraising | Jun 30, 2022 Henley brings second U.K. social-housing fund to market by Kali Persall Henley Investment Management has launched its second fund focused on U.K. social housing, Henley Secure Income Property Unit Trust II (SIPUT II).
Transactions | Jun 30, 2022 Oxford Property sells last-mile Amazon distribution facility in Dallas–Fort Worth by Released Oxford Properties has sold a 186,344-square-foot, state-of-the-art, last-mile distribution facility triple-net leased to Amazon in the Dallas–Fort Worth community of Arlington, Texas.
Research | Jun 30, 2022 Momentum continues in U.K. build-to-rent sector with record-breaking H1 investment volumes by Released The U.K. build-to-rent (BTR) sector recorded a total of £1.76 billion (€2.05 billion/$2.14 billion) investment in first half 2022, reflecting an 11 percent increase year-over-year, according to new preliminary data from global real estate adviser CBRE.
Investors | Jun 30, 2022 PIC invests up to €233m in U.K. retirement villages JV with Octopus Real Estate by Released Pension Insurance Corp. plc (PIC), a specialist insurer of defined benefit pension schemes, today announced it is making a commitment to invest up to £200 million (€233 million/$243 million) in equity to fund the development and operation of around 10 new retirement communities across the United Kingdom, in its first investment into the emerging U.K. retirement-living sector.
Transactions | Jun 30, 2022 Hearthstone Investments acquires zero-carbon homes from PSP by Released Hearthstone Investments has purchased a new scheme of zero-carbon houses in Sittingbourne, Kent.
Transactions | Jun 30, 2022 MIM, PGGM pays $235m for four-building creative office campus by Andrea Zander MetLife Investment Management (MIM) and PGGM have paid $235.25 million for Intersect, a four-building creative office campus totaling 453,975 square feet in Irvine, Calif.
Transactions | Jun 30, 2022 Portland Concordia University sold to University of Oregon by Released University of Oregon has acquired Portland Concordia University campus, a 19-acre, 23-building campus that will be transformed into a first-of-its-kind children's mental health center.
