Transactions | Mar 3, 2022 Spanish hotel portfolio for sale with €700m price tag by Andrea Zander Equity Inmuebles, a Spanish hotel property landlord, has put 17 establishments managed by Meliá on the market. The operation is valued at €700 million ($774 million), according to local outlets.
Transactions | Mar 3, 2022 J.P. Morgan JV completes $700m life sciences project in Harlem by Andrea Zander Locally based developer Janus Property Co., in partnership with J.P. Morgan Asset Management, has completed the Taystee Lab Building, a $700 million life sciences project in West Harlem's Manhattanville Factory District, N.Y.
Investors | Mar 3, 2022 Rhode Island Employees mulls $25m investment in AEW Essential Housing Fund by Kali Persall The Employees' Retirement System of Rhode Island (ERSRI) has proposed a $25 million commitment to the open-end AEW Essential Housing Fund.
Transactions | Mar 3, 2022 Skanska to build €284m mixed-used development in London by Andrea Zander Skanska has signed a contract with Welput.
People | Mar 3, 2022 Scape names Tjarko Edzes to chief capital officer by Jennifer Molloy Tjarko Edzes has been named chief capital officer of Scape, a specialized residential-for-rent platform.
Transactions | Mar 3, 2022 ESR to develop $1.5b multi-phase logistics park in Greater Osaka by Released ESR Cayman Ltd. has announced its latest multi-phase logistics development in Greater Osaka, building ESR Kawanishi Distribution Center on a 505,647-square-meter (5.4 million-square-foot) prime site in Japan’s Kawanishi City to further expand its strategic network of institutional-grade New Economy real estate in the metropolitan area.
Transactions | Mar 3, 2022 Barings and HBD submit plans for London logistics space by Released HBD and Barings have submitted detailed planning for a strategic logistics scheme in Rainham, London, which will transform a 20-acre brownfield site.
Transactions | Mar 2, 2022 Primevest Capital Partners closes second deal in Spain by Released Pan-European investment manager Primevest Capital Partners has signed its second acquisition in the Spanish residential market.
People | Mar 2, 2022 CalPERS names Nicole Musicco as CIO by Kali Persall The California Public Employees’ Pension Retirement System (CalPERS) has appointed Nicole Musicco as its new CIO, following an international search and extensive recruitment process.
OMERS clocks 15.7% return for 2021 by Kali Persall OMERS, the defined benefit pension plan for municipal sector employees in Ontario, has achieved a 15.7 percent return for 2021. The amount was net of expenses, which equates to $16.4 billion of net investment income.
Fundraising | Mar 2, 2022 Europa Capital has closed two funds at the end of 2021 and the beginning of 2022 by Kali Persall The Europa Value Add Fund VI closed in December 2021 with €595.6 million ($666 million) of equity commitments.
People | Mar 2, 2022 CEO of Sweden’s AP3 to step down at end of year by Kali Persall Kerstin Hessius, CEO of the Third Swedish National Pension Fund (AP3), will step down from her role in December 2022 after 18 years in the position.
Research | Mar 2, 2022 Retail real estate sees measurable growth in 2021 by Andrea Zander Shopping-center foot traffic for 2021 rose 32.2 percent from 2020, but still remains somewhat short of 2019 levels, according to JLL.
Transactions | Mar 2, 2022 Seefried Properties and Clarion Partners break ground on logistics center in Henderson, Nev. by Released Seefried Properties, along with capital partner Clarion Partners, has commenced development of South 95 Logistics Center, a new state-of-the-art logistics center that will encompass 406,070-square-feet of industrial space across four buildings.
Investors | Mar 2, 2022 TowerBrook and Related Fund Management complete investment in Stonebridge Cos. by Released TowerBrook Capital Partners and Related Fund Management (RFM) have completed their investment in Stonebridge Cos.
