Transactions | Dec 29, 2021 Diversified Healthcare Trust buys partner interest for $378m by Released Diversified Healthcare Trust (DHC) has entered into an agreement with a global institutional investor to acquire an equity interest in DHC’s existing joint venture that owns the two-building life sciences complex located at 11 Fan Pier and 50 Northern Avenue in Boston.
Transactions | Dec 29, 2021 The Howard Hughes Corp.’s $850m NYC project receives approval by Released The Howard Hughes Corp. has received final approval by the City of New York of its planned $850 million 250 Water Street development project at the Seaport in Lower Manhattan, a key component of HHC’s long-term vision for the historic neighborhood.
Investors | Dec 29, 2021 Arkansas Teachers commits $50m to Landmark Real Estate Partners IX by Kali Persall The Arkansas Teacher Retirement System (ATRS) has approved an investment of up to $50 million in Landmark Real Estate Partners IX, according to a meeting document from Dec. 6.
Research | Dec 29, 2021 Trepp report examines parallels between retail and office sectors by Released In a recent report, Trepp has compared the demise of the regional and superregional mall to another commercial real estate asset class, office.
Transactions | Dec 28, 2021 LaSalle’s Encore+ acquires FedEx logistics property in Alfortville, Paris by Released LaSalle Investment Management has acquired FedEx Alfortville, a cross-docking warehouse facility located in a prime urban logistics hub on the outskirts of Paris.
Transactions | Dec 28, 2021 Denver’s historic Union Pacific Building at Coors Field sells for $25m by Released Thermo Union Pacific has sold the historic Union Pacific Building at Coors Field in downtown Denver for $25.5 million.
Research | Dec 28, 2021 Real estate recovery continues across the globe, report finds by Kali Persall As the second half of 2021 wraps up, a new report from Invesco Real Estate reveals that, although the recovery from COVID-19 is occurring at an uneven pace across the globe, capital flows into real estate are recovering quickly.
Transactions | Dec 28, 2021 PATRIZIA invests €101m in prime Helsinki Housing by Released PATRIZIA AG has plans to invest in a 240-unit prime residential tower in Helsinki, Finland.
Transactions | Dec 28, 2021 Redevco exchanges contracts to buy Templars Square in Oxford by Released Cushman & Wakefield served as exclusive adviser to Advance Realty Investors and Greek Development in arranging $235 million of permanent financing for Buildings E and G at Linden Logistics Center in Linden, N.J.
Fundraising | Dec 28, 2021 Motilal Oswall nears close for fifth real estate fund by Andrea Zander Motilal Oswal Real Estate Fund, the private equity arm of Motilal Oswal Financial Services Ltd., is planning a final close to its fifth fund, India Realty Excellence Fund V (IREF V), by April 2022.
Transactions | Dec 28, 2021 Cushman & Wakefield arranges $235m refinancing for 1.3msf distribution center in New Jersey by Released Cushman & Wakefield served as exclusive adviser to Advance Realty Investors and Greek Development in arranging $235 million of permanent financing for Buildings E and G at Linden Logistics Center in Linden, N.J.
Investors | Dec 28, 2021 New York City pension funds divest nearly $3b from fossil fuels by Kali Persall Three New York City pension funds are undertaking a significant divestment from fossil fuel companies, bringing the total divestment across all funds to roughly $3 billion. The divestment is one of the largest in the world, said New York City comptroller Scott Stringer.
Investors | Dec 28, 2021 Sacramento County Employees contributes $40m to Asana Partners Fund III by Kali Persall The Sacramento County (Calif.) Employees Retirement System (SCERS) has put $40 million a fund managed by Asana Partners.
Transactions | Dec 28, 2021 Icade enters Portugal market by Andrea Zander Icade’s Healthcare Property Investment Division1 acquired 100 percent of a Portuguese Real Estate Investment Fund owning a portfolio of four prime private hospital properties in Portugal for €213 million ($241 million).
Transactions | Dec 27, 2021 Morgan Stanley partners with Lodha on $80m Mumbai Logistics Park by Andrea Zander The property developer, listed as Macrotech Developers, and Morgan Stanley Real Estate Investing (MSREI) have reached an agreement to develop a 72-acre logistics park at the Palava Industrial and Logistics Park (PILP) near Mumbai.
Transactions | Dec 27, 2021 Industrial Logistics Properties Trust sells six properties for $206m by Released Industrial Logistics Properties Trust (ILPT) has entered into an agreement to add six industrial properties to its existing joint venture with institutional investors for an aggregate price of approximately $206 million.
Transactions | Dec 27, 2021 CICT acquires third property by Released CapitaLand Integrated Commercial Trust has entered into an agreement with an unrelated third-party to acquire interest in asset.
Transactions | Dec 27, 2021 Ascott Residence Trust doubles its student-accommodation assets by Andrea Zander Ascott Residence Trust (ART) has plans to acquire four U.S. student-accommodation assets for $213 million.
Transactions | Dec 27, 2021 SEGRO buys Slough office portfolio for €502m by Andrea Zander SEGRO has acquired a portfolio of offices on the Bath Road, Slough in London, from clients of AEW for €502.5 million ($568.2 million).
Transactions | Dec 27, 2021 PPF sells Manchester office to NatWest for €346m by Andrea Zander The Pension Protection Fund (PPF) has sold One Hardman Boulevard in Manchester, U.K.
