Research | Nov 6, 2024 RBA in no rush to cut interest rates by Jennifer Molloy The Reserve Bank of Australia kept interest rates at 4.35 percent at its November meeting, given the RBA board still sees the Australian economy as “running beyond its capacity,” notes Oxford Economics, with the RBA stating that “underlying inflation remains too high.”
Investors | Nov 6, 2024 New Mexico State Investment Council commits $300m to latest Fairfield multifamily funds by Elise Mackanych The New Mexico State Investment Council (NMSIC) has committed $200 million to Fairfield U.S. Multifamily Value-Add Fund IV, a vehicle of Fairfield Residential.
Transactions | Nov 6, 2024 Indiana Public Retirement System announces $15m for KKR co-investment real estate fund by Kali Persall The Indiana Public Retirement System (INPRS) has invested $15 million in KKR Project Campus, a co-investment opportunity made alongside existing manager KKR on behalf of its real assets mandate.
Transactions | Nov 6, 2024 ActivumSG acquires hotel-led asset in Greater London by Denise Moose ActivumSG, on behalf of ActivumSG Fund VII, working with Global Hospitality Investment Group, announced the acquisition of Sutton Point, a hotel-led mixed-use asset in Greater London, for £21 million ($27 million).
Transactions | Nov 6, 2024 Cain, Menora expand partnership with strategic investment in U.K. student accommodation strategy by Denise Moose Cain International, the alternative asset manager specializing in real estate investment solutions, and Menora Mivtachim have announced the expansion of their strategic partnership, which will see Menora commit follow-on capital to accelerate the growth of Cain’s purpose-built student accommodation (PBSA) equity platform in the United Kingdom.
Research | Nov 6, 2024 REITs fall 3% in October, but remain up 10% YTD by Loretta Clodfelter REITs fell in October, with the FTSE Nareit Equity REITs Index recording a decline of 2.9 percent.
Transactions | Nov 5, 2024 W. P. Carey announces sale-leaseback of 123 Convenience retail stores in Poland by Denise Moose W.P. Carey announced the sale-leaseback of 123 retail stores in Poland.
Transactions | Nov 5, 2024 Alterra IOS, J.P. Morgan Asset Management announce sale of 51-property IOS portfolio by Denise Moose Alterra IOS announced the sale of a 51-property portfolio to Peakstone Realty Trust in an off-market transaction valued at $490 million.
People | Nov 5, 2024 CBRE IM appoints portfolio manager for its European logistics strategy by Released CBRE Investment Management (CBRE IM) announced the appointment of Alina Iorgulescu as portfolio manager for its Europe logistics strategy.
Transactions | Nov 5, 2024 CapitaLand Investment raises S$261 million from Mitsui O.S.K. Lines for its Southeast Asia, India funds by Kali Persall CapitaLand Investment (CLI) has secured S$261 million ($198 million) of capital commitment from a new Japanese capital partner, Mitsui O.S.K. Lines (MOL), for its private funds in Southeast Asia and India.
Transactions | Nov 5, 2024 Mitsui Fudosan Logistics Park REIT announces merger with ADL by Kali Persall Japan’s Mitsui Fudosan Logistics Park (MFLP-REIT) has conducted an absorption-type merger with Advance Logistics Investment (ADL), a J-REIT specializing in logistics and sponsored by ITOCHU, to create a $3.8 billion industrial trust.
Transactions | Nov 5, 2024 Greykite, Gatehouse launch $973m U.K. SFR JV by Denise Moose GREYKITE European Real Estate Fund I and Gatehouse Investment Management have formed a joint venture to invest in purpose-built single-family rental (SFR) homes across the United Kingdom and have acquired an initial seed portfolio across 11 sites, in the Midlands, Yorkshire and the North East, from leading housebuilder Persimmon Homes.
People | Nov 5, 2024 Brunel Pension Partnership CIO to depart in 2025 by Kali Persall David Vickers, CIO at Brunel Pension Partnership, will be leaving in spring 2025 after four years in the role.
Transactions | Nov 4, 2024 CDL and Lianfa Group acquire mixed-use development site in downtown Shanghai for $1.25b by Kali Persall Singapore real estate company City Developments Ltd. (CDL), through its wholly owned subsidiary Chenghong (Shanghai) Investment Co., and People’s Republic of China partner Lianfa Group have secured the tender for a rare mixed-use development site in downtown Shanghai for RMB 8.94 billion ($1.25 billion).
People | Nov 4, 2024 Chua Hsien Yang to become CEO of Keppel REIT Management in January by Kali Persall Chua Hsien Yang will be appointed CEO of Keppel REIT Management effective Jan. 1, 2025, as part of Keppel’s succession planning and regular rotation of leadership roles.
Investors | Nov 4, 2024 State of Wisconsin Investment Board commits $321m to five investment programs by Elise Mackanych The State of Wisconsin Investment Board (SWIB) has reportedly committed $321 million total to five investment vehicles, according to news reports tracked by the IREI.Q database: FPA Core Plus Fund VI, Lone Star Real Estate Fund VII, Heitman U.S. Closed-End Debt Fund III, Realterm Airport Logistics Properties and RLIF Co-Investment Fund II.
People | Nov 4, 2024 Clarion Partners Europe appoints former Bouwinvest director Jasper Petit as chief strategy officer by Released Clarion Partners Europe, the real estate investment fund manager specializing in European logistics and industrial assets, has appointed Jasper Petit to the newly created role of chief strategy officer, effective immediately.
Transactions | Nov 4, 2024 Union Investment sells office building in Hamburg by Released Union Investment has sold an office building in Hamburg's old town to the property company Terrania.
Transactions | Nov 4, 2024 M&G Real Estate acquires majority stake in value-added real estate fund manager, BauMont by Released M&G Real Estate announced it has acquired a 65 percent stake in BauMont Real Estate Capital Limited (BauMont) – a leading European real estate fund manager specializing in value-add investment strategies in Western Europe.
Research | Nov 1, 2024 U.S. adds only 12,000 jobs in October amid storms, strikes by Loretta Clodfelter U.S. nonfarm payroll employment increased by 12,000 jobs in October, according to the Bureau of Labor Statistics, and the unemployment rate was unchanged at 4.1 percent.
