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.
Investors | Mar 2, 2023 U.S. firm partners with Embassy Group to develop senior living communities in India by Andrea Zander Columbia Pacific Communities and Embassy Group have launched Serene Amara by Columbia Pacific at Embassy Springs.
Transactions | Mar 2, 2023 Hines acquires first cold storage property in Queensland, Australia by Andrea Zander Hines Asia Property Partners (HAPP), Hines’s flagship commingled Asia Pacific core-plus fund, has expanded into the cold storage sector with an acquisition in Queensland, Australia. The deal marks the second acquisition by HAPP in Queensland and the seventh industrial and logistics asset acquired by the fund in Australia.
Transactions | Mar 2, 2023 EQT Corp. buys $3b digital infrastructure property owner by Andrea Zander EQT Active Core Infrastructure Fund, managed by EQT, and Canada’s Public Sector Pension Investment Board have plans to acquire Radius Global Infrastructure in a transaction valued at a total enterprise value of approximately $3 billion.
Research | Mar 2, 2023 Global hotel construction pipeline hints of slowly trending upward by Denise Moose Lodging Econometrics (LE) has released its fourth quarter 2022 Global Construction Pipeline Trend Report.
People | Mar 2, 2023 Real I.S. Australia Pty hires George Koumoukelis as new capital transaction manager by Released Real I.S. Australia Pty Ltd. has named George Koumoukelis as new capital transaction manager.
Research | Mar 1, 2023 European logistics market remains resilient by Released The logistics market in Europe proved resilient in 2022 despite a difficult political and economic environment.
Transactions | Mar 1, 2023 Invesco JV sells new cold storage facilities in Texas by Released Cold Creek Solutions in partnership with Invesco Real Estate, has developed and sold two, new, state-of-the-art fully convertible cold storage facilities.
Fundraising | Mar 1, 2023 British Land backs $30m Social Impact Fund by Kali Persall British Land is committing to a £25 million ($30 million) Social Impact Fund by 2023.
Transactions | Mar 1, 2023 NASCAR speedway land sells for $543m for industrial development by Andrea Zander NASCAR has sold land surrounding the Auto Club Speedway in Fontana, San Bernardino County, Calif.
Investors | Mar 1, 2023 New Mexico SIC votes to commit $100m to opportunistic AEW fund by Kali Persall The New Mexico State Investment Council (SIC) has approved a commitment of up to $100 million to AEW Partners Real Estate Fund X.
Transactions | Mar 1, 2023 $250m mixed-use project to transform two Kansas City, Mo., school campuses by Andrea Zander Co-developers Brain Group and Mercier Street have plans to convert the former Westport Middle and Westport High School campuses in Kansas City, Mo., into Park 39, a $250 million mixed-use development.
Research | Mar 1, 2023 Broad-based spending gains backstop retail sector’s favorable outlook by Andrea Zander All brick-and-mortar categories record monthly increases, according to Marcus & Millichap.
Research | Mar 1, 2023 Global demand for high-quality office space keeps prime rents stable by Released Global prime office rents generally remained stable in fourth quarter 2022, according to CBRE.
