Transactions | Dec 14, 2021 Fairstead, Invesco buy nearly 2,000 units in NY in largest affordable housing deal of 2021 by Andrea Zander Fairstead and Invesco Real Estate have acquired 1,904 affordable units across 48 buildings and 2.3 million square feet in the Bronx in what is the largest deal of its kind in New York this year by both portfolio and investment size.
Transactions | Dec 14, 2021 CapitaLand Development acquires prime site for its first large-scale residential project in Vietnam by Andrea Zander CapitaLand Development (CLD), the development arm of CapitaLand Group, has plans to acquire a prime site from Becamex IDC for its first large-scale residential project in Vietnam, with a projected total gross development value of approximately S$1.12 billion ($820 million).
Investors | Dec 14, 2021 Global Student Accommodation Group forms $1.6b JV, marks Morgan Stanley entry to student market by Andrea Zander Global Student Accommodation has formed a joint venture with a fund advised by Morgan Stanley Real Estate Investing (MSREI), the global private real estate investment arm of Morgan Stanley Investment Management.
Fundraising | Dec 14, 2021 Carlyle Realty Partners IX closes at $8b by Kali Persall Carlyle has raised $8 billion for its ninth U.S. real estate opportunity fund.
Transactions | Dec 14, 2021 VNET Group and sovereign wealth fund to develop hyperscale data centers in China by Kali Persall Chinese carrier- and cloud-neutral Internet data-center-services provider VNET Group has signed a master joint venture investment agreement with an unnamed sovereign wealth fund.
Transactions | Dec 14, 2021 MGM sells iconic Las Vegas hotel in $1b deal by Andrea Zander MGM Resorts International has plans to sell its The Mirage hotel to Hard Rock International for $1.075 billion.
Transactions | Dec 14, 2021 QuadReal acquires 46% stake in Ranger Global by Released QuadReal Property Group has acquired a 46 percent ownership interest in Ranger Global Real Estate Advisors.
Transactions | Dec 13, 2021 Arctaris invests in 13-acre $600m opportunity zone development by Released Arctaris Impact Investors has made an opportunity zone investment in a $600 million multi-phased development project spanning the Ward 7 and 8 neighborhoods of Washington, D.C.
Transactions | Dec 13, 2021 Brandywine Realty Trust begins $3b master-planned mixed-use community in Austin by Released Brandywine Realty Trust has broken ground on its $3 billion, 66-acre master-planned neighborhood, which will introduce nearly 7 million square feet of workspace, multi-family, retail and hospitality, and a new Capital Metro Rail Station.
Transactions | Dec 13, 2021 AEW acquires last-mile logistics park west of Cologne for German pension scheme by Released AEW has purchased a fully let last-mile logistics park in the district of Marsdorf in Cologne.
Transactions | Dec 13, 2021 Nuveen Real Estate’s Asia Pacific Cities strategy acquires office stake for $472m by Andrea Zander Nuveen Real Estate has acquired a 50 percent interest in One George Street.
Transactions | Dec 13, 2021 South Korean consortium sells Astro Tower, Brussels’ first green office tower, to Union Investment by Andrea Zander PATRIZIA AG has sold the shares of the company owning Astro Tower, a prime office building in the heart of Brussels, on behalf of one of its single-mandate institutional clients, AIP Asset Management, a South Korean consortium.
Investors | Dec 13, 2021 Digital Realty lists Digital Core REIT on Singapore Stock Exchange by Released Digital Realty listed Digital Core REIT earlier this month as a standalone publicly traded vehicle on the Singapore Exchange.
Investors | Dec 13, 2021 SCA Property Group and GIC launch retail JV in Australia by Kali Persall SCA Property Group (SCP) has established a new joint venture with an affiliate of Singapore-based GIC.
Fundraising | Dec 13, 2021 Gresham House Forest Growth & Sustainability fund holds $265m second close by Kali Persall Gresham House has secured £200 million ($265 million) in total commitments after a second close for its Forest Growth & Sustainability fund.
Investors | Dec 13, 2021 CalPERS puts $800m in Blackstone life science fund by Kali Persall The $465 billion California Public Employees’ Retirement System (CalPERS) has committed $800 million to the perpetual life vehicle, Blackstone BioMed Life Science Real Estate fund, IREI has learned.
People | Dec 13, 2021 PSERS appoints Bob Devine as acting CIO by Kali Persall The $72.5 billion Pennsylvania Public School Employees’ Retirement System (PSERS) has selected Bob Devine, formerly the fixed income managing director of the pension fund, as its acting CIO.
Research | Dec 13, 2021 Global Risk Survey: Omicron hits business sentiment by Andrea Zander The emergence of the Omicron coronavirus variant has been accompanied by a marked deterioration in business sentiment.
Transactions | Dec 13, 2021 Royal Mail to Sell Remaining Nine Elms Plots for €130m by Released Royal Mail has exchanged contracts to sell the last three remaining plots on London’s Nine Elms Park Site to London Square for £111.2 million pounds (€130.3 million or $147.5 million).
Transactions | Dec 13, 2021 CDL to divest Seoul hotel for $920m by Released City Developments to buy Millennium Hilton Seoul.
