Transactions | Jul 6, 2022 ESR to upsize development JV in Korea with APG and CPP Investments by up to $1b by Released ESR Group has plans to upsize its second development joint venture ESR-KS II in Korea with APG and Canada Pension Plan Investment Board (CPP Investments).
Research | Jul 6, 2022 72% of global businesses forge ahead with expansions despite economic concerns and supply-chain challenges by Andrea Zander Businesses around the world are planning major investments in digital technologies to support ambitious expansion plans following lessons learned from the pandemic.
People | Jul 6, 2022 STAG Industrial appoints new CEO by Released STAG Industrial has appointed William Crooker to the role of CEO, in addition to his current role as president, and further appointed Crooker to the board.
Investors | Jul 6, 2022 Indiana Public Retirement System commits $100m to the multifamily sector by Kali Persall The Indiana Public Retirement System (INPRS) has committed $100 million to Abacus Multi-Family Partners VI, a value-add investment vehicle managed by Abacus Capital Group.
People | Jul 6, 2022 EG announces promotions by Jennifer Molloy Roger Parker and Chris Pak have been promoted to joint managing directors with EG Funds Management.
Transactions | Jul 6, 2022 First multi-story logistics facility on the East Coast sells to CBRE Investment Management by Kali Persall DH Property Holdings, a developer of urban infill industrial logistics facilities, and Goldman Sachs Asset Management’s real estate business have sold their stake in a three-story, 400,000-square-foot logistics facility in Red Hook, Brooklyn.
Investors | Jul 5, 2022 Hines, Ivanhoé Cambridge forms multifamily JV in Brazil by Released Ivanhoé Cambridge and Hines have formed a new joint venture to develop, own, and operate best-in-class multifamily buildings in São Paulo, Brazil.
Transactions | Jul 5, 2022 Faropoint sells portfolio of 109 institutional-quality last-mile warehouses for $481m by Andrea Zander Faropoint has sold 109 institutional-quality, last-mile logistics buildings to a private buyer for $481 million.
Transactions | Jul 5, 2022 Chancerygate, Credit Suisse and Hines JV forward sells Dagenham urban logistics development by Released A joint venture between urban logistics developer Chancerygate, a fund managed by Credit Suisse Asset Management and global real estate firm Hines has forward-sold a 172,000-square-foot urban logistics development in Dagenham to a fund managed by BlackRock for an undisclosed sum.
Investors | Jul 5, 2022 New Mexico SIC slates $100m for EQT Exeter Industrial Value Fund VI by Kali Persall New Mexico State Investment Council (NMSIC) has approved a commitment of up to $100 million to EQT Exeter Industrial Value Fund VI (EIVF VI).
Fundraising | Jul 5, 2022 Nuveen Real Estate secures $100m for Japan Alternatives Living strategy by Kali Persall Nuveen Real Estate has raised $100 million in an initial first close of its Japan Alternatives Living strategy.
Transactions | Jul 5, 2022 Mercatus Strategic Investment sells Income at Raffles in Singapore CBD by Andrea Zander Mercatus Strategic Investment Management LLP, the fund manager of NTUC Income, has sold its 100 percent interest in Income at Raffles.
People | Jul 5, 2022 Staffan Hansén takes up CEO role at AP3 by Kali Persall The Third Swedish National Pension Fund (AP3) has appointed Staffan Hansén as its new CEO.
Transactions | Jul 5, 2022 ESR recaps $750m balance sheet portfolio in China by Andrea Zander ESR Group has entered into an agreement with a leading global institutional investor to recap an 871,000-square-meter (9.4-million-square-foot) prime logistics and industrial portfolio from ESR’s balance sheet.
Avanti Residential pays $181m for newly built luxury 360-unit apartment community by Released Avanti Residential has acquired Soleste Grand Central.
Transactions | Jul 5, 2022 BentallGreenOak, Mission Street JV plan to deliver one of the largest R&D and innovation hubs in the region by Released Mission Street and BentallGreenOak announced the acquisition of 1 Temple Way in central Bristol with plans to deliver the largest commercial science scheme in the South-West.
Investors | Jul 5, 2022 UBS Asset Management and Reef Group announce joint venture to develop one of Europe’s largest life science campuses by Andrea Zander UBS Asset Management’s Real Estate & Private Markets and Reef Group have formed a joint venture as the investor and co-developer for a major campus for life science businesses in Stevenage, Hertfordshire.
Transactions | Jul 5, 2022 $157.8m sale of industrial portfolio in Florida, Georgia and Texas closes by Released Summit Real Estate Group has sold the $157.8 million sale of a five-property industrial portfolio consisting of 12 buildings located in Georgia, Florida and Texas. The portfolio totals 1.27 million square feet.
Transactions | Jul 5, 2022 The Ascott acquires Oakwood Worldwide by Released CapitaLand Investment Limited's (CLI) wholly owned lodging business unit, The Ascott Limited, has acquired Oakwood Worldwide, a premier global serviced apartment provider, from Mapletree Investments Pte Ltd.
