Investors | Oct 28, 2022 Montana Board of Investments to increase real estate allocation by Kali Persall The $1.4 billion Montana Board of Investments (MBI) is mulling several asset-allocation changes.
Research | Oct 28, 2022 U.S. industrial reporter: Highest annual rent increase on record; development pipeline reaches historic high by Andrea Zander Demand for space in the United States industrial market is slowly moving toward normalization after two years of frenzied imbalance, with emphasis on “slowly,” according to Newmark's Third Quarter Industrial Market Report.
Transactions | Oct 28, 2022 Keppel REIT enters Tokyo office market by Andrea Zander Keppel REIT Management has plans to acquire an effective interest of 98.47 percent in Ginza 2-chome.
Transactions | Oct 28, 2022 Seoul’s Jongno Tower sells for $326m by Andrea Zander KB Asset Management has sold Jognno Tower, Seoul, for KRW621.5 billion ($437.6 million) to SK REITs.
Research | Oct 28, 2022 Asia Pacific investment volumes soften for third consecutive quarter by Andrea Zander Limited deals in major markets and the continued currency depreciation in Asia Pacific are weighing on investment activity, which fell 29 percent year-on-year to $28 billion in the third quarter, data from JLL’s latest Capital Tracker shows.
Transactions | Oct 28, 2022 Keppel and Shell to jointly study feasibility of a low carbon energy hub and microgrid system by Released Keppel Data Centres Holding Pte Ltd. (Keppel Data Centres) and Shell Eastern Petroleum (Pte) Ltd (Shell) have signed a memorandum of understanding (MOU) to jointly study the feasibility of developing a low carbon energy hub and microgrid system in Singapore.
Research | Oct 28, 2022 Annual ULI, PwC report finds certain pandemic-related structural changes can endure while property markets are ‘normalizing’ by Released The Urban Land Institute (ULI) and PwC US today released Emerging Trends in Real Estate® 2023, an annual report highlighting the trends shaping the real estate industry.
Research | Oct 28, 2022 Grocery stores still seeing visits above pre-pandemic levels by Andrea Zander Grocery visits have come down from their pandemic peaks, but weekly foot traffic to the category remained elevated relative to 2019 – at least during the first half of third quarter 2022, according to data by Placer.ai.
Transactions | Oct 28, 2022 Two multi-housing communities in the Atlanta MSA trade for $257m by Released HHHunt has paid $257.54 million for Abberly Skye and Abberly Onyx, both five-story, wrap-style apartment communities located within the Atlanta MSA in Decatur, Ga.
Investors | Oct 28, 2022 University of Michigan records positive gains for long-term investment portfolio by Kali Persall The University of Michigan’s long-term investment portfolio, which consists mostly of the university’s endowment, grew 2.2 percent in the last fiscal year, according to a recent report.
Investors | Oct 27, 2022 OP&F posts positive net returns for real assets in second quarter 2022 by Kali Persall The $16.7 billion Ohio Police & Fire Pension Fund (OP&F) has posted a 0.9 percent net return for its real assets portfolio — which includes infrastructure — in second quarter 2022, and a net return of 11.1 percent for the year ending June 30, according to a performance review by The Townsend Group.
Investors | Oct 27, 2022 Ivanhoé Cambridge invests in Scape Australia by Andrea Zander Ivanhoe Cambridge has plans to invest $1 billion in student housing operator Scape’s main fund, Scape Core Program.
Investors | Oct 27, 2022 GIC invests in Australian residential fund by Andrea Zander Singapore’s GIC has plans to invest A$400 million ($259 million) in luxury developer GurnerTM’s Australia build-to-sell fund.
Transactions | Oct 27, 2022 BNP Paribas REIM acquires mixed-use asset in Germany for its EIPF fund in off-market deal by Released BNP Paribas Real Estate Investment Management Germany recently acquired a mixed-use property in Leipzig, Germany, for its European Impact Property Fund (EIPF).
Investors | Oct 27, 2022 APG, CLI acquire Extra Space Asia by Andrea Zander A consortium comprising APG Investments Asia Ltd. (the regional investment manager for the largest pension provider in the Netherlands, with AUM in excess of €553 billion [$556.7 billion]), and CapitaLand Investment (CLI), has acquired Extra Space Asia (ESA), a self-storage owner-operator in Asia.
Transactions | Oct 27, 2022 PineBridge Benson Elliot acquires controlling stake in Spain’s second-largest self-storage operator by Released PineBridge Benson Elliot, a U.K.-based specialist pan-European real estate fund manager, has acquired a controlling stake in Necesito un trastero SL, the second-largest self-storage operator in Spain.
Research | Oct 27, 2022 European logistics supply drops to lowest level by Andrea Zander The latest research from CBRE shows the supply of European logistics space has dropped to a new low, with average vacancy rates across the region sitting just under 2.3 percent, a decrease of 50 basis points year-on-year.
Transactions | Oct 27, 2022 U.S. firm enters French logistics market, acquires 15-property portfolio by Released U.S. real estate investment manager Realterm has acquired a 15-property logistics portfolio in France.
Fundraising | Oct 27, 2022 Transwestern Investment Group completes its largest fundraise to date by Kali Persall Transwestern Investment Group (TIG), a real estate investment adviser with $7.3 billion of assets under management, has raised $325 million of commitments for its Transwestern Strategic Partners Fund III (TSP Fund III) — the firm’s largest fundraise to date.
Investors | Oct 27, 2022 Illinois Teachers' Retirement System invests $300m in Starwood Capital Group by Kali Persall The Teachers' Retirement System of the State of Illinois (ITRS) has unveiled a commitment of up to $300 million.
